Accounting and
Finance
Information Systems
Department of
Department of
2011
NEWSLETTER
ACIS TAILGATE
Hokie Bird Makes An Appearance
INSIDE | New Faculty | Department Update | Donors | Financial Reports | Student Awards | Conferences
Department of Accounting and Information Systems
Pamplin College of Business
3007 Pamplin Hall (0101)
Virginia Tech
Blacksburg, VA 24061
Phone: (540) 231-6591 Fax: (540) 231-2511
Web Page: www.acis.pamplin.vt.edu
Faculty Directory
Name
Phone E-Mail (@vt.edu)
Dean:
Richard E. Sorensen
(540) 231-6601
sorensen
Department Head:
PricewaterhouseCoopers Junior Faculty Fellow
Reza Barkhi
(540) 231-6591
reza
Professors:
Byrd Senior Faculty Fellow
R. B. Pamplin Professor
John E. Peterson, Jr. Professor
L. Mahlon Harrell Junior Faculty Fellow
William S. Gay Junior Faculty Fellow
KPMG Professor
John F. Carroll, Jr. Professor
R. B. Pamplin Professor
France Belanger
Robert M. Brown
C. Bryan Cloyd
Weiguo Fan
James O. Hicks, Jr.
J. Gregory Jenkins
Larry N. Killough
John J. Maher
Sattar A. Mansi
W. Eugene Seago
(540) 231-6720
(540) 231-5869
(540) 231-3181
(540) 231-6588
(540) 231-5881
(540) 231-2527
(540) 231-6542
(540) 231-4505
(540) 231-7216
(540) 231-6564
belanger
moren
bcloyd
wfan
jhicks
greg.jenkins
larry
jmaher
smansi
seago
Associate Professors:
Konrad W. Kubin Junior Faculty Fellow
Wayne E. Leininger Junior Faculty Fellow
Cherry, Bekaert & Holland Faculty Fellow
Darrell D. and Betty R. Martin Junior Faculty Fellow
John and Angela Emery Junior Faculty Fellow
Sudip Bhattacharjee
John A. Brozovsky Sam A. Hicks
Debra A. Salbador
Steven D. Sheetz
David P. Tegarden
Linda G. Wallace
James A. Yardley
(703) 538-8422
(540) 231-5971
(540) 231-6577
(540) 231-8163
(540) 231-6096
(540) 231-6099
(540) 231-6328
(540) 231-7352
sudipb
jbrozovs
shicks
salbador
sheetz
david.tegarden
wallacel
jyardley
Assistant Professors:
Instructors:
Thomas B. Hansen
Mitchell J. Oler
Velina K. Popova
(540) 231-7155
(540) 231-0764
(540) 231-6359
bhansen1
moler
velina
Lynn A. Almond
B. William Demere
Cintia M. Easterwood
Jean M. Lacoste
Di Ross
(540) 231-6103
(540) 231-7436
(540) 231-7920
(540) 231-9642
(540) 231-5504
lalmond
wdemere
cmeast
lacoste
diross
Retired Faculty: Polly L. Corn
Rosalind N. Cranor
Konrad W. Kubin
Wayne E. Leininger
Frederick M. Richardson
Tarun K. Sen
Virginia Tech does not discriminate against employees, students, or applicants for admission or employment
on the basis of race, gender, disaibility, age, veteran status, national origin, religion, sexual orientation, or political affiliation. Anyone having questions concerning discrimination should contact the Office for Equity and Access.
on the Cover
ACIS TAILGATE
The ACIS department hosted a tailgate before the
Boston College football game on October 22, 2011.
The Hokie Bird made an appearance and entertained
our alumni and friends.
Virginia Accounting
Research Conference
Over May 26 and May 27, 2011 approximately 40
participants from Virginia area schools converged at the
Darden School of Business campus at the University of
Virginia for the inaugural Virginia Accounting Research
Conference (VARC). The conference, a joint project
between the McIntire School of Commerce at the
University of Virginia, Darden School of Business, and the
Pamplin College of Business at Virginia Tech, provided a
venue for accounting academics to gather and discuss
their research. The six papers presented covered a
wide variety of topics, including pension accounting,
earnings guidance, and market efficiency. With a goal
of providing junior faculty an avenue to showcase their
most resent research, the conference was a great
success. Plans are already underway to continue the
conference next year. The organizers wish especially to
express their gratitude to Hantzmon and Weibel, Mr. and
Mrs. Greg Thompson, and Mr. and Mrs. C. E. Andrews
for their generous financial support for the conference.
Ta b l e o f C o n t e n t s
3
4
5
6
8
10
11
13
14
16
On the Cover | ACIS Tailgate
“Hokie Bird Makes An Appearance”
Virginia Accounting Research Conference
Greetings
Welcome Our New Faculty
Department Update
Thanks to Our Donors
Financial Reports
Endowed Gifts to the Department
Student Awards
Workshop on Information Security
Yardley in Afghanistan
Accounting & Auditing Spring Conference
GREETINGS ALUMNI AND FRIENDS
I would like to give special thanks to Professor Robert
Brown for his eight years
of service as department
head of Accounting and
Information
Systems.
It seemed just like
yesterday when Professor
Wayne Leininger retired
and Bob started as the
new department head. I
am honored to have the
opportunity to serve as
department head and
hope that I can continue
the tradition of excellence
in the ACIS department.
Our graduates are some
of the most successful
alumni at Virginia Tech and they are frequent contributors
of funds to support the department. This is a strength
that I will try to build on as we continue to provide the
highest quality education in Accounting and Information
Systems for our next generation of graduates. We
celebrate and cherish the success of our graduates who
have benefitted from our top quality faculty who conduct
relevant and practical research in areas of Audit, Tax,
Financial, and Systems.
