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Today we talk with Stephen Shepard, expert in BOMA (The Denver Metro Building Owners and Managers Association).He tells us what BOMA does for the industry and its members all around the metro area and the state!Stephen is the Executive Vice President of BOMA Denver Metro and BOMA Colorado. He loves seeing the Rockies every day from his office. Stephen is no stranger to BOMA as he also served in the same role for BOMA Austin 2015-2019 and BOMA Oakland/East Bay starting in January 2012. He is a Certified Association Executive (CAE) and has been an active member of the association industry since 2003. Stephen has worked for other associations in training and development, conferences, and membership roles and was the Chief Operating Officer at the American Accounting Association in Sarasota, Florida. Enjoy!to reach Stephen:Stephen Shepardstephens@bomadenver.org to reach Kieding:Katie WinterKwinter@kieding.comJaime BrunnerJBrunner@kieding.comwww.Kieding.com303.399.9100Hosts: Kim Hoff and Katie WinterProduction by Fred Winter https://shadowfromthesky.com/
Welcome to Count Me In, with your host, Adam Larson. In this episode, Adam is joined by Tim Hedley, the Executive in Residence at Fordham University and Shari Littan, Director, Corporate Reporting Research & Thought Leadership at IMA. Join this thought-provoking discussion as they delve into the importance of internal controls, the evolving landscape of sustainability reporting, and the challenges and benefits organizations face in adopting sustainable business practices.Discover how the COSO framework, the gold standard for reliable reporting, has been adapted to include non-financial reporting objectives, aligning with the rise of sustainability and ESG reporting. Explore critical trends in the world of ESG reporting, from increasing regulations to stakeholder engagement and supply chain transparency.Learn from Tim and Shari as they share their insights on the challenges organizations face in implementing sustainable practices and balancing short-term profits with long-term sustainability goals. Understand the significance of internal controls in providing a basis for external assurance and building stakeholder trust in reported information.Join Tim and Shari for a live event Nov 30 - Dec 1 in NYC. Register todayFull Episode Transcript:< Intro > Adam: Welcome to another episode of Count Me In. In today's episode, joining us are two guest experts. Tim Hedley, who is Executive-in-Residence at Fordham University, and Shari Littan, Director, Corporate Reporting, Research and Thought Leadership at IMA. Our discussion revolves around the importance of internal controls and sustainability reporting. And how they enhance trust, accountability, and reliability of the reported information. Tim and Shari share insights from the COSO framework. Which was developed to help improve confidence in all types of data and information. The landscape of sustainability reporting is constantly evolving, with shifting regulatory requirements and increased stakeholder expectations. We explore crucial trends; such as the focus on materiality and risk assessments, stakeholder engagement, supply chain transparency, and evolving reporting metrics. Let's get started, with this enlightening conversation. < Music > Adam: Shari, Tim, thank you so much for coming on the podcast. We're really excited to be talking about COSO, internal control, and everything in that whole ESG world. But just for our listeners, who may be unfamiliar, you could've, probably, have heard the term COSO, or ICSR, and those things before, but maybe you're not familiar with those terms. Maybe, Shari, you could take a little bit of time and define, maybe, a high-level overview of what COSO is, the significant, internal control framework, and the purpose of the new documents. Shari: I'd be happy to, thanks, Adam, it's great to be here. So COSO stands for Committee of Sponsoring Organizations and it came about in the late 1980s. It is a collaboration of five accountancy and auditing organizations. There's the American Accounting Association, which is an academic organization, primarily. AICPA, everyone is familiar. IMA, where we sit, and we primarily focus on the accountants and finance professionals in business, the in-house folks are ours. Institute of Internal Auditors, and FEI, Financial Executives International. So those five organizations make up COSO. COSO came about in the late 1980s, amid what was then the savings and loans crisis, and there was concern that the profession needed to do better. That we were starting to see major accounting failures, disclosure, litigation, regulation, questions. Are we doing the right things in the profession?" So the five accountancy organizations got together, and they said, "How are we going to resolve this? How are we going to promote trust and accountability in what we do, as a profession?" The focus became on this concept of internal controls, which we'll get to. So in '92, after that, the COSO, as an organization, produced its first internal control framework. And then we can move forward to 1990s, late 1990s, 2000, the Enron, WorldCom's era, which led to Sarbanes-Oxley. And Sarbanes-Oxley, rather than looking at the substance of what a company needs to disclose, again, looked at the idea of governance process, auditing, and said, "In order to produce financial reports to the markets, you need to focus on your systems and your controls. You need management to speak to it, in your reporting system. You need auditors to address controls." We had the PCAOP. So we have this Sarbanes-Oxley, which created this idea of internal controls over financial reporting. And, although, Sarbanes Oxley didn't specifically say, "You must use the COSO framework." It was considered the best thing around, and it's become the gold standard in how to produce reliable financial or corporate reporting in more general. Now, in 2013, the framework was refreshed, we got a new internal control framework. And what it did, in the 2013 refresh, is it added the idea of non-financial reporting objectives. That was around the same time, about 10 years ago, when we started to see all kinds of sustainability integrated, ESG, reporting frameworks. And, so, though not express, what the framework did, in its refresh, was say "Yes, this is completely applicable to these types of activities and reporting." And, so, that leads us to where we are, today. Where, earlier, in 2023 we issued the internal control over sustainability reporting publication. And what the authors did, in that publication, was we looked at the existing internal control framework and said, "Okay, now we're seeing an acceleration of ESG or sustainability reporting and activities, performance and activities. And that means we need good information, and that means we need quality information and transparency. Let's look at the COSO Internal Control Framework, and see how we can interpret it and apply it to these new forms of reporting. Adam: Shari, I think that's a great overview. And, as you mentioned, there's the ever evolving nature of this new type of non-financial reporting, ESG reporting. There are shifts in regulatory compliance. We were just speaking before we started recording how this could change, or that could change, or this regulatory body can make a statement, at this moment, at this time, how this is constantly changing. And, Tim, maybe, I'll ask you, how do you see this landscape changing? And what should organizations be, particularly, aware of, especially, with the ever evolving nature and things constantly moving? Tim: Well, Adam, thank you, and thank you for having me here. The sustainability reporting landscape has rapidly changed, particularly, recently, to meet stakeholder expectation, and government regulations. And, Adam, your question could be an entire podcast, or a big section of this podcast if we had that kind of time, but I do see some critical trends, just some of the ones, from my perspective. I mean, many people are out there, I'm sure Shari's got all kinds of ideas of what those trends might be. But there are some that just come to mind, for me. I think the biggest one that I think about a lot, and certainly what I experience in the classroom, and then talking to people who are in the field of sustainability reporting, some of the people I work with in different contexts, I think the first one is increasing regulation.Regulatory bodies, worldwide, are increasing their focus on sustainability reporting. And, personally, I think we should expect ever more stringent reporting requirements. And an interesting case in point, I think, is under the new California Climate Corporate Data Accountability Act. U.S. companies with annual revenues of $1 billion or more, in the State of California, for report both their direct and indirect greenhouse gas emissions, in the next few years. I think that's a huge change and really indicative of the kinds of things that we can expect going forward. I think next is, probably, increased investor pressure, I have no doubt about that. Institutional investors are placing more emphasis on sustainability factors, while making investment decisions. And, actually, I just saw an actual run of this, recently, last month, actually, they are employing very structured analysis using very detailed sustainability factors. So I think there's going to be more and more demand for increased disclosures, and that's not going to go away anytime soon. I think we're going to see more focus on meaningful materiality and risk assessments. People are paying a lot of attention to ensuring there are robust materiality and risk assessments, that identify and prioritize issues that are most relevant to businesses and to stakeholders. Stakeholder engagement will increasingly be more important. Engaging with stakeholders now is critical, but, I think, it's only going to become ever more so, as we move through this process. There appears to be a much keener focus on greenwashing, and I, personally, think this is a huge problem for us. I think it's actually gotten to the point, where it seems that the perception of greenwashing is causing some pushback in this space and, actually, almost threatening the integrity of the effort. I think we're going to have to think a lot more about honest transparency, in this process. Do we want people to actually buy into this and trust the process, and the kinds of things, this year, I was just talking about? I think I'm leaning directly toward that notion of more honest transparency. I think there's going