volume 17, issue 1 in this issue: chair’s message

THE ACCOUNTING DEPARTMENT’S FOOTNOTE | VOLUME 17, ISSUE 1

The FSU College oF BUSineSS | inTernaTional aCClaim. individUal aTTenTion. www.cob.fsu.edu/acg 1

Fall 2012

Chair’s Message Dear Alumni and Friends:Now that we’ve completed another year, I would like to bring you up to date on what we’ve been doing and take a look forward to what we hope to do. I am pleased to report that your FSU Department of Accounting is doing very well, and that I believe we are poised to excel even further in the future.

I would first like to thank our office staff, faculty, alumni and other friends of the department who have contributed to our success. Without them, this department would not be able to produce the high-quality graduates for which we are known.

Speaking of students, the number of accounting majors has remained steady over the past couple of years – at about 700 undergraduates and 100 MAcc students. We feel these numbers will continue to remain steady even with our increased requirements for students wishing to major in accounting. For example, students must now take a competency exam prior to enrolling in upper-level accounting courses. Requirements to remain an accounting major have also been strengthened. We expect that these changes will contribute toward our goal of graduating the best accountants possible.

Under faculty news, the department had another great recruiting year (see page 5). We hired Allison Beck to teach auditing and Mike Penn to teach financial accounting. Allison comes to us from the doctoral program at the University of Tennessee and Mike from Penn State University. We are very excited to add them to our faculty. Unfortunately, Joe Icerman retired at the end of the 2011-12 academic year after 35 years at FSU (see page 5). He served on the faculty as department head and as an associate dean during that time. His institutional knowledge is unparalleled in the department, and he was consistently a favorite of many students (so much so that he was 2011-2012 Beta Alpha Psi Teacher of the Year). Joe will be missed greatly.

On the curriculum front, the second cost accounting class has been eliminated and replaced with a second tax class. We are developing two new classes for the MAcc program, one in forensic accounting and one in financial statement analysis. We also are in the process of developing an undergraduate forensic accounting minor in conjunction with the College of Criminology (see page 2). The minor will involve five courses that criminology and accounting majors will take in order to increase their knowledge and skills in this important and growing area. If the minor is successful, we anticipate making it available online for those who cannot attend classes in Tallahassee.

In summary, we are very proud of the job our graduates do, from passing the CPA exam to excelling in their firms or organizations. This performance is due to hard work on the part of the students and the faculty. It also is due to the generous help we receive from our alumni and friends. I cannot thank you enough for your support. With your continued help, I intend to keep your FSU Department of Accounting on the track to excellence.

— Bud Fennema Department Chair and

Ernst & Young Professor of Accounting

IN THIS ISSUE:2THE DEAN’S CORNER

2 FORENSIC ACCOUNTING AND CRIMINOLOGY MINOR IN DEVELOPMENT

3DISTINGUISHED DOCTORAL ALUMNI AWARD

4THOMAS HOWELL FERGUSON P.A. RESEARCH COLLOQUIUM

4HISTORY OF THE DEPARTMENT OF ACCOUNTING

5NEW FACULTY AND DEPARTING FACULTY

6SPECIAL FACULTY RECOGNITIONS

7FACULTY PUBLICATIONS

8UPDATES FROM PREVIOUS FACULTY

8STUDENT ORGANIZATIONS

11STUDENT RECOGNITIONS & AWARDS

13MASTER’S HOODING CEREMONY

14PROFESSIONAL ADVISORY BOARD

152011-12 HONOR ROLL OF DONORS

Fall 2012 Volume 17, Issue 1


The FSU College oF BUSineSS | inTernaTional aCClaim. individUal aTTenTion.2 www.cob.fsu.edu/acg

Fall 2012

The Dean’s CornerI am happy for this opportunity to thank you for your many forms of support to our Department of Accounting. Whether you took part in our speakers’ series, mentored a student or gave a financial gift, I want to assure you we are deeply grateful. Your generosity supports our current students and allows us to grow and prosper as our reputation for training some of the nation’s best accountants expands. With that in mind, I am pleased to inform you the Department of Accounting has some great numbers to report: Enrollment of graduate accounting students hit 106 for the past semester, and we had a nearly 100 percent career placement, with 70 percent of our students receiving offers from one of the Big 4 firms when they graduated. These numbers speak highly of the excellent students we continue to produce. And speaking of our graduates, I hope you will take a moment to read the article in this newsletter about Clyde Stickney (’65 ACG; ’67 MAcc; ’70 Ph.D.), who was selected as the recipient of the 2012 Distinguished Doctoral Alumni Award. Again, the widespread and high regard that Dr. Stickney – and many of our alumni– has earned throughout his career is evidence of the solid foundation FSU lays for future success of our graduates. Finally, it is my pleasure to inform you that the Bill Hillison Professorship Fund is fully endowed, thanks to generous donations from alumni and friends. Named after Professor Bill Hillison, who retired in 2009 after 30 years at FSU, the endowed fund provides a stipend in perpetuity and is awarded to a highly productive faculty member for a three-year term. With the Hillison Fund endowed, the Department of Accounting’s new funding initiative, the Center for Accounting Excellence, will now play a major role in continuing a tradition of excellence in accounting education at FSU. Again, thank you for your continued interest and support of the Department of Accounting. Very best wishes for 2013!