There are many challenges that the department faces,
but we strive to turn the challenges into opportunities.
We have a healthy undergraduate program, a vibrant
master’s program, and an excellent Ph.D. program. Our
graduates continue to be highly sought after and add
significant value to organizations that they join because
of their excellent work ethic and top quality education.
We also have a fantastic Advisory Board and friends
with gold Hokie hearts who contribute funds, time, and
valued advice to help the department. We will continue
to provide our students with the best education and our
faculty with opportunities to engage fully in scholarship,
teaching, and advising. We are Hokies!
Best wishes,
Reza Barkhi
PricewaterhouseCoopers Research Fellow and Head
We would like to thank Leanne Brownlee-Bowen for the
design of the newsletter template.
3
New Faculty
Welcome Our New Faculty
Dr. Di Ross, a Texas
CPA,
joined
the
faculty Fall 2010. She
earned her Ph.D. in
Accounting at Virginia
Tech, after a Bachelor’s
in Philosophy from
Hollins University and
an Accounting Masters
from
University
of
Texas-San Antonio.
Prior to teaching, Di
worked in accounting in
industry and served as
the business manager
for the San Antonio
YWCA. Since earning
her doctorate, she has
served on the faculty
of Texas State San
Marcos, St. Mary’s
University
in
San
Antonio, and Concord
University in West Virginia. In addition to university-specific
teaching awards, she has received the Outstanding Accounting
Educator Award from the Texas Society of CPAs, as well as
the Distinguished Achievement in Accounting Education,
awarded by the West Virginia Society of CPAs. She has taught
courses at the undergraduate and graduate level in a variety
of accounting areas: financial, managerial, not-for-profit,
international, financial statement analysis, and corporate social
responsibility.
Dr. Ross has 12 publications in refereed journals including
Internal Auditing, The International Trade Journal, Commercial
Lending Review, the ATA Journal of Legal Tax Research, the
CASE Journal, as well as the Journal of Accounting, Ethics
and Public Policy. Topic areas have included green-washing,
environmental disclosures, NAFTA, financial statement
analysis, cost accounting for pharmaceuticals, as well as a
variety of tax issues. Currently, her primary research interest is
in corporate social responsibility and organizational reporting.
She is currently the faculty advisor for the Accounting Society
and is delighted to be back at Virginia Tech.
Mr. Lynn A. Almond joined the ACIS department in the fall of
2010. He is a Hokie alumnus, having received his Master of
Accountancy degree in 1988 with a concentration in accounting
information systems. While a student, Lynn pursued his interest
in manufacturing by focusing his studies on cost and managerial
accounting. He is a Virginia licensed CPA and a CMA.
Lynn comes to the faculty at Virginia Tech with over 20 years
of industry experience. He served as the Controller or CFO
for several small to mid-size manufacturing companies. Lynn
has a broad range of experience in a variety of industries, from
traditional manufacturing to high-tech start-up companies.
Working in the world of smaller companies gave Lynn handson experience creating financial and cost accounting systems
4
and controls. He also
worked with multiple
banks
and
assetbased lenders to obtain
working capital and
long-term financing.
Most
recently,
he
worked with a bankruptcy and turnaround
consulting firm in New
York. Lynn provided
interim, crisis financial
management for troubled companies and
worked on forensic accounting projects. He
worked with clients in
manufacturing, health
care, commodity brokerage, and fine arts.
Lynn’s interests are in
the areas of financial,
managerial and forensic accounting. He is particularly
interested in the challenges of small to mid-size companies,
particularly in the areas of obtaining financing for working
capital and long term growth. Lynn teaches financial and
managerial accounting courses for the ACIS department
and is working with other faculty members to develop a
study abroad program specifically for accounting majors.
Lynn lives in Blacksburg with his wife, Jan. Lynn and Jan
have two sons, one an officer in the U.S. Navy and the
other a student at New River Community College. Lynn’s
other interests include woodworking, home improvement
projects, travelling and spending time with friends and
family. He can be reached via email at lalmond@vt.edu.
Dr. Bowe Hansen joined the department in the fall of 2011.
Bowe earned his Bachelor’s degree in Mathematics from
Washington & Lee University in 1996, Masters of Taxation
from the University of South Carolina in 2002, and Ph.D. from
Emory University in 2007. Prior to coming to Virginia Tech,
Bowe served on the faculty at the University of New Hampshire
for four years.
Bowe’s research interests focus on the use of accounting
information by the capital markets, and the impact of government
regulation on accounting disclosures. His previous work has
investigated issues related to the passage of Sarbanes-Oxley,
as well as regulations regarding disclosures by non-U.S. firms
listed on U.S. exchanges. His research has been published in
leading accounting journals including The Accounting Review
and Review of Accounting Studies. In addition, Bowe serves on
the Editorial Board of the Journal of International Accounting,
Auditing, and Taxation, and has served as a reviewer for the
European Accounting Review and the Journal of International
Accounting Research.
New Faculty (cont.)
During his time at
the University of
New Hampshire,
Bowe taught the
introductory
Financial Accounting
course, Intermediate Accounting I,
Intermediate Accounting II, and
International Accounting. He is currently teaching Advanced Accounting
at Virginia Tech.
When he is not in
his office, Bowe
enjoys
spending
time with his wife,
Elizabeth, and their
two children, Bailey
and Thomas.