to be a greater focus on supply chain transparency. Particularly around human rights, DEI, environmental impact, all these kinds of things. I think we've only seen the tip of the iceberg in this space. I think reporting, metrics will continue to change. The metrics that investors and stakeholders focus on are changing really fast. We are seeing a great deal of movement in the EU, in particular. For example, the Corporate Sustainability Reporting Directive, which went into effect this past January, it's extending the requirement to report on sustainability management from a select number of companies in the EU to nearly all companies in the EU. Except these little micro companies, I guess. So, again, a lot of movement here, a lot of stuff is changing. My bottom line, I mean, I could keep listing these things. But my bottom line is that sustainable reporting is dynamic, it's always changing, and, as professionals, we must stay informed about changes in regulations, investor perceptions, and societal expectations.Shari: Can I add just one thing to what Tim said, and that is we tend to focus, or we have tended to focus, when we think about corporate reporting on public companies. Because naturally there are securities regulations both in the U.S. and in various jurisdictions around the world. But one thing that we are seeing in the world of sustainability, or ESG information, is that it is going to affect small and medium-sized companies. Maybe not direct corporate disclosure, but to their commercial customers into supply chain. We're actually seeing where a large public company, for example, has made net-zero commitments or other kind of commitments. And they talk about that in their public materials, and it goes into their ratings, et cetera. Well, they turn around and turn to their suppliers and say, "If you want to sell to us, we want your carbon footprint data. We want your modern slavery DE&I data. And we're seeing, in a positive way, in certain places, where the large commercial buyer is working along with the smaller suppliers. The component, the agricultural companies, to say, "Let's find ways that we can work together." And it has become a competitive advantage for non-public companies to be able to say, "Not only can I deliver your components, but I can deliver your components along with quality information." We're seeing supplier audits in this area starting to come up, or industry collaborations where they're setting standards. So it's not only public companies to think about. Tim: It's not just the public companies, because I've had conversations with a lot of organizations, they're asking for my help in responding to their customers. And if they're part of the supply chain, they will, certainly, have to disclose Scope 1, 2, & 3 emissions. Shari: Exactly. Tim: And one of the problems they have is they have no clue, what in the world that company is talking about. They don't even know what the starting point is. We're talking about internal controls over sustainability reporting, this is wonderful stuff. But if you're a small organization, that's never even heard of this space, that has no idea how to report. A lot more education is going to be necessary for that upstream and downstream indirect emissions providers. I've had people call me up and say, "They're asking, now, my employees, how far do they drive to work? What kind of a car do they drive?" And all of these kinds of things, and it's very confusing for, in particular Scope 1, Scope 3, emissions information providers. Like "How in the world do I capture this stuff?" And, Shari, you're absolutely right, large organizations can't get where they want to get to with their reporting, unless the entire value chain comes on board. Adam: That makes a lot of sense, and there's going to be so much pressure from the consumers and regulatory bodies. And I can imagine it's overwhelming for any organization. Maybe somebody is listening to this and saying, "I know I need to do something." And, so, maybe, we can define what some of the benefits are to organizations and some advantages, if they can apply the sustainability business, the internal control integrated framework, to their organization.Shari: Well, I will say that, first of all, one of the great benefits of looking to the COSO framework, or ICSR as we're referring to it in shorthand, is that we already know how to do a lot of this. We have the ability to leverage what we already know about building good governance systems, and controls, and processes, and oversight into our company systems, and looking at the information flow. We can train, think about training our board, and our members, but we already have a lot of the tools, and the know-how to address the concerns. It's not as esoteric or new, it really can be rooted in what we already do. Second, another great benefit is that, although, we think about COSO Internal Control with respect to external financial reporting. When you actually get into the framework, it is enterprise wide, it is holistic. If you want good reporting, well, then, you need good information, and that means you are tracking your activities, and what your company is doing. And if the company is taking steps to actually become more sustainable in their performance. Of how they source energy, and how they human resources, and take care of waste, and all of those things. So it runs throughout an entire organization. And the thing that I find is that when you think about it holistically, you start with the concept of purpose. So if you look at the publication, you look at the framework, you look at principle one, a commitment to ethical behavior, of being a good corporate citizen. And what is your purpose? Why does your company or organization exist in the world? What are you aiming to achieve? Why should all of your investors, and stakeholders, and employees, stay with you? What are they going to get out of this; with respect to performance, and activities, and returns? So it leverages a reexamination, it leads to a reexamination, I should say. Why does our organization exist? What are we doing, and are we doing these things efficiently? Are we doing them effectively? When I first started writing this publication, when I was tapped to become part of the authorship team. I said, "Internal controls and sustainability, well, that feels a little apples and oranges, to me." But, in fact, it's really about focusing on goals. It's focusing on purpose, and objectives, and how the company achieves those, and the information that it uses to decide how it's going to use these resources. Tim: And I think I'll add something because I thought that was a great explanation by Shari. The bottom line is, from my perspective, I think the framework we're dancing or advocating and what has been put together with respect to internal control and sustainable reporting, it's comprehensive. It has widespread acceptance, it focuses correctly, in my belief, on risk management. It's very adaptable. When I read the publication that Shari co-authored, it's absolutely adaptable. We had with the internal control, the Internal Control Integrated Framework, absolutely adaptable, and it works perfectly here. And, really, most importantly, it has absolute global applicability Shari: Yes, when I hear Tim say that global applicability is that there are so many regulators, and policymakers, and standard setters, and all sorts of organizations that are saying, "Here's what you need to report." It's a lot on the what to report, but this gives a framework of method of how. Tim: Yes, and it does a good job with that. Adam: I think you've given a great explanation about all the advantages and how it benefits. But I can't imagine that it's an easy process, and there are got to be challenges that people can encounter along the way. Maybe we can discuss a few of those challenges, to help people feel at ease. Tim: When I was thinking through this, you can talk about some of the challenges. But, I think, it might make sense to talk about what some of the benefits are before we got to the challenges, perhaps, because I found that significant. I think the first, at least, from my perspective, the first benefit is enhanced reputation. A commitment to a purpose-driven business can enhance an organization's reputation, there's very little doubt about that. And there's a fair amount to thought leadership research, and surveys, and what have you, that support what I just said. If you look at GM, you look at Procter & Gamble, those are great examples of companies, in their sustainability report that have detailed their corporate purpose in very explicit ways, and easy to read, and make a lot of sense. And really I tell you in this space, there's been a paradigm shift. From just being a shareholder-first mentality, to say, "Hey, well, you know what, there are a lot of stakeholders." I think through this process you can gain a competitive advantage. Gain business practices, it can help recruit, and retain talent, just for one example. They can foster innovation. They can lead to development of new products and services. Think about electric vehicles, think about solar, think about power storage. These are all kinds of industries that we were not even really thinking much about not that many years ago, at least, not in a serious way. They can provide access to new markets and opportunities. And one thing I found very important, certainly, as my work over the last 25 years in the governance space and what have you, I can go a long way to increasing stakeholder trust and engagements. It can also have significant cost savings. Case in point is 3M's, 3Ps-Pollution Prevention Pays.And if you look at a sustainability report you'll see that, "Hey, this has saved billions of dollars since its inception." And they do a good job now of highlighting it, even though this was before we were really talking about sustainability, and ESG, and these things, and they were on top of some of the stuff. Risk mitigation, sustainable practice if well executed, it can mitigate environmental, social, and governance risk, ESG risks. It can help avoid costly reputational damage, integrity breakdowns, governmental scrutiny, fines and penalties, all kinds of benefits. Help provide access to capital, companies that demonstrate strong sustainable performance. Can often find it easier to access capital from socially responsible investors and from institutions that prioritize sustainable investments. Can lead to long-term value creation by producing a more stable and sustainable business model, less risk, and what I would say are higher