SEC Office of the Chief Accountant Names Academic Fellow

FOR IMMEDIATE RELEASE
2011-159

Washington, D.C., July 29, 2011 – The Securities and Exchange Commission’s Office of the Chief Accountant today announced the selection of Urton Anderson as Academic Accounting Fellow for a one-year term beginning this summer.

Academic Accounting Fellows serve as research resources for SEC staff by interpreting and communicating research materials as they relate to the agency. The fellows have been assigned to ongoing projects in the Chief Accountant’s office including rulemaking, serving as a liaison with the professional accounting and auditing standards-setting bodies, and consulting with registrants on accounting, auditing, independence and reporting matters.

“The knowledge and perspective that Urton brings as a fellow from academia, including his auditing and corporate governance experience, will be of great benefit to the Office of the Chief Accountant. But more importantly, his work will benefit U.S. investors,” said James Kroeker, the SEC’s Chief Accountant.

Mr. Anderson is Clark W. Thompson, Jr., Professor in Accounting at the McCombs School of Business at The University of Texas at Austin. He received his BA from St. Olaf College in Northfield, Minn., and his MA and Ph. D from the University of Minnesota. Mr. Anderson teaches internal auditing, introductory auditing, managerial accounting, corporate governance, and ethics/compliance. At McCombs, he also has held the positions of Associate Dean for Undergraduate Programs and Chair of the Accounting Department.

Mr. Anderson’s research has addressed various issues in internal and external auditing – particularly auditor judgment, corporate governance, compliance, enterprise risk management and internal control. He has written four books and is one of the co-authors of the internal auditing textbook Internal Auditing: Assurance and Consulting Services. Several of these books have been translated into Spanish, Chinese, and Japanese. He has been active in the Institute of Internal Auditors and has twice served as Chair of the Internal Auditing Standards Board (2002 to 2003 and 2007 to 2010).

Mr. Anderson will replace two outgoing Academic Accounting Fellows. Shawn Davis is from Emory University and recently received an SEC Law and Policy Award for her significant contributions on legislative issues related to the Dodd-Frank Act. Saurav Dutta is an academic fellow from the University at Albany-SUNY.

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http://www.sec.gov/news/press/2011/2011-159.htm