2012 Newsletter School of Accountancy of Accountancy ... celebrate at the conclusion of this academic year, ... accreditation project was successfully completed this year

School of Accountancy

Robert J. Trulaske, Sr.College of BusinessUniversity of Missouri

Greetings from Mizzou School of Accountancy

2012 Newsletter

2 School of Accountancy 2012 Newsletter

Dear School of Accountancy Alumni and Friends,

Greetings from the University of Missouri! We have had a great year here at Mizzou and I am eager to share with you our accomplishments, activities, and points of pride for the year. We have several milestones to celebrate at the conclusion of this academic year, including:

• 3 new faculty hires

• AACSB reaccreditation

• Highly notable research, teaching, and service accomplishments from our excellent faculty

• Significant expansion of our tax curriculum

• Successful launch of a new study abroad initiative in Chile (and soon, Argentina) for our Master’s students

• Numerous high-profile and meaningful professional development events for our students

• Continued great news on job placements and a tremendous variety of accomplishments from our students.

Our AACSB maintenance of accreditation project was successfully completed this year. We received sev-eral commendations and, needless to say, we will continually strive to maintain our high quality and assur-ance of learning mechanisms. Our faculty accomplishments in research, teaching, and service are detailed in

pages 4-8 – they are truly an impres-sive group and represent the back-bone of our academic prowess. Our new faculty hires are described on page 9 – we welcome them to Mizzou and are very excited by their talents and potential. In fact, with Professor Rachel Wilson’s hiring and addition to the tax faculty (complementing our existing strengths in Professors Bill Moser and Raynolde Pereira), we are planning a significant enhance-ment of our tax curriculum. Other enhancements include a newly initi-ated study abroad program that has been carefully tailored for accoun-tancy students (please see page 34).

The School’s 150-hour and grad-uate programs continue to fly high (please see page 24). These are affirmed in our national rankings and, more importantly, in content dimensions such as student creden-tials, internships/placements, faculty research productivity, and alumni support. In addition to a variety of curricular advances, collaborative learning opportunities and learning-imbued celebrations for our students, faculty, and alumni abound. Many of these are described and pictured in this newsletter:• a keynote address by Senator Chris

Dodd on the Dodd-Frank bill at the Orin Ethics Symposium (page 14)

• a talk by BKD’s former CEO Neal Spencer to our admit class on accounting careers and professional growth (page 25)

• a keynote address to our graduating class by PwC Vice Chair – Clients & Markets (and

Mizzou grad) Greg Garrison (page 26)

• a visit by KPMG Partner in Charge of Audit Quality (and Mizzou grad) Boyd Behnke with our Beta Alpha Psi students (page 20)

• a leadership forum with Grant Thornton CEO Stephen Chipman to focus on globalization and implications for the accounting profession/education (page 30)

• guest lectures by several alumni such as Andy Miller (Ernst & Young), Chris Barbee (PwC), José Gutiérrez (AT&T), and Mike Harreld (Southern Company Services – retired), among others (page 42)

• team-teaching by several alumni such as Scott Picker (Deloitte), Nikki Krawitz (UM system), Dave Myers (Whitlock), Brett Lewis (Grant Thornton), and Jeff Meyer (CBS), among others (page 43)

• a forum on opportunities in fraud examination and forensic accounting by Angela Morelock (BKD) and David Swiney (KPMG) at the Dawdy Speaker Series (page 10).

Our vibrant student organizations (pages 18-22) continue their tradition of linking to the professional com-munity as well. Our employer and donor support is also very impressive. For example, we have several named faculty positions such as those from BKD, CBIZ MHM, Deloitte, Ernst & Young, KPMG, Nikolai, PwC, and Williams Keepers. Combined with student scholarship support from

Message from the Director

private donors as well as accounting firms (page 23), they reflect so well on the strong and excellent ties that we at Mizzou have with our alumni, friends, recruiters, and the practitio-ner community. They also underline the importance and enduring value of healthy and thriving public-private partnerships. Our advisory board (page 39) is our gateway to building these enduring relationships and, for that and more, we remain grateful to our Board for their highly construc-tive role in our progress.

At the end of it all, our success is magnified – if not made possible in the first place – by the success of our alumni, who come back to give so generously of their time and support to us, as exemplified by our Daven-port Society initiates and Alumni Citation of Merit recipients (page 44). A cross-section of the experiences, reflections, and motivations underly-ing this cycle of learning and giving is gloriously exemplified by several of our very successful alumni in the section titled “R-E-W-I-N-D: Reminis-cences about Mizzou” (page 46).

In this vein, I request your con-tinued support and also ask that you remain in touch with us. You can do so by filling out the Alumni Update form on page 51 of this newsletter. In addition, you can send us information by e-mail to [email protected]. You can also visit us on the web at accountancy.missouri.edu. Our Face-book page is loaded with event pic-tures, memories, and the energy of There’s only one Mizzou!

Thank you – and, on behalf of our faculty and staff in the School of Accountancy at Mizzou, I wish you all a great 2012-2013. Go Tigers!

Best Regards,

Vairam ArunachalamDirector, School of Accountancy

accountancy.missouri.edu

facebook/MizzouAccountancy

University of Missouri School of Accountancy

Email: [email protected]

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Mission

The mission of the School of Accountancy is to provide programs that are at the forefront of accounting education. The mission is three-fold in nature: educational, research, and service. The School’s educational mission is to provide students with the knowledge, learning capabilities, and personal and professional skills necessary to excel in professional and academic careers. The school’s research mission is to create economic and social value through the discovery, application and dissemination of knowledge related to accountancy theory, practice and education. The school’s service mission is to maintain a close relationship with the accounting profession and to fulfill its service responsibilities to the academic community and society.

Vairam Arunachalam Director & PricewaterhouseCoopers/Joseph A. Silvoso Distinguished Professor

Billie M. Cunningham Ernst & Young Teaching Scholar

Jere R. Francis Robert J. Trulaske, Sr. Chair and Curators’ Professor

Inder K. Khurana KPMG/Joseph A. Silvoso Distinguished Professor

Elaine G. Mauldin BKD Professor

William J. Moser Williams-Keepers Teaching Scholar

Raynolde Pereira Arthur Andersen & Co. Alumni/ Joseph A. Silvoso Distinguished Professor

Chris Prestigiacomo Nikolai Teaching Scholar

Kenneth Shaw Deloitte Professor

Named Faculty Positions

2012 Newsletter School of Accountancy 3


Vairam Arunachalam (PhD, Illinois ’91), Director of the School of Accoun-tancy & PricewaterhouseCoopers / Joseph A. Silvoso Distinguished Professor, continues his teaching in the area of Forensic Accounting and Fraud Examination. In addition, he helped coordinate and organize the Orin Ethics Symposium, Dawdy Speaker Series and Grant Thornton Leadership Forum, among many other educational forums for students, professionals, alumni, and faculty. This past year, Professor Arunacha-lam helped the School of Accoun-tancy successfully complete AACSB reaccreditation and also successfully hire three new faculty members. In addition, he continued his service as Chair of the Research Foundation of the Institute of Management Ac-countants (IMA). He also continued to serve as an academic member of the Board of the Accounting Program Leaders Group (APLG). This past year, he completed his term of service as a member of the Association of Certi-fied Fraud Examiners (ACFE) Higher Education Advisory Committee.

Billie Cunning-ham (PhD, North Texas ’80), Ernst & Young Teach-ing Scholar and Teaching Professor. Professor Cun-

ningham currently teaches the first undergraduate elementary account-ing course and the MBA Accounting for Managers course. She continues to serve as the advisor to Beta Alpha Psi. She is the lead author with Loren Nikolai and John Bazley of the third edition of Accounting Information for Business Decisions which was published in July 2010. This year, she was on the panel “Bridging the Great Divide: Action Research for Improv-ing Accounting Education and as Scholarly Research,” at the Ameri-can Accounting Association annual

meeting. In addition, her article, Introductory Accounting as Theatre: A Look behind the Scenes of Large-Lecture Production,” was published in Issues in Accounting Education. This year, Cunningham received the 2010-2011 Robert J. Trulaske, Sr. Col-lege of Business Faculty Member of the Year. She also was inducted into the Hall of Honor of the Teaching, Learning, and Curriculum Section of the American Accounting Association (funded by the KPMG Foundation). Cunningham is Chair of the School of Accountancy’s 150-Hour Program Policy Committee. She serves on the American Accounting Association’s Accounting Education Committee and is Vice-President and incoming President of the Missouri Association of Accounting Educators. She serves on the editorial board of Issues in Ac-counting Education and the editorial advisory board of Accounting Educa-tion: An International Journal.

Jere R. Francis (PhD, University of New England, Aus-tralia’82), is the Cu-rators’ Professor, Trulaske Chair, and Director of

the Accountancy Ph.D. program. He teaches doctoral research seminars. During the 2011-12 academic year, Professor Francis published papers in the following journals: The Account-ing Review; Contemporary Accounting Research; Accounting, Organizations and Society; and Auditing: A Journal of Practice and Theory. He also present-ed his research at the annual meeting of the American Accounting Associa-tion, plus invited presentations at University of Arizona, HEC Montreal, Laval University (Canada), Michigan State University, Bond University, and Bocconi University (Italy). Professor Francis serves on the editorial board of The Accounting Review, Review

of Accounting Studies, Auditing: A Journal of Practice & Theory, and is an editor at Contemporary Accounting Research.

Kristen Hockman (MAcc, University of Missouri, 2000), Assistant Teach-ing Professor, continues to teach Computer-Based

Data Systems, Cost and Managerial Accounting, Governmental Account-ing, and Audit Theory and Practice I. She continues to serve as the Course Coordinator for the Computer-Based Data Systems course. Professor Hock-man is the Campus Coordinator for the Becker CPA Review course. In this role, she informs students about the CPA Exam, assists students with the CPA Exam application process, schedules the review classes, facili-tates 7-10 of the live Becker review classes taught on campus each se-mester, instructs an online section of the review course for Mizzou students each semester, and provides students with support and guidance as they prepare for the CPA Exam. Profes-sor Hockman is currently serving her 5th year as a member of the Finance Committee for the Mizzou Alumni Association. During the past year, Professor Hockman was awarded a 2011 PricewaterhouseCoopers IN-Quires Grant and won the Williams-Keepers Teaching Award. She and her husband, Jade, have two daughters and own two martial arts schools in Columbia.

Inder Khurana (PhD, Arizona State University ’89), KPMG Profes-sor, teaches the capstone course fo-cusing on business

strategy, financial statement analy-sis, and valuation in the 150-hour program, and the capital markets re-search seminar in the Ph.D. program. He continues to research on topics in

❚ Faculty Activities

Faculty Activities


the financial reporting and audit-ing areas. His coauthored papers titled “Managerial Compensation and the Debt Placement Decision.,” and “Mandatory IFRS Adoption and the U.S. Home Bias,” were published in Journal of Corporate Finance and Accounting Horizons, respectively. His coauthored paper titled “Audit Market Concentration and Auditor Tolerance for Earnings Management,” is also forthcoming in Contemporary Ac-counting Research. His work was also presented at the annual meetings of the American and the European Accounting Associations. Professor Khurana continues to serve on the Editorial Boards of The Accounting Review, Contemporary Accounting Research, and Auditing: A Journal of Practice & Theory.

Kyonghee Kim (PhD, Pittsburgh, ’05), Assistant Professor. Profes-sor Kim’s teach-ing interests are in financial and

managerial accounting. She cur-rently teaches the cost/managerial accounting course. Her research focuses on incentive compensa-tion design, corporate voluntary disclosure and financial reporting, and corporate governance. She has published in scholarly journals such as The Accounting Review, Journal of Management Accounting Research, Journal of Corporate Finance, and The Financial Review. Her paper pub-lished in Journal of Corporate Finance examines how large shareholders’ investment horizons affect firms’ de-sign of managers’ compensation. Her co-authored paper in The Accounting Review examines how managers use accrual management and guidance of analysts’ earnings expectation to meet investors’ earnings expecta-tions, and how the relationship be-tween these two mechanisms varies with constraints on managers’ ability to use accrual management. She is an active member of the American

Accounting Association. She also serves as an ad hoc reviewer to jour-nals, such as The Accounting Review, Journal of Corporate Finance, Journal of Banking and Finance, and Journal of Financial Review.