valuations. And I think that's the greatest selling point for, actually, doing this stuff in a very serious way. It really is all about long-term value creation. And, of course, finally, I would say it can differentiate your brand. If you embrace sustainability and corporate purpose, you can distinguish yourself from competitors and build a brand that resonates with your consumers. Remember, it's all about the consumers in the end. There are some challenges which you had mentioned earlier, when we talked about it earlier. I think one of the biggest ones, the initial investment costs for sustainable products and efforts can be very expensive. Perhaps beyond the grasp of some, but well worth the investment for many. Understanding shifting consumer preferences is not always straightforward. Encouraging consumers to choose sustainable options over conventional ones can be slow and a challenging journey. Sometimes these sustainable options are perceived, sometimes, as being more expensive. Regulatory compliance can be demanding. It may require continuous adjustments to business operations. Clients with changing environmental regulations and standards can require continuous adjustments to your business operations. Which may pose significant operational challenges. Another big one is balancing short-term and long-term objectives it's often tricky. Organizations may, counter a lot of pressure to prioritize immediate profits over long-term sustainability, creating both internal and external pressure. And some may, I'm afraid, think you have to sacrifice one for the other. And, Adam, I don't buy into that, I don't believe that. But a lot of people do believe that, it's an either/or kind of thing. There are significant resource limitations above and beyond the budget I mentioned earlier. Things like renewable energy sources, sometimes, are hard to find. Sourcing sustainable materials can be really difficult, not to mention human resources and talent acquisition can be very difficult. Complex global operations are challenging. Multinationals might face headwinds in implementing uniform sustainability standards across diverse regulatory environments, cultural norms, socio-economic situations. Further global supply chains are incredibly complex. Much more so than domestic organizations, and requires a great deal of collaboration to make this work. And, then, finally, in this area, I would say the greenwashing concerns, we kind of touched upon it earlier. But with the focus on sustainability, there is a risk of an organization engaging in greenwashing. Where they make misleading claims about the environmental benefits of their products or operations. Such practices can lead to reputational damage and loss of trust among stakeholders. I know I've talked twice about greenwashing, but it is a huge problem. And it really is undermining a lot of the good efforts taking place in this area. So to help ensure long-term viability and success, I think it's important to develop a comprehensive strategy that aligns sustainability goals with the overall corporate purpose. Shari: Listening to Tim, I'm reminded of a story that was shared with me a few years ago, now. It was my colleague in an agricultural company. And, of course, the questions came to them about carbon footprint, "Are you measuring greenhouse gases, et cetera?" And, so, they started to do that measurement, the inventory, instituting their processes. And in doing that what they discovered is a huge waste of water because they were looking at how they produce and operate in a more holistic, as you say, totality. And, so, in trying to quantify and measure their carbon footprint they ended up changing their entire system of water and reduced it by a lot. So they ended up having gains, by extension, to new streams of information, that they hadn't been looking at before. Tim: It really is an exercise in navel-gazing, looking deep inside yourself, to actually do this stuff. And it's not an easy process, but that's a great example of where there are all kinds of benefits, well, and it's unintended benefits, from actually going through this process, and a lot of discovery takes place. You learn a lot about yourself. Adam: It really sounds like you can learn a lot. And I think you've kind of illustrated, my last question was going to be around, how does this framework play a crucial role in ensuring effective governance, and rules, and internal control systems. Especially, concerning sustainable business practices, and what you just displayed there, Shari, for us, was a great example of that. And if there are any other examples you guys can share, I think that would be really helpful, and encouraging as people are thinking about this and looking at it. Because it's inevitable that it will be affecting every organization. Shari: Yes, here's another example that I thought of, when you're getting more into the risk and the overall reasons, to think about sustainable business. But I do remember if you drive along highways now, how often do you see charging stations. In fact, I saw, not far from where I live, a former gas station had completely changed into an electric vehicle station. And I thought somebody else in that supply chain, if you create fuel pumps, you might want to think about changing that business model, and that's what the information can bring forward. Tim: Yes, earlier I had mentioned that notion of a robust, risk, and materiality assessment. And just adding on to what Shari was saying, I had a conversation not long ago with a tire manufacturer. So they were doing deep dives and taking it very seriously. But they started understanding things that were hugely important and material, they'd never thought about before. For example, when you drive down the road, your tread wears out of your tire. You don't think about, "Where does that rubber go?" Maybe it goes in the atmosphere, it goes on the street, it goes on the side of the road. And suddenly, wow, they're materiality mapping and that process is hugely dynamic. The risk assessment is dynamic, and I think people are looking for that dynamic approach to these kinds of things. You can be an energy company just delivering electricity for a municipality, and suddenly you start getting into solar panels. And, suddenly, "Wow, we got new risk, where are they sourced? Where is this stuff coming from? What does that supply chain look like?" So a lot of interesting things that actually pop out of going through this process. And a lot of it leads to much better decisions and also uncovering important things and cost savings, it's all there. Adam: Tim, Shari, do you have any final thoughts for our audience? Shari: Well, as we wrap up, I want to just bring it back to why the internal control, and the COSO framework, and that publication, in thinking about all these new types of activities and new types of information, that has risk associated with it. And there are business risks, but there are also risks in the information. For example, we talk about supply chain, so in order to account for Scope 1, not Scope 1 because that's your data. But Scope 2 and Scope 3, you, by definition, need to get information that doesn't come from your system that you're responsible for, it has to come from a third party. So there's risk in that information. So we need to think about other controls. We need to think about affiliates, or other investees, or companies that we outsource to, that we used to consider immaterial for financial reporting purposes, but now we need their information. Green Bonds, is another, where we're affirming to our lender that we are in compliance with certain ESG metrics and then they lower our interest rate, that's informational risk. We also have the risk of estimation and expectations, and how we measure prospective assumptions and leads to that kind of reporting. I think that's really huge because so much of sustainability reporting, including some of the mandatory disclosure requirements coming out of Europe, double materiality, impact accounting, it means estimating the future. That's what sustainability is all about. Do we have the resources made available to us in the future? Can we count on that? Are stakeholders willing to make those available? So, anyway, it goes to the question of estimating the future, which makes many, in traditional accounting, uncomfortable. They don't like to disclose and report on the future and our assumptions. But that's a necessary part of creating the measurement techniques in order to effectuate all these new demands, for reporting all these new KPIs. What I'm saying is that by following what we already know how to do, By leveraging the frameworks that we already have, it can highlight and help direct us address the innovative areas, the information, the use of digital technology, perhaps, to bring this about in a reliable way, and avoid the greenwashing that Tim has highlighted for us. Tim: Yes, I think the things that you talked about resonate with a lot of things we talked about earlier. Those things are all about long-term value creation. Shari: Agreed, absolutely. Tim: You got to be thinking about the future. And, also, one of the things that I see from the work you've done here and the internal controls of sustainability reporting. I think it's going to go a long way to helping with the notion of external assurance of this information. Because now we'll have internal controls in place that make some sense, that can be tested in and of themselves, it gives a lot more confidence in what's being reported. Because stakeholders are going to take some of this stuff with a grain of salt. Unless someone actually opines it, "Hey, wow, you know what they're telling you it seems accurate enough. It's doing what it's supposed to do." I think that's going to be a huge underpinning for the document we've been discussing here. Because I think it's going to go a long way to enabling that. And unless you have that third-party attestation, the trust may not be there until we get to that point. I don't know, that's just my prediction. Adam: Well, I appreciate you guys sharing your final thoughts and sharing all your insights with our audience, today. And thanks so much, again, for coming on the podcast. Shari: Thanks so much, Adam. Tim, it's been a pleasure. < Outro > Announcer: This has been Count Me In, IMA's podcast, providing you with the latest perspectives of thought leaders, from the accounting and finance profession. If you like what you heard and you'd like to be counted in for more relevant accounting in finance education, visit IMA's website at www.imainet.org.