Caryn L. Beck-Dudley, Dean

FORENSIC ACCOUNTING AND CRIMINOLOGY MINOR IN DEVELOPMENT

Coming Up

One of the strategic goals of the Department of Accounting is to enhance learning for our students through the development and delivery of an interdisciplinary curriculum. With this in mind, we have partnered with the College of Criminology and Criminal Justice to create the Forensic Accounting and Criminology minor. We plan to offer the minor, which will include five courses, to undergraduate students within the next year.Surveys of students in both colleges indicate a high level of interest for such a minor. For accounting majors, the minor will include courses in introductory criminology, white-collar crime, investigative accounting and fraud accounting. Criminology majors will complete courses in introductory and intermediate

financial accounting, auditing theory and investigative or fraud accounting. The minor will culminate in a capstone course that both criminology and accounting majors must complete. The minor is slated to be offered both in on-campus and online formats.Our surveying efforts also show that professionals in public accounting, industry and government are interested in this minor. Therefore, we created an advisory board consisting of practitioners in each of these areas who helped develop a program to train employable forensic accountants. We will keep you informed about the progress of this exciting initiative!



Fall 2012

In 2007, the College of Business established the Distinguished Doctoral Alumni Award to recognize alumni who used their FSU education and professional experience to achieve significant levels of success and distinction. We were pleased to present the award in April 2012 to Dr. Clyde Stickney, who earned his bachelor’s degree (1965), master’s degree (1967) and doctorate (1970) in accounting from Florida State. Dr. Stickney distinguished himself as a faculty member at the University of Chicago, the University of North Carolina-Chapel Hill, and at Dartmouth College, where he held the title of Signal Companies’ Professor of Management in the Tuck School of Business and from which he retired in 2003. He also was a visiting professor at the Helsinki School of Economics and the International University of Japan, and was a visiting scholar at the Swinburne Institute of Technology in Melbourne, Australia. Dr. Stickney’s teaching and research interests centered on the interpretation and analysis of financial statements. His research examined the impact of different accounting principles on U.S.

versus Japanese price-earnings ratios and the use of financial statement ratios to infer the content and evaluate the success of corporate-level strategies.He has written or co-written more than 30 articles in academic and professional journals, including the Journal of Financial Statement Analysis and the “Handbook of International Accounting.” He also has authored or co-authored seven books on financial accounting, managerial accounting and financial statement analysis.Active in the American Accounting Association throughout his career, Dr. Stickney served as editor of the financial reporting section of the Accounting Review and associate editor of Accounting Horizons. Since his retirement, Dr. Stickney has continued to do limited teaching and writing. He leads Bible studies at his church and is researching his family history. He is president of the Halifax Genealogical Society in Ormond Beach and vice president of the Florida State Genealogical Society.

CLYDE STICKNEY RECEIVES 2012 DISTINGUISHED DOCTORAL ALUMNI AWARD

Kathy Stickney, Bud Fennema and Clyde Stickney

Alumni Recognition



Fall 2012

Thomas Howell Ferguson P.A. sponsors a distinguished speaker series every fall and spring semester for accounting majors. The speaker series has enriched the education of our students, and both students and faculty are grateful for Thomas Howell Ferguson P.A.’s generous support. Below is a schedule of past speakers for the Thomas Howell Ferguson Presents the John Perry Thomas Accounting Speaker Series. Fall 2011 Sept. 23 Sugata Roychowdhury, Boston CollegeSept. 30 Paul Madsen, University of FloridaOct. 7 Tommye Barie, AICPA and Mauldin & Jenkins, CPAsOct. 21 Nicole Jenkins, VanderbiltNov. 18 Maria Vulcheva, Florida International UniversityDec. 9 Andrew Van Buskirk, Ohio State UniversitySpring 2012 Jan. 13 DJ Nanda, University of MiamiJan. 20 Jacqueline Hammersly, University of GeorgiaFeb. 10 Donald Moser, University of Pittsburgh

March 16 Dennis Beresford, University of GeorgiaApril 13 Richard Frankel, Washington University, St. LouisFall 2012 Sept. 21 Dave Jones, Case Western Reserve UniversitySept. 28 Partha Mohanram, University of TorontoOct. 5 Jamie Diaz, College of William and MaryOct. 15 Amy Sun, Penn State UniversityNov. 9 Shyam Sunder, University of ArizonaNov. 16 Sonja Rego, Indiana UniversityNov. 30 Feng Li, University of MichiganDec. 7 Jim Vincent, University of Florida

Thomas Howell Ferguson P.A. Research Colloquium

HISTORY OF THE DEPARTMENT OF ACCOUNTING AT FSU

Who is the person in this picture? Bill Hillison, professor emeritus, is working on the history of the FSU Department of Accounting. When it is posted on our website, it will be a “work in progress,” with alumni, faculty and others submitting ideas for inclusion.Pictured above is Mary Luella Richey,

Florida’s first female certified public accountant. Richey came to Florida State College for Women (now FSU) in 1916 to teach a two-year program in commerce-related subjects. The initial program in accounting, which she developed in the 1920s, was a forerunner to the accounting curriculum in the School of Business in the 1950s and 1960s. Richey retired in 1960 after a career at FSCW and FSU that spanned 44 years. She died in 1967.To be continued….

Pictured here is the first building to house the College’s Department of Accounting. It is suspected that the merry-go-round was used during recess.