Penny Kleen (PhD, Univer-sity of Missouri-Columbia, 1996), assistant teaching professor, joined the faculty in 2007

after serving as a visiting professor at MU for a few years. Professor Kleen enjoys teaching Financial Account-ing Theory & Practice I, II, and III to the accounting majors and Financial Accounting Concepts to the finance majors. She continues to serve as the faculty advisor to the Association of Accountancy Students (AAS), serving since 2009.

Elaine Mauldin (PhD, Nebraska ’97), is an associate professor and the BKD Professor. She teaches Account-ing Information

Systems and IS Control & Assurance. Professor Mauldin also conducts research in assurance and corporate governance. Her current projects examine auditor judgments and internal control deficiencies or board of director/audit committee effec-tiveness. Three of her current studies have been presented at national conferences or academic workshops this year. She has published papers in leading accounting journals such as The Accounting Review, Journal of Information Systems, and Account-ing Organizations & Society. She is also serving the profession on the R&D Committee of the Information Systems Section of the American Accounting Association (AAA) and is a member of the AAA finance com-mittee. In addition to serving as a re-viewer for The Accounting Review and various accounting journals, Profes-

sor Mauldin is an Associate Editor for Journal of Information Systems.

William Moser (PhD, Arizona ’05), is an associate teaching professor. Effective Fall 2011, Professor Moser has been appointed

to the Williams Keepers Teaching Scholar position.

He teaches Introduction to Indi-vidual Income Tax (4353), Taxation of Corporations and Shareholders (8373), Taxation of Partnerships (8383) and Taxation of Trusts, Gifts and Estates (8393). Professor Moser was honored with the 2010 Provost Outstanding Junior Faculty Teach-ing Award and the Williams Keepers Teaching Excellence Award. Professor Moser published his co-authored paper titled “Bank debt covenants and firms’ responses to FAS 150 li-ability recognition: Evidence from trust preferred stock” in the Review of Accounting Studies. The paper exam-ines the relation between accounting based debt contracts and the eco-nomic response of firms with trust preferred stock (TPS) to mandated liability recognition under Financial Accounting Standard (FAS) 150. Over this past year, Moser was featured in a “Day in the Life” article in the Missouri Society of CPAs (MSCPA) magazine, The Asset.

Raynolde Pereira (PhD, Arizona ‘01) is an associ-ate professor and the Andersen/Silvoso Professor. He teaches in the

area of taxation and financial report-ing. His research interests primarily involve corporate tax, accounting and disclosure quality, and interna-tional accounting and auditing. He has also carried out research in the areas of corporate financing, interna-tional auditing, and not-for-profit and regulatory reporting. His work has


been published in leading account-ing, finance, and law journals such as the Journal of Financial and Quanti-tative Analysis, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, and Journal of Law and Econom-ics. His work has been presented at international, national, and regional accounting and finance conferences. He is an active member of the Ameri-can Accounting Association. He also serves on several committees within the International Accounting and Tax Sections of the American Accounting Association. He also serves as an ad hoc reviewer to journals such as The Accounting Review and Contemporary Accounting Research.

Chris Prestigiacomo (PhD, University of Missouri ’95), Asso-ciate Teaching Pro-fessor. He serves as the coordinator of

the School’s AACSB maintenance of accreditation efforts. He has taught the second principles course (2037), cost/managerial (3347), the inter-mediate financial course for finance majors (4356), the capstone (8450) and two MBA modules he developed in financial statement analysis. In addition, Prestigiacomo has been selected to teach in the new executive MBA Program. He was honored as the Faculty Member of the Year (May 2008) by the students of the Trulaske School of Business, Teacher of the Year (June 2009) by the Kansas City Alumni, Williams-Keepers Teaching Excellence Award (2008 and 2010) and the Lambda Chi Alpha Professor of the Year (2010). He has earned the Chartered Financial Analyst (CFA) designation as well as that of Certi-fied Management Accountant (CMA). Recently, he served as an editor for Cengage Publishing. Effective Fall 2011, Professor Prestigiacomo was appointed to the Nikolai Teaching Scholar position.

Ken Shaw (PhD, Wisconsin, ’95), associate professor and Deloitte Pro-fessor. He currently teaches financial accounting. He is

the faculty advisor for the School’s student chapter of the Association of Certified Fraud Examiners. During the year Professor Shaw’s paper on CEO compensation was published in Review of Quantitative Finance and Accounting, his paper on account-ing quality and the cost of debt was published in Research in Accounting Regulation, and his paper on changes in market liquidity around 20-F fil-ings was accepted for publication in Research in Accounting Regula-tion. He presented his research at an invited research workshop at University at Mississippi. His current research examines issues relating to international financial accounting standards, stock option accounting, research and development costs, and institutional trading. In addition to serving as an ad hoc reviewer for sev-eral accounting and finance journals, Professor Shaw serves on the edito-rial boards of the Journal of Business Research and Research in Accounting Regulation. He also serves on the Trulaske College of Business Strategic Development Board.

Patrick Wheeler (PhD, Georgia State, ’99), associ-ate professor, CBIZ MHM Scholar, teaches “Account-ing Information Systems” and “Ac-

counting Information Systems Analy-sis and Design.” Professor Wheeler’s research focuses on behavioral issues in the business uses of information technologies, especially the effects of using computer-based decision aids on business decision making. During 2011 – 2012, he published three aca-demic papers in Journal of Informa-tion Systems, International Journal of

Accounting Information Systems and Strategic Finance. Professor Wheeler is currently working on five research projects, four of which are near completion. In addition to being an ad hoc reviewer for several journals, Professor Wheeler is an Associate Edi-tor on Behavioral Research in Account-ing and is on the editorial and review boards of the Journal of Information Systems and the International Journal of Accounting Information Systems. He is also the current secretary for the IS section of American Accounting Association and is a CPA and a CITP (Certified Information Technology Professional). He will be leaving MU in fall 2012 to start at a new position at University of South Florida’s School of Accountancy in Tampa. He wishes to express his deepest gratitude for 10 wonderful and productive years at the University of Missouri and MU’s School of Accountancy!

May Zhang (Ph.D. University of Texas at Austin, ’05) is an assistant professor. Professor Zhang teaches interme-diate financial

accounting. Her research interests include corporate governance, execu-tive compensation, and international financial reporting standards (IFRS) adoptions. Currently, she is examin-ing the relations between corporate governance structure such as board of directors’ characteristics and ex-ecutive compensation decisions and firm tax strategies. She is also work-ing on research examining the capital market consequences of IFRS adop-tions around the world. Professor Zhang’s research has been published in The Accounting Review and Journal of Business Finance and Account-ing. Professor Zhang is a member of American Accounting Association. Prior to getting her graduate degrees, Professor Zhang worked as a financial analyst in retail and pharmaceutical industries.

Faculty Activities


Jim Cali, Adjunct Professor. After spending 25 years as a CPA in law enforcement and a couple years work-ing in the public

accounting for an international forensic accounting firm, Jim Cali joined the School of Accountancy to teach a course in forensic account-ing and financial investigations. This year Jim accepted an invitation to join the White Collar Crime Research Consortium (WCCRC). The WCCRC is a division of the National White Collar Crime Center whose mission is to promote increased public aware-ness of the impact and burden of white collar crime on society through dedicated research. The large number of forensic accounting and financial investigation that Jim has conducted over the years has been a great re-source to provide the students with a realistic look into the world forensic accounting. Jim also began sharing his cases with Dr. Joseph T. Wells, founder and Chairman of the Asso-ciation of Certified Fraud Examiners (ACFE) and Laura Hymes, Managing Editor at ACFE on a new book to ex-pose bribery and corruption schemes in government, private companies, and nonprofit organizations. One of Jim’s cases was selected for publica-tion in the ACFE’s bribery and cor-ruption casebook, “A View From Un-der The Table.” This book is designed to give the student a rare insider’s view of how each instance of bribery or corruption was engineered, how it was investigated and how the perpe-trators were brought to justice. Jim’s second forensic accounting research paper titled, “The Good, The Bad & The Ugly” a comprehensive analysis on embezzlement was recently pre-

sented and published by the Forensic Accounting Section of the American Accounting Association.

Kari Gingrich (MAcc, University of Iowa, 2008), CPA, Adjunct Professor, began her second year with the MU Accounting De-

partment in 2011 after beginning her career in higher education teaching introductory accounting and eco-nomics courses at the University of Iowa. While at Iowa, she earned the Byron G. Ross award for excellence in accounting instruction. Kari worked for KPMG in Chicago and Des Moines before relocating to Columbia with her husband and son to pursue a career teaching. She began teaching the Introduction to Federal Income Taxation course at MU, a required tax course for accounting majors. Kari currently teaches Financial Accounting Concepts, an intermedi-ate accounting course for business majors, and serves as a job coach to students involved with business in-ternships through MU’s Professional Development Program. She continues to stress the importance of written communication in business while teaching and assigns various writ-ing to enhance the students’ skills in this area. Kari is a licensed CPA in the state of Missouri.

Ericka Kranitz (MS Accounting, UMKC, 1987), is an adjunct professor teaching the Inter-nal Auditing course in the School of

Accountancy. This course covers the entire internal audit process

❚ Adjunct Faculty Activities

Qiuhong Zhao (Ph.D., Colorado, 2010), Assistant Professor. Qiuhong Zhao is a member of the American Accounting As-

sociation. Qiuhong’s current research focuses on the consequences of regulations and financial reporting standards and the role of financial intermediaries. First, her research helps explain whether regulations have effectively remedied market fail-ure and/or financial crisis. Second, her research addresses the significant role of financial intermediaries (or monitors) in the capital markets. Qi-uhong presented her study, “Auditor Switches in the Banking Industry: Ev-idence from the Pre-Financial Crisis and Financial Crisis Periods,” coau-thored with Inder Khurana and Sarah Stein, at the University of Kentucky this March. Qiuhong also presented her research concerning the conse-quences of the Sarbanes-Oxley Act of 2002 at the Journal of Accounting and Public Policy Conference in May.


and addresses other critical topics such as enterprise risk management and essential interpersonal skills. This course prepares students for entry-level internal audit positions. Ericka worked in the internal audit profession for 17 years and was the Director of Internal Audit at NC State University prior to moving to Colum-bia. Ericka also teaches a Nonprofit Financial Management and an Award Management course in the Truman School of Public Affairs as part of the Masters of Public Administration pro-gram. Ericka works for the University of Missouri System and is responsible for establishing a system-wide train-ing initiative focusing on identifying, developing, and delivering training for sponsored programs and other financial related compliance require-ments.

Lauren Milbach (MAcc, University of Missouri, 2007), CPA, is Assistant Director of the 150-Hour and Master of Accoun-

tancy Programs. In her new role, Lauren is assisting in the formulation and implementation of a variety of strategic initiatives as well as opera-tional functions to further enhance our nationally ranked accountancy program. Her areas of responsibil-ity include advising, internships/placement, professional develop-ment, study abroad initiatives, and teaching, among others. Lauren is the new faculty advisor for NABA (the National Association of Black Accountants) and continues to teach Acct 2010 (Introduction to Account-ing for non-Business Majors). Lauren also coordinates and co-facilitates Acct 8419 (International Accounting), a winter inter-session study abroad course. At the conclusion of the US-based portion of the course, Lauren takes the graduate-level Accounting students abroad to see the principles learned first-hand. The program

went to Santiago, Chile in December 2011. Lauren worked as an auditor for KPMG LLP in Dallas, Texas, her hometown, after graduating from Mizzou. She moved back to Columbia in 2008 to pursue a career in private industry, and worked for SEMCO LLC, a global manufacturing company, as their Financial Reporting Manager. She has taught Acct 2010 as a part-time adjunct faculty member in the School of Accountancy since the fall of 2009. As a graduate student, she also taught Acct 2258 (Computer-Based Data Systems). Lauren holds an active CPA certificate in the State of Missouri and is a member of the Missouri Society of CPAs (MSCPA), for which she serves on the leadership committee of the Central Chapter. Lauren is also the Race Chair for the 2012 Mid-Missouri Susan G. Komen Race for the Cure, to be held Septem-ber 16 in Columbia.

