News Archive

CPA Examination Survey
INVITATION TO COMMENT
Through an Invitation to Comment, the AICPA Examinations Team is seeking input from accounting educators on proposed CPA Examination improvements, a multi-year project of the AICPA Board of Examiners (BOE). Invitation to Comment materials – a description of the planned improvements and a questionnaire – are available online. The deadline for the receipt of completed questionnaires was December 31, 2007.

David M. Walker
U.S. Comptroller General
SPECIAL PRESENTATION ONLINE
At the 2007 AAA Annual Meeting, the Honorable David M. Walker, Comptroller General of the United States and head of the Government Accountability Office, spoke at a special panel session on, "The Federal Budget and Fiscal Future of the United States." Mr. Walker's presentation was "eye-opening" for many of the attendees. The Public Interest Section has posted his full PowerPoint presentation online.
AAA Front Page: 10/07-10/14/07

Thomas J. Linsmeier
APPOINTED TO FASB
Robert J. DeSantis, President and Chief Operating Officer of the Financial Accounting Foundation ("FAF") recently announced that the FAF Trustees have appointed AAA member Thomas J. Linsmeier to the Financial Accounting Standards Board (FASB). Mr. Linsmeier is the Russell E. Palmer Endowed Professor and Chairman of the Department of Accounting and Information Systems in the Eli Broad College of Business at Michigan State University.
AAA Front Page: 05/19/05-02/26/06

Timothy Bell Appointed to IAESB
2005 EDITION
NEW YORK, February 6 – Timothy B. Bell, a director of research for the audit, tax and advisory firm KPMG LLP, has received a 3-year appointment to the International Accounting Education Standards Board (IAESB) by the International Federation of Accountants (IFAC), effective Jan. 1, 2006.
AAA Front Page: 02/10/06-02/17/06

COSO's ERM Framework
FREE SUMMARY AVAILABLE
The long-awaited COSO Enterprise Risk Management — Integrated Framework was released at a news conference in New York on September 29, 2004. Authored by PricewaterhouseCoopers, the framework will define essential ERM components, discuss key ERM principles and concepts, suggest a common ERM language, and provide clear direction and guidance for enterprise risk management. A free Executive Summary of the framework is now available online:

• Download the free Executive Summary
• Order the Framework and Application Techniques

Gulf Coast Hurricane Aftermath
ANNOUNCEMENTS
AAA—Our thoughts are with colleagues and their families affected by Hurricane Katrina and/or Hurricane Rita. With communications compromised in many areas it is difficult to learn about individuals' needs and concerns, so we invite the community to let us know of anything the AAA might be able to do to support colleagues in their rebuilding processes or to ease the stress of this difficult event. Please send your thoughts or suggestions in an email to Judy Cothern (Judy@aaahq.org) at the AAA.
AAA Front Page: 09/04/05-10/09/05

A Tribute to Donald H. Skadden
AAA PAST PRESIDENT
Don Skadden died on February 8, 2005, in Sanford, North Carolina, after an illness lasting several years. Professor Skadden's service to the academic side of the accounting profession was long and tireless. He worked on numerous committees for the American Accounting Association (AAA) and the American Association of Collegiate Schools of Business (AACSB). For many years he managed a summer tax program for Haskins & Sells at the University of Illinois and then for the American Institute of Certified Public Accountants (AICPA) at the University of Michigan. He was elected president of both the AAA and the American Taxation Association (ATA). Don's many accomplishments are beyond the dreams of most academics and professionals.
AAA Front Page: 04/10/05

Dean Doyle Williams Honored
CHAIR ESTABLISHED
The University of Arkansas has established a chair in accounting in honor of Doyle Z. Williams, dean of the Sam M. Walton College of Business for almost 12 years. The Doyle Z. Williams Chair in Professional Accounting will be endowed by funds from the $300 million gift from the Walton Family Charitable Support Foundation. Dean Williams will be the first holder of the chair, beginning July 1, 2005, when he retires as dean of the Walton College.
AAA Front Page: 02/20/05