Fall 2012

ALLISON BECK, Assistant ProfessorThis fall, the Department of Accounting welcomed Allison Beck as a new assistant professor. She will teach three sections of undergraduate auditing during the spring 2013 semester. Since arriving at FSU, Beck has been working on extending the analyses of her dissertation and preparing it for journal submission, as well as tackling a behavioral auditing project. A native of Champaign, Ill., Beck graduated with a bachelor’s degree in accounting from the University of Illinois at Urbana-Champaign in 2004 and received her master’s in accounting from Auburn University. She earned her Ph.D. in accounting from the University of Tennessee in May 2012. Before beginning work on her doctorate, Beck was an auditor with Ernst & Young in Dallas, Texas, and completed auditing internships with Ernst & Young and PricewaterhouseCoopers, also in Dallas. Beck’s research focuses on corporate governance, financial reporting and auditing. Her hobbies include running, swimming, figure skating, playing pool and hiking.

MICHAEL PENN, Assistant ProfessorMike Penn has joined the accounting faculty as an assistant professor. He comes to FSU from Pennsylvania State University, where he recently completed his Ph.D. in accounting. Penn will teach financial accounting this spring. He spent much of the fall semester focusing on research into how public auditors respond to press coverage of their clients and whether the amount and type of coverage influences their decisions. Penn, who calls Parker, Ariz., home, earned his bachelor’s in accounting in 2005 and his master’s in accounting in 2007, both from the University of Arizona. Outside the classroom, Penn enjoys playing racquetball and ultimate Frisbee and spending time with his family.

JOE ICERMAN Before retiring earlier this year after a 35-year career in Florida State’s Department of Accounting, Joe Icerman taught every undergraduate financial accounting course offered by the college, as well as courses in the MBA and MAcc programs. He served as department chair for eight years and associate dean of the College of Business for 17 years. He also was a faculty advisor for Beta Alpha Psi. These days, he’s enjoying his retirement by relaxing, traveling, doing volunteer work and attending as many FSU sports events as possible. We all miss Dr. Icerman, and wish him the best!

DEPARTING FACULTY

Faculty NewsNEW FACULTY



Fall 2012

SPECIAL FACULTY RECOGNITIONS

• ResearchAssociateinAccountingHolly Sudano received an FSU University Teaching Award.• Jeff Paterson, the Arthur Andersen Professor of Accounting, and Doug Stevens were promoted to full professors effective fall 2012.• AssociateProfessorKenny Reynolds was granted tenure effective fall 2012.

Stevens ReynoldsPatersonSudano

2012 BETA ALPHA PSI INFORMATION PROFESSIONAL OF THE YEAR: ALLEN BLAY Beta Alpha Psi presented Dr. Allen Blay, an assistant professor, with the 2012 Business Information Professional of the Year award. The award honors outstanding alumni or honorary members of the organization who maintain an active professional career and positively affect the lives of students. Dr. Blay has been at FSU since 2007, where he teaches auditing and a Ph.D. seminar on behavioral accounting research. His research focuses on auditor decision-making, particularly related to clients who are facing extreme financial distress.

2011-2012 BETA ALPHA PSI TEACHER OF THE YEAR: JOE ICERMAN For the second year in a row, Dr. Joe Icerman received the Beta Alpha Psi Teacher of the Year award. The award recipient is selected based on the positive impact he or she has had on accounting students. Icerman, who also won the award in the 2007-2008 academic year, was praised for his willingness to help students inside and outside of the classroom, in person and via email.

Faculty News



Fall 2012

T.J. ATWOOD Atwood, T.J., M. Drake, L. Myers, and J. Meyers. “Home Country Tax System Characteristics and Corporate Tax Avoidance: International Evidence,” The Accounting Review, November 2012.

ALLEN BLAY Blay, Allen D., and Marshall A. Geiger. “Auditor Fees and Auditor Independence: Evidence from Going-Concern Opinions,” Contemporary Accounting Research, forthcoming.

Blay, Allen D., Kathryn Kadous, and Kimberly M. Sawers. “The Impact of Risk and Effect on Information Search Efficiency,” Organizational Behavior and Human Decision Processes, January 2012, 80-87.

BUD FENNEMADaugherty, Brian, Denise Dickins, and M.G. Fennema. “Offshoring Audit and Tax Procedures: Implications for U.S.-Based Employee Education,” Issues in Accounting Education, 2012.

FRANK HEFLINHeflin, Frank, William Kross, and Inho Suk. “The Effect of Regulation FD on the Properties of Management Earnings Forecasts,” Journal of Accounting and Public Policy, Volume 31, Issue 2, March-April 2012, pp. 161-184.

GREG GERARDDunn, C. L., G. J. Gerard, and S. V. Grabski. “Diagrammatic Attention Management and the Effect of Conceptual Model Structure on Cardinality Validation,” Journal of the Association for Information Systems, Vol. 12, No. 8, August 2011, pp. 585-605.

JEFF PATERSONGarver, Jennifer, Carl Pacini, and Jeff Paterson. “The Influence of Auditor State-Level Legal Liability on Conservative Financial Reporting in the Property-Casualty Insurance Industry,” Auditing: Journal of Practice & Theory, Vol. 31, No. 3, August 2012, pp. 95-124.

Paterson, Jeff and Adrian Valencia. “The Effects of Recurring and Nonrecurring Tax, Audit-Related and Other Nonaudit Services on Auditor Independence,” Contemporary Accounting Research, Vol. 28, Issue 5, December 2011, pp 1510-1536.

