Center for Accounting Education and Practice (CAEP)
Director, Michael Eames, Ph.D.
Leavey School of Business
Santa Clara University
Santa Clara, CA 95053
The Center for Accounting Education and Practice manages and expands relationships between the Accounting Department, its students, and its external constituents. One of the Center's responsibilities is to sponsor or co-sponsor seminars on contemporary issues of interest to our students and our external constituents. SCU alumni are invited to attend all events. If you are interested in attending, please contact the Director.
•2006-2007 Accounting Seminars (links to summary and downloadable pdf)
•2005-2006 Accounting Seminars (links to summary and downloadable pdf)
•2004-2005 Accounting Seminars (links to summary and downloadable pdf)
•2003-2004 Accounting Seminars (links to summary and dowloadable pdf)
•The WorldCom Story: Navigating the Storm" Cynthia Cooper (pdf opens in new window)
2006-2007 Accounting Seminar
(download pdf here/ opens in new window
Public Accounting: What's in it for you?
Williman Room, 3:30-5:00 PM
Stan Anders, Managing Partner for KPMG's Silicon Valley Office, will offer insight into the myriad of opportunities and what has engaged and excited him during his 34-year career within the Big Four and as CFO for three tech companies. This is your chance to get an insider's view of public accounting and practical suggestions for accelerating your career.
Business Valuation: How and Why Valuations Get Prepared?
Mission Room, 3:30-5:00 PM
More and more accountants and auditors are faced with the prospect of understanding sophisticated business valuation analyses prepared in connection with the requirement to present Fair Valuation information. This can be a tall order for someone that has little or no experience in the business valuation field.
Michael C. Knowles, Partner, Frank, Rimerman & Co., LLP, in charge of the Services to Business Division, will talk about the field of business valuation, how and why valuations get prepared, and will use a case-study approach to discuss some of the basics of business valuation concepts and practices.
Best Practices in Performance Management Systems and Techniques: Dashboards, Scorecards and Beyond
Daily Science 207, 3:30-5:00 PM
Scorecards and dashboards are means of providing information to protect the assets of the corporation, ensure there is enough cash to sustain the business and provide timely and accurate information to make sound business decisions. As a financial leader, Jeff Osorio, will share his experiences with these tools and his practical and get-it-done approaches to Corporate Finance.
Securities and Exchange Commission: Enforcement Division Overview and Recent Enforcement Development
Williman Room, 3:30-5:00 PM
Michael A. Fortunato, Staff Accountant in the San Francisco District Office of the United States Securities and Exchange Commission, Division of Enforcement, will talk about the SEC's overall mission, divisional roles and responsibilities, types of enforcement cases, a day in the life of an SEC accountant, the stock option backdating scandals and recently filed cases.
(download pdf here/ opens in new window)
Panel on Stock Option Accounting
Williman Room, 3:30-5:00 PM
Ashima Jain, Director in Transaction Services (mergers and acquisitions, joint ventures, stock compensation transactions) for PwC,
Mary Ziegler, Director of Compensation for Applied Materials
Brian Kreischer, Partner, Frank, Rimerman and Co LLP
Jay Richard, Compensation Analyst and Consultant, J. Richard and Co.
The discussion will cover the new standards, complex issues in valuation of options, the corporate perspective on the new rules, and changes in compensation practices emerging in the wake of the accounting changes.
Financial Fraud and Forensic Accounting - Lessons from the Field
Williman Room, 3:30-5:00 PM
Jamie Jue, Manager, Forensic Accounting Practice, KPMG, San Francisco. Jamie has 7 years of experience in fraud risk management and internal investigations for clients, including clients in financial services, consumer markets, energy, electronics and software, and has assisted audit teams on fraud assessment. Jamie holds a Ph.D. in Economics and is a contributor to a forthcoming KPMG white paper on Anti-Fraud Programs and Controls.
Jamie will discuss forensic techniques, war stories from his personal experience and opportunities for students in the growing forensic accounting field.
Current Issues in International Accounting and Standards Setting
Mission Room, Benson Center
Professor Mary E Barth is Atholl McBean Professor of Accounting and Senior Associate Dean for Academic Affairs at the Stanford University, Graduate School of Business, and a member of the International Accounting Standards Board since January 2001.
Professor Barth has been active in accounting standard-setting activities for many years, having served as a member of the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants, the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board, and the Financial Instruments Task Force of the Financial Accounting Standards Board. She has also been active in the American Accounting Association, having served as Vice-President and as Chair of several committees, including two with a standard-setting focus. Before joining the faculty at Stanford in 1995, she was an Associate Professor at Harvard Business School and an audit partner in Arthur Andersen & Co. Professor Barth is a Certified Public Accountant and holds an AB from Cornell University, an MBA from Boston University, and a PhD from Stanford University.