IIA Research Foundation Grants Students Barrett Award
DECEMBER 28, 2004
Doctoral candidates Richard Clune of the Weatherhead School of Management at Case Western Reserve University in Cleveland, Ohio, and Anelia Grigorova of the University of Economics in Bulgaria were selected by The IIA Research Foundation to receive the December award of the Michael J. Barrett Doctoral Dissertation Award. This program encourages internal audit research through providing funds to selected doctoral candidates interested in the field of internal auditing. Applications are due May 15 and October 31.
AAA Front Page: 01/09/05

Paula Bevels Thomas Honored
AICPA AWARD
AAA member Paula Bevels Thomas, CPA, DBA, was honored with the AICPA 2004 Distinguished Achievement in Accounting Education Award in Scottsdale, Arizona, at the spring council meeting. She is a member of the board of examiners and is advisory board distinguished professor of accounting and interim chairwoman of the department of accounting at Middle Tennessee State University, Murfreesboro.
AAA Front Page: 09/19/04

The Accounting Hall of Fame
AAA MEMBERS INDUCTED
Three distinguished accountants were inducted into the Accounting Hall of Fame on Monday, August 9, 2004 at the American Accounting Association Annual Meeting in Orlando, Florida. The 2004 inductees are Dennis R. Beresford, former chairman of the Financial Accounting Standards Board; Gerald A. Feltham, internationally-known accounting theoretician; and, the late William J. Vatter, influential professor and writer on cost accounting and related subjects.
AAA Front Page: 09/12/04

Dr. Prisicilla Burnaby Wins Award
2004 IIARF EDUCATOR OF THE YEAR
AAA member and Bentley Professor of Accountancy Priscilla A. Burnaby, Ph.D., CPA was presented with The Institute of Internal Auditors Research Foundation's (IIARF) 2004 Leon R. Radde Educator of the Year Award during the professional association's June 21–24 International Conference in Sydney, Australia. The IIA presents this award each year to one individual who has made significant contributions to the advancement of internal auditing and education in colleges and universities..
AAA Front Page: 08/01/04

"Dr. Don" to Carry the Olympic Torch
ATHENS 2004
AAA member, Dr. James Don Edwards, known in the Atlanta business community as "Dr. Don," has been selected by Coca-Cola to participate in the Olympic Torch Relay for the 2004 Olympics in Athens, Greece. Dr. Edwards has lived in Athens since 1972. He is the retired J. M. Tull Professor of Accounting for the Terry College of Business at the University of Georgia.
AAA Front Page: 07/25/04

Arthur R. Wyatt

33rd Annual AAA Doctoral Consortium

38th Annual Trueblood Seminars

Accounting Horizons Wins Award

Tracey E. Sutherland Appointed

Accounting Education News

KPMG's and the University of Illinois' s Business Measurement and Research Program
As a part of this program, a number of teleconferences have been scheduled to facilitate the efforts of prospective authors. The first of these teleconferences will be held on November 8, at 11:00 a.m., eastern (U.S.) standard time. If you are interested in participating in this teleconference, additional information is available online.
AAA Front Page: 11/03/02

Doyle Z. Williams

AICPA Hall of Fame Awards
AAA MEMBER 2002 WINNER Ajilon Finance and the American Institute of Certified Public Accountants have announced the winners of the 2002 AICPA Business and Industry Hall of Fame Awards. AAA member Joseph T. Wells, Founder and Chairman of the Association of Certified Fraud Examiners, was inducted into the Hall of Fame at the AICPA's National Industry Conference in New Orleans on October 18, 2002. Also receiving this award were Don L. Blankenship, President, Chief Executive Officer and Chairman of the Board of Massey Energy Company. Vernon D. Evans, Executive Vice President - Finance and Chief Financial Officer of the Dallas Fort-Worth International Airport Board in Fort Worth, Texas. Larry Weber, Executive Vice President and Chief Financial Officer at Bauer Built, Inc., in Durand, Wisconsin.
AAA Front Page: 10/20/02

2002 AAA Annual Meeting

San Antonio Drawing Winner

AAA Member Honored by LCPA
AWARDS UPDATE The Society of Louisiana CPAs (LCPA) recently presented AAA Member Dr. Samuel J. Lambert III, CPA the LCPA's Lifetime Achievement in Accounting Education Award. Presented jointly by the LCPA and the American Institute of Certified Public Accountants (AICPA), this prestigious award recognizes accounting educators whose professional contributions deserve commendation.
AAA Front Page: 08/25/02