In this episode, Albie is joined by Carolyn Deller, Assistant Professor at the Wharton School of Business at the University of Pennsylvania. Carolyn undertook her BCom Honours here at the University of Melbourne as well as working as a senior tutor and lecturer. She worked as a chartered accountant at KPMG before undertaking her doctoral studies at Harvard Business School, graduating in 2018. Carolyn has published her work in the field of management accounting and control in leading accounting and management journals, and recently received the award for the Best Early Career Researcher as judged by the Management Accounting section of the American Accounting Association, and in 2019 received the best dissertation award. Carolyn and Albie discuss Carolyn's career and the future of management accounting.
Barbara and Paul Gerhardt are the co-authors of CHOICE MATTERS. Born and raised in Chicago, they both attended the University of Colorado. Paul majored in political science and, after 3 years in the service, he served for thirty years as the executive director of the American Accounting Association. CHOICE MATTERS is his second book. Barbara worked in real estate and as a property manager. In addition she has written and illustrated two children's books. The Gerhardt's have lived in Sarasota for the past 39 years, during which time they have hashed and re-hashed the questions and concerns which provide the basis for CHOICE MATTERS. Their book seeks to stimulate thought and discussion on a myriad of issues and illustrate the importance of well thought-out, pragmatic choice in our personal and public lives.******************************************************************To listen to all our XZBN shows, with our compliments go to: https://www.spreaker.com/user/xzoneradiotv*** AND NOW ***The ‘X' Zone TV Channel on SimulTV - www.simultv.comThe ‘X' Chronicles Newspaper - www.xchroniclesnewpaper.com
Our guest for today's podcast is Aaron Yoon, Assistant Professor of Accounting & Information Management at Northwestern University. According to the Financial Times, his research on ESG was a turning point on how investors viewed and integrated ESG information and the methodologies suggested in his research have been widely implemented by asset owners and investment managers. He has presented his research to academics, regulators, and practitioners around the World and his work has been regularly cited in outlets such as Barron's, Bloomberg, Financial Times, Forbes, The New York Times, and The Wall Street Journal. He also received multiple awards for his research and teaching, including the Chair's Core Teaching Award from Kellogg, Crowell Prize for Best Paper in Quantitative Investing from PanAgora Asset Management, Best 40 Under 40 Professors Recognition from Poets & Quants, and the Best International Accounting Dissertation Award from the American Accounting Association. Professor Yoon earned his Doctor of Business Administration from Harvard University; he also earned his masters in Economics and bachelors in Economics and Mathematical Methods in the Social Sciences (MMSS) from Northwestern University. Prior to academia, he worked as an equities salestrader and research analyst at Credit Suisse, and also controlled air traffic in the 8th US Army as a Korean augmentee. Joining me on the podcast is Susan Oh, a 25+ year veteran and widely respected investment professional at the Pennsylvania Public School Employees' Retirement System (PSERS), who we featured on Episode 11 of our podcast. Susan is a Director and Head of ESG Research where she is responsible for strategic ESG initiatives across the total plan, leading sustainability research with a focus on culture and transformative innovation to create long term value for the plan. I was thrilled to have Susan join me as co-host for this podcast to interview Aaron. Without further ado, here is our conversation with Professor Aaron Yoon.
Barbara and Paul Gerhardt are the co-authors of CHOICE MATTERS. Born and raised in Chicago, they both attended the University of Colorado. Paul majored in political science and, after 3 years in the service, he served for thirty years as the executive director of the American Accounting Association. CHOICE MATTERS is his second book. Barbara worked in real estate and as a property manager. In addition she has written and illustrated two children's books. The Gerhardt's have lived in Sarasota for the past 39 years, during which time they have hashed and re-hashed the questions and concerns which provide the basis for CHOICE MATTERS. Their book seeks to stimulate thought and discussion on a myriad of issues and illustrate the importance of well thought-out, pragmatic choice in our personal and public lives. ****************************************************************** To listen to all our XZBN shows, with our compliments go to: https://www.spreaker.com/user/xzoneradiotv *** AND NOW *** The ‘X' Zone TV Channel on SimulTV - www.simultv.com The ‘X' Chronicles Newspaper - www.xchroniclesnewpaper.com
Barbara and Paul Gerhardt are the co-authors of CHOICE MATTERS. Born and raised in Chicago, they both attended the University of Colorado. Paul majored in political science and, after 3 years in the service, he served for thirty years as the executive director of the American Accounting Association. CHOICE MATTERS is his second book. Barbara worked in real estate and as a property manager. In addition she has written and illustrated two children's books. The Gerhardt's have lived in Sarasota for the past 39 years, during which time they have hashed and re-hashed the questions and concerns which provide the basis for CHOICE MATTERS. Their book seeks to stimulate thought and discussion on a myriad of issues and illustrate the importance of well thought-out, pragmatic choice in our personal and public lives.******************************************************************To listen to all our XZBN shows, with our compliments go to: https://www.spreaker.com/user/xzoneradiotv*** AND NOW ***The ‘X' Zone TV Channel on SimulTV - www.simultv.comThe ‘X' Chronicles Newspaper - www.xchroniclesnewpaper.com
Barbara and Paul Gerhardt are the co-authors of CHOICE MATTERS. Born and raised in Chicago, they both attended the University of Colorado. Paul majored in political science and, after 3 years in the service, he served for thirty years as the executive director of the American Accounting Association. CHOICE MATTERS is his second book. Barbara worked in real estate and as a property manager. In addition she has written and illustrated two children's books. The Gerhardt's have lived in Sarasota for the past 39 years, during which time they have hashed and re-hashed the questions and concerns which provide the basis for CHOICE MATTERS. Their book seeks to stimulate thought and discussion on a myriad of issues and illustrate the importance of well thought-out, pragmatic choice in our personal and public lives. ****************************************************************** To listen to all our XZBN shows, with our compliments go to: https://www.spreaker.com/user/xzoneradiotv *** AND NOW *** The ‘X' Zone TV Channel on SimulTV - www.simultv.com The ‘X' Chronicles Newspaper - www.xchroniclesnewpaper.com
In this episode, Hall welcomes Albert Meyer, Founder & Chief Investment Officer at Bastiat Capital. Headquartered in Plano, Texas, and established in 2006, Bastiat Capital is an asset management firm directing a concentrated and conservative large-cap equity portfolio. They apply unparalleled forensic accounting expertise, human insight and rich company-specific research as they seek to outperform the S&P 500 Total Return while mitigating downside risk. Albert is a veteran investment manager and forensic accountant who received global attention for uncovering one of the largest Ponzi schemes in U.S. history, the “Foundation for New Era Philanthropy”. He published the research report on Tyco that ultimately led to the prosecution and imprisonment of Dennis Kozlowski. He has also uncovered noteworthy accounting irregularities at Enron, Lucent and Coca-Cola. His work on Coca-Cola and eBay became the basis of several Harvard Business School case studies. Albert launched his career in corporate accounting with Deloitte & Touche, then dedicated 15 years to teaching accounting in academia. In 1996, he began applying his forensic accounting expertise to investment management on a professional basis, first at Martin Capital Management, and later with David Tice & Associates, and with Clark Hunt (current CEO of the Kansas City Chiefs) and the Hunt family office in Dallas, Texas. In 2002, Albert established an investment research business school named 2nd Opinion Research and in 2005, he received the American Accounting Association’s highest honor, the Accounting Exemplar Award (previously awarded to former SEC commissioner Arthur Levitt), in recognition of his many contributions to the field of accounting. Albert is a Chartered Accountant (the British Commonwealth equivalent of a CPA) and a Certified Public Accountant. He is a regular contributor to national financial media on investing and accounting topics. He and his wife Melenie reside in Plano, Texas near their three sons and their spouses, as well as six grandchildren. Albert shares with Hall what excites him right now in the industry, some of the challenges he sees investors facing in today's economy, and his company's thesis. He suggests some immediate opportunities for investors to pursue and those to avoid. Albert concludes the interview with his very detailed opinion on the benefits of the S&P 500 vs. Social Security. You can visit Bastiat Capital at , and via LinkedIn at . Albert can be contacted via email at .
