TEACHES IN THE FOLLOWING PROGRAM(S)
Accounting
Business
School of Business
Biography
Professor Subedi has been teaching in higher education since 2021 and has been at Carroll University since 2024. She has taught courses in auditing, intermediate accounting II, financial accounting, managerial accounting, and non-profit management. Her research interests span AI neural network models, machine learning, financial reporting quality, non-profit accounting, governance, audit risk, investment efficiency, tax avoidance, and insider trading. She has published twelve peer-reviewed journal articles and authored three book chapters. She has presented at numerous conferences, including the American Accounting Association’s annual and midyear meetings.
She earned a Master of Science in Accountancy (MSA) degree from the Gies College of Business at the University of Illinois Urbana-Champaign, a Ph.D. in Public Administration from Florida Atlantic University, and a DBA in Accounting from the University of Wisconsin-Whitewater.
She is deeply passionate about teaching, actively engaged in research and publication, and fully dedicated to her work at Carroll University.
She lives in Waukesha with her husband and their daughter. She enjoys camping, travelling with family, playing volleyball, and writing poems.
Education
DBA, Accounting, University of Wisconsin-Whitewater
Ph.D., Public Administration, Florida Atlantic University
MSA, Accounting, University of Illinois Urbana-Champaign
MS, Gerontological Studies, Miami University
BBA, Management, Southern Arkansas University
Areas of Specialization
Auditing
Accounting Analytics
Accounting Information Systems
Financial Accounting
Managerial Accounting
Scholarly and Professional Achievements
Journal Articles
Subedi, M., Li-Kuehne, M., & Mwaungulu, E. (2025). “Community Social Capital and Financial Reporting Quality in Nonprofits.” Accounting & Finance.
Subedi, M. (2024). “Principles Based Accounting Standards, Audit Fees and Going Concern: Evidence Using Advanced Machine Learning.” International Journal of Accounting and Information Management.
Subedi, M., & Zoet, E. (2024). “The Economic Consequences of Climate Risk Disclosures.” Journal of Forensic Accounting Research.
Bhandari, A., Bhuyan, M., & Subedi, M. (2024). “Friendly Boards and Capital Allocation Efficiency.” Accounting & Finance.
Li-Kuehne, M., Subedi, M., & Mwaungulu, E. (2024). “Community Social Capital and Accounting Conservatism.” Journal of Forensic Accounting Research.
Subedi, M., & Liu, G. (2024). “Religious Environments, Governments and the Density of Nonprofit Organizations.” The American Review of Public Administration.
Mwaungulu, E., Li-Kuehne, M., & Subedi, M. (2023). “Corporate Governance, Internal Control and Leverage: Are We There Yet?” EDPACS.
Bhuyan, M., Subedi, M., & Akter, M. (2022). “CEO-friendly Boards and Seasoned Equity Offerings.” Journal of Behavioral and Experimental Finance.
Subedi, M. (2022). “Independent Audit Matters: Mitigation of Auditors’ Independence Issues and Biases.” EDPACS.
Dell, S., Subedi, M., Hsu, M., & Farazmand, A. (2022). “The Independent Audit for Nonprofits: Does it Make a Difference?” Public Organization Review.
Dell, S., Subedi, M., Hsu, M., & Farazmand, A. (2022). “Social Capital and Financial Performance in Nonprofits.” Public Organization Review.
Subedi, M., & Farazmand, A. (2020). “Economic Value Added (EVA) for Performance Evaluation of Public Organizations.” Public Organization Review.
Subedi, M., & Farazmand, A. (2019). “Membership Organization’s Social Capital and the Impact on Nonprofit Sector Management.” International Journal of Public Administration.
Book Chapters and Case Studies
Subedi, M. (Forthcoming, 2025). “Accrual Principle: Concepts, Theories, Challenges, and
Opportunities.” Chapter In: Sage Publications, Inc.
Subedi, M. & Bhandari, A. (Forthcoming, 2025). “Earnings Management: Concepts and Implications.” Chapter In: Sage Publications, Inc.
Wood, D. A., (Subedi, M. and 325 others) et al. 2023. “The ChatGPT Artificial Intelligence Chatbot: How Well Does It Answer Accounting Assessment Questions?” Issues in Accounting Education.
Subedi, M. (2020). “Public-Private Partnership and Bureaucracy.” Chapter In: Global Encyclopedia of Public Administration, Public Policy and Governance.