Doing Right While Doing Good: Auditing, Accounting and Control Issues in the Non-Profit Sector
Kristine (“Tina”) Caratan is an accounting alumna of Santa Clara University, and is currently a business assurance partner at Moss Adams LLP-San Francisco. Tina is the firm’s Northern California Not-for-Profit niche leader. Prior to rejoining Moss Adams, she was the audit partner at two local San Francisco-based CPA firms. Amongst her various civic and professional activities, she served on the Qualifications Committee of the California State Board of Accountancy for fifteen years and chaired that committee for three years.
Harry M. Fongis the Associate Vice President for Finance at SCU. His responsibilities include all aspects of finance, accounting and risk management. He is a graduate of Texas A & M University with a Bachelors of Business Administration in Accounting and University of Houston with a MBA in Finance. He is also a Certified Public Accountant. He joined Santa Clara University as Controller in 1993 and was appointed to his present position in January, 1995. His prior experience includes a number of years in industry and as Director of Financial Accounting for the University of Houston System. He is a member of the Association of Jesuit Colleges and Universities, the National Association of College and University Business Officers, the Western Association of College and University Business Officers and the American Institute of Certified Public Accountants.
(download pdf here/ opens in new window)
The New CPA Examination and Licensing Rules
Wednesday, October 20, 2004,3:30-5:00pm
Williman Room,Benson Center, Santa Clara University
James Sepe, Associate Professor of Accounting,Santa Clara University
Both the California State Certified Public Accountant licensing rules and the CPA exam itself have changed dramatically in the recent past. A representative from the California State Board of Accountancy will discuss how and when to apply for the exam, what you need to have prior to application, and the two pathway system to licensure. Dr. Sepe will then present an update on the format and content of the exam itself. Both presenters will be available to answer questions
Finding the 'Right' Answer
Wednesday, October 27, 2004,3:30-5:00pm
Williman Room, Benson Center Santa Clara University
Mike Morton, Senior Manager, Deloitte National Office
Sandie Kim, Senior Manager, Deloitte National Office
Where do accountants go when confronted by new or controversial client accounting practices? Often, they consult their firms national offices. Two representatives of the Deloitte National office in San Francisco will discuss the function of a national office of a Big 4 firm, the kinds of issues they are currently wrestling with, and how to approach difficult accounting issues.
Mike Morton provides consultations to audit engagement teams in researching and resolving complex accounting issues. He primarily specializes in areas related to revenue recognition, impairments and restructurings. Prior to joining National Office, Mike was located in Baltimore and was responsible for managing audit engagements for large publicly held companies in the aerospace and defense industry.
Sandie Kim primarily specializes in areas related to business combinations, impairments, restructurings, and stock-based compensation and other employee compensation arrangements. She also spent some time assisting D&T’s board representative on the AICPA Accounting Standards Executive Committee (AcSEC) in developing accounting guidance, including guidance related to property, plant, and equipment, investment company accounting, and real estate transactions
Wednesday, February 2, 2005 3:30-5:00pm
Williman Room, Benson Center, Santa Clara University
An update on the current enforcement and inspection activity by the PCAOB
Ms. Joanne O'Rourke Hindman, Special Advisor,
Public Company Accounting and Oversight Board
The PCAOB's mission is to provide oversight for the auditing profession. The presentation will begin with a brief summary of the PCAOB's current activities, highlighting the results of the initial accounting firm quality reviews and expectations for the direction of future enforcement activities. Ms. O'Rourke- Hindman will also give her personal perspective on how the auditing profession has changed in the past years as a result of regulatory changes, and what students entering the profession might expect in the future.
Joanne O'Rourke Hindman is a Special Advisor to Board Member Kayla J. Gillan at the Public Company Accounting Oversight Board. Prior to her current position at the PCAOB, Ms. Hindman spent the majority of her career with The Washington Post Company, where she advanced from the position of Director of Financial Reporting, responsible for the preparation of the company's financial statements and SEC filings, to serve as the top financial officer of Newsweek magazine. Ms. Hindman has also served as executive vice president of operations for the American Red Cross and as chief executive officer for a software developer company in the public safety industry. Ms. Hindman is a certified public accountant with significant public accounting experience including positions held at PricewaterhouseCoopers, where she served as an audit manager.
