Richard Palmer

Senior Lecturer in Accounting

Richard Palmer

Richard Palmer

Professor Palmer joined the Olin faculty in 2019. Prior to that, he served as the Lumpkin Distinguished Professor of Business at Eastern Illinois University, as a Copper Dome Faculty Research Fellow at Southeast Missouri State University, and as a Visiting Professor at Washington University. His writings have appeared in journals such as Behavioral Research in Accounting, European Management Journal, Journal of Accounting, Auditing, and Finance, and Journal of Emerging Technology in Accounting. Prior to academic studies, Richard worked in public accounting and financial services industry performing accounting and audit services for a wide range of clients. Professor Palmer is one of the world’s foremost authorities on the procure-to-pay business cycle and bank commercial card technology Aspects of his work have been quoted in U.S. Senate hearings, the Wall Street Journal, ABC News Good Morning America, Business Week, CNN Money, CBS News MarketWatch, and American Banker, among others. Over his career, he has worked on projects with organizations such as MasterCard, Visa, Bank of America, Citibank, Comdata, General Electric, ITT Automotive, J.P. Morgan Chase, KPMG, Lockheed Martin, PNC, Scotiabank, University of Oregon, U.S. Bank, and Wells Fargo.

Area of Expertise

Auditing, Managerial Accounting

Education

  • Ph D 1990, Southern Illinois University-Carbondale
  • Masters of Accountancy 1984, Southern Illinois University-Carbondale
  • MBA 1981, Southern Illinois University-Carbondale

Academic/Professional Activities

Board of Advisors of a Company, Commercial Card Payments International

Awards/Honors

  • Faculty Fellow by The National Center for the Study of Middle Market, The Ohio State University, 2018
  • Most Influential Executive finalist, Commercial Payments International, 2013
  • Best Paper Award winner on "Modeling the Modern Acquisition Cycle", AIS Educator Association, 2005
  • Voted Outstanding Professor , University of Tennessee Student Government Association, 2000

Teaching Interests

Audit (intro. and advanced), cost (intro. and advanced), accounting information systems, basic financial

Research Interests

Financial processes, change management, management control systems, auditing, fraudulent financial reporting

Personal Interests

Travel, hiking, exercise with weights, all-around sports fan

Selected Publications

  • "Supplier Finance Programs: Audit Concerns and Adjustments", CPA Journal, with Leisa Marshall, 2022
  • "Benchmarking External Audit Fees to Lower Audit Costs: Data from Fortune 1000 Companies", Management Accounting Quarterly, Issue 4, with Halley Olveda, Kristi Brucker, 2019
  • "Internal Controls, Decentralization, and Performance", 39-65, with Mahendra Gupta, A. Davila, 2018
  • "The Emergence of Virtual Card Payments: Data Highlights in North American Commercial Payment Practices", Journal of Payment Strategy and Systems, Issue 2, 194-204, with Mahendra Gupta, James Brandt, 2016
  • "Organizational Structure and Intra-firm Innovation Diffusion", Journal of Marketing Management, Issue 2, 35-57, with , 2013
  • "Technology-Driven Convergence of Business Processes in the Acquisition Cycle: Implications for Accountants and Educators", Journal of Emerging Technology in Accounting, 2011

Contact

Richard Palmer