Paterson, Jeff, Carl Pacini and Salar Ghahramani. “The Uncertain Liability of Accounting and Other Professionals in Securities Fraud Cases: The Shifting Sands of Central Bank,” Journal of Forensic and Investigative Accounting, Vol. 3, No. 3, 2011, pp. 46-67.

DOUG STEVENSDouthit, Jeremy, Linwood Kearney, and Doug Stevens. “Can Agent Cheap Talk Mitigate Agency Problems in the Presence of a Noisy Performance Measure? An Experimental Test in a Single-and Multi-Period Setting,” Journal of Management Accounting Research, forthcoming.

Atwood

Blay

Fennema

Gerard

Heflin

Paterson

Stevens

Faculty Publications



Fall 2012

DR. BILL HILLISON Dr. Hillison has been keeping busy since his retirement from Florida State. In addition to working on the history of the Department of Accounting, he is updating the Gleim CPE and CPA review materials to reflect the new auditing standards, effective December 2012. In his free time, Dr. Hillison enjoys running approximately 40 miles a week, mainly on the trails of Tallahassee. He also makes sure to attend a number of football and baseball games at FSU, and still enjoys spending time at the Strozier Library.

PROFESSOR CHRIS FALKSince fall 2011, Professor Falk has been a lecturer of accounting at the University of Florida. He teaches courses including Intermediate Financial 1, Accounting Information Systems and a graduate module of Corporate Governance to UF’s accounting graduate students. Professor Falk also recently attended the KPMG National Faculty Symposium in New York, and was named vice chair of the FICPA Relations with the Accounting Educators Committee.

DR. ED MCINTYRE Dr. Ed McIntyre is enjoying retirement at his home on the water in Shell Point, Fla., with his wife, Marge. In August, Dr. McIntyre joined his brother on a 48-foot motor yacht to cruise the Gulf Islands in Canada between Vancouver Island and the mainland. He sends his best wishes to all of his former colleagues and students!

Updates from Previous Faculty

ACCOUNTING SOCIETYFollowing national trends, the Accounting Society has been disbanded, and most of its members have joined BAP, which has a more active presence in the accounting arena. We would like, however, to note the group’s officers for the spring semester. Spring 2012 Accounting Society Officers: President: Steven Mergenthal Vice President: Jennifer Goldfarb Treasurer: Javier Verdeja Secretary: Joey Spach

ASSOCIATION OF LATINO PROFESSIONALS IN FINANCE AND ACCOUNTING The student chapter of the Association of Latino Professionals in Finance and Accounting (ALPFA) promotes the organization’s goal of creating opportunities, adding value and building relationships among its members, the community and business partners while expanding Latino leadership in the global workforce. The organization values professional growth, integrity, culture, relationship-building, service, inclusiveness and teamwork. Generally, the FSU ALPFA separates its activities by accounting and finance concentrations to better appeal to individual member’s interests.

ALPFA accounting members frequently participate in local Beta Alpha Psi meetings, during which members network with professionals from the Big 4 accounting firms, as well as representatives from local, regional and national firms.Over the past year, ALPFA finance student members hosted meetings featuring various speakers, as well as workshops on resume writing and interviewing skills. During the spring semester, members participated in a regional symposium in Miami and the national convention, held over the summer in Las Vegas. The national event provided an opportunity for students to attend networking receptions, workshops led by various Fortune 500 companies and a large-scale career fair. A team of five ALPFA members competed in the KPMG/ALPFA Accounting Case Study Competition during the convention The team consisted of Adam Clayman, Will Haralson, Paulina Penaloza, Damien Rigol and Brittany Ruth.

Student Organizations

ALPFA Members



Fall 2012

Most of the officers who represented ALPFA during the 2011-2012 academic year, continue to lead the organization during 2012 – 2013.

2011 – 2012 ALPFA Accounting Officers: President: Jessica Kellogg Vice President: Leah Volpe Secretary: Erica Leyva Treasurer: Bianca Barcelo2011 – 2012 ALPFA Finance Officers: President: Antoine Brandon Treasurer: Robert Moses Marketing: Alex Wolniewitz 2012 – 2013 ALPFA Accounting Officers: President: Chris Martinez Vice President: Leah Volpe Secretary: Erica Leyva Treasurer: Bianca Barcelo2012 – 2013 ALPFA Finance Officers: President: Antoine Brandon Treasurer: Robert Moses Secretary: Erik Rodriguez Marketing: Alex Wolniewitz

BETA ALPHA PSI (BAP)Beta Alpha Psi, the national honorary organization, welcomes students who are pursuing degrees in accounting, finance and management information systems. BAP’s objectives are to encourage and recognize scholastic excellence in these fields.FSU’s Beta Rho chapter of Beta Alpha Psi consistently attracts speakers and recruiters from a wide variety of international and regional accounting firms, the Internal Revenue Service, government agencies and CPA review courses. It hosts these speakers at its weekly meetings throughout the school year. The 2011-2012 academic year welcomed speakers from Deloitte, KPMG, Ernst & Young, Grant Thornton, PwC, McGladrey, the IRS, Becker, CPAexcel and WTAS. These meetings allowed BAP members to learn about careers in various organizations and network with recruiters and fellow organization members.BAP officers worked hard to prepare members for Seminole Futures, FSU’s career fair held each September. One of the most popular events, “Meet the Firms,” held in the Oglesby Student Union ballroom the evening before Seminole Futures, provides an intimate setting for students to meet with representatives from about a dozen accounting firms and enables members to become better acquainted with their favorite firms before facing the pressure and chaos of Seminole Futures.The chapter also participated in numerous volunteer activities during the 2011-2012 school year, including walking in the American Cancer Society’s Relay for Life this past April. In addition, members donated household goods to the Big Bend

Homeless Coalition, as well as numerous non-perishable goods to a local Tallahassee church throughout the year.The officers for the 2012-2013 academic year are eager to continue networking, career-building and volunteering with next year’s new pledges and returning members.

