FEI’s blog would like to give a shout-out to all our colleagues participating in the American Accounting Association (AAA) annual meeting this week in Anaheim, CA. AAA is the professional association for accounting professors. We understand AAA may have a record number of participants in the annual meeting this year; no surprise with the heightened interest in accounting among students, professors, and others.
With the accounting profession faced with a shortage of PhDs to meet rising enrollments, and challenged by an accelerating rate of change, programs at AAA’s annual meeting are geared toward meeting these and other challenges, including the move to International Financial Reporting Standards (IFRS). (Note: later today, we will be posting highlights from SEC's IFRS-GAAP roundtable held Aug. 4.)
FEI has helped promote AAA’s programs to increase the number of professionals in becoming “professionally qualified” (PQ) to teach at the college level – to supplement those deemed “academically qualified” (AQ) to teach by means of holding a PhD. Programs like AAA's one day PQ programs, and AACSB’s week-long Bridge Program, are aimed at helping offset the shortage of PhDs in accounting, and providing more professors with practical experience. See our related articles here, here and here.
Separately, a related effort was announced July 30 by the audit profession, “Doctoral Scholars Program in Accounting Created by CPA Profession - $15 million to Help Fill Shortage of Accounting Professors.”
AAA’s immediate Past President, Gary John Previts of Case Western Reserve University, is a member of FEI, and a member of the U.S. Treasury Department’s Advisory Committee on the Auditing Profession (ACAP). (See some of our past coverage of ACAP’s deliberations relating to the education aspect of the audit profession’s human capital here.) AAA’s new President is Sue Haka of Michigan State University.
FEI Senior Advisor and former President & CEO Michael P. Cangemi is participating in a roundtable session at the AAA conference today with leaders of major organizations, including the AAA, AICPA, AGA, FEI and IMA, in a session entitled “Critical Issues in Accounting Education: Synergies for Accounting Organizations.” The leadership summit panel, coordinated by AAA Executive Director Tracey Sutherland, will take place during the 10:15 am concurrent sessions today.
Cangemi is also participating in a session entitled “Developing a Better Understanding of the Relationship between IT and an Organisation's Value,” one of the 2:30 pm concurrent sessions today. The panel, coordinated by Robert Hodgkinson of the Institute of Chartered Accountants In England and Wales (ICAEW), also includes Kevin Kobelsky, Baylor University, and Paul Miranti, Rutgers Business School.
Accounting Professors and Assoc. Professors, Deans and Ass't Deans take note: FEI has a special membership category for you, with discounted annual dues. By joining FEI, you will receive all the high quality, practical reports issued by the Financial Executives Research Foundation (FERF), the research foundation affiliated with FEI, as well as our award-winning magazine, Financial Executive, and our weekly e-newsletter, FEI Express. (Note: CPE credit is available for some of our magazine articles and FERF reports, as well as our conferences.) FEI membership also entitles you to reduced rates at our conferences, including our annual Current Financial Reporting Issues (CFRI) conference Nov. 17-18, 2008 in NYC (featuring the Chairmen of the SEC, FASB and IASB), our annual Summit Conference in the Spring, our Women in Financial Leadership Conference Sept. 17 in NYC, and much, much more. If you have any questions about FEI membership, feel free to contact me firstname.lastname@example.org or Nancy Ehlers in our membership department email@example.com
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