Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Audit
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Monday July 13, 2015 The SA IIA will meet this Wed at San Francisco Steakhouse from 11 30 – 1 00. https://chapters.theiia.org/san-antonio/Events/Pages/default.aspx I paid for the meeting but will not be able to attend as my wife is having cataract surgery that day. If someone wants to go in my place you are most welcome,…
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Tuesday April 21 2015 KPMG named the female head of its Advisory Service as CEO. In February DeLoitte named a female CEO. I suspect PwC and EY will make some sort of similar move.
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Thursday April 16, 2015 Over three-fourths of companies filing indicate they will adopt the new COSO format. The team reporting on COSO might want to include this in their paper.
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Monday March 16, 2015 Auditors question whether the F 35 will ever fly. Lockheed Martin claims to have fixed problems but some software will not be operational until 2022. Airplanes in particular are famous for cost over runs. This is a more outstanding example than most. This is what is meant by control in the managerial…
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Weekend March 14, 2015 A survey reveals external pressure to alter internal audit reports. this is why SARBOX heightened the importance of the audit committee. No one on the audit committee can be in management and all must be sophisticated about financial matters.
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Thursday March 5, 2015 The IIA reports on a shortage of talent in recruiting future internal Auditors. We are planning a specialization in Internal Audit for this reason. We feel IA is an excellent career choice for our non traditional students. Planning to take the CIA exam and beginning your study while an under graduate…
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Tuesday Feb 24, 2015 The move to audit the FED seems to be going nowhere. In the meantime how about a complete audit of Trump Inc. The casinos in New Jersey are about to file for Chapter 11. A few years back some other Trump casinos, maybe these I don't remember, took the big BK. But…
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Thursday Feb 12, 2015 Dump the idea of billing by the hour. CPAs and lawyers routinely track every fifteen minutes of work and bill to someone. This article suggests value pricing, a sort of Sears good, better, best idea. No don't cheapen the services. As the author notes, whether you are in coach or first…
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Wed Dec 10, 2014 Benford's law has to do with the non random occurrence of numbers in data sets. TAke a look to see how a forensic accountant might use this tool. As it turns out, randomness is not so random.
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Weekend Nov 29 2014 Mike Villarreal has an op ed piece on page F 6 in the Express News today. I cannot find it on the website which is typical of the mysa.com site. At any rate Mike is running for Mayor The City Manager Sheryl Sculley maintains the cost of today's contracts take 66%…
Professor Elam 