Mr. B. William Demeré joined the faculty of the department
in the fall of 2011. Will is a proud graduate of Virginia Tech,
earning both his
Bachelor’s and
Master’s degrees
in
Accounting
and Information
Systems at Virginia Tech. During his time as
an undergraduate student, Will
was
involved
with many departmental
activities, including
participating in
the team-based
Goodman
Accounting Challenge, making it to the finals in back-to-back years. He also
spent time working with Management & Professional Development in the Pamplin College of Business.
Department Update
Department Update
by Robert Brown
As most of you know we now have a new department
head, Reza Barkhi.
We have information about Reza
in this issue of the newsletter. I enjoyed my eight years
as head just as I have enjoyed all of my 34 years at
Tech. I can’t think of a place where I would rather be.
Some of the highlights for Spring Semester 2011 are
presented below:
•
•
•
•
•
•
•
•
As a graduate student, Will taught Principles of Financial
Accounting and Principles of Managerial Accounting. He
also worked with study abroad programs in France and
Germany for two summers. He will be returning to Europe
again this summer, teaching on Pamplin’s “Doing Business
in Europe” program.
•
Will rejoins the department after having worked for Deloitte
in their Audit and Enterprise Risk Services function. He
worked primarily in the financial services industry, focusing
on debt and derivative accounting. During his time at
Deloitte, Will also remained closely connected to the
Accounting department at Virginia Tech, and was actively
involved in recruiting activities.
•
At the spring graduation, 141 undergraduate ACIS
students walked across the stage to receive their
diplomas. For the entire academic year 2010-11, 205
undergraduates received bachelor degrees in ACIS.
In addition, the department graduated 74 students
with Master’s degrees and 2 students received Ph.D.
degrees.
Seventy-three of our students graduated with
distinction: 15 summa cum laude, 22 magna cum
laude, and 36 cum laude.
Virginia Tech was the host school for the VSCPA leadership program this past summer. We have been the
host school for the past two years and are scheduled
to host it again in the summer of 2012. Seventy-five
students attended, representing 19 schools, primarily
from the state of Virginia.
This past year the department awarded, thanks to
your generosity over the years, more than $250,000
in scholarships.
Three new excellence funds were created by alumni.
More on these funds later in the newsletter.
We have four new faculty members. Di Ross and Lynn
Almond joined us in 2010 as instructors and Bowe
Hansen joined us this fall as an Assistant Professor.
Will Demere also joined us this fall as an instructor.
Will replaced Marilyn Griffin.
Marilyn resigned
effective this fall to pursue other opportunities. For
the past several years Marilyn taught Personal
Computers in Business for the department.
With Tarun Sen’s retirement, Steve Sheetz is now
teaching in the MIT program, an on-line program run
out of the Northern Virginia Campus.
Faculty published 24 papers in 2010-11. Among
the journals where faculty published were: The
Accounting Review, Information Systems Research,
European Journal of Operational Research,
Accounting Horizons and Decision Support Systems.
The annual Virginia Accounting and Auditing
Conference was again a success thanks to the effort
of Sam Hicks and others. Over 850 professionals
attended. The department along with the VSCPA is
planning a similar conference for this summer in the
D.C. area. We have more information later in the
newsletter.
The Tailgate prior to the Boston College game at the
University Club was a lot of fun and we won the game.
We had around 200 people stop by and we got to see
many alumni that we had not seen in a while.
5
Donors
Special Thanks to Our Donors
The students and faculty of the Virginia Tech Department of Accounting and Information Systems are most grateful for the gifts
received between July 1, 2010 and June 30, 2011 from the following alumni, friends, faculty, and parents. Alumni are listed
by the class with which they received their degree from Virginia Tech. Names include donors to departmental endowment
accounts and unrestricted giving to the department. If your name is omitted, please accept our apologies and notify the
department immediately.
1942
Kermit R. Kelley
1949
Rieman McNamara, Jr.
1954
I. Edward Trotter, Jr.
1955
Jerome M. Sandvig
1957
J. D. Berlin, Jr.
J. Frederick Merz, Jr.
1958
John R. Gillespie
1959
T. Benjamin Garland, Jr.
Joseph B. Wright
1961
Ray W. Edwards
G. Thomas Fields
1963
P. William Kiefaber, Jr.
1967
Tommy R. Blacka
Jasper R. Eanes
1968
T. Randolph Whitt
1969
Jorge A. Del Alamo, Jr.
Bruce H. Engelmann
Rodger L. Holley
Randolph W. Jones, Jr.
Gary W. Lee
Jerry L. Little
David R. Wright
1970
Roy L. Avent
T. Norman Bush
Elizabeth L. Cassell
James E. Pearman, Jr.
1971
Jerry B. Bullington
Joseph W. Christenbury, Jr.
Robert A. Foster
Peter C. Hill, Jr.
6
1971 cont.
Harry Schwarz
R. Kent Wood
1972
Stephen F. Evans
Darrell D. Martin
Howard E. Munnikhuysen
Paul A. Wohlleben
1973
Gary D. Cornwell
Allyn G. Eanes
G. Ronald Hager
John J. Renner, II
Charles R. Smith
R. Edward Yost
1974
C. E. Andrews
David M. Breedy
Dennis D. Burgess
J. Michael Burris
James E. Floyd, Jr.
James C. Harris
Dana G. Kilgore
Thomas M. King
Russell V. Meyers
Lawrence G. Silver
Bobby L. Vest
1975
Mary A. Cooke
Michael B. Cooke
Deborah H. Cureton
Luther G. Ensminger
Laurie P. Hasten
James M. Kagey
1976
Ronald O. Cardwell
James A. Carleton
Duffie G. Cox
Larry R. Holleman
David M. Koeninger
David R. Malcolm
W. William Ward, Jr.
Michael E. Watson
1977
James W. Brackens, Jr.
