In this paper, an implicit partitioned fluid-structure-acoustic interaction method is presented for predicting nonlinear aeroelastic response of an elastic composite laminated panel backed by an acoustic cavity and subject to a supersonic flow. The method is formulated in an arbitrary Lagrangian-Eulerian framework based on the unsteady Navier-Stokes equations for the supersonic flow, a geometrical nonlinear dynamics model for the composite laminated panel, and the nonlinear Westervelt equation for the finite-amplitude sound waves in cavity. A theoretical fluid-structure-acoustic model of the supersonic panel is proposed for validating the present numerical method, in which the nonlinear structural model of the panel, the first-order piston aerodynamics model of the supersonic flow and the nonlinear sound wave model of the cavity are coupled in a monolithic manner. It is found that cavity acoustic resonance can appear in the case a vibration mode of the panel coalescing with an acoustic mode of the cavity. Several new physical features of nonlinear acoustic resonance have been discovered, such as the presence of shock wave with high pressure gradients travelling along the resonant cavity in axial direction and the presence of higher-order harmonic wave components, which emphasize a nonlinear acoustic wave model of the cavity must be used to fully characterize these phenomena. In addition, the nonlinearity of the standing wave is quantitatively related to the acoustic modes by means of a proper orthogonal decomposition analysis.