FASB's Plans Regarding the Accounting for Employee Stock Options
The accounting for employee stock options has received renewed attention in recent months. The Financial Accounting Standards Board has released its Plans Regarding the Accounting for Employee Stock Options,and will soon issue an Invitation to Comment.
AAA Front Page: 08/18/02

News from the SEC
The SEC has appointed two AAA members as the 2002/2003 AAA/SEC Academic Accounting Fellows:

• David B. Smith, Iowa State University
• Paul Munter, University of Miami

AAA Front Page: 08/11/02

Financial Accounting Standards Committee

Financial Accounting Foundation News
At its July 23 trustee meeting, the Financial Accounting Foundation (FAF), which has oversight, appointment and fundraising responsibilities for the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), voted to change its certificate of incorporation and by-laws to increase the independence of its trustee appointment process. The change is effective immediately.
AAA Front Page: 08/04/02

Computer-Based CPA Exam

FASB Issues Exposure Draft
The FASB has issued an Exposure Draft, Acquisitions of Certain Financial Institutions, that amends two existing accounting standards and an Interpretation to increase consistency of financial reporting. The comment period continues through June 24, 2002.
AAA Front Page: 05/19/02

Susan C. Kattelus Appointed to GASAC
AAA member, Susan C. Kattelus, Ph.D., Professor of Accounting at Eastern Michigan University, has been appointed by the Financial Accounting Foundation (FAF) to replace outgoing AAA member John Engstrom on the Governmental Accounting Standards Council (GASAC). The GASAC provides counsel on technical projects, priorities and accounting issues to the Governmental Accounting Standards Board (GASB). AAA Front Page: 05/12/02

GAO Advisory Council Appointments
Ten new members, including two AAA members, have been appointed to serve on the Advisory Council on Goverment Auditing Standards. Dr. John Engstrom, Professor, Northern Illinois University and Dr. Ehsan Feroz, Professor, University of Minnesota, join the Council, along with AAA Members:

• Dr. Rhoda C. Icerman, Professor of Accounting at Florida State University
• John R. Miller (Chair), Partner and Vice-Chairman 0f KPMG LLP
• Bert T. Edwards, Former Chief Financial Officer, U.S. Department of State
• Dr. Jesse W. Hughes, Private Consultant, retired as Professor Emeritus of Accounting, College of Business and Public Administration at Old Dominion University

AAA Front Page: 05/05/02

Wanda A. Wallace Wins Research Award
Wanda A. Wallace, Ph.D., CPA, CMA, CIA, The John N. Dalton Professor of Business Administration at the College of William and Mary has been selected as the recipient of the Association of Government Accountants' (AGA's) 2002 Cornelius Tierney/Ernst &Young Research Award. AAA Front Page: 04/28/02

Government Auditing Standards

New Study Addresses Enterprise Risks
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has launched a landmark new study designed to provide guidance in helping organizations manage risk. COSO is a voluntary private-sector organization dedicated to improving the quality of financial reporting through business ethics, effective internal controls, and corporate governance. AAA Front Page: 02/03/02

AAA Member Named to GASB
James M. Williams, a Partner and the National Director of Public Sector Accounting and Assurance Services with Ernst & Young LLP, has been named to a five-year term as a member of the Governmental Accounting Standards Board (GASB), effective July 1, 2002. The appointment was made by the Financial Accounting Foundation's Board of Trustees, which oversees the activities of the GASB and Financial Accounting Standards Board (FASB). AAA Front Page: 01/27/02

GAAP 2001

Prof. Stephen Zeff
Receives Hourglass Award
HOUSTON, November 13, 2001. For his work on a biography commended by accounting history scholars throughout the world, Prof. Stephen Zeff, Herbert S. Autrey Professor of Accounting, receives his second Hourglass Award from the Academy of Accounting Historians. AAA Front Page: 11/25/2001

Accounting Hall of Fame Honorees
Former AAA President, James Don Edwards, and AAA member Nicholas Dopuch will be inducted into the Accounting Hall of Fame on August 13 during a breakfast ceremony at the American Accounting Association's Annual Meeting in Atlanta. AAA Front Page: 08/05/2001