Robert S. Dumas
Scott M. Fuller
John R. Hamilton
Edwin H. Johnson, II
E. Jeffreys Love
Gayle E. McCroskey
1977 cont.
Jeffrey D. Mitchell
Rebecca P. O’Connell
James D. Penny
Gregory C. Thompson
1981 cont.
Hunter W. Wagstaff
Katie T. Wagstaff
David L. Wedding
Paula M. Weller
1978
Thomas F. Crump
Frank J. Doll
Mary E. Engelmann
Sidney K. McNiel
Frank S. Warren, Jr.
1982
Deborah L. Clark
Heidi O. Derby
Shirley A. Edwards
Christopher D. Jessie
Horace L. Lamb, Jr.
Kathy R. Litsas
Marianna C. Stershic
Laura D. Tolles
Mary K. Tuohy
Timothy D. Ward
1979
Cynthia A. Allen
David P. Butler
David L. Calhoun
John J. Conklin, III
Gary W. Derby
Maurice L. Fingeret
Lisa L. Hamilton
Jerry L. Little
Dawn E. Miller
Jeffrey C. O’Neil
Steven M. Parker
Christine A. Shreve
Thomas N. New
Southerly
Staff:
1980
Vanessa F. Abbott
George E. Adkins, Jr.
David S. Brennan
Robert A. Bruce
Jennifer R. Conklin
P. Joseph Golden
Alan J. Goldsticker
Judy H. Griffiths
Dennis M. Loftis
Thomas J. Mangold
Kay S. Mook
R. C. Morris, Jr.
Robert M. Peebles
1981
Robert G. Arnall
Bruce M. Atkinson
Lotte D. Bostick
Kevin J. Chadwell
Carol B. Gardner
Charles R. Gauntt
Diane M. Graham
Alan E. Kessock
John N. Litsas
Stephen M. McNally
Michael J. O’Neil
John E. Stabler, Jr.
Tammy Tien
1983
John W. Carney
Gerald K. DeBusk
Jody L. Elliott
Jeffrey W. Farrar
Mary T. Hisey
Carman J. Liuzzo
Courtenay T. Maton
Janet M.Mullens
Matthews
Jessica
James F. Mosberg
Sharon S. Parker
Steven L. Parker
Stephen V. Witman
Paul M. Young
1984
Tina M. Allen
Kenneth R. Allen
Paul H. Chapman
Donald R. Compton
Mary J. Heizer
Jeffrey W. Merhout
Frank M. Pieruccini
Joseph J. Romagnoli
Annette C. Willis
Chris M. Xystros
1985
Gloria F. Carter
Lynne M. Doughtie
John R. Dutzer
David S. Hughes
Jimmie S. Hughes
Edward J. Riffert
Robert W. Stewart
Vernon S. Wellford
1986
Phillip A. Bullock
Donors (cont.)
1986 cont.
Robert E. Hutton
Gaynell G. Kuck
Daniel R. Lasik
Katherine D. McDaniel
Diane A. Riordan
Tom Taricani
Matthew K. Thomas
Donna P. Yenney
1987
John Gallagher
David S. Jarvis
Dennis M. Scullin, Jr.
Christopher W. Shean
Daniel L. Watson
James A. Wilding
Timothy C. Winder
1988
Suzanne S. Benge
John F. Haas
Ramesh Narasimhan
Marvin A. Thomas, Jr.
William K. Thomas
1989
J. William Colbert, Jr.
Stephanie L. Cooker
Tracy K. Kenny
M. Megan Martin
Yvonne C. McGill
Michael P. Riordan
William B. Schwartz
Travis C. Sherman
1990
Michael L. Beauch
Michael S. Comer
Daniel L. Dodson
Keith E. Klesat
Carlos A. Otal
Brian D. Peters
Brian E. Rhoades
1991
Steven E. Jones
Jennifer S. Thomas
1992
Kenneth E. Cooke
Donna L. Fike
Sherri H. Goodwin
George B. Manners
Ellen S. Medlock
1993
Michelle M. Bendel
Timothy J. Bendel
Trenton M. Clark
1993 cont.
Roger W. Dean
Tiffany L. Gorman
Thomas L. Milburn
Robert A. Ryba
Pamela C. Smith
Victor J. Vecchiariello
Darin A. Zywan
2002 cont.
Gregory M. Guelcher
Amy R. Maphis
Peggy E. Snyder
1994
Laura J. Anikow
Nicole A. Clark
James D. Fike
David C. Green
Oliver Liu
Bruce A. Riggins
Stephanie L. Ward
2004
Christopher L. Frye
Timothy M. Mulieri
1995
Cole M. Cox
John D. Knightly
Kevin L. Lane
Kimberly F. Williams
Sean T. Willson
1996
Chor-Ching Fan
Angela S. King
William B. Litton, Jr.
Nancy S. Willson
1997
Jennifer M. Kennedy
1999
Adam P. Childers
Benjamin D. Gibson
Kimberly D. High
Rebecca A. Mann
Michael E. Mize
Mary A. Reichard
Michael A. Reichard
Courtney F. Sommer
2000
Aaron D. Crabtree
Michael S. Day
William A. Kerler, III
Lisa D. Lane
Thomas S. Marsh
Phillip B. Moore
Kevin A. Secrest
Jennifer L. Tauser
Allen J. Whitesell
2001
Stephanie Marsh
2002
Charles E. Andrews, Jr.
