McCombs TODAY

On Oct. 13, the MPA Distinguished Speaker Lyceum hosted Tom Linsmeier (left), a member of the Financial Accounting Standards Board (FASB). Fifth-year MPA student Doug Bedell shared this dispatch from Linsmeier’s talk, which he says was “one of the most riveting” Lyceum talks yet:
Dr. Linsmeier’s speech passionately defended fair-value accounting, a subject that, as of late, has [...]

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Robert Kueppers, deputy CEO of Deloitte LLP, talked about the future of auditing at the Sept. 16 meeting of the MPA Distinguished Speaker Lyceum.
In a speech titled “Accounting and Auditing: Implications of the Current Environment,” Kueppers told students “You’ll never learn anything from an audit that goes perfectly.” He added that he’s seen his fair [...]

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Michael Granof, the Ernst & Young Distinguished Centennial Professor of Accounting, has been appointed to the Federal Accounting Standards Advisory Board (FASAB) for a five-year term that runs until June 30, 2014.
The FASAB is an independent organization that issues accounting standards for federal agencies and the federal government at-large to follow when producing financial statements. [...]

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Fair-value Accounting: A Better Reflection of Reality
By Lisa Koonce, Deloitte & Touche Professor of Accounting
Lately, much discussion has centered around the underlying causes of the financial crisis, and some have suggested that current accounting rules must shoulder some of the blame. Specifically targeted by critics is the focus by the Financial Accounting Standards Board (FASB), [...]

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