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The Ivy College of Business Department of Accounting will host the 19th annual Contemporary Issues in Accounting Conference on Friday, December 17, at Iowa State University. Earn continuing professional education credit and explore the beautiful new expansion to the Gerdin Business Building. This year’s conference features a keynote address by Sean Vicente, managing partner at KPMG’s Des Moines office.

Eight credits of continuing professional education will be offered, including two hours of ethics education. CPE credits from this conference are accepted by the Iowa Accountancy Examining Board. Out-of-state participants should check with their state board of accountancy to determine eligibility.

Registration Deadline: December 3, 2021
Registration Cost: $240

Registration includes continental breakfast and lunch.

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Registration is now closed for this event.

 

Conference Agenda

TimeEvent
7:30-8:00 a.m.Check-in and continental breakfast
8:00-8:10 a.m.Greeting from Brad Trinkle, chair of the Department of Accounting
8:10-9:00 a.m.Keynote Address:
“Advisory Services in an Ever-Changing Environment”
Sean Vicente, Managing Partner, KPMG Des Moines
9:00-9:10 a.m.Break
9:10-10:50 a.m.Session 1 (see options below)
10:50-11:00 a.m.Break
11:00-11:50 a.m.Session 2 (see options below)
11:50 a.m.-12:30 p.m.Lunch
12:30-2:10 p.m.Session 3 (see options below)
2:10-2:20 p.m.Break
2:20-4:00 p.m.Session 4 (Ethics CPE; see description below)
4:00 p.m.Closing remarks

 

Session and Presenter Details

Session 1A: 40 Years as a CPA: Reflections on an Ever-Changing Professional Environment 

Last year, Bill Dilla celebrated the 40th anniversary of his CPA license. As he approaches retirement from the active workforce, Bill will offer observations on how changes in the profession over time have shaped efforts to educate future CPAs. He will discuss the current state of the accounting profession and academy and offer thoughts for the future.

William N. Dilla, CPA (Texas) is the Union Pacific / Charles B. Handy Professor of Accounting at Iowa State University. He teaches courses in auditing and fraud examination. His research focuses on information display effects with respect to accounting-related judgments, the relationship between internal audit activities and information security effectiveness, fraud in online environments, and management control systems for corporate sustainability. He currently serves as an associate editor at the Journal of Forensic Accounting Research. Bill received his PhD from the University of Texas at Austin and his MBA from Syracuse University. Prior to entering graduate school at the University of Texas, he served on the audit staff of Deloitte.

 

Session 1B: Understanding System and Operation Controls (SOC) Reports 

The AICPA recently expanded its offerings of system and operation controls (SOC) reports to include SOC for cybersecurity and SOC for supply chain reports. This session will discuss the types of SOC reports, motivations driving these reports, recent changes to the reports, and use cases for members of industry and CPA firms.

Jim Kurtenbach is an associate professor of accounting at Iowa State University, where he specializes in financial analysis and business analytics. Kurtenbach conducts research and teaches courses in accounting information systems and analytics, as well as entrepreneurship.

Diane Janvrin, professor of accounting, holds the William Varner Professorship of Accounting at the Debbie and Jerry Ivy College of Business at Iowa State University. She earned her master’s and PhD from the University of Iowa and her bachelor’s degree from Central College in Pella, Iowa. Diane teaches and researches in accounting information systems, data analytics, and auditing. She has published in several AAA journals including Accounting Horizons; Auditing: A Journal of Practice & TheoryJournal of Information SystemsBehavioral Issues in Accounting; and Issues in Accounting Education. She is an editor for the Journal of Information Systems.

 


Session 2A: Cognitive Biases and the Accounting Profession 

Anchoring, confirmation, halo? This session will review common cognitive biases and their impact on the judgments and decision-making of business professionals. The presentation and discussion will be structured around the following questions: What are common cognitive biases? What can we learn from existing research on cognitive biases in the business workplace? How do cognitive biases affect judgments and decision-making of accounting professionals or investors? How do features of the work environment affect biases and decision-making?

Kathryn Holmstrom, CPA, is an assistant professor of accounting. She joined Iowa State University in 2021 after earning her PhD from the Georgia Institute of Technology. Kathryn’s research interests are in judgments and decision-making of auditors, focused on improving audit quality. Prior to joining academia, she worked as a senior auditor with Deloitte and as an internal auditor and financial analyst with Rexnord Industries, in Milwaukee, Wisconsin. She is a CPA, licensed in the state of Wisconsin.

Olena Watanabe is an associate professor of accounting at Iowa State University. She received her PhD from the University of Missouri-Columbia. She is a nonpracticing CPA, licensed in the state of Missouri, and worked as a tax preparer prior to joining academia. Olena’s research interests include financial reporting quality, audit quality, firm disclosure, and healthcare policy. Her research has been published in The Accounting Review; European Accounting Review; Journal of Business Ethics; Journal of Information Systems; and Journal of Accounting, Auditing and Finance. She teaches intermediate financial accounting.

 

Session 2B: Compensation Committee: Setting Executive Pay 

Most compensation-related decisions are delegated to a compensation committee. These decisions include setting pay levels, determining the structure of pay (i.e., the fraction of salaries, bonuses, stock options, equity grants, and other components of pay), defining peer groups for industry benchmarking, choosing performance measures and metrics for incentive plans, and negotiating contracts with new executives. The characteristics and past experience of compensation committee members are the important determinants of the level and structure of chief executive officer (CEO) pay.