2011-2012 BAP Officers: President: Rebecca Sutton Vice President: Garret Caggiano Treasurer: Jessica Peterson Corresponding Secretary: Anouk Baretto Reporting Secretary: Andrea Laos Pledge Coordinator: Damien Rigol2012-2013 BAP Officers: President: Jessica Peterson Vice President: Anouk Baretto Treasurer: Damien Rigol Corresponding Secretary: Melissa Bucks Reporting Secretary: Emily Hidalgo Pledge Coordinator: Benjamin Burns

NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS (NABA)The National Association of Black Accountants was founded in 2006 at Florida State, and is committed to achieving objectives aligned with those of the College of Business. These objectives include encouraging and supporting its members to meet their individual goals, providing professional networking opportunities and connecting students with organizations that will benefit them now and during their careers. During the 2011-2012 year, the group participated in the NABA Student Regional Conference in Atlanta, Ga., and joined the Jacksonville Professional NABA chapter at the NABA Regional Day Conference held at the University of North Florida. During the summer, a one-day conference called “From the Classroom to the Boardroom”, featured guest speakers, speed networking and an array of valuable workshops.

NABA Members



Fall 2012

In addition, NABA members participated in volunteer activities, including a financial literacy and college readiness event at Nims Middle School in Tallahassee.

2011 – 2012 NABA Officers: President: Lawrence Gonzalez Vice President: Jennifer Mathurin Treasurer: Eric Walton Director of Activities: Cynthia Felix Membership: Reginal Abel Community Services: Kadian Allen2012-2013 NABA Officers: President: Tim Gaffley Vice President: Reginald Abel Treasurer: Jennifer Mathurin Membership: Antwan Saunders

FSU WOMEN IN ACCOUNTINGFounded at FSU in 2009, Women in Accounting’s mission is to inform women of the many and varied opportunities in the accounting field, connect them with potential employers, and aid in turning those opportunities into careers. The organization helps its members to acquire the knowledge, leadership skills and professionalism they need to succeed in today’s business world.The group hosts panel discussions and presentations featuring recruiters from top companies and professional organizations and provides networking opportunities at weekly meetings. During the 2011-2012 academic year, Women in Accounting hosted representatives from Ernst & Young, PwC, Deloitte, KPMG, the IRS and Becker. The group also held a Career Center business etiquette seminar, a student panel, and a resume critique and interview skills seminar.Also during the 2011-2012 year, the organization held a number of socials and fundraisers and participated in volunteer activities, such as operating the FSU VITA (Volunteer Income Tax Assistance) program site on campus for the second year in a row, along with Beta Alpha Psi and the IRS. During the year, Women in Accounting membership increased to an all-time high of 75 active members, doubling its previous enrollment.

2011-2012 Officers: President: Lindsey Rottner Vice President: Erica Leyva Secretary: Sara Drummond Treasurer: Jennifer Mathurin Director of Special Events: Aimee Adams Historian: Lauren Noltner2012-2013 Officers: President: Sara Drummond Vice President: Aimee Adams Secretary: Brooke Troop Treasurer: Alexia Tandron Social Chair: Laura Hutchinson Faculty Advisor: Shelley Greenberg

INFORMATION SYSTEMS AUDIT AND CONTROL ASSOCIATIONThe recently formed FSU chapter of Information Systems Audit and Control Association (ISACA) promotes the education of its members in the interrelated fields of information technology governance, information system audit, security, control and assurance. The chapter is affiliated with the international ISACA organization (www.isaca.org), which has more than 95,000 members and almost 200 chapters. ISACA oversees a number of IT-related certifications, including the Certified Information Systems Auditor (CISA), of which a number of our students are interested in pursuing.Faculty advisor Gregory Gerard, doctoral student Bachman Fulmer, ISACA Tallahassee chapter academic relations coordinator Geoffrey Adams and 2011-2012 student officers led the chapter’s formation. Much of the work in the first year involved obtaining official recognition by the university. Group members also led awareness efforts on campus and held meetings that included visits from IT professionals and skill development workshops to prepare students for future careers in the field. Goals for the current school year include increasing membership, hosting several guest speakers and taking advantage of the networking opportunities ISACA provides. Incoming president Chase Nuemayer is topic leader for ISACA’s student online community, and he hopes to increase student engagement with this new resource.

2011-2012 FSU ISACA OfficersPresident: Maria CardenasVice President: Matt WalkerTreasurer: Xiaojun ZhuSecretary: Justin PattersonPublic Relations: Alexia BaillowRecruitment: Brooke Speiser2012-2013 FSU ISACA OfficersPresident: Chase NuemayerVice President: Brooke Speiser Treasurer: Xiaojun ZhuSecretary: Jung Eun Park

Maria Cardenas and Matt Walker staff ISACA information table at the Oglesby Student Union.