Business Measurement Case Development
& Research Program
The KPMG/University of Illinois Business Measurement Case Development and Research Program was established in 1998 to foster implementation and evolution of concepts in strategic-systems auditing (SSA). Eight case studies are now available on the program website, with five more to be added in the Fall of 2001. AAA Front Page: 06/17/2001

News from the SEC
The SEC has appointed three AAA members as the 2001/2002 AAA/SEC Academic Accounting Fellows:

• Betty Chavis, California State University, Fullerton
• Steven L. Henning, Southern Methodist University
• Vivek Mande, University of Nebraska at Omaha

AAA Front Page: 05/13/01

Support Sought for Two
New AAA Sections
The Minority Faculty Development Committee, an ad hoc Committee of the American Accounting Association, is soliciting members for a proposed new AAA section, the Faculty Diversity and Initiatives Section. This proposed AAA Section will identify issues related to faculty diversity, with a focus on recruitment, research, and assessment.

Sponsors of the Forensic Accounting and Litigation Support Section are soliciting members for a proposed new section of the American Accounting Association, which will identify issues in forensic auditing, fraud, taxation, valuation, financial/managerial accounting, economics, and computer technology.
AAA Front Page: 05/06/2001

GAO Advisory Council Appointments
Six new members, including two AAA members, have been appointed to serve on the Advisory Council on Goverment Auditing Standards. John R. Miller (Chair), Partner and Vice-Chairman 0f KPMG LLP and Dr. Rhoda C. Icerman, Professor of Accounting at Florida State University, join the Council, along with AAA Members:

• Bert T. Edwards, Former Chief Financial Officer, U.S. Department of State
• Dr. Jesse W. Hughes, Private Consultant, retired as Professor Emeritus of Accounting, College of Business and Public Administration at Old Dominion University
• Dr. Earl R. Wilson, Director, School of Accountancy, University of Missouri-Columbia

AAA Front Page: 02/18/2001

IASC Trustees Announce
New Standard-Setting Board
The International Accounting Standards Committee ("IASC") has announced the appointment of the new International Accounting Standards Board to reach the goal of global accounting standards. Several AAA members are among the distinguished members of the new Board. AAA Front Page: 01/28/2001

Katherine Schipper
Named to FASB
AAA Member, Katherine Schipper, the L. Palmer Fox Professor of Business Administration at Duke University's Fuqua School of Business, has been named to a five-year term as a member of the Financial Accounting Standards Board (FASB), effective September 1. The appointment was made by the Financial Accounting Foundation's Board of Trustees, which oversees the activities of the FASB.
AAA Front Page: 01/28/2001

Independence Education Program
A new Independence Education Program has been developed specifically for educators to supply them with the tools needed to teach Independence issues at the University level. A one-time class will be held on Friday, October 27, 2000 in Caliber Learning Network classrooms in cities across the country.
AAA Front Page: 10/22/2000

CAPS 2000 Sponsor Links
The Corporate Accounting Policy Seminar (CAPS), held September 8-10, 2000, was sponsored by two dozen major corporations. Miscellaneous item - did not appear on the AAA Front Page

M-G-M Early Bird Prize Awarded!
The AAA awarded the Member-Get-A-Member Campaign Early Bird prize, a Toshiba 4260DVD laptop computer, to Robert C. Maloney of the University of Alaska-Anchorage. Robert became eligible for the drawing by sponsoring a new member prior to the December 31, 1999, deadline. Professor Maloney sponsored Bernadine W. Raiskums of the Municipality of Anchorage on November 2, 1999. The Member-Get-A-Member Campaigncontinues through May 31, 2000.
AAA Front Page: 05/12/2000

News From The SEC
Lynn Turner, Chief Accountant of the U.S. Securities and Exchange Commission, recently spoke on auditor independence and on the self-regulation process for auditors. The speech is available from the SEC web site. AAA Front Page: 03/19/2000

Executive Director Craig E. Polhemus
Earns CAE Designation
The Executive Director of the American Accounting Association, Craig E. Polhemus, was recently recognized by the American Society of Association Executives (ASAE) for having earned the Certified Association Executive (CAE) designation. Craig has served as the AAA Executive Director since 1995.
AAA Front Page: 01/23/2000