Loren Nikolai (PhD, Minneso-ta,’73). As an Ernst & Young Profes-sor Emeritus, he taught one section of the first honors

elementary accounting course in the fall semester and one section of the second honors elementary account-ing course in the spring semester on a volunteer basis, primarily for the Cor-nell Leadership Program students. In October, he participated in the Missouri Association of Accounting Educators meeting. He also played 231 rounds of golf last year and hopes to break 250 this year. However, his goal may not be achieved because he has again volunteered to teach one section of the first and second honors elementary accounting courses next year.

John J. Sheehan (JD/MBA, St. Louis University), CPA, Adjunct Profes-sor. John teaches a section of Taxation of Business Enti-

ties in the Masters of Accountancy Program. The course focuses on tax technical issues involving various forms of business entities including corporations, subchapter S entities and partnerships. The students as well complete assignments involving tax compliance, tax research and tax planning impacting the various types of business entities. Class projects and discussions include a focus on strategies to enhance tax efficient structures to business enterprises. He is a partner with Williams Keepers LLC and is officed in Jefferson City. Williams-Keepers is a CPA firm of approximately 100 professionals and 15 partners celebrating its 90th year of service to Central Missouri. John’s practice includes tax advisory ser-vices to closely-held businesses and their owners. He is past chairman of the Jefferson City Chamber of Com-merce and the Jefferson City YMCA and currently active in a variety of civic and community boards.

Faculty Activities


Matt Glendening has been hired as an Assistant Professor of Ac-countancy. He is scheduled to earn his Ph.D. in Ac-

counting (2012) from the University of Iowa, where he also earned his Bachelor’s degree in Accounting. His research interests pertain to the areas of financial reporting, earnings man-agement, and the political economy of accounting standard setting. His dissertation examines critical ac-counting estimate disclosures and the value relevance of balance sheet items. His other research relates to topics such as the consequences of critical accounting estimate disclo-sures for the behavior of managers and analysts, and the role of lobbying during the stock option expensing debate surrounding SFAS No. 123(R). His teaching interests are in the areas of financial accounting, financial statement analysis, and managerial accounting. Professor Glendening will be teaching financial accounting classes at Mizzou.

Musa Subasi has been hired as an Assistant Profes-sor of Accountancy in the financial accounting area. He is scheduled to

earn his Ph.D. in Accounting (2012) from the University of Texas at Dallas. He received a MS in Economics (2007) from the University of Texas at Austin and a BS in Industrial Engineering (2005) from Bilkent University in Ankara, Turkey. His research inter-ests pertain to the areas of archival financial accounting, disclosure, and

sell-side analysts research. His work-ing papers and conference presenta-tions address topics such as investor recognition and liquidity; earnings dispersion and stock market reaction to aggregate earnings news; asym-metric stock price reaction to good vs. bad earnings news, and the changing nature of analyst research and bro-kerage firms’ market shares. Profes-sor Subasi will be teaching intermedi-ate accounting classes at Mizzou.

Rachel Wilson has been hired as an Assistant Teach-ing Professor of Accountancy in

the tax area. She received a J.D. (1998) from University of Missouri-Columbia and an LL.M. in Taxation (2000) from New York University. She has worked as a tax consultant with PricewaterhouseCoopers, LLP in St. Louis and New York City, as a tax at-torney with Blackwell Sanders Peper Martin LLP in St. Louis and, most recently, as a tax attorney with Jones Day in Dallas for nine years. While working at Jones Day, where her primary tax emphasis was multistate tax planning and controversy, she presented at numerous professional seminars and classes on state and lo-cal tax topics. She has published tax-related articles in various profession-al journals, including Journal of State Taxation (CCH), Journal of MultiState Taxation and Incentives, BNA Tax Planning International Review, Corpo-rate Business Taxation Monthly (CCH), BNA Tax Management Multistate Tax Report, and BNA Tax Management Weekly State Tax Reporter. Professor Wilson will begin teaching tax classes full-time at Mizzou in August 2012.

❚ Welcome New Faculty2011-12 Research WorkshopsSeptember 9, 2011Paul Hribar, University of Iowa, presented “Counterparty Responses to CEO Personality”

April 13, 2012“Does Tax Deferral Enhance Firm Value?” presented by Ben Ayers, University of Georgia

April 27, 2012Frank Hodge, University of Washington, presented “Investors’ Reactions to Earnings Management: Do ‘Method’ and ‘Motive’ Matter?”


April 6, 2012. “Opportunities in Fraud Examination and Forensic Accounting” by Angela Morelock, BKD LLP, and David Swiney - KPMG. Our featured speakers, Angela Morelock and David Swiney, provided an extensive and valuable discussion of opportunities and challenges in the field of fraud examination and forensic accounting. Given that our accountancy program at Mizzou has courses in these areas, an Association of Certified Fraud Examiners (ACFE) student chapter, and many ACFE scholarships, the event was very well received. Snapshots from the event to follow.

MU accountancy alumnus Jay Dawdy BS Acc ’89, (President – Gryphon Strategies, New York) has established the

Dawdy Speaker Series in the Trulaske College of Business. This series focuses on forensic accounting, fraud examination, and regulatory issues. It is intended to align with the School of Accountancy’s courses in forensic accounting and fraud examination – and is designed to augment the classroom experience by creating an opportunity for

accountancy students and faculty members to collaborate with professionals and alumni. In conjunction with the speaker series, the School of Accountancy has also established a student chapter of the Association of Certified Fraud Examiners (ACFE), providing additional professional development and networking opportunities. Jay was recently honored by the ACFE (at its high profile annual conference) for his educational efforts in the area of fraud examination.

Dawdy Speaker Series

❚ Dawdy Speaker Series . April 6, 2012


The Dawdy Speaker Series event on April 6, 2012. Presenting an overview of forensic accounting concepts

David Swiney introducing his forensics practice role at KPMG to the audience

Angela Morelock and David Swiney talking to students after the presentationAngela Morelock introducing BKD’s forensics practice

❚ Dawdy Speaker Series Events


ACFE student officers with the speakers, Dean Joan Gabel, Jay Dawdy, Janie Harmon (Executive Director of Advancement), Phyllis Moore, Lauren Milbach, Kim Mueller (KPMG), and Vairam Arunachalam

Inder Khurana (L), KPMG Professor, with David Swiney Elaine Mauldin (R), BKD Professor, with Angela Morelock

Dawdy Speaker Series


Students, Faculty, and Staff, interacting with the speakers, Dean, and Jay Dawdy

David Swiney interacting with Dean Gabel (R) at the luncheonJay Dawdy with Janie Harmon (L)

ACFE students with Vairam Arunachalam


MU accountancy alumnus Richard M. Orin (BSBA ‘49), has established the Orin Ethics Sympo-sium in the Tru-

laske College of Business. Mr. Orin is an attorney and CPA in New York. He earned a BSBA in 1949 from MU and was elected into Beta Gamma Sigma business honor fraternity and Alpha Pi Zeta. While at MU, he was also a member of Alpha Epsilon Pi fraternity. He earned two degrees from New York University: a JD in 1955 and an LLM in taxation in 1957. Mr. Orin is a founding

member and former president of the American Association of Attorney-Certified Public Accountants. He was a 1988 DR Scott Memorial Lec-turer and is the author of Professional Ethics published by the Foundation of Accounting Education. Mr. Orin served in the US Navy in World War II and in the US Army in the Korean con-flict. He is the recipient of the Meritori-ous Service Award presented by the US Selective Service System. He resides in New York and has two children and six grandchildren. He is a member of the College’s Herbert J. Davenport Society.

The Orin Ethics Symposium series is designed to increase awareness and understanding of ethics issues in

business and accountancy. Past speak-ers have included former US Sena-tor Paul Sarbanes (2009) and Madoff whistleblower Harry Markopolos (2010). For 2011, our featured speaker was former US Senator Chris Dodd, as detailed in the announcement above. The event was very well attended and Sen. Dodd provided a very informative overview of the environment, goals, and processes underlying the Dodd-Frank legislation. Several areas were examined further during the Q&A ses-sion moderated by Dean Joan Gabel and Director Vairam Arunachalam. Snapshots from the symposium, cap-turing different components of the event, follow.

❚ Orin Ethics Symposium . October 21, 2011

Orin Ethics SymposiumOrin Ethics Symposium

Senator Dodd answering a question to alumni at the breakfast meeting


Students meeting with Senator Dodd at a special breakfast meeting Senator Dodd, alumni and students are welcomed by Vairam Arunachalam at the breakfast meeting

Alumni listening to Senator Dodd

❚ Orin Ethics Symposium Events

Alumni, Dean, Faculty, Students, and Staff with Senator Dodd


A full house in Bush AuditoriumDean Joan Gabel welcoming attendees to the Orin Ethics Symposium

Senator Dodd presenting to the audience

Senator Dodd with Randy Oberdiek (C) and Billie Cunningham (R)

Senator Dodd interacting with students after the presentation

Orin Ethics Symposium


A full house in Bush Auditorium Dean Joan Gabel and Vairam Arunachalam moderating the Q&A session

Senator Dodd sharing a lighter moment with Board Members Jim Morris, Brad Richmond, and Julie Cubbage

Advisory Board Members, Dean, Faculty, and Staff interacting with Senator Dodd


Association of Accountancy Students (AAS)

The Association of Accountancy Stu-dents (AAS) is a professional organi-zation open to both current and pro-spective accounting majors of any class level. The goal of AAS is to offer innovative meetings that broaden students’ knowledge about the ben-efits of a career in accounting, pro-mote communication within the School of Accountancy, and improve understanding of business etiquette and practices. By bringing in dif-ferent companies to give presenta-tions, it provides members an excel-lent chance to begin networking with potential employers for intern-ships and full time jobs. This year we have increased our community ser-vice around the Columbia area. We cooked meals for the Ronald McDon-ald House and partnered with Beta Alpha Psi to participate in the chili cook-off for the Boys and Girls Club. Association of Accountancy Students is a great way to get involved in not only the business school but the com-munity as well. The following execu-tive board committee leads AAS for the spring semester of 2012:

During the Spring and Fall semes-ters, the Association of Accountancy Students offers an assortment of innovative and informative meetings from a range of firms. The programs consist of a wide variety of topics ranging from interview and resume help, forensic accounting to financial advisors and auditing clients. This past spring we were fortunate enough to have PwC, KPMG, Ernst & Young, Boeing, and other companies present at our meetings to share their insights regarding what to expect of the Accountancy program, internships, and the early years in the account-ing field.

Email Anna Williams at [email protected] with any questions or comments you may have. For more informa-tion, please visit the Association of Accountancy Students website at business.missouri.edu/aas/.

AAS officers (from L to R): Megan Westhoff, Anna Williams, Katie Watson, and John Huddleston

business.missouri.edu/aas/


OfficersPresident: Anna Williams Vice President: Andrew ClarkSecretary: Katie WatsonTreasurer: Callie BartokProgram Director: Adam CurlandService Chair: Megan WesthoffPublic Relations: Nick Lucas Web Master: Ted WisniewskiStudent Council Rep.: Jake Maxwell Recruiting Officer: John HuddlestonRecruiting Officer: Ryan Gleason Faculty Advisor: Professor Penny Kleen

Student Organizations

❚ Student Organizations


Association of Certified Fraud Examiners (ACFE)The Association of Certified Fraud Examiners (ACFE) is an international professional organization dedicated to fighting fraud and providing fraud prevention training and education. Both student and professional chap-ters exist and provide opportunities for networking amongst those inter-ested in preventing and prosecuting fraud. The ACFE focuses primarily on white collar crime, including embez-zlement and financial misstatements.

The MU ACFE student chapter has enjoyed its third full year of exis-tence at the University of Missouri. The chapter has assisted in hosting visits from David Kotz, the Inspector General of the SEC and Jeff Meyer, the Vice President of Internal Audit for CBS. Professionals devoted to fraud prevention in Big 4 accounting firms, the FBI, and specialty forensic firms spoke at monthly chapter meetings; providing opportunities for students to discover the anti-fraud field as well as network with professionals in the field. These connections have led to internships, job shadowing oppor-tunities, and scholarships. In the fall of 2011, MU ACFE finished in the Top Ten of the National AICPA Fraud and Forensic Accounting Competition. For more information, visit our Web-site at acfe.missouri.edu.

