Professor Elam
Accounting & Investing Info for San Antonio A & M
about
Category: Audit
-
Wednesday May 14, 2014 Catherine Pillar, Beatrice Therwhanger, and Denise Trejo, TAMUSA students, along with VP Camille Marbury attended the May meeting of the San Antonio chapter of IIA. We met the speaker, Todd Burchett, a partner in the SA office of BDK. His specialty is…
-
Wed April 23 2014 Nike began the rush to manufacture overseas. Without any labor laws in many countries, Phil Knight admits the company became synonomous with 'sweat shop' type manufacturing. I noticed one of the controls Nike has instiuted is new internal audit procedures. Here is another example of why and how internal audit is one of…
-
Thursday April 17, 2014 TAMUSA Accounting students were invited to help with the details of the 2014 CPE Day (4/16/14) for San Antonio Institute of Internal Auditors. This year the seminar focused on fraud issues. TAMUSA Students worked in shifts throughout the day helping in check-in and CPE sign in through the various sessions. HEre…
-
Thursday March 13 2014 Here is a good article on statistical sampling. This is a topic whcih gs little attention in accounting clases as frankly I suspect most accounting professors don't remember much about statistics. As the author says it is used quite a bit in political sampling.
-
Wed February 5 2014 The Recruiter Assistance Program was designed to pay soldiers $2000-$7000 for referring recruites who sigend up for the National Guard. It did not take enterprising soldiers long to scam this system. The recruiters themselves were not eligible for the awards. So the soldiers got walk in names of those volunteering. They claimed…
-
Tuesday Feb 4 2014 HP bought the British firm Autonomy for $11 B in October 2011. The HP Audit alleges Autonomy booked revenue unlikely to be paid and claimed transactions for non existent customers. HP wrote down the acquisition by $8.8 billion a year later. This demonstrates why we study accouinting why there are revenue…
-
Monday January 27 2014 The SEC has banned Chinese JV with the Big Four from working in the US. Does anyone really know how legitimate Chinese operations are? Or does the government encourage a pollyanna reporting standard for any business involved with the State? Read this article and decide for yourself. I suspect accounting operations in…
-
Thursday Jan 16, 2014 Two days ago we mentioned that Auditors were digging deeper in response to comments from the PCAOB about the lack of evidence to support adequate internal control. Sure enough I got this from the Institute of Internal Auditors just today. Companies considerupdating internal controls as documentation requests grow As external…
-
Wed January 8, 2014 This short article mentions the difference in learning from a distance, the Western approach, versus being there, the Eastern Approach. I quite agree. In touring business in San Antonio we noted at Standard Aero that the comptroller was on the manufacturing floor. She emphasized that she did not sit in her office…
-
Monday July 22, 2013 The State Auditor's Office raised concerns about internal control procedures at Texas State University. No money was missing but apparently various compliance working papers were not as they should be. This is surprising given that the staff at Texas State no doubt regularly attends such meetings on such matters. But it…
Professor Elam 