Welcome to the 5th episode of the podcast. I am joined by a very very special guest, Mark W. Nelson, The Dean at Cornell University’s School of Business.Mark W. Nelson is the Anne and Elmer Lindseth Dean and Professor of Accounting at the Samuel Curtis Johnson Graduate School of Management in Cornell’s SC Johnson College of Business. He received his BBA degree from Iowa State University and his MA and PhD degrees from The Ohio State University.Dean Nelson is responsible for Johnson’s three residential MBA programs, four Executive MBA programs, and two MPS programs. In that role, he oversees the research and teaching of Johnson’s faculty and the activities of Johnson’s staff in both Ithaca and New York City, as well as partnerships with Queens University, Tsinghua University, Weill Cornell Medicine and Cornell Tech. Dean Nelson also serves on the leadership team of the Cornell SC Johnson College of Business, and has responsibilities relevant to the overall activities of the College as well as to various research centers and institutes.Dean Nelson’s teaching has focused on intermediate financial accounting and financial reporting, as well as judgment and decision making in accounting. He has received ten teaching awards at Cornell and Ohio State, including the American Accounting Association’s inaugural Cook Prize for graduate teaching excellence. He is a coauthor (with Spiceland and Thomas) of Intermediate Accounting.Dean Nelson’s research examines psychological and economic factors that influence how people make decisions with financial information; interpret and apply accounting, auditing, and tax regulations; and trade in financial markets. His research has been published widely in accounting and psychology, and has been acknowledged with the AAA's Notable Contribution to Accounting Literature Award, the AAA’s Wildman Medal, AJPT’s inaugural Best Paper Award, and the Johnson School's Faculty Research Award.Dean Nelson’s external service includes three terms as an editor of the Accounting Review and four years on the FASB’s Financial Accounting Standards Advisory Council.
This episode is a full circle moment for me in training about Work Cultures. I interviewed my former professor, Dr Yusuf Ugras, Ph.D who is faculty with the MBA program at La Salle University Philadelphia and has consulted for several multinational organizations and educational institutions on working professionals and international audiences. Dr. Ugras brings over 30 years of academic experience. He has made presentations at various conferences including UPCEA, AACSB International, Mid Atlantic Association of Colleges of Business Administration (MAACBA), American Accounting Association, European Management Accounting Conference, Management Accounting Research Symposia, and Philadelphia Controllers Conference. He has also provided assistance to several universities in improving their adult, and graduate programming. He has served as President of the American Accounting Association – Mid-Atlantic Region, as well as several positions with the Institute of Management Accountants. Most recently, he has served in the leadership positions with University Professional Continuing Education Association and American International Recruitment Council. Dr U! As we fondly call him discusses how to adapt to foreign cultures. Because you are most likely to encounter people from that culture. He reminds us that with globalization and international companies having teams around the world, you don't have to travel to another country to experience their culture but interacting with your coworkers who comes from a foreign culture is another way to experience that culture and how that can improve your productivity
Artificial intelligence. Blockchain. Cryptocurrency. RPA. Chances are, you’ve heard the terms and concepts, but what does it all mean? And what does it all mean for the accounting industry? Host Hugh Duffy talks with Dr. Sean Stein Smith, assistant professor of Accounting at Lehman College, about what is happening in this area and what you need to know. Tune in for a deep dive on how the Big Four are using these applications, how the small firm practitioner can keep pace, and how the U.S. is stacking up in this area compared to other countries. Join us for this engaging and important conversation. ! Dr. Sean Stein Smith - DBA, CPA, CMA, CGMA, CFE | Twitter Dr. Sean Stein Smith is an assistant professor of Accounting in the Economics and Business Department at Lehman College. His research includes blockchain applications, cryptoassets – including but not limited to decentralized cryptocurrencies, stablecoins, and other blockchain-related applications. Additional areas of focus include robotic process automation and its impact on accounting, as well as how integrated financial reporting can change disclosure and reporting at various organizations. He has presented his work at dozens of national and international conferences, both practitioner and scholarly in nature, including the Annual Conference of the American Accounting Association on multiple occasions. Sean also serves on the Advisory Board of the Wall Street Blockchain Alliance, where he also leads the Accounting Working Group, focusing on the creation and dissemination of thought leadership connected to the blockchain and financial services space. He is also the chairperson on the New Jersey Society of CPAs Emerging Technology Interest Group, spearheading efforts and initiatives to more effectively integrate emerging technology tools into practice. Bringing this expertise to Lehman, and in addition to serving as a faculty liaison to the Freshman Year Initiative, Sean is in the process of developing a blockchain certificate project in conjunction with the School of Continuing Education and Professional Studies. Sean will be serving as the E.C. Harwood Visiting Research Fellow at the American Institute for Economic Research during 2019, and has had books published, or that are in the publication process, at Taylor and Francis, Springer, and Palgrave-MacMillan. Accounting Marketing Doesn't Suck is produced by Build Your Firm, leaders of marketing for accountants. Questions or Feedback? Email us at podcast@amds.us
On this episode, we’re joined by Dr. John Thornton. John is the L.P. and Bobbi Leung Chair of Accounting Ethics at Azusa Pacific University’s L.P. and Timothy Leung School of Accounting. He hosts the soon-to-launch Getting Rich Right podcast (gettingrichright.com) with Moody’s Gary Chapman Team, and is the author of Jesus’ Terrible Financial Advice: Flipping the Tables on Peace, Prosperity, and the Pursuit of Happiness (Moody Publishers 2017). A CPA with a PhD in accounting, John has served as Chair of the American Accounting Association’s Public Interest Section, and Chair of the AAA’s Professionalism and Ethics Committee. His research on auditor independence, auditor litigation, and ethical whistle-blowing has been published in top academic journals, including Accounting, Organizations & Society, Advances in the Public Interest, Research on Professional Responsibility and Ethics in Accounting, and Managerial Auditing Journal. John’s TEDx Talk, “Flipping Rich,” is one of several innovative ways he encourages people to handle wealth with integrity. www.FlippingRich.com Christianity in Business is the show that helps Christian business leaders to integrate biblical values into business. | Entrepreneurship | Marketing | Nonprofit | Church | Author | Startups | Marketplace | Ministry | Business as Mission | Faith and Work | Faith | Success | Leadership | www.ChristianityInBusiness.com
Link to their book, "Data Analytics for Accounting": https://www.mheducation.com/highered/product/data-analytics-accounting-richardson-terrell/M9781260375190.html Vernon J. Richardson is Distinguished Professor of Accounting and the Glezen Chair in the Sam M. Walton College of Business at the University of Arkansas. He served as Accounting department chair. He is also a visiting professor at the International Business School Suzhou, Xi'an Jiaotong Liverpool University. He received his BS, MACC, and MBA from Brigham Young University and a PhD in accounting from the University of Illinois at Urbana-Champaign. He has taught students at the University of Arkansas, University of Illinois, Brigham Young University, Aarhus University, University of Kansas, Xi'an Jiaotong Liverpool University and the China Europe International Business School. Katie Terrell is an instructor in the Sam M. Walton College of Business at the University of Arkansas. She received her BA degrees in English literature and in the Spanish language from the University of Central Arkansas and her MBA from the University of Arkansas. Katie has taught at universities around the world and is a member of the American Accounting Association.