L to R: Henry Cargill, Jason Maniaci, Andrea Beard, Paul Moritz, Hunter O’Donnell, Blake Wayman

acfe.missouri.edu


OfficersPresident: Paul MoritzVP of Public Relations: Henry CargillVP of Professional Activities:

Jason ManiaciTreasurer: Hunter O’DonnellWebmaster: Blake WaymanSecretary: Andrea BeardFaculty Advisor: Professor Ken Shaw



Beta Alpha Psi, Gamma Theta ChapterBeta Alpha Psi is an international scholastic and professional orga-nization for financial information professionals. At Mizzou, member-ship to Beta Alpha Psi is an honor exclusively for GPA qualifying ac-countancy students admitted to the 150-Hour Accountancy Program. Throughout the year, Beta Alpha Psi holds meetings with accounting firms and other professional organizations. This year we held meetings with all of the Big 4 accounting firms as well as Williams-Keepers LLC, Rubin Brown, CBIZ, and Grant Thornton. Besides attending meetings with profession-als, we also participate in community service projects. Members of Beta Alpha Psi volunteer their time for the Central Missouri Food Bank, Adopt-a-Highway, Ronald McDonald House,

Grannie’s House, and Marine Parents. Members also assist the Trulaske College of Business by proctoring accounting exams and participating in Clean-up Cornell. This year the group participated in Business Week for the first time. This event includes service day, competition games, Di-versity Day, and many opportunities to raise money for the B-week benefi-ciaries. The group was very excited for the opportunity to participate and become more involved in the Tru-laske College of Business. Lastly, this spring we hosted a Picnic Day, which was an opportunity for students and

Beta Alpha Psi initiates

Beta Alpha Psi Initiation Banquet keynote speaker, Boyd Behnke

business.missouri.edu/bap/


firm members to get together for a fun day of picnic games, great food, and a relaxed atmosphere for networking. For more information, visit our web-site at bap.students.missouri.edu or like our Facebook and Twitter page.

OfficersPresident: Kelli GoesslingTreasurer: Patrick AustinVP of Professional Activities: Jordan DukeVP of Social Activities: Taylor HinesVP of Community Service: Megan MaxwellReporting Secretary: Allison ClementsWebmaster: Jeff MorrowFaculty Advisor: Professor Billie Cunningham



Beta Alpha Psi officers (L to R): Front Row: Jordan Duke, Jeff Morrow, Pat Austin; Back Row: Taylor Hines, Megan Maxwell, Billie Cunningham, Kelli Goessling, Allison Clements



National Association of Black Accountants (NABA)The mission of NABA is to address the professional needs of its members and to build leaders that shape the future of the accounting and finance profession with an unfaltering com-mitment to inspire the same in their successors.

The University of Missouri (MU) NABA Student Chapter sponsors several key programs and services designed to address the needs of all students majoring in the fields of accounting and finance. This past school year, MU NABA welcomed Deloitte, Ernst & Young, PwC, KPMG, McGladrey, and Edward Jones to our campus in hopes of learning and understanding more about the accounting and finance industry.

To promote and develop profes-sional skills as well as present under-classmen with several opportunities

in the accounting and finance world, MU NABA hosted its first annual “Know Your Options” series. The stu-dents benefited greatly from learning about potential interviews, intern-ships, and scholarship opportunities.

Throughout the year, MU NABA hosted Accounting 2036 & 2037 Exam Review Sessions; participated in Clubbin’ Night at TCOB and Fall Fest on the MU Campus during Septem-ber 2011; attended the annual NABA Central Region Conference in Dayton, OH during October 2011; organized community service events at the Her-itage Festival and several other events in the Columbia community; and participated in several other commu-nity service events such as Cornell Cares and Tiger Night of Fun.

NABA students at the Central Region Student convention in Dayton, Ohio: (from L to R): Darrick Jones, Kimaya Black, Tyrell Everett, Christine Munyikwa, DJaqui Johnson, Jamila Barnes

OfficersPresident: Christine MunyikwaVice President: DJaqui JohnsonTreasurer: Darrick JonesSCREP: Kimaya BlackSecretary: Jamila BarnesActivities Chair: Danielle JamesDelegate: Kristen MorrisonFaculty Advisor: Lauren Milbach


Accountancy Alumni ScholarshipJimmie R. BurkeenKrista K. Marklin

Accountancy Doctoral ScholarshipMatthew J. BeckBrett S. Kawada

ACFE Scholarship – St. Louis Chapter Andrea T. BeardPaul A. Moritz

ACFE Scholarship – Ritchie Jennings National ScholarshipAndrea T. BeardPeter M. LeichtPaul A. Moritz

Alumni With Arthur Andersen LLP AwardAdam T. AbdelhadiPaul A. MoritzJordan D. Read

Arunachalam Family ScholarshipSarah M. Meyer

Kim R. Bailey Memorial ScholarshipMargaret A. Oyler

BKD Accountancy ScholarshipsJacob C. EschenbrennerSarah N. FergusonJordan R. FischerAndy W. KiehlChristopher D. MillerMatthew T. MooreEthan D. StarkBrendan L. SteinwayMichael C. SternAlex G. SudbrockChristopher R. Walters

Kenneth L. Brown ScholarshipWilliam T. HuddlestonTommy E. Squires

Grace Botner Butler Endowed ScholarshipAshley M. Rogers

❚ Accountancy Student Awards 2011-2012

Accountancy Alumni ScholarshipJimmie R. BurkeenKrista K. Marklin

Accountancy Doctoral ScholarshipMatthew J. BeckBrett S. Kawada

ACFE Scholarship – St. Louis Chapter Andrea T. BeardPaul A. Moritz

ACFE Scholarship – Ritchie Jennings National ScholarshipAndrea T. BeardPeter M. LeichtPaul A. Moritz

Alumni With Arthur Andersen LLP AwardAdam T. AbdelhadiPaul A. MoritzJordan D. Read

Arunachalam Family ScholarshipSarah M. Meyer

Kim R. Bailey Memorial ScholarshipMargaret A. Oyler

BKD Accountancy ScholarshipsJacob C. EschenbrennerSarah N. FergusonJordan R. FischerAndy W. KiehlChristopher D. MillerMatthew T. MooreEthan D. StarkBrendan L. SteinwayMichael C. SternAlex G. SudbrockChristopher R. Walters

Kenneth L. Brown ScholarshipWilliam T. HuddlestonTommy E. Squires

Grace Botner Butler Endowed ScholarshipAshley M. Rogers

Stephen G. Butler/KPMG LLP ScholarshipMaikieta A. BrantleyTyrell J. EverettRoger E. GlasperAlicen L. IrbyDjaqui JohnsonNicole H. LacyChristine W. MunyikwaTanisha O. NoiseDevonne N. Theard

Deloitte & Touche Foundation FellowshipJohn D. CaffreyLogan M. GraceCatherine M. GreerKyle G. Shockley

Kenneth E. Dimitry Memorial ScholarshipMatthew J. Beck

Raymond C. Dockweiler ScholarshipJames A. HofmanKyle C. Pescaglia

Ernst & Young Accountancy ScholarshipKasandra K. BienhoffJohn M. DruryTyler J. HuezRebecca A. JohnsonNicole H. LacyMichael B. McNultyJason P. ManiaciMegan E. MaxwellRachel C. MuellerLauren E. MusecMolly K. OylerBrett M. ParkKelly M. SchwartzKristen M. SwagmanRyan M. WestallBlake M. Winchester

Federation of Schools of Accountancy AwardMelanie L. Brown

Financial Executives Institute Accountancy Awards St. Louis ChapterJordan C. DukeKansas City Chapter Rachel L. Campbell

Gregg & Cheryl Givens ScholarshipKaitlin M. Kilgore

Grant Thornton ScholarshipHailey B. CaywoodPatrick C. DyerLaura N. GreenfieldSarah E. GroschKyle A. Sitomer

Donald G. Hendren Memorial ScholarshipDaniel K. BaumbergerKaitlin M. ChitwoodNathan R. HutsonMaddy D. KellerBret A. SteffensGenesse L. Stoll

Arthur Wm. Hoffman ScholarshipPatrick G. AustinAnna E. Williams

C. Ray Holman ScholarshipAvis L. MarshallDavid J. Feldman

Ronald N. Kohl Memorial ScholarshipJeffrey M. BrandKevin A. Connors

KPMG LLP Scholarship AwardLauren A. EckhardtGerald W. AltheuserGrant C. BoydMichael P. DempseySteven C. HakeBrett J. HevalowCaleb P. HuhmannMegan E. LibbertAshley M. RogersMegan E. RotheStephanie M. Suntrup

Don Landers ScholarshipLauren M. PeirickLauren K. Wasinger

Clyde D. Mason Memorial ScholarshipsErika L. ChapmanChen ChenAndrew C. ClarkPatrick J. CollinsGage M. Fink

Lauren R. HeimKyle M. OranTaylor N. RegerJim Root W. Mark & Linda Meierhoffer ScholarshipBrianna L. JohnsonRachel L. Campbell

Missouri Society of CPAs (MSCPA) LEAP ScholarshipsMelanie BrownJohn ChapmanKaitlin ChitwoodBradley ErdbrueggerDjaqui JohnsonCaitlin SparksJoey Venturella

Monsanto ScholarshipLindsey N. BaroniNathan J. Matt

C. Richard Morehead Scholarship In AccountancyKatherine E. DeCarli

Outstanding Graduate Teaching Assistant AwardBrett S. Kawada

Outstanding Graduate Research Assistant AwardMatthew J. Beck

Public Company Accounting Oversight Board (PCAOB) ScholarshipJeremy Borowick

Bobbye & Scott Picker Scholarship In AccountingKyle R. Kuenzel

PricewaterhouseCoopers LLP Foundation ScholarshipsApril R. BrandtChristopher R. BattoclettiRoger E. GlasperWill A. HovaterMichael A. IkemeierShahzaib KhanStephanie M. KriegerMatthew S. LangYangyang Liu

Heather P. LynchPatrick M. McClainMichael C. McDonaldHannah R. MilesChris D. MillerJustin T. MooreClayton S. OttoTaylor K. PerkinsSeth M. PhillipsAlec G. RussellRyan P. SchiavoGreg M. SchmidtleinRyan W. SenciboyCaitlin M. SparksAshley M. SpiesKatherine E. WatsonSara A. WeidnerJaclyn M. WilliamsHui XieSharin Zarinkia

John W. Rader Accountancy ScholarshipsTyler CombestAllison S. ClementsGage M. FinkMichael B. McNultyBrett C. SorumKun TianYaoying WuMengbing YanLi YuWenying ZhangYiwen ZhangPeiyu Zhou

RubinBrown Accountancy ScholarshipTaylor S. Faerber

School of Accountancy Advisory Board ScholarshipJared J. AndersonMatthew A. CalvertMatthew J. ClementsRoss S. GordonDaniel A. HegerBo LiuPatrick M. McClainMadison A. MoedritzerAndrew L. PorterMegan E. RotheSarah E. SteinKyle M. TothShana N Voss

The John Schweitzer Accountancy GrantTaylor S. Faerber

Rudy T. JonesAndrew S. LongLisa J. McDonaldChristopher J. MuellerJames W. Munson

DR Scott Memorial ScholarshipXiaoke CuiBrad A. Schlosser

Patricia Vasterling Memorial ScholarshipBrittany N. Zatz

Weiss Family ScholarshipSteven C. HakeChristina M. Lane

Maxine (Jagels) Wharton & Lee L. Wharton Scholarship EndowmentHayley N. DennisJordan C. DukeTimothy M. GrayAdrien H. GrossheimDrew J. HawleyBarrett G. SmithWilliam S. StadlerSarah E. TalmadgeKatherine Wilmas

Williams-Keepers ScholarshipMatthew A. BakerWhitney C. DunnJustin A. GuevaraSarah M. MeyerEdita MuslicMarie C. Schulte

Earl Wilson Doctoral ScholarshipJoshua L. Gunn



As Director of the 150-Hour and Master of Accountancy Pro-grams, I am proud to be associated with such an outstanding program at the Uni-versity of Missouri.