2003
Jeffrey B. Callaway
Krystal R. McCants
2005
Arron S. Fleming
Bryan L. Garbett
Jon M. Legge
Kristen M. Lowe
Angela K. Thompson
Jaclyn M. Washecka
Matthew D. Ytzen
2006
Kenneth F. Huber
Raheel S. Khan
Andrea L. Schline
Jennifer L. Wade
2007
Kourtni M. Brown
Patrick J. Hurley
Delia F. Valentine
2008
Michael P. Dunleavy
Kaitlin W. Lambert
Patrick R. McKenney
David M. Powers
Sean P. Simmons
2009
Mark D. Baer
Kelli E. Brady
Megan B. Moore
Nicholas P. Slonka
Megan E. Wright
Friends, Faculty, & Parents
Thais Beams
Nancy K. Berlin
Nancy E. Blacka
Joelen Brown
Robert M. Brown
Carolyn B. Bush
Karen Chapman
Steven W. Clark
Joseph D. Coppolino
Laura B. Cornwell
Paige B. Crump
Linda M. Del Alamo
Friends, Faculty, & Parents
cont.
Joyce Depace
Carrie M. Duncan
John Y. Eanes
Sallie Edwards
Bonnie M. Farrar
Alison G. Fesler
Donald D. Fesler
Arthur E. Flach
Paula Gershen
Julia Gould
William K. Griffiths
Kerry Hall
Gail Hayes
Michael P. Hayes
Ruthann Hicks
Sam A. Hicks, Jr.
S. P. Ivy
Nancy D. Jonas
Janet D. Jones
Marie L. Karl
Timothy F. Kenny
Jennifer Klesat
Kelly B. Lamping
Rebecca Legge
Dorothy H. Leininger
Wayne E. Leininger
Rebecca C. Liuzzo
Susan B. Malcolm
Bryan Maphis
Betty R. Martin
Bryan Moser
Dale O’Neil
Brenda K. Pearman
Pamela B. Peebles
Pamela J. Penny
Deborah F. Peverill
Steven K. Rainey
Joan Renner
Mara C. Riggins
H. W. Schlaudecker
Penny Schwarz
Annie Seago
W. Eugene Seago
Sarah J. Shuey
Judi K. Stuart
David P. Tegarden
Linda F. Tegarden
Kathryn L. Thompson
Karen J. Ulans
Melissa T. Vermillion
Charles E. Violand
Dinah H. Watson
Carla V. Wilding
Sharon E. Wohlleben
Linda B. Wright
Gary Wycoff
Mary Wycoff
Alexanne Y. Yi
7
Financial Reports
Financial Reports
DEPARTMENT OF ACCOUNTING AND INFORMATION SYSTEMS
PAMPLIN COLLEGE OF BUSINESS
VIRGINIA TECH
UNRESTRICTED GIFTS TO VIRGINIA TECH FOUNDATION
For Year Ended
June 30,
Alumni & Friends
Matching Gifts
Grants/Other Support
2004
2005
2006
2007
2008
2009
2010
2011
$ 50,310
32,909
2,000
$ 61,915
53,523
2,000
$ 76,883
61,701
7,500
$111,861
86,245
17,500
$ 70,863
95,535
22,500
$ 70,467
114,723
13,000
$ 65,522
120,124
8,000
$ 66,917
98,047
3,000
$ 85,219
$117,438
$146,084
$215,606
$188,898
$198,190
$193,646
$167,964
($ 26,016)
$ 32,219
$ 28,646
$ 69,522
($ 26,708)
9,292 ($ 4,544)
($ 25,682)
(23.4%)
37.8%
24.4%
47.6%
(12.4%)
4.9%
(2.3%)
(13.3%)
Number of Donors*
389
340
351
318
391
342
336
356
Increase (Decrease)
122
(49)
11
(33)
73
(49)
(6)
20
45.7%
(12.6%)
3.2%
(9.4%)
23%
(12.5%)
(1.8%)
6%
Total
Increase (Decrease)
Percentage
Percentage
$
*Indicates donors who made unrestricted gifts and gifts to endowment accounts.
DEPARTMENT OF ACCOUNTING AND INFORMATION SYSTEMS
PAMPLIN COLLEGE OF BUSINESS
VIRGINIA TECH
RESTRICTED GIFTS TO VIRGINIA TECH FOUNDATION
For Year Ended
June 30,
Alumni & Friends
Matching Gifts
Grants/Other Support
Total
Increase (Decrease)
Percentage
8
2006
2007
2008
2009
$244,292
108,650
----- $269,248
49,800
------
$631,919
85,900
------
$1,767,179
81,500
------
$261,842 $216,586
144,053
206,122
------
------
$352,942
$319,048
$717,819
$1,848,679
$405,895 $422,708
$ 89,998
($ 33,894)
$398,771
$1,130,860 ($1,442,784)
34.2%
(9.6%)
125%
158%
2010
(78%)
2011
$ 16,813
4.1%
Financial Reports (cont.)
DEPARTMENT OF ACCOUNTING AND INFORMATION SYSTEMS
PAMPLIN COLLEGE OF BUSINESS
VIRGINIA TECH
UNRESTRICTED GIFTS TO VIRGINIA TECH FOUNDATION
FOR YEAR ENDED JUNE 30, 2011
Gifts from Alumni, Faculty, and Friends
Matching Gift Programs*
Public Accounting Firms
Deloitte LLP
Ernst & Young LLP
Goodman & Company
Grant Thornton LLP
KPMG LLP
PricewaterhouseCoopers LLP
Total
$ 66,917
$ 1,200
11,950
500
12,200
33,460
3,528
$62,838
Corporate Programs
Air Products & Chemicals, Inc.
$ 300
AXA Foundation
500
Bank of America Foundation, Inc.