Fall 2012

Andrea Laos, a graduate accounting student, has been selected for a position as a postgraduate technical assistant with the Financial Accounting Standards Board (FASB) in Norwalk, Conn. The FASB plays a crucial role in the economy by issuing financial accounting standards that govern corporate financial reporting.Laos will begin the year-long internship in January 2013. The Postgraduate Technical Assistant Program allows participants to become highly involved with the accounting standard-setting process and learn about the roles played by preparers, auditors, and users of financial information. Laos will have the opportunity to work on the FASB’s major agenda projects, short-term practice and implementation issues, and the post-implementation review of accounting standards and other authoritative pronouncements. Laos says she is well-prepared for the internship.“FSU’s Accounting Program has taught me the necessary technical and analytical

skills required to succeed in the accounting industry,” said the Miami, Fla., native who earned her bachelor’s degree in accounting from FSU. “As a master of accounting student, I’ve been able to broaden my understanding of accounting standards and concepts, while engaging in a challenging and driven environment among my classmates.”“With only 10 interns from around the United States chosen annually from the top accounting schools, it is an extremely competitive process to be selected for the Postgraduate Technical Assistant Program," said Bud Fennema, chair of FSU’s Department of Accounting. Laos is the first FSU student to be placed with the FASB program.After completing the postgraduate technical assistant program, Laos will work for Deloitte.

DOCTORAL FELLOWSHIPS AND SCHOLARSHIPS David Bryan - COB Dean’s Recruiting Fellowship Jeremy Douthit - Bond Graduate Scholarship Thom Gilliam - Baugh Fellowship Robbie Moon - Baugh Fellowship Terry Mason - COB Dean’s Recruiting Fellowship Dana Wallace -Bond Graduate Scholarship

MASTER OF ACCOUNTING FELLOWSHIPS AND AWARDS Michael Alfieri - Major Wright Fellowship Jason Babbitt - Robert West Fellowship Brett Badessa - KPMG Fellowship Elizabeth Bryan - Jonathan L. Williams Fellowship Allison Buchanan - Ernst & Young Fellowship Richard Doetsch - Homer Black Fellowship Liliane Hsu - Ernst & Young Fellowship Katherine Johnson - Major Wright Fellowship

James Kaptur - Ernst & Young Fellowship Jessica Lang - Accounting Alumni Fellowship Andrea Laos - Major Wright Fellowship Daniel Lee - Kevin & Kellie Hardee & Trembly Fellowships Allison Martin - Ernst & Young Fellowship Cori Padgett - Trembly Fellowship Mary Perkins - Deloitte Fellowship Robert Putnam - Homer Black Fellowship Rick Raleigh - Homer Black Fellowship Andrea Roig - Robert West Fellowship Lindsey Rottner - Homer Black Fellowship Daniel Russell - Grant Thornton Abigail Sarbeck -Trembly Fellowship Amanda Siler - Robert West Fellowship Sharon Stuber - Trembly Fellowship Brad Taylor - Homer Black Fellowship Gregory Weber - Chip & Ginger Jones Fellowship Derek Winter - Major Wright Fellowship Arlena Yu - Homer Black Fellowship

LAOS SELECTED FOR PRESTIGIOUS INTERNSHIP

Student Recognitions & Awards



Fall 2012

MASTER OF ACCOUNTING ASSISTANTSHIPSMichael Alfieri Jason Babbitt Richard Doetsch Katie Johnson Andrea Laos Allison Martin Cori Padgett Mary Perkins Lindsey Rottner Abigail Sarbeck Amanda Siler Rebecca Sutton Brad Taylor Derek Winter Arlena Yu

UNDERGRADUATE ACCOUNTING SCHOLARSHIPS Emily Kathryn Anthony - BDO Seidman Scholarship Rachael Dean - Deloitte Scholarship Christine Galvan - BDO Seidman Scholarship Andrew Gund - BDO Seidman Scholarship Emily Hidalgo - Deloitte Scholarship Jessica Jardines - Ernst & Young Scholarship Katherine Johnson - Ernst & Young Scholarship Stephanie Johnson - Accounting Alumni Scholarship & Astor Family Scholarship Jessica Lamothe - BDO Seidman & PWC Scholarships Hyun Jung Lee - Ernst & Young Scholarship Erica Leyva - Grant Thornton Scholarship Christopher Martinez - KPMG Scholarship Trey Milam - Ernst & Young Scholarship Landon Peacock - BDO Seidman Scholarship Jessica Peterson - KPMG Scholarship Mellanie Roder - KPMG Scholarship Michael Schuster - Deloitte Scholarship Jeffrey Stamm - Grant Thornton Scholarship Sharon Stuber - Thomas Howell Ferguson Scholarship Kaitlin Wallace - Dixon Hughes Goodman Scholarship

E. C. AND TILLIE ALLEN SCHOLARSHIPS Raisa Bell Christine Galvan Andrew Gund Katherine Johnson Stephanie Johnson Andrew Kaczala Jessica Lamothe Trey Milam Michelle Rahgozar Jeffrey Stamm Kelsey Stroze Sharon Stuber Kaitlin Wallace Mallory Weatherly

JOHN E. CHAMPION SCHOLARSHIPSRachael Dean Trey Milam

FICPA SCHOLARSHIPS Michael Alfieri Allison Buchanan Nadia Harebin Joseph Kiessig Andrea Laos Jasmine Lawrence Timothy Rosenbeck Ranya Salvant