ParentingAces - The Junior Tennis and College Tennis Podcast
Mark Young started playing tennis as a junior in Australia training under relatively strict conditions. When his dad came home one day and announced he was moving the family to the US, the captain of the local high school team took Mark under his wing and helped him develop into a very proficient college player at Oberlin College, a top D3 program in Ohio. Fast-forward many years where Mark and his wife joined the faculty of USC in Southern California as part of the accounting department. Anyone who is familiar with USC sports will understand how Mark quickly became one of the tennis team's biggest supporters and fans, so much so that he decided to write an entire book chronicling the history of this great program, TROJAN TENNIS. In this week's episode, Mark discusses his connection to the USC Trojan Men's Tennis Team and why he felt it important to document its story. He did extensive research in USC's Doheny Library, called and emailed a variety of past USC players, and spent an incredible amount of time interviewing current and past coaches. The result is a comprehensive history of one of the greatest - and winningest - college tennis programs in US history. There are so many lessons to learn from Mark's book and from this week's podcast! Please listen and share with your junior players! You can purchase TROJAN TENNIS online here. Read more about Mark in his bio: Dr. S. Mark Young holds the George Bozanic and Holman G. Hurt Chair in Sports and Entertainment Business at the University of Southern California. Dr. Young is also a Professor of Accounting in the Leventhal School of Accounting and holds joint appointments as Professor of Management and Organization in the Marshall School of Business, and Professor of Communication and Journalism in the Annenberg School of Communication. He is also a Distinguished Visiting Professor at Peking University. Previously, Young served as the Associate Dean of the Marshall MBA Program. He is also a New York Times and Los Angeles Times Bestselling Author. Professor Young received an A.B. from Oberlin College (Economics), an M. Acc. from the Ohio State University, and a Ph.D. (Accounting) from the University of Pittsburgh. His research interests are in the areas of management accounting and control, the business of the creative industries, and the sociology of collecting and futurism. His book (coauthored with Pinsky, The Mirror Effect: How Celebrity Narcissism is Seducing America, (Harper Collins, 2009), is an analysis of how celebrity acting out behavior is having a profoundly negative impact on today’s youth and our society. This book was on both the New York Times and LA Times Best Selling Lists. Within the Marshall School of Business, Mark developed the Business of the Creative Industries concentration, an academic program in which MBA students can learn about the business side of the motion picture, television, music and games industries. Young teaches the core course in the program, “Management and Organization of the Creative Industries.” Within management accounting he has published over 40 articles that focus on how the design of management accounting and control systems influences human behavior and performance in a wide variety of organizational contexts. In 2006, his book Implementing Management Innovations: Lessons Learned from Activity Based Manufacturing in the U.S. Automobile Industry (co-authored with Shannon Anderson, Kluwer Academic Press) won the Notable Contribution to the Management Accounting Literature Award from the American Accounting Association – the highest research award given in academic accounting. He has coauthored the text, Management Accounting, Information for Decision Making and Strategy Execution (6th Edition, Pearson Prentice-Hall, 2012) with Robert Kaplan (Harvard), Anthony Atkinson (Wilfred Laurier) and Ella Mae Matsumura (Wisconsin), and the associated book, Readings in Management Accounting (6th Edition; Pearson, Prentice-Hall, 2012). A former Division 3 tennis player and life long enthusiast, Mark also serves as the team historian for USC Men’s Tennis team. He also serves as Chair of the Oversight Committee for Athletic Academic Affairs – the committee that oversees the academic side of all USC athletes. Mark’s book, Trojan Tennis – A History of the Storied Men’s Tennis Team at the University of Southern California was published in 2018. This book documents the USC Trojans – the winningest men’s tennis program in U.S. collegiate tennis history. Dr. Young has won several outstanding teaching awards at the undergraduate and graduate levels, including the Golden Apple Teaching Award at USC, the Mellon Mentoring Award (twice for working with Ph.D. students) and the Jim Bulloch Award for Innovations in Management Accounting Education given by the American Accounting Association. Young is also a Distinguished Fellow at the Center for Teaching Excellence at USC. He has also taught in senior executive programs including the Global EMBA in Shanghai. Young is currently a member of the Board of Governors of Fremont College and served as a Board Member for StoriedLearning.Com. He has consulted and conducted research with Warner Brothers, Chrysler, GM, StorageTek, Texas Instruments, and the California Medical Association. Mark comments regularly in the business and entertainment presses and has appeared on BBC’s Newsday, CNN’s The Situation Room, Showbiz Tonight, The View, The Howard Stern Show, Fox & Friends, ABC News, Fox Business Channel, the KTLA Morning News, and the Fox Strategy Room, and has been interviewed by The Economist, Financial Times, Laura Ingraham, the BBC, the New York Times, The Guardian, the LA Times, National Public Radio, Marketplace, The London Times, Scientific American Mind, the Associated Press, Newsweek, People Magazine, Premiere Magazine, Woman’s Wear Daily and Bloomberg BusinessWeek. Thank you to STØNE for our music! You can find more of his music at SoundCloud.com/stonemuzic If you’re so inclined, please share this – and all our episodes! – with your tennis community. You can subscribe to the podcast on iTunes or via the ParentingAces website.
As we each make the journey on our individual path to success, there are always educators, mentors and leaders that influence our decisions and push us to the next level. Joining us today is Ben Ayers, who, in his role as Dean of the Terry College of Business at the University of Georgia, has managed to be all three to thousands of students as they make the transition to the next big stage of their lives. Dean Ayers did not initially plan to pursue a career in academia, but rather started as a tax manager at KPMG before returning back to school to obtain his PhD. He shares with us the values, guidance, and passion that led him to switch paths and start a new career at the University of Georgia. Dean Ayers is one of only two professors to be awarded both the American Taxation Association's Outstanding Manuscript Award and the American Accounting Association's Competitive Manuscript Award, demonstrating the expertise in the financial service industry that has shaped his success in leading the business school. On today's episode, Dean Ayers uses his story and experiences to inspire others to follow their passions and constantly strive to improve as a leader. We hope you enjoy the show. Resources: Dean Bean Ayers: https://goo.gl/f8sZd4 Terry College of Business: https://goo.gl/zk3JiR
Melissa Lewis-Western, assistant professor of accounting at the Eccles School, recently returned from the Western Region Meeting of the American Accounting Association. There, she was honored with an award for best paper. Her paper, “Competing reporting objectives and financial reporting quality” that she co-wrote with Adrienna Huffman, beat out more than 80 papers to win the top honor.
