Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Internal Audit
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Tuesday Nov 10, 2015 This article suggests Internal Auditors can help by focusing on the corporate culture. A breakdown in appropriate behavior usually precedes a financial calamity. Arthur Andersen, Enron, WorldCom, and yes Penn State are all examples. For example in auditing payroll bonuses, IA can ask of the bonus is rewarding the right behavior…
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Monday Oct 26, 2015 Learn more about COSO's 17 levels of control. We study internal control in accounting.The Committee of Sponsoring Organizations has issued its first update since 1992. Click the link to learn about it!
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Thursday Oct 21, 2015 Four of our student attended the October meeting of San Antonio Institute of Internal Auditors. Price Waterhouse is re opening their office in San Antonio. So PwC was the sponsor and a big data analyst from their Dallas office offered up the program. We saw lots of friends there from USAA,…
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Thursday Oct 15, 2015 So what happens at an SA Internal Auditor meeting anyway? CHeck out this description of the next meeting. Big data is gaining more and more importance. We noted the drop in WMT earnings a coupled of posts back. This was due to the increase in wages and the continuing lack of…
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Thursday Oct 15, 2015 Audit Committees were given far more power after the Enron collapse. SARBOX dictates that no one in management may be on the audit committee and the audit committee hires and communicates with the outside auditor. Here is an excellent article ont he current responsibilities of the audit committee.
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Thursday Oct 15, 2015 Kentucky is not checking whether all that apply for the national health insurance program actually qualify. Here is another example of an internal audit program at work.
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Tuesday Sept 8, 2015 There are many types of audits. Here is an example of an things to consider in an Employee Benefit Plan Audit.
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Wednesday August 26, 2015 We study accounting for Property Plant and Equipment in Intermediate Accounting. Intangible assets or Intellectual Property in an increasingly greater portion of that asset class. Recall that I mention in class how accounting is an ever growing discipline. And that auditing is not just about adding up the re adding the…
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Thursday August 6, 2015 The SEC is beefing up its commitment to whistle blower protection. Good governance required that companies have a whistleblower policy in writing. This would explain how the process works, how the report is evaluated, and what is done in response to such reports.
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Monday July 27, 2015 SA Institute of Internal Auditors will sponsor an all day Fraud Seminar Monday September 14. Learn more at this link. I believe we will be furnishing student volunteers to help with registration and such. This will be a great opportunity to mix mingle and network with IA professionals as well as…
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