Ray G. Stephens

Professor of Accountancy and
Director, Ohio Center for Professional Accountancy

Office: Copeland 602
Phone: 740-597-1805
Fax: 740-593-2412
Email: stepher1@ohio.edu
Department: School of Accountancy


    DBA, Harvard University, 1978. Planning, accounting and accountability systems.

    MBA, East Carolina University, 1975. Business and accounting.

    BA, University of Georgia, 1965. History.

Research Interests

    Corporate financial reporting, auditing, and strategy implementation. Authored three books, 20 journal articles including publications in the Accounting Review, Accounting and Business Research, Journal of Accounting and Public Policy, Auditing: A Journal of Practice and Theory, and Research in Accounting Regulation, and numerous teaching materials and professional publications.

Professional Experience

    Several years of banking experience after service as a Naval officer. North American Accounting and Auditing Consultant, CPA Associates International (since 2005); CPE Instructor for Executive Enterprises, Inc. (Since 1990) and Ohio Society of CPAs (since 1983).

    Consulting work for companies such as Myers Industries, American Electric Power, F&R Lazarus, JC Penney Casualty Insurance, Kellogg Company, and Rockwell International.

    Expert witness and litigation support in accounting,auditing, and financial management.

    Former Academic Accounting Fellow, Securities & Exchange Commission.

    Former Senior Academic Fellow, Office of the Auditor of the State of Ohio.

    Former Faculty Resident, Arthur Andersen & Co.

    Certified Public Accountant (CPA).

    Certified Management Accountant (CMA).

Selected Publications

    Stephens, R. (2010). Theory, Expectations and Accounting for Environmental and Related Liabilities. Journal of Theoretical Accounting Research, 6(1), 30-51.

    Stephens, R., Barr, J. (2006). “SOX Assignment”. Business Officer, October 2006, 31-34.

    Stephens, R., Murdock, R. J., Roberts, G. E. (2005). “Accountant’s Reports on Nonpublic Financial Statements of the Primary Beneficiary When an Variable Interest Entity is not Consolidated”. Catalyst, May-June 2005, 25-27.

    Stephens, R., Roberts, G. E., Murdock, R. J. (2005). “Authoritative Guidance on OCBOA Needed, Not Private Company GAAP”. Catalyst, March-April , 2005, 64-65.

    Stephens, R., Murdock, R. J., Roberts, G. E. (2004). “Clarifying Misconceptions About Compilation and Review”. Catalyst(May-June 2004), 65-67.


    Ohio Society of CPAs 100th Anniversary Most Influential Accountant, 2008; OSCPA Gold Medal 2004, Beta Alpha Psi National Academic Information Systems Professional, 2004; American Accounting Association Ohio Region Presidential Lifetime Achievement Award, 2003; Ohio Outstanding Accounting Educator Award, 1995; Ohio Society of CPAs Outstanding Instructor, 1995; AICPA Outstanding Instructor, 1991.


    Former President, Columbus Chapter of Ohio Society of CPAS; Former Vice President, Ohio Society of CPAs; Member, Accountancy Board of Ohio (2001-2008, chair 2005-2006), Former Vice President, Ohio Region of American Accounting Association; Former Chair, Accounting, Behavior and Organizations Section, American Accounting Association; Former President, North American Case Research Association; Former Presidentand current Director, Central Ohio Chapter of Financial Executives International