The faculty provides our students with a top-notch education and our students are amongst the brightest at MU. Our program continues to be ranked nationally as a top program in both our undergraduate and graduate programs as well as nationally ranked in our pass rate on the CPA exam.

The number of students interested in accounting still remains strong. Students realize the value and ver-satility of an accounting degree. The number of upper level applications increased slightly this year; however, meeting the minimum requirements does not guarantee admission due to limited faculty resources. Our pro-gram has been in competitive admis-sion for approximately six years. The average GPA of our FS2012 Admit Class was above a 3.7. We admit approximately 140 students per year. To assist the students, the School of Accountancy awarded approximately 150 students with over $140,000 in scholarships this past year – many of these were GPA-based scholarships.

Our job placements continue to remain high every year. For 2011-2012, ninety-one percent of our grad-uates began work in public account-ing. Approximately seventy percent of students have an opportunity to do either a spring, summer, or fall internship for credit. These intern-ships normally result in full-time

employment. They not only do intern-ships and get permanent employment here in Missouri but also in cities outside of Missouri such as New York City, Chicago, Dallas, San Diego, Phil-adelphia, Los Angeles, Denver, Wash-ington, D.C., and Peoria. About eighty percent of our students locate in St. Louis or Kansas City.

The school is continually looking at new programs and ways to improve the education and success of our stu-dents. With the hiring of an Assistant Director of the 150-Hour Accoun-tancy Program, Lauren Milbach, the study abroad class was offered again and a group of 17 graduate students went to Santiago, Chile in December for an educational field trip. Begin-ning in the fall, we are expanding our tax curriculum for those students wishing to get a tax certificate. There will be new courses offered in part-nership, state, local and international tax.

The school has given our students amazing educational experiences outside the classroom by bringing in very high profile speakers for the Orin Ethics Symposium and the Dawdy Speaker Series. Several alumni also participate in our workshops and spe-cial events. Alumni assisted with the Career Options Workshop in Novem-ber. The panel included Christo-pher Briggs, assurance partner, PWC; Jeff Comotto, Vice-President, Taxes, for Anheuser-Busch In Bev World-wide and Anheuser-Busch Compa-nies; Kathy Graessle, Williams-Keep-ers Member Owner; Michael Powell, Audit Partner with KPMG; and Mike Weiss, Executive Director of Advi-sory Services, Ernst & Young. All

participants are alumni of our school except Michael Powell. In addition, the new admit class attends an Admit Workshop and Orientation Banquet in the fall. These events provide new admits with curriculum information and expectations of our program as well as opportunities to network with the firms. Neal Spencer, CEO of BKD, was the keynote speaker for our Ori-entation Banquet in September. Greg Garrison, an alumni and Vice-Chair of Clients and Markets with PwC in New York, gave our graduates an inspiring speech about the “recipe for success” at the May 2012 Graduation Banquet.

The school appreciates the sup-port of our alumni, the Accountancy Advisory Board, and the firms. We always welcome their participation in our workshops and assistance with internships and permanent employ-ment. The School of Accountancy now has a Facebook and LinkedIn page so everyone can stay connected to our school. Check out Facebook at facebook.com/MizzouAccountancy. The University of Missouri School of Accountancy group is an online community aimed at networking the current students & alumni of Miz-zou’s School of Accountancy with each other and with employers. To find us on LinkedIn, search for the group “University of Missouri School of Accountancy” and request to join. I am looking forward to another great year for our program and our stu-dents as well as welcoming the new FS2012 Admit Class to the School of Accountancy.

Phyllis Moore, Director of 150-hour and Master’s Programs in Accountancy

accountancy.missouri.edu MizzouAccountancy University of Missouri School of Accountancy


❚ 150-hour Accountancy Program Update

Accountancy Program Update


The BKD team with Mizzou staff

Our 2011 Admit Class Orientation Banquet was held on September 14. Our keynote speaker was Neal Spen-cer, CEO of BKD. Below are some snapshots from these events welcom-ing our new admit class. Each year, students also have an opportunity to attend a Career Options Work-shop to learn more about special-izations areas in accounting, such as audit, tax, and advisory services. Several alumni participated in this

Neal Spencer, CEO of BKD, was keynote speaker at the Admit Class Orientation Banquet

Careers Workshop panel for new admit class in November

year’s workshop (held on Novem-ber 14, 2012). The panel included Jeff Comotto, Vice-President, Taxes, for Anheuser-Busch In Bev World-wide and Anheuser-Busch Compa-nies; Kathy Graessle, Williams-Keep-ers Member Owner; Michael Powell, Audit Partner with KPMG; Christo-pher Briggs, assurance partner, PwC; and Mike Weiss, Executive Director of Advisory Services, Ernst & Young.

Elaine Mauldin (L) with Fred Helfrich, Wendy Henry, and Neal Spencer Randy Oberdiek, BKD-Kansas City

❚ 2011 Admit Class Orientation

2011 Orientation


On May 3, 2012, a banquet was held at the University of Missouri Alumni Center for members of the 2012 graduating class of the 150-Hour program to celebrate their graduation and to commemorate their experience at MU. The banquet was attended by faculty and staff. Our keynote speaker was Greg Garrison, Vice Chairman – Clients & Markets, PricewaterhouseCoopers. Greg delivered a very insightful and inspirational talk to our graduating students. Here are some memories from the event!

The graduation organizing committee

The graduating class on a cake!

❚ 2011 Graduating Class Banquet . May 3, 2012

2011 Graduating Class Banquet


Students keenly reviewing the composite pictures to ensure that they are on the graduation list

Students gathering at the Reynolds Alumni Center

While others seek a refreshment before reviewing the list

The graduating class on a cake!

Greg Garrison with Professor Loren Nikolai

Greg Garrison addresses the graduating classPhyllis Moore welcoming the graduating class


Students listen in rapt attention to Greg’s message Greg leads the MIZ-ZOU cheer

Melanie Brown is presented with the Outstanding Graduate Award by Vairam Arunachalam, who entertains a motion from the floor to have her make a speech

And so she ascends the stage…

❚ 2011 Graduating Class Banquet . May 3, 2012

2011 Graduating Class Banquet


Door prizes begin! And continue!

Kristen Hockman was presented with the Outstanding Teacher Award

Phyllis Moore delivering the thank you address


Brett and Mary Ann Lewis at the presentationThe Grant Thornton team at Stephen Chipman’s talk

❚ Grant Thornton Leadership Forum . April 20, 2012

Grant Thornton Leadership Forum

The School of Accountancy hosted Stephen Chipman, CEO of Grant Thornton, at Mizzou on April 20, 2012. Mr. Chipman delivered an excellent talk to accountancy students on globalization and implications for the accounting profession. He also met with faculty and staff while on campus. We thank Grant Thornton and especially Brett Lewis, Chris Reed, and Stephanie Daly for helping us with this very beneficial visit.


The Grant Thornton team with Mizzou staff

Stephen Chipman presenting to students at Bush Auditorium

Dale Wright (Trulaske College of Business Advancement Office) with Stephen Chipman in foreground

Stephanie Daly, Tim Zechman, and Mark Wuller of Grant Thornton

Q&A with students

Ken Shaw (L) with Dennis Childress of Grant Thornton


❚ Grant Thornton Leadership Forum Events

Gramt Thornton Leadership Forum

Professor Billie Cunningham is congratulated on her “Faculty Member of the Year” award at the Grant Thornton luncheon

Carolyn Harpole (L) and Jason McAdamis (R) with Professor Kyonghee Kim (C)

Chris Reed (L) and Chris Dalton (R) of Grant Thornton with Phyllis Moore (C)


Rooftop at TPS in Valparaiso, Chile. TPS manages all in-bound and out-bound cargo transfer for the Port of Valparaiso.

PwC offices in Santiago, Chile


An understanding of International Accounting fundamentals and cur-rent issues is in high demand these days. Even small, local companies with no physical presence overseas can engage in international activi-ties, as products are often purchased from overseas manufacturers and/or sold to overseas customers. These companies, as well as large multina-tional organizations, are seeking out professional expertise in the areas of

accounting services, compliance, tax regulation, and International Finan-cial Reporting Standards (IFRS). In late fall 2011, we began offering a combination classroom/global expe-rience in an effort to give our students an edge in understanding the com-plexities and challenges of today’s global environment from an account-ing perspective.

The course began with six weeks of intense classroom coverage in Cornell

Hall, followed by a trip to Santiago, Chile from December 16 to Decem-ber 24. In class, we covered topics such as the reasons for accounting diversity worldwide, comparative accounting practices across cul-tures, international financial report-ing convergence, explicit coverage of IFRS, foreign currency transactions and hedging, international taxa-tion, international transfer pricing, and strategic management issues in

❚ Study Abroad Update

Study Abroad Update

Lauren Milbach, Assistant Director of 150-hour and Master’s Programs in Accountancy

Students enjoying a presentation at Banco Santander

Students with Investor Relations Manager, Robert Moreno, at Banco Santander

Panoramic view of Valparaiso, the principal port of Chile


multinational corporations. Students were also tasked with researching and presenting on various cultural and historical facets of Chile and the various companies and organizations we would be visiting on our trip.

“Why Chile?” you ask. The econ-omy in South America happens to be growing amidst most of the world’s economic contraction. Chile plays a significant factor in that growth, as exports have increased due to Free

Trade Agreements, increases in com-modity prices have fueled economic growth (Copper mining accounts for approximately 10% of Chile’s GDP), and the 2011 country-wide adoption of IFRS has stimulated foreign direct investment in the country’s assets. The country was “ripe for the pick-ing,” in our minds.

The trip, itself, was a whirlwind of educational and cultural discov-ery. From the first day, students were

Students at the Yacht Club of Chile


completely immersed in a new cul-ture, where it is rare to find an Eng-lish-speaking person, much less a map or menu in English. Roughly 3 hours after landing in Chile, the stu-dents were sent on a city “scavenger hunt,” where they were encouraged to use the metro system, try new foods, visit museums and monuments, and soak in as much of the city as pos-sible. The second day was Sunday,

and the students travelled to a ranch in the Andes Mountains for a day of whitewater rafting, horseback rid-ing, zip-lining, swimming, and relax-ation. The rest was much needed; over the next four business days we went on ten professional site visits!

The professional visits consisted of a variety of companies and organiza-tions, designed to give the students and in depth understanding of the

Rooftop presentation at TPS in Valparaiso, Chile

Study Abroad Update

Students ready to go whitewater rafting on the Maipo River in the Andes Mountains

Students ready to go horseback riding in the Andes Mountains

The group with Guy Hooper, Export Manager at De Martino Winery


Chilean economy, the major players in, and the process of, importing and exporting, and a first-hand look at what some of the challenges can be in today’s global marketplace.

We visited the Chilean equiva-lent of the SEC and the AICPA, Banco Santander, the 8th largest bank in the world, PricewaterhouseCoopers, a university, the principal port of Chile, the outsourced U.S. back-office

operations of Experian, a non-profit organization that is aiming to stimu-late the impoverished community, and a boutique winery with global export operations.

All parts of the international busi-ness and accounting spectrum were discussed: the challenges of convert-ing to and adopting IFRS as a country, elevating the cultural status of the accounting profession and improving

La Moneda, the presidential palace

Lauren Milbach (L) and Phyllis Moore (R)


educational routes for those seek-ing to be accountants, learning what it’s like to be an expatriate working for one of the Big 4 in Chile, the dan-gers of being economically depen-dent on commodities such as copper, the challenges of working for man-agement based in another country, seeing the shipping vessels actu-ally being loaded and unloaded, and understanding the unique complexi-ties of dealing with U.S. import regu-lations. The students were encour-aged to ask questions and engage in discussion with our speakers, all of which were high-level managers or executives with a wealth of knowl-edge and experience to share.

Though the focus of the trip was academic, students engaged in cul-tural activities as well. Ample free-time was provided for exploring the city of Santiago and trying new foods. The daytrip to the coastal town of Valparaiso included a free after-noon for some much-needed “sun and sand” relaxation, and the visit

to the winery was topped off with a private tour and tasting and farewell banquet.