Sam (Sunghan) Lee is an associate professor of accounting at Iowa State University, where he teaches the “languages of business,” managerial accounting and auditing. His research focuses on how organizations publicize topics like management forecasts, same-store sales, corporate social responsibility, and CEO reputation/ability/social networks, with several publications in premier accounting journals such as The Accounting Review and Contemporary Accounting Research. Sam received his PhD at the University of Southern California and his MBA from Southern Methodist University. He was awarded the Mary Pickford Teaching Award at the University of Southern California and the Silver Circle Award for Excellence in Teaching at the University of Illinois at Chicago. Sam also has professional experience in auditing financial statements at KPMG Korea.

 


Session 3A: What Does “Sus” Mean?: Communicating Across the Generational Divide

Modern workplaces employ personnel spanning four generations, with each age group holding generationally-situated views on not only the work itself but also workplace communication. Communicating well across the generations in a workplace is important, but challenging. How do you capture your audience’s attention? How can your messaging land effectively? This interactive presentation will discuss the workplace ethos of the generations currently in the workforce as well as present strategies and best practices for effective professional communication.

Jamie Sass is the director of the Ivy College of Business Writing and Speaking Center. Her work includes coaching students to help develop their confidence and competence in professional communication as they become emerging industry leaders, and collaborating with faculty and staff to create a communication-intensive learning environment for students. Jamie received her MA in professional communication from Iowa State University.

 

Session 3B: Renewable Energy: How Corporate Social Responsibility Metrics Drive Decision Making

To meet the demand of investors who increasingly value corporate social responsibility (CSR) activities, many companies report CSR metrics on their websites and in their annual reports. One important component of these CSR metrics involves energy use. Iowa is a leader in wind energy, with over 60% of our energy coming from wind. This presentation will examine the use of wind and renewable energy in Iowa and related CSR metrics on corporate decision making.

Cynthia Jeffrey, CPA, CGMA, is the RSM Faculty Fellow in Accounting at Iowa State University, where she researches and teaches in the areas of international accounting, accounting theory, corporate social responsibility, and ethics. Her research has been published in numerous scholarly journals including The Accounting Review, Behavioral Research in Accounting, The international Journal of Accounting, Journal of Accounting, Auditing and Finance, Accounting Horizons, and Business Ethics Quarterly. Cyndie is the past editor of Research on Professional Responsibility and Ethics in Accounting. She is a member of the AICPA, Accounting and Financial Women’s Alliance, and the American Accounting Association. She was the founding director of the Master of Accounting program at Iowa State University. Cyndie received her PhD from the University of Minnesota and has completed the IFRS Certificate of Educational Achievement.

Diane Janvrin, professor of accounting, holds the William Varner Professorship of Accounting at the Debbie and Jerry Ivy College of Business at Iowa State University. She earned her master’s and PhD from the University of Iowa and her bachelor’s degree from Central College in Pella, Iowa. Diane teaches and researches in accounting information systems, data analytics, and auditing. She has published in several AAA journals including Accounting Horizons; Auditing: A Journal of Practice & TheoryJournal of Information SystemsBehavioral Issues in Accounting; and Issues in Accounting Education. She is an editor for the Journal of Information Systems.

 


Session 4: The Big Jab: Employer Mandated Vaccines

This presentation will begin with an overview of the ethical considerations faced by employers of professionals such as attorneys and CPAs in response to the COVID-19 pandemic. The presentation will also provide an overview of the legal landscape for employer-mandated vaccinations in the United States, and will culminate with the participants proposing recommendations in response to a hypothetical case study.

Michael Bootsma, JD, CPA, graduated from Iowa State University with a bachelor’s degree in accounting and finance. He holds a Juris Doctorate and a Master of Accounting degree from the University of Iowa, and a Master of Science in Taxation from Golden Gate University. Michael is a licensed CPA and a licensed attorney in the state of Iowa, and has held various professional positions in the areas of law and accounting. He currently teaches law, cost accounting, and taxation classes for Iowa State University as a Dean’s Teaching Fellow in Accounting. Michael, his wife Kerry, their son Isaac, and daughter Jorie live near Saylorville Lake where they enjoy many outdoor activities.

 


Cancellation Policy

If you are unable to attend the conference, you must notify Registration Services by noon on Friday, December 3, to receive a full refund. After the deadline, we are unable to process refunds.

For More Information

If you have questions regarding registration, please contact ISU Registration Services at registrations@iastate.edu or 515-294-6222.

For questions about the conference, please contact conference coordinators Kayla Sander (kayla@iastate.edu, 515-294-8796) or Jennifer Finch (jfinch@iastate.edu, 515-294-8112).

 

Iowa State University does not discriminate on the basis of race, color, age, ethnicity, religion, national origin, pregnancy, sexual orientation, gender identity, genetic information, sex, marital status, disability, or status as a U.S. Veteran. Inquiries regarding non-discrimination policies may be directed to Office of Equal Opportunity, 3410 Beardshear Hall, 515 Morrill Road, Ames, Iowa 50011, Tel. 515 294-7612,  Hotline 515-294-1222, email eooffice@iastate.edu.