Seventh-day Adventist Church Auditing Board Chair Appointed as Academic Fellow with S.E.C.
[Silver Spring, MD, July 21, 2009] The United States of America Securities and Exchange Commission's (SEC) Office of the Chief Accountant selected Dr. Jack Krogstad to serve as Academic Accounting Fellow for a one-year term beginning August 2009.
Academic Accounting Fellows provide research resources for SEC staff by interpreting and communicating research materials as they relate to the agency. They also provide the SEC Chief Accountant's office with assistance on special projects that include rulemaking, serving as a liaison with the professional accounting standards-setting bodies, and consulting with registrants on accounting, auditing, independence and reporting matters.
Dr. Krogstad teaches undergraduate and graduate auditing and strategic management courses at Creighton University in Omaha, Nebraska. He holds the Union Pacific Endowed Chair in Accountancy. In addition to teaching, Dr. Krogstad has published extensively and consulted as an expert witness in litigation involving accounting and auditing issues.
Dr. Krogstad is chairperson of the 18-member General Conference Auditing Service Board (GCAS), which is primarily comprised of business professionals from academia and industry who give administrative oversight to GCAS' global operations.
Since 1977, GCAS has been organized by the Seventh-day Adventist Church to perform structurally independent financial audits, reviews of trust operations, and tests of policy compliance for more than 2700 denominational organizations worldwide that have an estimated asset base of US$20 billion. With a team of approximately 200 highly qualified professionals operating from offices in 45 countries, GCAS is positioned to deliver audits of the highest quality at the best economical value.