2,000
Dell Direct Giving Campaign
4,552
Eli Lilly and Company Foundation
500
Freddie Mac Foundation
500
LibertyGives Foundation
10,000
Lorillard Tobacco Company
300
Northrop Grumman Foundation
500
Portfolio Recovery Associates
1,500
Ryan & Company
1,500
T. Rowe Price Associates Foundation, Inc.
6,000
The Brink’s Company
400
The Goldman Sachs Group, Inc.
1,100
Universal Leaf Foundation
800
Verizon Foundation
3,051
Wells Fargo Foundation
1,056
Other Corporate Matches
650
Total Corporate Matching Gifts
$35,209
Total Matching Gifts
98,047
Other Support
Lanigan, Ryan, Malcolm & Doyle, P.C.
$ 3,000
Total Other Support
3,000
Total Unrestricted Gifts
$167,964
*Amount includes donor’s gift plus company match.
9
Financial Reports (cont.)
DEPARTMENT OF ACCOUNTING AND INFORMATION SYSTEMS
PAMPLIN COLLEGE OF BUSINESS
VIRGINIA TECH
ENDOWMENT (RESTRICTED) GIFTS TO VIRGINIA TECH FOUNDATION
FOR YEAR ENDED JUNE 30, 2011
Gifts from Alumni, Faculty, and Friends
Matching Gift Programs*
Public Accounting Firms
Deloitte LLP
Ernst & Young LLP
KPMG LLP
PricewaterhouseCoopers LLP
Total
$216,586
$
6,000
83,750
5,000
31,000
$125,750
Corporate Programs
Boeing Matching Gifts Company
$ 69,400
Dominion Foundation
600
Johnson & Johnson
100
LaSalle Hotel Lessee, Inc.
5,000
Wells Fargo Foundation
5,272
Total Corporate Matching Gifts
$ 80,372
Total Matching Gifts
206,122
Total Endowment Gifts
$422,708
*Amount includes donor’s gift plus company match.
Endowed Gifts
Endowed Gifts to the Department
Although the department received no new scholarships in 2010-11, many significantly increased the size of existing
scholarships through current contributions, pledges and/or bequests.
During the year three new excellence funds were established:
The Epp family, relatives and friends of David Walker Epp established the David Walker Epp Memorial Fund. I had
David in class and saw him on subsequent times at student recruiting events. He was an outstanding young man.
If you wish to make a donation to this fund send your donation to the department with attention to Phyllis Neece.
John F. Weeks, Jr., class of ‘68, and Elizabeth C. Weeks have established the John and Elizabeth Weeks
Excellence Fund in ACIS through a charitable remainder trust.
James D. Penny, class of ’77, and Pamela J. Penny established the James D. Penny Accounting Excellence Fund
through a gift and pledge.
10
Student Awards
ACIS Student Awards
2011-2012
Accounting and Information Systems
Advisory Board Award
• Kelly E. Whay
Gerald L. Alderson Accounting
Scholarship
• Andrew A. Adell
Accounting and Information Systems
Alumni Scholarship
• Brandon Ater
• Samantha M. Dunn
• Vieroslava Figueroa
• Chantal M. Francis
• Joanna L. Garcia
• Christine Gimbar
• Casey A. Kilcoyne
• Kevin S. Lee
• Katelyn N. Matherly
• Mitchell A. Sachs
• Meredith B. Vogt
• Matthew N. Witman
• Lacey A. Woolf
Anderson and Reed Scholarship
• Kelsey E. Atkins
Floyd A. Beams Scholarship
• Kerry K. Inger
Bobby Lee Benson Memorial
Scholarship
• Brian T. Benson
Tommy R. and Nancy E. Blacka
Scholarship in ACIS
• Caitland M. Brooks
• Timothy C. Hwang
Wayne E. Boggs Scholarship
• Christina N. Botten
• Jeffrey J. Virga
D. Perry and Sharon C. Brown
Accounting and Information Systems
Scholarship
• Sonia R. Mundackal
• Touhida Zaman
T. Edwin & Willie Ann Bush
Scholarship
• Michael V. Hafer
Thomas R. Byrd Scholarship in
Accounting and Information Systems
• Stephanie K. Carroll
• Grant M. Chaney
• Hejab Chowdhury
• James P. Lee
• Cassandra A. Mendoza
• Meghan C. Seifert
John F. Carroll Scholarship
• Christian E. Mays
Pauline L. Corn Scholarship
• Alan J. Stancill
Rosalind N. Cranor Fellowship in
Accounting and Information Systems
• Amy M. Hopkins
Clifford A. Cutchins, III Scholarship
• Laura E. Beale
• Brandon A. Collins
• Alyssa L. Hurd
• Edward S. Kim
• Laura A. O’Neil
• Tyler G. Ott
Jorge and Rosa Del Alamo
Scholarship In ACIS
• Nicole A. Criley
Deloitte Award
• Edward M. Judge
Joseph M. Donnelly ’70 Accounting
Scholarship
• Ashley N. Hart
Loretta R. Donnelly Memorial
Accounting Scholarship
• Holly B. Grebe
• Katie M. Moxter
Douglas R. Eanes Memorial
Scholarship in Accounting
• Steven J. Goldstein
Jasper R. and Allyn G. Eanes
Scholarship in Accounting
• Timothy C. Hwang
• Scott T. Simmons
Loretta M. Emery Scholarship in
Accounting
• Callie L. Pippin
• Timothy L. Tishman
Ernst & Young Accounting
Achievement Award
• Steven J. Goldstein
• Christopher M. Lowery
Accounting and Information Systems
Faculty Scholarship
• Jeffrey O. Brown
• Kathryn A. Enget
• John R. Lauck
• Joseph R. Rakestraw
Robert L. Freeman Scholarship
• Randall F. Buonviri
• Edward M. Judge
• Alyssa M. Knies
• Jennifer E. Morrow
• Jonathan D. Williams
William S. Gay Scholarship
• Elizabeth A. Dunn
• Joseph H. Ingberg
• Alan J. Stancill
• Todd P. White
Grant Thornton Award
• Amy M. Hopkins
• Joseph H. Ingberg
L. Mahlon Harrell Scholarship
• Liana A. Farb
Leo Herbert Scholarship
• Joanna L. Garcia
Robert F. Hogan, Jr. and Alison W.