The School of Accountancy is currently planning next year’s trip, which will include both Chile and Argentina in January 2013.

Study Abroad Update

Board Members, L to R: Bob Kimes, Bob Maus, Marilyn Tromans, Julie Cubbage, and Brent Wilson


The semi-annual meeting of the School of Accountancy Advisory Board was held in Columbia on Octo-ber 21, 2011, with 14 members pres-ent. As part of the meeting, members attended the Orin Ethics Sympo-sium featuring Senator Chris Dodd. After lunch, the meeting convened with the following topics updated and discussed: the 150-hour program, internships, and placements, faculty recruiting, named faculty positions, AACSB maintenance of accreditation and fundraising. The second meet-ing of the Advisory Board was held on May 4, 2012, with 17 members pres-ent. Topics discussed were faculty hiring, appointments/awards and departures, AACSB maintenance of

Vairam Arunachalam addressing the board

accreditation, professional activities, 150-hour program, tax curriculum, and revenue/funding matters. The many contributions of the board are gratefully acknowledged. Below are some pictures from this past year’s board meetings.

❚ Advisory Board School of Accountancy

Advisory Board


✧ Beth Adair BS Acc’88, M Acc ’89 VP Tax Zynga Game Network, Inc. San Francisco, CA

✧ Kevin Boyer BS Acc ’93, M Acc ’93 Partner Ernst & Young LLP Kansas City, MO

Lori Caster BS Acc ’88 Group Vice President Schnucks Markets, Inc. St. Louis, MO

Jeffrey Comotto BS BA ’80, JD ’83 Vice President, Taxes Anheuser Busch Companies St. Louis, MO

Julie Cubbage BS Acc ’95 Vice President, Acct. & Finance Colliers Turley Martin Tucker Co. St. Louis, MO

Jay Dawdy BS Acc ’89 President Gryphon Investigations White Plains, NY

Robert Duckworth BS BA ’73 Partner Deloitte LLP Kansas City, MO

✦ Jeff Echelmeier BS Agr ’87, MS ’90 Member-Owner Williams-Keepers Columbia, MO

Jeff Gray BSAcc ’93 Partner PricewaterhouseCoopers LLP Kansas City, MO

✧ Michael Hart BSAcc ’99, MAcc ’99 VP, Treasury & Risk Mgmt. Isle of Capri Casinos, Inc. St. Louis, MO

Steven Hays BS BA ’80 Partner RubinBrown LLP St. Louis, MO

Frederick Helfrich BSAcc ’94 Partner BKD LLP. St. Louis, MO

Michael Hickenbotham BS Acc ’92 Partner Ernst & Young LLP St. Louis, MO

Nikki Krawitz MS Accountancy ’82 Vice President for Fin & Adm University of Missouri System Columbia, MO

Bob Kimes BS Acc ’94 Partner PricewaterhouseCoopers LLP St. Louis, MO

✦ Mike Koeppen BS BA ’81 Partner KPMG LLP Kansas City, MO

Jack Lay BS BA ’76 Senior Executive VP/CFO Reinsurance Group of America, Inc. Chesterfield, MO

Brett Lewis BS Acc ’84 Office Managing Partner Grant Thornton Kansas City, MO

Joseph Maloney, Jr. BS BA ’83, MA ’84 Partner KPMG LLP St. Louis, MO

Bob Maus BS BA ’81 Director of Global Business Strategies Monsanto Company St. Louis, MO

✧ James Morris BS BA ’76 Partner KPMG LLP Kansas City, MO

W. David Myers BS Acc ’84 Managing Partner The Whitlock Co. Springfield, MO

Randy Oberdiek BS Acc ’84 Partner BKD LLP Kansas City, MO

Janine Orf BS Acc ’81 Vice President-Investor Relations Patriot Coal St. Louis, MO

✦ John Passanisi BSAcc ’93 Partner Ernst & Young LLP Kansas City, MO

Brad Richmond BS BA ’79 Senior VP & CFO Darden Orlando, FL

Greg Rottjakob BSAcc ’87 Tax Managing Partner Deloitte LLP St. Louis, MO

✧ Russ Starr BS BA ’73 Managing Partner Williams-Keepers Columbia, MO

Steve Sutton BS ACC ’82 MAcc ’84, Ph.D. ’87 KPMG Professor University of Central Florida Orlando, FL

Marilyn Tromans BS BA ’75 CFO Blue Cross & Blue Shield of KC Kansas City, MO

Paul Vogel BS Acc ’89, M Acc ’90, JD ’93 President & CEO Argos Partners, LLC St. Louis, MO

Brent Wilson BS Acc ’94 Managing Director CBIZ/MHM Kansas City, MO

2011-2012 Advisory Board Members ✦ Joined Board during the year ✧ Rotated off Board during the year

Board Members, L to R: Randy Oberdiek, Russ Starr, and Bob Duckworth Board Members Jeff Comotto (L) and Dave Myers (R)

Advisory Board

Three Accounting Alumni and One Friend of the School Are Among 2011 InducteesThe 23rd annual banquet of the college’s Herbert J. Davenport Society was held in Columbia on Oct. 14, 2011. Named after the college’s first dean, the society promotes private participation in the support and development of the college. The School of Accoun-tancy is very proud that three of the 2011 induct-ees are accountancy alumni and one friend of the School. New members (accountancy alumni) are Jeff Austin, José Gutiérrez, and Mariel Liggett. Steven Rafferty is a friend of the School of Accountancy and has been a supporter for many years.

Jeff Austin BSAcc ’86 Retired Southern Methodist University Wellesley Hills, MA

José Gutiérrez BSAcc ’84, MAcc ‘85 President & CEO AT&T Advertising Solutions Dallas, TX

Mariel Liggett BS BA ’71 Member-Owner Williams-Keepers Columbia, MO

Steven Rafferty Friend Partner BKD LLP Springfield,MO

❚ Davenport Society October 14, 2011

Davenport Society


Accountancy Alumni Scholarship

School of Accountancy Advisory Board Scholarship

Alumni with Arthur Andersen LLP Award

Arunachalam Family Scholarship

Kim R. Bailey Memorial Scholarship

BKD Accountancy Scholarships

Kenneth L. Brown Scholarship

Grace Botner Butler Endowed Scholarship

Stephen G. Butler/KPMG LLP Scholarship

Deloitte & Touche Foundation Scholarship

Kenneth E. Dimitry Memorial Scholarship Raymond C. Dockweiler Scholarship

Ernst & Young Accountancy Scholarship

Gregg William and Cheryl Givens Scholarship

Carl Halusa Scholarship

Donald G. Hendren Memorial Scholarship

Arthur William Hoffman Scholarship

C. Ray Holman Scholarship

Kansas City Chapter of Financial Executives International Scholarship

Ronald N. Kohl Memorial Scholarship

KPMG LLP Scholarship

Don Landers Endowed Scholarship

Clyde D. Mason Memorial Scholarship

W. Mark and Linda L. Meierhoffer Scholarship

Missouri Society of CPAs LEAP Scholarship

Monsanto Business Scholarship

C. Richard Morehead Scholarship in Accountancy

Bobbye and Scott B. Picker Scholarship in Accountancy

PricewaterhouseCoopers LLP Foundation Scholarships

John W. Rader Accountancy Scholarships

RubinBrown Accountancy Scholarship

John Schweitzer Accountancy Grant

DR Scott Memorial Scholarship

St. Louis Chapter of Financial Executives International Scholarship

Tax Executives Institute Scholarship

Grant Thornton Scholarship

Patricia R. Vasterling Memorial Scholarship

Weiss Family Scholarship

Maxime (Jagels) Wharton and Lee L. Wharton Scholarship

Williams-Keepers Scholarship

Earl Wilson Doctoral Scholarship

Accountancy Scholarships


Andy Miller (Tax Partner, Ernst & Young), delivering a lecture to students in Professor Moser’s Accountancy 8373 – Corporate Taxation class

Steve Butler (BSBA 1969, former CEO of KPMG) talking to Vasey Academy students

Jeff Meyer (VP-Internal Audit, CBS) delivering a guest lecture in Professor Kranitz’s Accountancy 8404 – Internal Auditing class

Andy Miller posing key discussion questions to students in class

❚ Alumni Guest Lectures & Team Teaching

Alumni Guest Lectures and Team Teaching



Scott Picker (Tax Partner, Deloitte) delivering a lecture on mergers & acquisitions Scott Picker and Danielle Dodge (seated) getting ready to evaluate students’ case analyses

Brett Lewis (Grant Thornton - Kansas City Office Managing Partner) introduces students to International Financial Reporting Standards (IFRS)

Steve Scanlon (L), Jeff Plunkett (R), and Doug McHoney (not pictured) from PwC-St. Louis deliver a lecture on international tax issues

Dave Myers (Whitlock Company) coordinates a student case analysis of estate taxes


Alumni Citation of Merit awardees with Vairam Arunachalam

❚ Alumni Citation of Merit

Trulaske College of Business bestows the Alumni Citation of Merit as the highest honor for alumni and friends of the college. This year, we are proud to note that five of the recipients are accountancy alumni. Their profiles and accomplishments are detailed below.

Stephen Butler Retired Chairman & CEO of KPMG LLPLeawood, Kansas BS BA, University of Missouri, 1969

After graduating from MU, Steve spent his entire 34-year business career with KPMG, a global account-ing and tax professional services firm with 145,000 professionals, includ-ing more than 8,000 partners in 152 countries. He retired in 2002 after six years as chairman and chief execu-tive officer, during which he led the firm to double-digit revenue growth.

He was actively engaged with the senior management and the boards of directors of numerous Fortune 500 clients. Prior to becoming chairman and CEO of KPMG, Steve held other leadership positions in the firm, in-cluding: managing partner of Metro New York region, partner-in-charge of KPMG’s financial services practice in New York, vice chairman-inter-national, and managing partner of KPMG’s International Headquarters in Amsterdam. He was appointed to the firm’s management committee in 1992. Additionally, he was managing partner of the Memphis, Tennes-see and Jacksonville, Florida offices for four and two years, respectively. Steve currently serves on the board of directors for ConAgra Foods, Inc., Cooper Industries, PLC. and Ford Motor Company. Steve and his wife, Martha, are members of the Daven-port Society.

Jeffrey J. Comotto Vice President, Taxes Anheuser-Busch Companies (North American operations of Anheuser-Busch InBev), St. Louis, Missouri BS BA, University of Missouri, 1980 JD, University of Missouri School of Law, 1983

Jeff oversees all aspects of the U.S. and Canadian direct and indirect tax operations for Anheuser-Busch InBev SA/NV, the largest brewer of malt beverages in the world. This includes responsibilities for U.S. income, franchise, property, sales/use and payroll taxes and Canadian income and VAT taxes. His responsibilities also include overseeing the U.S. and Canadian impact of its foreign opera-tions. A certified public accountant and member of the Missouri Bar, Jeff is a member of the Mizzou School of Accountancy Advisory Board and is heavily involved with a number of professional and charitable organi-zations, including Tax Executives

Alumni Citation of Merit


Institute, currently serving on the Institute’s International Board of Di-rectors and Executive Committee, the Make-A-Wish Foundation of Missouri (co-founder of the chapter in 1986) and the St. Charles School District Foundation. He joined the Trulaske College of Business Davenport So-ciety in 2007, supporting the Loren Nikolai Fund, and the Law Society in 2011, supporting the Dean Heinz Me-morial Scholarship Fund. Jeff and his wife Christine have two sons, Jason and Nick, and live in St. Charles, Mo. Jason is a “starving artist” in Kansas City, and Nick is finishing up his sec-ond year at Mizzou’s law school.

Robert K. Kimes Partner, PricewaterhouseCoopers St. Louis, Missouri BS Acc, University of Missouri, 1994 MBA, Washington University Olin School of Business, 2000

Bob is currently a tax partner aligned with the Industry Services Group practice with the St. Louis office of PricewaterhouseCoopers, where he has been since his graduation from the University of Missouri in 1994. Bob primarily specializes in trans-action-related services for private equity and investment funds, as well as general federal tax consulting with a wide variety of both public and privately held clients in the region. A certified public accountant, Bob is a member and former member of the board for the Missouri Society of Cer-tified Public Accountants (MSCPA) and is a member with the American Institute of Certified Public Accoun-tants (AICPA). In addition, Bob serves as the firm relationship partner for PwC in affiliation with the University of Missouri and the School of Ac-countancy and serves as a member of the School of Accountancy Advisory Board. Bob and his wife, Emily, are members of the Davenport Society

and reside in Chesterfield, Missouri with their four daughters.