Awards Presented at the AAA 1999 Annual Meeting
One of the highlights of each year's AAA Annual Meeting schedule is the presentation of various awards to outstanding members for significant achievement. More information about these awards and others, including nomination criteria, submission instructions, and deadlines, is available online.
AAA Front Page: 09/12/1999

Deloitte & Touche Foundation Continues Support for AAA Doctoral Consortium
The Deloitte & Touche Foundation recently announced the renewal of their commitment to the AAA Doctoral Consortium program. The funding will support the project, which provides doctoral students with the opportunity to interact with some of the country's most distinguished faculty.
AAA Front Page: 07/04/1999

AAA Members Named 1999-2000 Pew Scholars
Two AAA members, Anita S. Hollander and Anthony H. Catanach Jr., were named 1999-2000 Pew Scholars by the Carnegie Foundation for the Advancement of Teaching. Hollander is Chapman Professor of Business at the University of Tulsa and is director of the School of Accounting and Management Information Systems. Catanach is an assistant professor of accountancy at Villanova University.
AAA Front Page: 05/30/1999

COSO Fraud Report Released
The final report on research commissioned by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has been released. The study, Fraudulent Financial Reporting: 1987-1997, provides a comprehensive analysis of fraudulent financial reporting occurrences investigated by the SEC since 1987.
AAA Front Page: 04/11/1999

COSO to Release Fraud Study
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is sponsoring a comprehensive study of fraudulent financial reporting, slated to be released in the Spring of 1999. This study will provide a basis for recommendations on preventing and detecting financial statement fraud.
AAA Front Page: 02/14/1999

AICPA Hosts Annual Educators Conference... The AICPA hosted its annual Accounting Educators Conference on November 6 - 7, 1998 in McLean, Virginia. The theme of the Conference was "The CPA Vision Project: Strategies for Educators."
AAA Front Page: 01/17/1999

Inaugural Editor...The AAA's International Accounting Section is seeking nominations for Editor of its newly approved section Journal.
AAA Front Page: 11/22/1998

AICPA Seeks Research Proposals...The AICPA Auditing Standards Board is asking for proposals for research to assess the effectiveness of SAS No. 82, Consideration of Fraud in a Financial Statement Audit.The board seeks proposals relevant to two broad objectives: First, to assist the ASB in an assessment of SAS No. 82's effectiveness; and secondly, to assist the ASB to continually improve SAS NO. 82 related guidance by addressing how emerging business and technology trends affect the process of detecting material financial statement misstatements due to fraud.
AAA Front Page: 10/18/1998

Remarks Made by SEC Chairman Arthur Levitt... In his speech, Levitt voices concern about erosion of integrity of financial reporting, saying the "process has evolved over the years into what can best be characterized as a game among market participants. A game that, if not addressed soon, will have adverse consequences for America's financial reporting system."
AAA Front Page: 10/18/1998

Call for Speakers...Independent financial training consultant Marc Gardiner is seeking speakers for three public seminars on the topics of US GAAP and SEC Reporting for the Institute for International Research Group (IIR).
AAA Front Page: 8/2/1998

New IASC Proposals on Financial Instruments... The International Accounting Standards Committee (IASC) has published, for public comment, proposed standards on recognition and measurement of financial instruments.
AAA Front Page: 6/28/1998

Deloitte & Touche Foundation Awards $200,000 in Fellowships... The Deloitte & Touche Foundation announced the ten recipients of its 1998 Doctoral Fellowship in Accounting Awards.
AAA Front Page: 5/31/1998

Steve Berlin/CITGO Grant Recipients... Professors Michael Ettredge, Vernon Richardson and Susan Scholz, of University of Kansas, have been selected to receive a Steve Berlin/CITGO grant.
AAA Front Page: 5/24/1998

Robert J. Freeman Named Vice Chairman of GASB... Robert J. Freeman, a member of the Governmental Accounting Standards Board (GASB) since 1990 and the distinguished professor of accounting at Texas Tech University, has been appointed vice chairman of the GASB.
AAA Front Page: 5/24/1998

Case Grant Recipients Announced... KPMG and the University of Illinois at Urbana-Champaign have announced case development grants under the Business Measurement Case Development and Research Program.
AAA Front Page: 4/26/1998