Hogan Fellowship in ACIS
• Leah N. Zacherl
Dr. Frederick E. Horn Memorial
Scholarship
• James P. Long
T. Dallas Hundley, Jr. Scholarship
• Taylor H. Rebele
Janice M. and Steve H. Huppert
Scholarship
• Daniel R. Carroll
IBM Corporation AIS Scholarship
• Anh D. Son
• Benjamin T. Watanabe
Joseph R. Jenkins Scholarship in
Accounting
• Elizabeth A. Dunn
Christopher Allen Johnson Memorial
Scholarship in Accounting
• Alison M. Lagola
• Jessica D. Propps
• Xin Zheng
Johnny R. Johnson Memorial
Scholarship
• Michael E. Ozlanski
KPMG Leadership Award
• James Z. Helmintoller
KPMG Scholarship
• Laura A. O’Neil
Konrad W. Kubin Scholarship in
Accounting and Information Systems
• James Z. Helmintoller
C. Franklin and Helen M. Lawson
Memorial Scholarship in Accounting
• Kevin S. Lee
Kwan Soon Lee Scholarship
• Jenna D. Hoover
• Jonathan C. South
Wayne E. Leininger Scholarship in
Accounting
• Jing Li
Robert C. Morris, Jr. Freshman Merit
Scholarship
• Michele Ahn
• Sarah E. Beamer
Michael and Nancy Owens
Scholarship in Accounting and
Information Systems
• Hillary A. Wheatley
11
Student Awards (cont.)
Ronald J. Patten Scholarship in
Accounting and Information Systems
• Gabriel D. Saucedo
Ernest J. Pavlock Scholarship in
Accounting and Information Systems
• Nicole S. Wright
Pearman Family Freshman Merit
Scholarship
• Anna K. Bruce
James D. Penny Scholarship
• Hejab Chowdhury
John E. Peterson, Jr. and Mary Jane
C. Peterson Ph.D. Fellowship
• Eric M. Negangard
• Michael E. Ozlanski
• Jonathan S. Pyzoha
PricewaterhouseCoopers Award
• James Z. Helmintoller
R. Bruce Prouty Scholarship
• Zachary M. Vozzo
Joseph J. Quadros, Jr. Scholarship
• Natalie R. Atkins
• Alysha M. Braddy
• Aimee K. Fatico
• Benjamin F. Lindemann
Frederick M. Richardson Scholarship
in Accounting and Information
Systems
• Ryan D. Leece
• Gabriel D. Saucedo
James Robinson Award
• Caroline G. Boulanger
Mary F. McVay and Theodore R.
Rosenberg Scholarship
• Kiung Moon
• Gregory E. Smith
John T. Ryan Scholarship
• Markus B. Gibson
Harry & Penny Schwarz Scholarship
in Accounting
• Amanda K. Grivnovics
Thomas L. Souders Accounting
Scholarship
• Katelyn T. Caraker
Katheryn A. Tyree ’02 Memorial
Scholarship
• Anh D. Son
VSCPA Award of Achievement
• Sydney E. Stronko
Jimmie L. Wade Accounting
Fellowship
• Kimberly A. Lane
Thomas M. Wells Scholarship in
Accounting
• Mohammad R. Bashshiti
Wells Fargo Scholarship in Accounting
• Christopher M. Lowery
Virginia Owen Williams Memorial
Scholarship
• Jing Li
• Cassandra A. Mendoza
Elmer S. Wilson, Jr. Memorial
Scholarship in Accounting and
Information Systems
• Kimberly P. Bereznak
Yount, Hyde & Barbour Scholarship
• Cassandra A. Mendoza
• Kelly E. Whay
International Workshop
Eric Negangard, ACIS doctoral student, presents research related to User
Resistence to the Implementation of Mandatory Security Enhancements to
onlooking conference participants.
12
International Workshop
International Workshop on Information Security
On September 23 and 24, 2011, Dr. France Belanger hosted an international group of researchers at the Virginia Tech Inn
to discuss information systems security. The 37 participants in the Dewald Roode Information Security workshop came
from several countries including Canada, China, Finland, South Africa, South Korea, and the United States. The group was
composed of Ph.D. students, junior faculty, and senior experts in the field. In fact, among the participants were current or
previous Editors in Chief and Senior Editors of three of the top four academic journals in the field of information systems.
As a result, the discussions were animated, with everyone contributing substantially to help improve each other’s work and
advance knowledge in the information systems security domain. Dr. Belanger herself had two research papers discussed
during the workshop, one of which was the result of a research project with her doctoral students conducted during the spring
semester 2011. Eric Negangard, a third year ACIS Ph.D. student, presented this paper, and sums up his experience as follows:
“The conference was awesome and having the opportunity to present in front of such an established group of researchers
was a tremendously valuable experience. Two other Pamplin Ph.D. students, Kathy Enget and Stephane Collignon, and I
are working on a paper with Dr. Belanger that focuses on user resistance to mandatory security enhancements. We received
invaluable feedback from the attendees throughout the conference proceedings and especially during the presentation of our
paper. We are all super excited to incorporate their comments into our paper as we continue to strive for a significant publication!”