W. David Myers Managing Partner The Whitlock Company Rogersville, Missouri BS Acc, University of Missouri, 1984

A CPA, David has extensive experi-ence in public accounting with an emphasis in taxation. He served for two years as state auditor of Missouri before joining The Whitlock Com-pany in 1986. David is experienced in business advisory services and guides business owners, entrepreneurs and professionals to preserve wealth and legally minimize taxes. At The Whit-lock Company, he served for more than nine years as managing partner. His specialties include business strat-egy; advanced income and estate tax strategy; income tax credits; ESOPs; real estate; community banks; manufacturing and wholesale/retail. He has also worked at length with individuals on tax and estate plan-ning issues. David holds a tax educa-tional achievement certificate from the AICPA. As a member of the ESOP Association, he has regularly partici-pated in specialized ESOP training. He is active in several professional and civic organizations including the American Red Cross, MSCPA, The Greater Ozarks Chapter of Univer-sity of Missouri Alumni Association, MU School of Accountancy Advisory Board and Ozarks Trail Council of the Boys Scouts of America. David and his wife, Connie, are members of the Davenport Society. They have two children.

Daniel B. Scherder Executive Vice President and CFO Compressus, Inc. Washington, DC BS BA, University of Missouri, 1972

Dan is executive vice president of Compressus, Inc., a health informa-tion technology company in Wash-ington, DC. Dan assisted in raising the capital to launch the company and its interoperability workflow solution and now also serves as its chief financial officer. Dan started his career at PricewaterhouseCoopers in St. Louis and also was an executive and consultant in the energy industry for almost 30 years. He serves on the board of directors of Compressus, Inc., as well as on the Board of the Congressional Award Foundation, the only charity of the US Congress. Dan has been an active supporter of Mizzou for many years. He currently is serving his second stint as a mem-ber of the Department of Manage-ment Advisory Board and has been a Professor-for-a-Day on numerous occasions. Dan and his wife, Marnie, are members of the Davenport Soci-ety and have three children and three grandchildren. One daughter also attended Mizzou.


Over the past several years as direc-tor, I have had the honor and privi-lege of meeting and connecting with many Mizzou alumni. As I reflect on my meetings, I have a strong desire to share some of our alumni’s remi-niscences. To continue last year’s feature, I thought I’d share with you some “Mizzou memories” from sev-eral of our highly accomplished and dedicated alumni. The following four areas were highlighted in their reminiscences: (1) salient memories from Mizzou; (2) most valuable benefit(s) from the Mizzou experience; (3) memories of Professor Joseph A. Silvoso, a former director of the School of Accountancy; and, (4) words of wisdom/inspiration for our students.

The alumni that I interviewed for this newsletter issue were:

• Jerry Carlson (Managing Partner – St. Louis, KPMG, LLP)

• Mark Feldman (Retired Partner – BKD, LLP)

• Greg Garrison (VP-Clients & Markets, PricewaterhouseCoopers, LLP)

• José Gutiérrez (President & CEO, AT&T Advertising Solutions)

• Dave Johnson (CEO, Maxus Properties)

• Nikki Krawitz (UM – VP Finance & Administration)

• Scott Picker (Tax Partner, Deloitte)

• Bob Robuck (Chairman, Central Bancompany)

• Russ Starr (Managing Member, Williams Keepers LLC)

• Marilyn Tromans (CFO, Blue Cross and Blue Shield of Kansas City)

Jerry CarlsonBS BA 1980, MA 1981Managing Partner, KPMG LLP, St. Louis

I often reflect on the life guidance provided to us as students by Pro-fessor Kvam – he never missed the opportunity to share with us with a big smile “You know, accountants think alike. Therefore, accountants should marry accountants.” Obvi-ously, I followed his advice and found a beautiful young accountant who would tolerate me and has for 27 years.

The biggest benefit I had was the broad-based foundation of under-standing I developed with respect to the field of business. I think the challenges to “think outside the box” and to consider all of the alterna-tives have helped me to succeed in the business world and to know that I have to always think on my feet.

At the time I was entering the School of Accountancy, Professor Silvoso was in the late stages of his career. I had the benefit of him pro-viding guest lectures in our classes and it was evident in those lectures why the professors and TAs always treated Dr. Silvoso with such rever-ence – his knowledge and the pas-sion he had towards accounting and its place in the world of finance was clearly evident.

I have told many a student and employee that it takes all four legs of the stool to succeed: interper-sonal skills – to be able to inter-act with people, on our teams, at our clients and in the community; work ethic – you have to be willing to work hard to differentiate yourself (there is no cumulative GPA or ACT score once you leave school); intel-lectual curiosity – because you must never stop learning and must know what is going on in the world around you; and, ethics and integrity – you

must always ensure you “do the right thing”, irrespective of whether it is the popular thing to do with all or some of the people around you. If they stay focused on these four and always treat individuals with the utmost respect they will be happy with themselves and the results they achieve.

Mark FeldmanBS BA 1973Retired Managing Partner, BKD LLP, St. Louis

I have several memories from Miz-zou. Here are a select few:

I vividly remember a Profes-sor-for-a-Day who spoke to a basic accounting class I was taking. He was a CPA firm partner who was genu-inely enthusiastic about the public accounting profession as he talked about the clients he served, continual new experiences and learning oppor-tunities, and advancement based on personal performance and efforts.

The experience I got from part-time jobs I had in Columbia while working my way through school-washing dishes in Hatch Hall, Suzanne’s (women’s ready-to-wear shops), McDonalds (part of the crew that opened the then new facility on Stadium Blvd), and UPS (I still have my teamster withdrawal card, in case accounting didn’t work out).

I enjoyed the interaction and meeting people from different parts of the State of Missouri, other states and other countries.

I really enjoyed the handball courts outside the old Brewer Field House. It was a great place to get a workout and make new friends.

The Mizzou experience including course work, part-time jobs, cam-pus life and interaction with a diverse group of people at various levels helped me formulate the outline of what I wanted in a professional career

❚ R-E-W-I-N-D Reminiscences about Mizzou

REWIND: Reminiscing about Mizzou


and gave me some insight into what it would take to be successful. I have also found the Mizzou “network” of professionals in the state of Missouri as well as around the country to be very beneficial.

Dr. Silvoso taught the summer audit class I took and we used the text book he had written. I remember him as a warm, caring man who had plenty of stories to make the course material interesting and very real.

My main suggestions/advice for students would be the following:• Given the electronic, technical

world we live in, remember that personal interaction with people is still vital to your future success.

• Consider industry specialization early on—it narrows the technical information you’re required to master, defines where to spend your marketing time and provides a platform for you to become a recognized expert in your field.

Greg GarrisonBS BA 1976Vice Chairman – Clients & Markets, Pricewaterhouse Coopers LLP

The Mizzou years went by too fast, but the impressions they left stay with me to this day. If I had to describe my time at Mizzou with a phrase, it would probably be “work hard, play hard,” and I did my best to do both! My business and accounting classes were certainly challenging, and so was getting up for those 7:40 am classes. There were great times with good friends at Faurot Field, Harpos, the ATO House and, believe it or not, at the MU Library! There’s no question that my time at Mizzou was a period of tremendous growth for me – at the same time, however, I’m grateful that we didn’t have camera phones back then!

Mizzou provided me a world class education and the opportunity to team with other students in vari-ous organizations. This combina-tion of academic and personal growth

prepared me well for my career with PwC. Looking back, I know full well that my Mizzou experience enabled me to compete effectively with gradu-ates from any university in the coun-try. My single biggest takeaway from the Mizzou years was that if you are willing to work hard enough you can accomplish any goal.

My advice to current Mizzou stu-dents is framed by my own expe-rience. In short: Work hard… play hard… get involved! If you follow the above program, Mizzou will provide you the same benefits and memories that I received. Go TIGERS!

José GutiérrezBS ACC 1984, M ACC 1985President & CEO, AT&T Advertising Solutions

What comes to mind most often when I think of Mizzou is the many people who showed so much care and inter-est for me: from Grace Butler, to Dr. Dockweiler and the other faculty, to the men and women at the Interna-tional Student Office, not to mention the administrative staff like Mary. Everyone, in their own way, showed patience, care, empathy and encour-agement along the way.

As a foreign student, Mizzou per-sonified America for me. As such, I learned at Mizzou that in this coun-try, there are plenty of opportunities and plenty of people willing to lend a hand, as long as one is willing to work hard and keep his/her nose clean. I am proud now to be an American citi-zen and proud to be a Mizzou Tiger.

I had many wonderful professors at MU! Dr. Silvoso was one of them. He reminded us a million times that our reputation – personal and profes-sional – was our most valuable asset and that we should never compro-mise it. He told us that a million times and his words still resonate with me.

Here are some free tips:• Stay positive. Optimism is a choice

and a powerful enabler of success.

• Your and your family’s health

matters most. Cherish it at all times.

• Your personal and professional reputation is your most valuable asset. Do not compromise it (“borrowed” from dear Dr. Silvoso).

• Keep smiling. If you have your optimism, good health, family love and sound reputation, you are in great shape and have all reasons to smile.

Dave JohnsonBS BA 1978CEO, Maxus Properties Incorporated

I have such fond memories of my four years at Mizzou that to list just one would not seem fair.

Mizzou gave me a skill set to com-pete with any other school’s gradu-ates, be they Ivy League or other local schools.

I had several advisor sessions with Dr. Silvoso. Spelling was never my strength but I do remember how disappointed Dr. Silvoso was when, on my proposed class schedule that he reviewed, I misspelled Financial Accounting as Financal. All he said was “You should know Financial has an I in it.” Pretty sure he did not want a MU graduate making this mis-take for any employer after they left Columbia!!!

Get prepared to give back to MU as soon as you leave. We must all make sure this remains a special place for all generations.


Natalie (Nikki) KrawitzMS 1982Vice President for Finance and Administration University of Missouri System

I was in the Master’s degree pro-gram for students who had no back-ground in business or accounting. All of the professors were very sup-portive of students in this program who as I remember were mostly non-traditional aged students who were looking to change careers. Dr. Zieha was the head of the program at that time and he was very welcoming and encouraging.

The biggest benefit was the wide variety of opportunities that were available to me while I was enrolled in the program and after I graduated. As a student, I worked with Dr. Parker on his tax book, and I had the oppor-tunity to teach the first two account-ing courses, 36 and 37. After I gradu-ated, I worked with Dr. Nikolai for over 20 years as one of the authors on the Intermediate Accounting work-book and for several years served as a guest lecturer on ethics in account-ing for the senior capstone class that he taught.

My interactions with Professor Sil-voso were very limited. I just remem-ber his reputation as being bigger than life!

My advice would be to take advan-tage of the many opportunities that are available to students to grow, develop and learn outside of the classroom. You never know where life will take you and experience is cumulative. Develop mentoring rela-tionships with faculty who can open doors and lead you in directions you never envisioned.

Scott PickerBS BA 1981Partner, Deloitte LLP

As far as classes and professors, I would have to say Economics 51 with Walter Johnson and Intermedi-ate Accounting with Loren Nikolai come to mind immediately as having a lasting impression on me – mainly because they were demanding and interesting in both content and pre-sentation style. My fondest memories of my college experience would have to be the lasting friendships I made at MIZZOU mainly through my social fraternity, attending football and bas-ketball games (yes, we had competi-tive teams when I was a student) and certain eating and drinking estab-lishments such as The Heidelberg, The Shack, Ernie’s and Harpos.

The biggest benefits from Miz-zou were: the quality education in a college town atmosphere and the outstanding accountancy program. Being away from home at age 18 forces young people to make deci-sions on how to prioritize their time and solve problems. Also, the oppor-tunities to become involved in cam-pus and community organizations are important to developing a net-work of connections and helping build relationships.