FEDERATION OF SCHOOLS OF ACCOUNTANCY AWARD Andrea Laos

PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD SCHOLARSHIP William Welbon

OUTSTANDING ACCOUNTING JUNIOR Christopher Martinez - Grant Thornton

OUTSTANDING ACCOUNTING SENIOR Rachael Dean - KPMG

OUTSTANDING MACC STUDENT Michael Alfieri - Ernst & Young



Fall 2012

FALL 2011 Elizabeth Leigh Bryan Johnston Rodd Buell Miranda Mary Burnham Kimberly Tamara Crosby Liliane Hsu Yihan Liu William Marshall Phillip Alan Money Melanie Cherisse Monroe Adam Daniel Neiberg Tara O’Daniel Robert Nelson Putnam III Timothy Henry Schmedes Qi Shi Elaine Danielle Sutter Rayford Huxford Taylor II Gregory Trent Weber Arlena D’orville Yu

SPRING 2012 Jason Robert Babbitt Qihua Chen

Katherine Nancy Corson Romina Astrid De La Cruz Nicholas Harrison Fulmer Leslie Lee Kee Thomas Andrew Mole Justin Michael Patterson Mary Cathryn Poland Abigail Lane Sarbeck

SUMMER 2012 Michael Richard Alfieri Charles Wescott Andrews Brett A. Badessa Katherine Nicole Bender Allison Lee Blackmon John Edward Born III Allison Margaret Buchanan Maxwell David Burns Montgomery Burns Richard Frank Doetsch III Kevin Kacer Andrea Cecilia Laos Alex Phillip Leebow

Allison Leigh Martin Stephen Douglas Mergenthal Cori Madeline Padgett Jaydee Marielle Perez Ryan Alexander Petteruti Jonathan Michael Phillips Matthew Paul Poleon Andrea Ramos Ortega Christopher McDermott Raynor Ryan Michael Rohloff Andrea L. Roig Lindsey Nicole Rottner Daniel Richard Russell Charles Zack Salsman Amanda Marie Siler Janine Slement Rebecca Elaine Sutton Bradley Robert Taylor Stephanie Elizabeth Uelmen Camilo Victoria William James Welbon Derek Scott Winter Xiaocheng Yin

From left to right: MAcc graduates Jason Babbitt, Qihua Chen, Romina De La Cruz, Leslie Lee Kee, Daniel Lee, Thomas Andrew Mole, Justin Patterson, MaCay Poland and Abby Sarbeck wait to be hooded at the 2012 spring ceremony.

The College of Business instituted a Master’s Hooding Ceremony in 2009 to give students the opportunity to celebrate their hard-earned accomplishment with faculty, family and friends.

Congratulations to the MAcc graduates!

Master’s Hooding Ceremony



Fall 2012

The Professional Advisory Board The Professional Advisory Board (PAB) was created to ensure continual improvement of the curriculum and educational focus of the courses offered in the accounting program. The board consists of leading accounting professionals, including FSU alumni from local, regional and national accounting firms. The board meets with the accounting faculty annually to discuss recruiting, changes in the business environment and program goals for the upcoming year. The board is truly indispensable, as its members are key motivators of curriculum enhancement, fundraising success and general professional development of students. All alumni and friends of the college are invited to suggest topics prior to the board meetings each fall. Questions or comments regarding the PAB agenda may be emailed to Bud Fennema at [email protected].

PROFESSIONAL ADVISORY BOARD MEMBERS

Mark Arrigo - Grant Thornton LLP

Jennifer Barineau - Office of the Auditor General

Jeff Bryan - Dixon Hughes Goodman PLLC

Rick Carroll - Carroll and Company

Tom Cox - Carr, Riggs & Ingram, LLC

Shaun Davis - S. Davis & Associates, PA

Tony DiBenedetto - Tribridge

Dave Ellrich - Moore, Ellrich & Neal, PA

Phil Fretwell - Protiviti Inc.

Doug Gawrych - Grant Thornton, LLP

Jeff Gilbert - PricewaterhouseCoopers

Diana Goetz - TBC Corporation

John Gordon - Deloitte

Ryan Koppe - Vestal & Wiler, CPAs

Debie Leonard - Thomas Howell Ferguson

Jim Luffman - CPS Investment Advisors

Bob Miles - Orlando Health

Joe Paradise - KPMG

Mike Poland - Ernst & Young LLP

Kristen Scott – PricewaterhouseCoopers

Laurie Shimp - Ernst & Young

Jim Thielen - Thielen Tax & Business Consulting

Tim Wilhelmy - Deloitte & Touche LLP



Fall 2012

2011-2012 Honor Roll of Donors*$60,000 and Above

Ernst & Young LLP

$30,000 and Above

Michael C. & Hope B. Poland

$20,000 and Above

Paula Robinson Parker

$10,000 and Above

John A. (II) & Jessica L. Bazley Bond Foundation Jeffrey D. & Tiffany S. Boykins Donna Marchese Garcia Ricardo & Kimberly A. Gonzalez Stephen C. & Michelle C. Mangan Raymond V. & Maria J. Schneider Thomas Howell Ferguson, P.A.