All of the participants were very impressed with the Virginia Tech campus and the facilities at the Inn. Consequently, Dr.
Belanger and her co-chairs had to shuffle the schedule around to allow time for a campus visit during the two-day session.
Dr. France Belanger, Professor, ACIS department and Conference Host and Dr.
Rob Crossler, VT Alumnus and Conference Co-Chair, with onlooking conference participants discussing research related to information systems security.
13
Ya r d l e y i n A f g h a n i s t a n
Jim Yardley Spends a Year in Afghanistan
b y J i m Ya r d l e y
I spent last year working for US
Treasury as an advisor to the Internal
Audit Department in the Ministry of
Finance of the Islamic Republic of
Afghanistan. The World Bank started
work with internal audit in 2008 and I
was sent to assist.
I worked primarily in Kabul, although
I made one trip to Kandahar. I lived
in the US embassy compound –
variously referred to as the world’s
most exclusive gated community, a
glorified medium security prison, and,
in my opinion, an assisted living facility.
My personal space was a hooch, an
8’ by 14’ container with a bed and a
bathroom. It wasn’t much, but it was
home.
The Ministry of Finance is located
in old Kabul about 8 miles from the
US embassy compound. The daily
commute would take from 20 minutes
to 2 hours, depending on traffic. The
drive required passing through a
minimum of five military checkpoints. I
was allowed to travel in a US embassy
vehicle only; the vehicles were Land
Cruisers with bulletproof windows (that
could never be opened) and reinforced
blast-proof doors (that could barely be
opened) driven by Afghans who worked
for the embassy. The drivers became
good friends. I was totally dependent
on them for my security when travelling
about the city.
People in Kabul speak Dari; there is no
word for audit in Dari. There is a word for
investigation, as in police investigation.
For an Afghan the concept of an audit
is difficult to separate from the concept
of a criminal investigation. The internal
auditors understood that an audit
should not be an investigation but
were not sure what an audit should
be. I did not understand the situation
and practicalities of Afghanistan but
understood what auditing could be. I
shared ideas about process auditing
and internal controls; they shared an
understanding of the environment.
Together we created the possible.
The specific objective of my assistance
was to develop internal audit
departments in other ministries. The
process began by developing a team
in the Ministry of Finance who could
perform adequate audits. This team
would train others to achieve the same
level of competence. When I left, this
was happening.
The good news is that the internal
auditors embraced new concepts,
were quick to learn, and were fully able
to adopt new procedures and produce
quality reports. The bad news is that
there was no will in government to
act on the audit reports. This was a
mixed blessing; if the audit reports had
produced results, the auditors may
have been in danger. As it is, there are
no consequences to the reports, so the
auditors are able to expose problems
safely.
The internal audit departments in the
ministries were interesting places.
Salaries for Afghan government
personnel do not provide a living
wage. Most government employees
try to “supplement” their low salaries
by accepting “tips” for providing better
service.
Because internal auditors
have no opportunity to collect tips,
internal auditing is not the career of
choice for civil servants. In fact, it is
a punishment assigned to those who
refuse to go along with illegal activities.
Teaching ethics to this group was
therefore unnecessary.
The group that I worked with were from
all Afghan ethnic groups: Pashtuns,
Uzbeks, Tajiks, and Hazaras. All were
probably suffering from traumatic
stress; the strain of living with one’s
family in Kabul is extreme. I was
able to return to the relative safety of
the embassy each evening; my team
never received a similar break.
I left with a feeling of hope for
Afghanistan. The average Afghan
wants the same for his or her family as
I do for mine. Mostly, they are good
people caught in a horrible situation.
Ministry of Rural Development
Training Class.
14
Ya r d l e y ( c o n t . )
Ministry of Finance Training of Trainers Seminar.
Jim Yardley entering MRAP in Kandahar.
Jim Yardley entering MRAP in Kandahar.
Classroom Training at Ministry of Rural Development.
15
Department of Accounting and Information Systems
Virginia Polytechnic Institute and State University
3007 Pamplin Hall (0101)
Blacksburg, VA 24061
Non-Profit Org.
U.S. Postage
PAID
Blacksburg, VA 24060
Permit No. 28
New Conference
Virginia Accounting and Auditing Spring
Conference -- May 14, 2012 -- Westfields
Marriott, Washington Dulles, Chantilly, VA
We are pleased to announce the first offering of the Virginia Accounting and Auditing Spring Conference designed for our
alumni and for CPAs who live and work in the Northern Virginia area, especially those of you who work for the federal government. Over time we hope to expand the conference to a two day event that covers a variety of topics such as is done at the
Roanoke and Virginia Beach conferences. For the first offering, we plan a one-day conference with two 50 minute plenary
sessions and three 100 minute seminar sessions, a total of 8 CPE hours. We will offer three tracks in the seminar sessions:
•
•
•
Federal Accounting and Auditing Issues
Governmental Contracting Issues
Preventing Fraud, Waste, and Abuse
We will have leaders in each of these three areas to bring to the alums and other CPAs in the Northern Virginia area the latest
thinking on these topics. We have a large planning committee with members from the GAO, DCAA, FASAB, OMB, practicing
CPAs, Virginia Tech faculty, and VSCPA staff. We also have some of the top thinkers in the area of forensic accounting who
are studying the software and policies designed for the prevention of fraud, waste, and abuse.
Mark Your Calendars. More information on topics and speakers as well as registration information will be forthcoming in the
winter.