Unfortunately, I did not have any real interactions with Professor Sil-voso, but I was aware of his signifi-cant contributions to the accounting profession and the University of Mis-souri. Here is my advice:• Become involved in campus

organizations. I applied and was accepted into an organization called The Mizzou Student Foundation early in my college career. MSF is a charitable organization at the University and I remember helping plan a spring bike race. This experience enabled me to become involved with students and faculty and university leadership.

• Give back. Always remember the opportunities you had by attending the University of Missouri so that future students will have the same opportunities you had when attending Mizzou.

• Be prepared for what comes next. Understand what is going on in the placement office and how things work there. Before an interview, do your homework. There is a vast amount of information about prospective employers on the internet. Take advantage of it. Be prepared with deep knowledge of the prospective employer’s business and prepare 2-3 perceptive questions to ask.

Bob RobuckBS BA 1964Chairman, Central Bancompany

I had Dr. Kvam as an Advanced Accounting course instructor and for CPA Problems. Not only did he teach us about accounting and being a CPA, he also taught us about how to be a good person, to be ethical and be a caring person. I remember Dr. Kvam tried to motivate us and encourage us by talking about previous students who had taken the CPA Exam and had passed all of it in one setting. He would talk about how intelligent the person was and how good of a student they were. I remember one fellow classmate, Hank Watts, who took the CPA exam in Kansas when he was a Junior and passed all parts. Dr. Kvam spoke favorably of him on several occasions and probably continued to do so even after we had graduated.

The biggest benefit to me for attending MU was the opportunity to learn about subjects I knew very little about before I attended MU. Examples are Accounting, Corporate Finance, Economics, Auditing, Law and other disciplines like Humani-ties, English Literature and Fine Arts. Attending MU broadened my horizon

REWIND: Reminiscing about Mizzou


immensely and prepared me for a rewarding career in the business world.

Dr. Silvoso taught the Auditing class I attended. I remember how well versed he was in the subject and how he made it interesting with the expe-riences he had practicing as a CPA. He was very intelligent and had a real interest in seeing that his students learned all he had learned and expe-rienced as an auditor. He had a very practical approach while at the same time making sure we learned the the-ory. When I started working in pub-lic accounting, I was able to quickly apply concepts I had learned in Dr. Silvoso’s Auditing course.

I would tell students to study hard, make the most of their college years to learn about a lot of subjects that will broaden their knowledge and to learn as much as they can about a focused curriculum that will enable them to have a good and rewarding career and life. The sacrifice, hard work and commitment they make to learning while in college will pay big dividends in the future. Don’t be light hearted about it and don’t waste this opportunity to get prepared for the remainder of your life. Take time to have a little fun while in college, but use the most of those four to six years preparing for the future, a great future.

Russ StarrBS BA 1973Managing Member, Williams-Keepers LLC

My fondest memories of Mizzou include classes in the old B&PA build-ing, basketball games in Brewer Fieldhouse, and football games at Memorial Stadium. My favorite pro-fessors, out of the many outstanding ones I had, were Joe Silvoso for audit-ing, Ray Dockweiler for Intermediate Accounting, Hank Kuelman for Econ 51, and Walter Johnson for Money and Banking. Those professors loved to teach and brought out the best in the students they interacted with.

I feel I got the best higher educa-tion possible to me by attending Miz-zou. I came away from Mizzou with the confidence that I could compete at a high level in Public Accounting, convinced that Mizzou had prepared me well for the professional chal-lenges ahead. I have very positive long lasting memories of faculty, staff and peer students at Mizzou, and particu-larly from the School of Accountancy.

I took my one and only auditing course from Joe Silvoso, and we also used his text book for the class. He was an excellent teacher, and was very interested in providing the very best education for his students. Joe was also very dedicated as a professor and had a unique sense of his place in the profession.

My advice would be to work hard on academics while at Mizzou because they provide a unique oppor-tunity to mix it up daily with some of the best faculty and students in the country – but also to take time to enjoy the total experience that Miz-zou offers. Get to know as many of the professors and staff in the SOA as possible, as well of forming life-long bonds of shared experiences with fel-low students. Take some challenges that put yourself outside your com-fort zone while at Mizzou, as the time spent at Mizzou will be unlike any other period of time in your life.

Marilyn TromansBS BA 1975CFO, Blue Cross & Blue Shield of Kansas City

I have very fond memories of the School of Accountancy. The accoun-tancy program was not too large – and a fairly small group of students went through the junior and senior accountancy classes together (pre five-year program.) So the students and the professors came to know each other very well. I can still see Dr. Dockweiler, who taught the inter-mediate accountancy class, carry-ing his overhead projector down the hall to class (quaint now!). He was an excellent teacher and the course was a tough one that separated who was going to make it in the accountancy program from those who would not.

I grew up in a small town, and Mizzou gave me an idea of what life could be. The exposure to differ-ent ideas and people, along with an outstanding accountancy program, started me out in a career that I have enjoyed very much.

Dr. Silvoso was Director of the School of Accountancy while I was at Mizzou. He also taught the required auditing course – and wrote the text-book that was used. He was a very personable man and took an inter-est in the students. I can recall him walking around the Auditing course classroom during a quiz, looking over students’ shoulders (including mine), and giving some indication through body language or clearing of throat, whether one should reconsider the answer!

Take advantage of all that Mizzou offers you while you are there. Learn-ing does not stop when you leave Columbia. And most of all, be true to yourself.

Chris Chan, PhD ’92, is professor of accounting and dean of the Cornell-Nanyang Institute in Singapore which is a joint venture with Cornell University.

Michelle Drake, BS Acc ’94, JD ’97, of Ballwin, Mo., is a member of Claims and Litigation Management Alliance.

John Faries, BS Acc ‘99, M Acc ’99, of Elizabeth, Colo., is senior vice president of finance and chief financial officer for Aventa Credit Union.

John (Jack) P. Harlan, BS BA ’81, was promoted from tax manager to tax partner at Brookweiner LLC in Chicago, Ill.

Kyle Hesemann, BSAcc ’00, MAcc’00, Senior Manager, BKD, Springfield, Mo., was appointed tax director of the Southern Missouri practice, which includes offices in Springfield, Joplin and Branson. Kyle provides tax planning, consulting and preparation services for individuals, corporations, S corporations, partnerships and limited liability companies.

Dan W. Meyer, PhD ’88, is an associate professor at Austin Peay State University in Clarksville, Tenn.

Burton Newman, BS BA ’69, JD ’72, of St. Louis, a litigation attorney, will serve a three-year term on the Missouri Budget Project board of directors.

Mark Prouhet, BS Acc ’01, M Acc ’01, was promoted to senior manager at BKD LLP in St. Louis, Mo. He began his new role on June 1, 2012. Prouhet serves clients in the manufacturing, distribution, construction, real estate and professional service industries.

Ken Reichelt, PhD ’05, is the Ernst & Young Alumni Distinguished Professor in the E.J. Ourso College of Business at Louisiana State University.

Bret Scholtes, BS Acc ’92, is chief executive officer and president of Omega Protein, Inc. in Houston, Tx.

Brian D. Todd, BS Acc’99, M Acc ’99, was promoted to partner at BKD LLP in Springfield, Mo. He began his new role on June 1, 2012. Brian is a tax specialist of BKD National Not-for-Profit & Government Group and BKD National Health Care Group and serves on the executive committee of the Springfield nursing facilities and other health services industry team.

In Memoriam

Raymond Buehler, BS BA ’50, of Kirkwood, Mo., July 17, 2011, at age 90.

Leo Carney, BS BA ’70, of Independence, Mo., July 13, 2011, at age 63. A U.S. Army National Guard veteran, he was a certified public accountant with Western Auto Supply Co.

Eldon Lewis, PhD ’67, of Highland, CA, November 18, 2011 at age 78. He taught and held administrative positions at Washburn University, Wichita State University, West Texas State University (now West Texas State A&M) in Canyon, TX, and California State – San Bernardino. He also practiced as a CPA for Fox & Company and Grant Thornton in Denver and Chicago. He served in the US Navy.

Victor W. Lomax, Jr., Ph.D. ’84, of Rolla, Mo., June 30, 2011 at age 83. A Sigma Nu member and U.S. Navy veteran, he helped run the Pecan Joe candy and souvenir store chain and owned Kenmark Sporting Goods in Rolla. He was also a professor at several universities and dean of the business school at Savannah State University in Georgia.

Hans Mangold, BS BA ’63, of Bramsche, Germany, July 13, 2011, at age 74.

Orvid Myracle, BS BA ’50, of Portageville, Mo., July 30, 2011, at age 82. He owned and operated Pemiscot Packing.

❚ Alumni News

Alumni News

One of four academic units in the Robert J. Trulaske, Sr. College of Business, the School of Accountancy has its own accreditation from AACSB, the national accrediting agency for collegiate business schools. The entire college moved into a state-of-the-art facility, Cornell Hall, in May 2002. Here are facts and figures, as well as some “points of pride” about the School’s programs and faculty.


• Ranked in the top 20 nationally (2011 Public Accounting Report)

• Unique 150-hour integrated program culminates in students earning both BS and MAcc degrees

• Supports strong technology curriculum including integration of ERP and e-business through MU’s alliance with SAP

• Certification available in tax

• Excels in job placement for professional positions with more than 70% of students completing professional internships

• Excellent performance on CPA exams and close to 95% obtaining full-time placement following graduation

School of Accountancy Facts

• This personalized high-quality pro-gram emphasizes interaction with the faculty. Recent faculty-student collaborations resulted in articles in The Accounting Review, Journal of Accounting Research, Jour-nal of Accounting & Economics, Journal of Financial and Quantita-tive Analysis, Journal of Financial Economics, and Auditing: A Journal of Practice & Theory.

• Strong recent placements include Washington University, University of Arizona, Indiana University, Texas A&M University, Louisi-ana State University, University of Nebraska, Washington State University, and Florida Interna-tional University among recent and former graduates.

• The School’s faculty is ranked ninth in the nation in research productivity according to Academic Analytics.

• BYU research productivity rankings for overall breadth place the School in the top 10

• Fifty-four articles have been published or accepted from 2008 to 2011 in such revered journals as The Accounting Review, Journal of Accounting Research, Journal of Accounting & Economics, Contemporary Accounting Research, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Auditing: A Journal of Practice & Theory, Journal of the American

Taxation Association, Behavioral Research in Accounting, Journal of Information Systems, and Strategic Management Journal.

• Multiple honors for teaching excellence, including the 2007 Governor’s Award and 2010 Provost’s Award

• Numerous research presentations at conferences and colloquia

• Service on editorial boards of more than 20 academic journals

• Service as current or former officers, chairs, and committee members in the AAA, AICPA, APLG, IMA, Missouri Society of CPAs, and other organizations


150-Hour Program

PhD Program

Faculty


❚ Alumni Update

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Checks should be made payable to the MU School of Accountancy and include an indication of the purpose for which the gift is intended.

Return this form and/or your check to: Director School of Accountancy 303 Cornell Hall University of Missouri Columbia, MO 65211

(Pledges, other thanJefferson Club orDavenport Societycommitments, shouldbe completed within5 years.)

Let us hear from youPlease take time to complete the Alumni Update form provided on this page. Alumni information we report depends greatly on feedback received from each alumnus regarding developments in his/her life and career. Also, give us ideas on how we might improve future School of Accountancy newsletters. If there is insufficient space on the form to make all of your comments, feel free to include an additional page(s) and extend your remarks. And, of course, any financial assistance you can provide will be very helpful and very much appreciated.

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Alumni Update

University of MissouriSchool of Accountancy303 Cornell HallColumbia, Missouri 65211

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❚ Win a School of Accountancy Polo Shirt!

Here’s a great opportunity to win one of our lovely Mizzou School of Accountancy polo shirts! Name the individuals pictured on the cover of this newsletter (in L to R sequence by row) and submit your entries to [email protected] by October 1, 2012. If you list all the names correctly, you win a free shirt! Only alumni are eligible – current students are not eligible (sorry!). For a bonus (2nd free shirt), please list the names of the individuals (hint: retirees/spouses) in the picture above correctly!

Documents

2012 Newsletter School of Accountancy of Accountancy ... celebrate at the conclusion of this academic year, ... accreditation project was successfully completed this year