"Financial executives and members of the academic community are brought together in an event sponsored by Accounting Review, the American Accounting Association, Financial Executives International, the Stan Ross School of Accountancy at Baruch College, and the Robert Zicklin Center for Corporate Integrity. The event is introduced by accountancy department chair Masako Darrough. [Video 1] The Stan Ross Department of Accountancy prize for outstanding academic contribution to practice is presented to Baruch Lev of New York University and Doron Nissim of Columbia University in the amount of $5000 for their paper, “Taxable Income, Future Earnings, and Equity Values.” Professors Lev and Nissin present their paper. Staff members of the Financial Executives Research Foundation (FERF), and Financial Executives International (FEI) selected the best paper from those published in Accounting Review during 2004 in terms of practical application and relevance to current issues in finance. Other speakers include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Dan Dhaliwal, Editor at the Accounting Review and Professor at the University of Arizona; John Elliott, Dean, Zicklin School of Business and Professor of Accountancy at Baruch College; and Judy Rayburn, President of the American Accounting Association and Professor at the University of Minnesota. [Video 2] Practical business applications of the winning paper are discussed in a panel format. The panel moderator is Hugo Nurnberg, Professor of Accounting at Baruch. Panelists include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Halsey Bullen, Senior Project Manager, Financial Accounting Standards Board (FASB); Mike Gaynor, Professional Accounting Fellow in the office of the Chief Accountant at the Securities and Exchange Commission (SEC); Norman Strauss, Ernst & Young Executive Professor in Residence at Baruch College; and Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc. [Video 3] Section 404 of the Sarbanes-Oxley Act is discussed terms of implementation and sustainability. Colleen Cunningham, President and CEO, Financial Executives International serves as the moderator of a panel discussion. Panelsts include: Robert Colson, Grant Thornton LLP; Daniel L. Goelzer, Board Member, Public Company Accounting Oversight Board (PCAOB); Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc.; Steven B. Lilien, director of the Robert Zicklin Center for Corporate Integrity, Juliana Maglathlin, Director, Financial projects, Lockheed Martin Corporation; Sarah McVay, Assistant Professor of Accounting at New York University; John Milliski, E. I. du Pont de Nemours and Company; Jorge Milo, PricewaterhouseCoopers LLP; and Lou Thompson, President & CEO, National Investor Relations Institute (NIRI)."
"Financial executives and members of the academic community are brought together in an event sponsored by Accounting Review, the American Accounting Association, Financial Executives International, the Stan Ross School of Accountancy at Baruch College, and the Robert Zicklin Center for Corporate Integrity. The event is introduced by accountancy department chair Masako Darrough. [Video 1] The Stan Ross Department of Accountancy prize for outstanding academic contribution to practice is presented to Baruch Lev of New York University and Doron Nissim of Columbia University in the amount of $5000 for their paper, “Taxable Income, Future Earnings, and Equity Values.” Professors Lev and Nissin present their paper. Staff members of the Financial Executives Research Foundation (FERF), and Financial Executives International (FEI) selected the best paper from those published in Accounting Review during 2004 in terms of practical application and relevance to current issues in finance. Other speakers include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Dan Dhaliwal, Editor at the Accounting Review and Professor at the University of Arizona; John Elliott, Dean, Zicklin School of Business and Professor of Accountancy at Baruch College; and Judy Rayburn, President of the American Accounting Association and Professor at the University of Minnesota. [Video 2] Practical business applications of the winning paper are discussed in a panel format. The panel moderator is Hugo Nurnberg, Professor of Accounting at Baruch. Panelists include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Halsey Bullen, Senior Project Manager, Financial Accounting Standards Board (FASB); Mike Gaynor, Professional Accounting Fellow in the office of the Chief Accountant at the Securities and Exchange Commission (SEC); Norman Strauss, Ernst & Young Executive Professor in Residence at Baruch College; and Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc. [Video 3] Section 404 of the Sarbanes-Oxley Act is discussed terms of implementation and sustainability. Colleen Cunningham, President and CEO, Financial Executives International serves as the moderator of a panel discussion. Panelsts include: Robert Colson, Grant Thornton LLP; Daniel L. Goelzer, Board Member, Public Company Accounting Oversight Board (PCAOB); Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc.; Steven B. Lilien, director of the Robert Zicklin Center for Corporate Integrity, Juliana Maglathlin, Director, Financial projects, Lockheed Martin Corporation; Sarah McVay, Assistant Professor of Accounting at New York University; John Milliski, E. I. du Pont de Nemours and Company; Jorge Milo, PricewaterhouseCoopers LLP; and Lou Thompson, President & CEO, National Investor Relations Institute (NIRI)."
"Financial executives and members of the academic community are brought together in an event sponsored by Accounting Review, the American Accounting Association, Financial Executives International, the Stan Ross School of Accountancy at Baruch College, and the Robert Zicklin Center for Corporate Integrity. The event is introduced by accountancy department chair Masako Darrough. [Video 1] The Stan Ross Department of Accountancy prize for outstanding academic contribution to practice is presented to Baruch Lev of New York University and Doron Nissim of Columbia University in the amount of $5000 for their paper, “Taxable Income, Future Earnings, and Equity Values.” Professors Lev and Nissin present their paper. Staff members of the Financial Executives Research Foundation (FERF), and Financial Executives International (FEI) selected the best paper from those published in Accounting Review during 2004 in terms of practical application and relevance to current issues in finance. Other speakers include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Dan Dhaliwal, Editor at the Accounting Review and Professor at the University of Arizona; John Elliott, Dean, Zicklin School of Business and Professor of Accountancy at Baruch College; and Judy Rayburn, President of the American Accounting Association and Professor at the University of Minnesota. [Video 2] Practical business applications of the winning paper are discussed in a panel format. The panel moderator is Hugo Nurnberg, Professor of Accounting at Baruch. Panelists include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Halsey Bullen, Senior Project Manager, Financial Accounting Standards Board (FASB); Mike Gaynor, Professional Accounting Fellow in the office of the Chief Accountant at the Securities and Exchange Commission (SEC); Norman Strauss, Ernst & Young Executive Professor in Residence at Baruch College; and Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc. [Video 3] Section 404 of the Sarbanes-Oxley Act is discussed terms of implementation and sustainability. Colleen Cunningham, President and CEO, Financial Executives International serves as the moderator of a panel discussion. Panelsts include: Robert Colson, Grant Thornton LLP; Daniel L. Goelzer, Board Member, Public Company Accounting Oversight Board (PCAOB); Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc.; Steven B. Lilien, director of the Robert Zicklin Center for Corporate Integrity, Juliana Maglathlin, Director, Financial projects, Lockheed Martin Corporation; Sarah McVay, Assistant Professor of Accounting at New York University; John Milliski, E. I. du Pont de Nemours and Company; Jorge Milo, PricewaterhouseCoopers LLP; and Lou Thompson, President & CEO, National Investor Relations Institute (NIRI)."
