This semester, Dean’s Teaching Fellow and Senior Lecturer of Accounting, Kayla Sander, took all of her Introduction to Auditing students to Renewable Energy Group’s (REG) manufacturing plant in Ames to have them perform actual auditing procedures for the company.
The students participated in two one-hour sessions at the company.
- The first hour consisted of a site tour around the REG office and plant. This was followed by an informational panel where various REG employees and officials visited with students about REG and what the company does. In addition, employees shared their experiences as accountants, and highlighted a variety of career options available in accounting.
- The second hour involved all of the students conducting an audit interview with a panel of REGcontrol owners. Prior to the visit, the students researched the company and its purchasing process in order come up with questions to ask the panel about their internal controls.
“We are so lucky to have the opportunity to work with such a successful public company in Ames that is willing to give the time to allow students to take their educational experience and apply it to the real world,” Sander said. This is a great example of how our professors are trying to take the students’ education outside of the classroom, so they can have first-hand experience of how an auditor does their job.
REG is an Ames company that has consistently put a great deal of their resources into Iowa State University students. In the summer of 2016 alone, REG hired a total of 65 Iowa State interns. We are especially grateful to Dave Simon, director, compliance, SCM, and Laura Garrett, team leader, internal audit for their help facilitating this activity.