Palumbo earns doctorate
PLAINVIEW - Assistant Professor of Business Ralph Palumbo was the latest faculty member at Wayland Baptist University to earn his doctorate, defending his dissertation at the University of Sarasota in Sarasota, Fla., on March 30. Palumbo will officially receive his Doctor of Business Administration degree in mid-April.
Titled "A Descriptive Study of the Attitudes and Opinions of Certified Public Accountants Related to Their Profession," Palumbo's dissertation dealt with the ideals and perceptions surrounding CPAs.
"I put a notice out to the members of the New Jersey State Society of CPAs, of which I am a card-paying member," Palumbo said. "I did a survey of CPAs, asking what their opinion was on the state of the profession."
Palumbo, whose primary teaching duties include accounting, has held his CPA status since 1978. While the majority of CPAs he surveyed were from New Jersey, Palumbo said he also surveyed some local accountants.
Of those surveyed, Palumbo said 50 percent view the profession as being less ethical than in the past and 75 percent think that doing consulting work with large corporations impairs the ability to do an independent audit. The majority also thought that public opinion is more negative toward the profession.
Palumbo surveyed 121 CPAs, but said his numbers may be somewhat skewed since only nine of those participating in the survey, which was available on-line, were from major accounting firms.
Palumbo spent approximately 18 months working on his dissertation.
"It was a lot of work, but it was fun," said Palumbo, who enrolled in the doctoral program in 1999. A native of New Jersey, Palumbo received his bachelor's degree from Montclaire State University in upper Montclaire, N.J., then graduated from Fairleigh Dickenson University in Teaneck, N.J., with a master's degree in 1978. Palumbo took time off from his education to work and raise his son prior to pursuing his doctorate.