Presentations
American Accounting Association (AAA) Spark Meeting 2025
- “Do Female Board Directors Deter Private Information Trading? U.S. Evidence”
- “Firm Social Network, Information Opacity and Firm Value”
American Accounting Association (AAA) Annual Meeting 2024
- “Do Religious Norms Deter Private Information Trading? Evidence Using Opportunistic Insider Trading”
- “The Effect of Friendly Boards on Asset Prices: Evidence from Stock Price Crash Risk”
American Accounting Association (AAA) Spark Meeting 2024
- “Do Religious Norms Deter Private Information Trading? Evidence Using Opportunistic Insider Trading”
- “Deepfakes and Forensic Accounting”
American Accounting Association (AAA) Annual Meeting 2023
- “Friendly Boards and Capital Allocation Efficiency”
- “Managerial Resilience and Financial Reporting Quality: Machine Learning Approach”
American Accounting Association (AAA) Spark Meeting 2023
- “Managerial Resilience and Financial Reporting Quality: Machine Learning Approach”
- “Friendly Boards and Capital Allocation Efficiency”
American Accounting Association (AAA) Annual Meeting 2022
- “Tax Avoidance as Necessary Evil: Implications for Firms’ Investment and Financing Opportunities”
- “Detecting Fraud Using Benford’s Law: Excel and Alteryx Application”
Financial Management Association (FMA) Annual Meeting 2022
- “CEO-Friendly Boards and Seasoned Equity Offerings”
Southern Finance Association (SFA) Annual Meeting 2022
- “CEO-Friendly Boards and Seasoned Equity Offerings”
Eastern Finance Association (EFA) Annual Meeting 2022
- “CEO-Friendly Boards and Seasoned Equity Offerings”
Southwestern Finance Association (SWFA) Annual Meeting 2022
- “CEO-Friendly Boards and Seasoned Equity Offerings”
American Accounting Association (AAA) Annual Meeting 2021
- “Principles Based Accounting Standards, Audit Fees and Going Concern: Evidence Using Advanced Machine Learning”
American Accounting Association (AAA) Spark Meeting 2021
- “The Effect of Community Social Capital on Non-Profits’ Governance and Disclosure Quality”
- “Principles Based Accounting Standards, Audit Fees and Going Concern: Evidence Using Advanced Machine Learning”
Midwest Public Affairs Conference (MPAC) 2018
- “Corporate Social Responsibility and the Growth of the Nonprofit Sector”
American Society for Public Administration (ASPA) 2017
- “Organizational Social Capital and Nonprofits”
College of Public Administration Annual PhD Colloquium, Florida Atlantic University 2017
- “Organizational Social Capital and Nonprofits”
Southeastern Conference for Public Administration (SECoPA) 2016
- “Impact of Religiosity on the Size of Nonprofits”
College of Public Administration Annual PhD Colloquium, Florida Atlantic University 2016
- “Impact of Religiosity on the Size of Nonprofits”
What is your teaching style?
My teaching approach incorporates diverse teaching strategies such as lectures, group work, case studies, data analytics and guest speaker presentations, to cater to varied learning styles. My teaching style is a dynamic blend of textbook structure, real-world application, and active student engagement, aimed at making accounting both interesting and relevant. I aim to spark curiosity and a keen interest in the accounting topic being discussed. I aspire for each student to leave my class with a desire to delve deeper into the field. I prioritize fostering a caring and supportive learning environment. I value my students’ feedback and use their feedback to continuously improve their learning experience. Overall, my goal is to create a learning environment where students are engaged, challenged, and prepared to apply their knowledge beyond the classroom.
Why do you do what you do?
I am passionate about teaching accounting because it is far more than just numbers; it is the language of business. My drive comes from recognizing that every financial statement reflects decisions that shape livelihoods, communities, and entire economies. Without accurate accounting, investors lose confidence, and capital markets would cease to function. It is deeply rewarding to guide students from fearing debits and credits to confidently understanding how organizations operate. Witnessing this transformation is a powerful reminder of why I do what I do.
How do you make learning engaging?
I create an engaging learning environment by integrating chapter materials with real-world applications. To enhance classroom exercises, I incorporate case studies, real-life examples and financial statements from actual companies, enabling students to connect textbook materials to practical scenarios. Additionally, I assign Excel-based data analytics projects, allowing students to apply concepts in a hands-on, dynamic way, preparing them for the analytics-driven business landscape. These activities reinforce learning while equipping students with practical experience they can carry into their careers.
What should students know about you?
Students should know that I am wholeheartedly dedicated to your success, combining a structured classroom approach with a flexible availability to foster a supportive learning environment. My course syllabus is your roadmap, clearly outlining expectations and guidelines to help you thrive, and I encourage you to consult it regularly to stay on course. Beyond the syllabus, I am highly accessible through office hours, email, in-class discussions, and virtual meetings, always welcoming your inquiries with enthusiasm. Recognizing that weekdays can be hectic and busy, I am also available to meet virtually on weekends to address your questions or concerns. Open communication is vital for overcoming challenges, so please don’t hesitate to reach out if you are struggling or eager to explore accounting concepts further.