"Financial executives and members of the academic community are brought together in an event sponsored by Accounting Review, the American Accounting Association, Financial Executives International, the Stan Ross School of Accountancy at Baruch College, and the Robert Zicklin Center for Corporate Integrity. The event is introduced by accountancy department chair Masako Darrough. [Video 1] The Stan Ross Department of Accountancy prize for outstanding academic contribution to practice is presented to Baruch Lev of New York University and Doron Nissim of Columbia University in the amount of $5000 for their paper, “Taxable Income, Future Earnings, and Equity Values.” Professors Lev and Nissin present their paper. Staff members of the Financial Executives Research Foundation (FERF), and Financial Executives International (FEI) selected the best paper from those published in Accounting Review during 2004 in terms of practical application and relevance to current issues in finance. Other speakers include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Dan Dhaliwal, Editor at the Accounting Review and Professor at the University of Arizona; John Elliott, Dean, Zicklin School of Business and Professor of Accountancy at Baruch College; and Judy Rayburn, President of the American Accounting Association and Professor at the University of Minnesota. [Video 2] Practical business applications of the winning paper are discussed in a panel format. The panel moderator is Hugo Nurnberg, Professor of Accounting at Baruch. Panelists include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Halsey Bullen, Senior Project Manager, Financial Accounting Standards Board (FASB); Mike Gaynor, Professional Accounting Fellow in the office of the Chief Accountant at the Securities and Exchange Commission (SEC); Norman Strauss, Ernst & Young Executive Professor in Residence at Baruch College; and Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc. [Video 3] Section 404 of the Sarbanes-Oxley Act is discussed terms of implementation and sustainability. Colleen Cunningham, President and CEO, Financial Executives International serves as the moderator of a panel discussion. Panelsts include: Robert Colson, Grant Thornton LLP; Daniel L. Goelzer, Board Member, Public Company Accounting Oversight Board (PCAOB); Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc.; Steven B. Lilien, director of the Robert Zicklin Center for Corporate Integrity, Juliana Maglathlin, Director, Financial projects, Lockheed Martin Corporation; Sarah McVay, Assistant Professor of Accounting at New York University; John Milliski, E. I. du Pont de Nemours and Company; Jorge Milo, PricewaterhouseCoopers LLP; and Lou Thompson, President & CEO, National Investor Relations Institute (NIRI)."
"Financial executives and members of the academic community are brought together in an event sponsored by Accounting Review, the American Accounting Association, Financial Executives International, the Stan Ross School of Accountancy at Baruch College, and the Robert Zicklin Center for Corporate Integrity. The event is introduced by accountancy department chair Masako Darrough. [Video 1] The Stan Ross Department of Accountancy prize for outstanding academic contribution to practice is presented to Baruch Lev of New York University and Doron Nissim of Columbia University in the amount of $5000 for their paper, “Taxable Income, Future Earnings, and Equity Values.” Professors Lev and Nissin present their paper. Staff members of the Financial Executives Research Foundation (FERF), and Financial Executives International (FEI) selected the best paper from those published in Accounting Review during 2004 in terms of practical application and relevance to current issues in finance. Other speakers include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Dan Dhaliwal, Editor at the Accounting Review and Professor at the University of Arizona; John Elliott, Dean, Zicklin School of Business and Professor of Accountancy at Baruch College; and Judy Rayburn, President of the American Accounting Association and Professor at the University of Minnesota. [Video 2] Practical business applications of the winning paper are discussed in a panel format. The panel moderator is Hugo Nurnberg, Professor of Accounting at Baruch. Panelists include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Halsey Bullen, Senior Project Manager, Financial Accounting Standards Board (FASB); Mike Gaynor, Professional Accounting Fellow in the office of the Chief Accountant at the Securities and Exchange Commission (SEC); Norman Strauss, Ernst & Young Executive Professor in Residence at Baruch College; and Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc. [Video 3] Section 404 of the Sarbanes-Oxley Act is discussed terms of implementation and sustainability. Colleen Cunningham, President and CEO, Financial Executives International serves as the moderator of a panel discussion. Panelsts include: Robert Colson, Grant Thornton LLP; Daniel L. Goelzer, Board Member, Public Company Accounting Oversight Board (PCAOB); Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc.; Steven B. Lilien, director of the Robert Zicklin Center for Corporate Integrity, Juliana Maglathlin, Director, Financial projects, Lockheed Martin Corporation; Sarah McVay, Assistant Professor of Accounting at New York University; John Milliski, E. I. du Pont de Nemours and Company; Jorge Milo, PricewaterhouseCoopers LLP; and Lou Thompson, President & CEO, National Investor Relations Institute (NIRI)."
"Financial executives and members of the academic community are brought together in an event sponsored by Accounting Review, the American Accounting Association, Financial Executives International, the Stan Ross School of Accountancy at Baruch College, and the Robert Zicklin Center for Corporate Integrity. The event is introduced by accountancy department chair Masako Darrough. [Video 1] The Stan Ross Department of Accountancy prize for outstanding academic contribution to practice is presented to Baruch Lev of New York University and Doron Nissim of Columbia University in the amount of $5000 for their paper, “Taxable Income, Future Earnings, and Equity Values.” Professors Lev and Nissin present their paper. Staff members of the Financial Executives Research Foundation (FERF), and Financial Executives International (FEI) selected the best paper from those published in Accounting Review during 2004 in terms of practical application and relevance to current issues in finance. Other speakers include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Dan Dhaliwal, Editor at the Accounting Review and Professor at the University of Arizona; John Elliott, Dean, Zicklin School of Business and Professor of Accountancy at Baruch College; and Judy Rayburn, President of the American Accounting Association and Professor at the University of Minnesota. [Video 2] Practical business applications of the winning paper are discussed in a panel format. The panel moderator is Hugo Nurnberg, Professor of Accounting at Baruch. Panelists include: Raj Aggarwal, FERF trustee and Firestone Chair in Finance at Kent State University; Halsey Bullen, Senior Project Manager, Financial Accounting Standards Board (FASB); Mike Gaynor, Professional Accounting Fellow in the office of the Chief Accountant at the Securities and Exchange Commission (SEC); Norman Strauss, Ernst & Young Executive Professor in Residence at Baruch College; and Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc. [Video 3] Section 404 of the Sarbanes-Oxley Act is discussed terms of implementation and sustainability. Colleen Cunningham, President and CEO, Financial Executives International serves as the moderator of a panel discussion. Panelsts include: Robert Colson, Grant Thornton LLP; Daniel L. Goelzer, Board Member, Public Company Accounting Oversight Board (PCAOB); Greg Jonas, Managing Director of the Accounting Specialist Group at Moody's Inc.; Steven B. Lilien, director of the Robert Zicklin Center for Corporate Integrity, Juliana Maglathlin, Director, Financial projects, Lockheed Martin Corporation; Sarah McVay, Assistant Professor of Accounting at New York University; John Milliski, E. I. du Pont de Nemours and Company; Jorge Milo, PricewaterhouseCoopers LLP; and Lou Thompson, President & CEO, National Investor Relations Institute (NIRI)."
SERGE MATULICH Dr. Serge Matulich is Professor Emeritus of Accounting at Rollins College in Winter Park, Florida. He earned his BS in Accounting from California State University at Sacramento and his doctorate from the University of California at Berkeley. He is licensed in Florida as a Certified Public Accountant. He is a member of the American Institute of Certified Public Accountants, American Accounting Association, World Future Society, and Fulbright Association. Prior to coming to Florida in 1984 Dr. Matulich held teaching positions at Indiana University and Texas Christian University. He held visiting positions at University of California at Berkley and University of Texas at Denton, and was a Fulbright Fellow at the University of Pula in Croatia. Dr. Matulich taught at the Crummer Graduate School of Business, Rollins College, in Winter Park, Florida for 18 years and retired in 2001. He has received awards for teaching excellence, service, and scholarship. Dr. Matulich is author of several textbooks and numerous publications in academic and trade journals. He has served as director of public and private corporations, and currently is a director and treasurer of the Mid Florida Chapter Fulbright Association. DAVID M. CURRIE David M. Currie is Professor of Finance and Economics at the Crummer Graduate School of Business, Rollins College, Winter Park, Florida. He has won awards from national organizations for teaching innovations and from students for the quality of the educational experience. After receiving an undergraduate degree from the University of Florida, Dr. Currie attended the University of Southern California, where he received a PhD. Dr. Currie has published articles and cases in the fields of finance, international education, business management and ethics. He has been a visiting professor at Groupe HEC in France and a Fulbright Scholar in Croatia. Dr. Currie has been an elected official, co-owner of a chain of retail perfume stores, and an examiner for the Georgia Oglethorpe Award Process.