$5,000-$9,999

Sarah A. Clamp Deloitte David L. Friedline Grant Thornton Christian K. & Michelle E. Maingot Michael E. & Elizabeth A. Pattillo Carl W. (Jr.) & Wendy A. Rieger Jeffrey P. & Michele L. Rohr Richard J. & Mary L. Wall

$2,500-$4,999

Mark R. & Pamela P. Arrigo Phillip M. & Shari Brunson Dixon Hughes, PLLC Richard D. & Debra Gawrych KPMG LLP Grady M. & Dereida Bowlin Townsend

$1,000-$2,499

Mauricio J. (II) & Amanda S. Alvarez

John G. & Mary J. Beverly

Derek J. & Ann G. Blakeslee

Javier Borges & Lauren Wukovits Jeffery C. & Dorothy R. Bryan

Ciro Buttacavoli Wallace & Kathleen B. Dunn M. G. & Robin D. Fennema William A. (Jr.) & Nancy N. FergusonPeter J. Gaidis Peter J. Giroux Scott G. & Mary E. Givens Nicholas & Lynda G. Kissel R. Miles Knight J. Talbot Land Mark N. (Jr.) & Lagretta T. Lenker Janet L. Malzone Mark Margulies Kenneth M. Meuser Scott A. Norton PricewaterhouseCoopers LLP Timothy N. & Deborah S. Richie Roll Giving & Paramount Community Giving William C. & Laurie R. ShimpKarl E. & Catherine R. StupskiAndrea M. TorricoAlbert R. (III) & Michelle L. VanCleaveDavid VorrathJerry M. & Anne B. WeilSamuel G. & Maureen E. WrightPaula D. Yeomans

$500-$999

Bristol-Myers Squibb Scott A. & Karen S. BrockJohn C. Fletcher, Jr.Joe D. & Rhoda C. IcermanBradley M. & Laura E. JonesS. Michael Kalifeh, IIPaul D. (Jr.) & Pamela C. LarsonJeffrey T. LawyerJames M. & Vicky L. LuffmanScott A. MagerJ. Michael & Amy E. MauldinMichael J. McDermottIvan A. Morales & Andrea Brant

Clyde G. & Terri A. ReaGregory T. Rusk Paul V. Shimp

$100-$499

James H. AdamsAdobe Systems, Inc.Jenna N. AihieNorma J. AyresFrank M. Boozer, Jr.Robert J. BrownWilliam J. & Vicki J. BufeJoseph W. CampbellStephen P. ChenYingmei ChengC. Michael & Christine L CollerDaniel K. & Jennifer K. DavisKyle P. Hickman & Denise E. DickinsMichael R. & Suzanne M. DoddJoanne M. DohertyWittney A. DupontMichael J. & Carol I. DurhamJudd D. EnfingerDiana FalsettaJeffrey A. FlammCraig A. & Anna E. GilmanJoshua T. GoodelmanLaurie A. GraselJeffrey P. HessAlexander J. JackardChristopher JohnsonEdna MalagicAllison F. McGuffeeKyle S. (Sr.) & Vicki H. MeyerMichael C. MixonRev. Christopher L. MontagBryan H. Mills & Melissa M. MosherKristina D. MoultriePaul F. MusanteTarou A. Nakajima-NicholsCynthia L. O’ConnorOlusegun S. Ogunnaike

Timothy C. PowellLawrence E. Prevatt

Robert G. & Dorothy M. RichardsonKrystle L. RinbergerEvan M. SchansPaul J. & Katherine A. SchoolmeesterFrederick W. TaegerByron N. (Jr.) & Susan ThompsonRobert R. & Jennifer W. TuckerTyco Employee Matching Gift ProgramDaniel R. VidalNatasha R. WareThe Washington Post CompanySandra S. WhiteTimothy J. & Kendra L. WilhelmyMark W. WuchteTianming ZhangYuepin ZhouEric & Christy Zwygart

Up to $100

Michael T. BernsteinShane W. BurdaRobert D. & Jan E. EighmeTodd & Katherine R. MillerCarlos A. & Rebecca PerezCameron D. PotterJeffrey B. & Angela B. RashEdwin D. SmithRuil T. & Jane M. SpringerSean J. & Sarah P. ThomassonMichael A. & Jennie K. Welner

* The above list reflects gifts made to specific accounting funds for the fiscal year of July 2011 to June 2012.

All of us at the Florida State University College of Business are excited about our $65-million new building campaign, which will go a long way toward our efforts to grow, prosper and strengthen the educational experience for generations of business students to come.The five-story business building, tentatively called Legacy Hall, will provide a 67-percent increase in instructional space, along with technology and collaborative spaces needed to provide tomorrow’s business education.“The new building will be transformative for us,” said COB Dean Caryn L. Beck-Dudley. “Architecture defines who we are and who we want to be. We are a great business school currently housed in a modest facility. A magnificent building will define our future, not only for our students, faculty and alumni, but also for our friends and the business community at large.”

Take a moment to view our plans for Legacy Hall at cob.fsu.edu. And please consider leaving your own legacy by contributing to our building campaign, cob.fsu.edu/give.

Department of Accounting P.O. Box 9061110 Tallahassee, FL 32306-1110

Be Part of the LegacyPLANS FOR NEW $65-MILLION COLLEGE OF BUSINESS BUILDING MOVING FORWARD

Rendering of Legacy Hall, the new College of Business building.

http://www.cob.fsu.edu/give

volume 17, issue 1 in this issue: chair’s message

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