Securities Regulation in the Current Environment
Wednesday, February 16, 2005
Williman Room,Benson Center,Santa Clara University
Financial Reporting Issues and the Post-Sarbanes Oxley SEC Enforcement Landscape
Mr. Marc J. Fagel, Branch Chief, Internet Enforcement, U.S. Securities and Exchange Commission
Mr. Fagel serves as an Enforcement Branch Chief in the Securities and Exchange Commission's San Francisco District Office. Since joining the SEC in 1997, he has supervised investigations of financial reporting fraud, insider trading, and misconduct by investment advisers and broker-dealers. He has also specialized in matters involving Internet-related fraud. Prior to joining the SEC. Marc was an associate in the San Francisco office of Morrison & Foerster, where he specialized in securities class action defense.
The presentation will begin with a brief summary of the Securities and Exchange Commission's enforcement program, highlighting changes made in response to the Sarbanes-Oxley Act, and discussing the SEC view of the current state of financial fraud deterrence. The presentation will then turn to an overview of current "hot-button" issues in SEC enforcement.
(download .pdf here: (opens in a new window)
Restoring Public Confidence
Wednesday, October 22, 2003
Don Marlais, J.D.
The Future of Auditing Regulation Under the Public Company Accounting Oversight Board:
Mr. Marlais is a 1995 graduate of Santa Clara University’s School of Law and special counsel to the Public Company Accounting Oversight Board (PCAOB), founded in 2002. The Board’s mission is to enhance investor protection in the U.S. securities markets and to further the public interest by ensuring that public company financial statements are audited according to the highest standards of quality, independence and ethics. Mr. Marlais will discuss the origins of the PCAOB, its regulatory scope, the current status of new standard setting and possible legal challenges to its charter.
The New Liability Environment Post-Sarbanes-Oxley Consequences for Executives and Directors
Wednesday, November 5, 2003
A panel discussion featuring: Boris Feldman, Partner and Senior Defense Litigator at Wilson Sonsini Goodrich and Rosati,
Chris Paisley, Dean’s Executive Professor of Accounting and Finance, Santa Clara University, former executive and outside director on multiple boards
Susan Miner, Executive Vice-President, Carpenter Moore Insurance Services and expert in Director’s and Officer’s Liability protection.
The Sarbanes-Oxley Act drastically alters the legal environment for companies, their officers, and directors. The panelists will discuss how officers and directors perceive their legal liability and how this perception affects their actions, as well as their willingness to serve. Lastly, an insurance expert will discuss how insurance availability affects firms’ ability to recruit officers and directors and the protective value of Director’s and Officer’s liability insurance.
Best Practices in Mergers and Acquisitions: The Impact of the Sarbanes-Oxley Act
Wednesday, January 21, 2004
The Sarbanes-Oxley Act includes numerous requirements for public companies to throroughly evaluate their processes and systems of internal control, for executives to certify the firm's financial statements, and for substantial changes in corporate governance. Dan Reid, of the Standard and Poor Corporation is an expert consultant in mergers and acquisitions and corporate governance and he will discuss how these new requirements are affecting the mergers and acquisitions market. Emerging questions are not limited just to "regulated changes" but includes a broader array of issues that encompass topics such as best practices (over and above what is required), is "just meeting the regulations" a viable strategy anymore, and what will be the impact of SOX-type rules on private deals.
Dan Reid is a Managing Director in the San Francisco office of Standard & Poor's Corporate Value Consulting practice, where he leads CVC's West Coast Corporate Finance Consulting practice. He has advised or led the integrated M&A services for over two hundred transactions involving both strategic and financial buyers in a wide variety of industries. Prior to joining S&P CVC, Mr. Reid was the lead partner for Arthur Andersen LLP's Transaction Advisory Services practice for the Pacific Northwest Market Circle. Prior to Andersen, he was the Director of Mergers and Acquisitions Services for the Fremont Group and Fremont Partners, responsible for coordinating and providing M&A services on both financial and strategic buyer-focused acquisitions and dispositions for Fremont.
Mr. Reid has an Executive Masters of Business Administration from St. Mary's College, a Masters of Science in Taxation from Golden Gate University, and a Bachelor of Science in Accounting from Santa Clara University.
Exploring the Future of the Public Company Audit
Wednesday, February 4, 2004
A panel discussion featuring: Joseph Bronson, Chief Financial Officer of Applied Materials, Greg Matz, Chief Internal Auditor at Agilent Donald McGovern, Office Managing Partner, and Chair of the Board of Partners, PricewaterhouseCoopers
The environment of public company auditing has changed greatly in the aftermath of the Enron/Andersen disaster and the resulting regulatory changes. Among the areas of dramatic change are the auditor's responsibilities for internal controls attestation, the methodology auditors may follow in conducting the audit and the nature of the relationship between the internal and external auditors, client management, and Board of Directors of the client firm. This seminar is a panel discussion presenting current views on these topical issues from executives of leading local companies.
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