Internal auditing is another avenue that students can take besides the traditional accounting tracks such as audit and tax. Everyone knows the cliché that once you get Big 4 experience you can go anywhere you want in your career. Did you know that internal auditing offers you the same opportunities? Yet so many people do not know that it exists!

• Did you know there is a huge market for internal auditing in Houston, Dallas, San Francisco, Chicago, New York City, Boston, and many other places around the country and around the world?
• Do you have to be CPA ready to be an internal auditor? Although it is encouraged, it is not a requirement in most companies.
• While many CPA firms require you to be CPA ready before they will even consider you for employment, internal auditing gives you another route to gain great experience while pursuing your future goals.
• Once a person has internal audit experience, everyone wants to hire them!
• There are a lot of internal audit departments out there that do not require extensive amounts of travel or overtime.
• So what about starting salary? Did you know that a person can easily make approximately $50K without having any kind of internal audit experience? Some places pay even higher than that!
• Did you know that by being an internal auditor you actually get to meet a lot of people in the company? Imagine having the CEO or the Chairman of the Audit Committee come and talk to you about issues in the company. Well as an internal auditor, that it sometimes a reality!
• Internal auditors get to work with managers and employees throughout the organization. Internal auditors get to learn about processes that affect a company. Imagine learning about SOX to service center operations to executive expenses to records retention to fleet and many more areas within 2 years.

Internal auditing presents many opportunities for people to learn about a company and to pursue their career goals. So are you interested in learning more about internal auditing as a career? If so, then join the Internal Audit Student Association (IASA) and pursue the internal audit program at Bauer College of Business and see for yourself what a great choice you made!

Thanks,

Lisa M. Berry, CFE

Internal Auditor

University of Houston

5000 Gulf Fwy Bldg. 3 Rm. 281-H

Houston, Texas 77024-0930

(713) 743-8054 ∙ Fax:  (713) 743-8015

E-Mail: lberry2@central.uh.edu

 Apply today here

Deloitte's Dbriefs U Spring '09 program, which includes four new on-demand webcasts will be available January 5:

Tax Basics

IFRS and Tax

Tax Legislative Process

Capital Gains and Losses

Full topic descriptions are available now at http://www.deloitte.com/us/dbriefsu/faculty

More Webcasts - Available now and throughout spring semester

Alternative Minimum Tax

Business Tax Credits

Effective Writing - Email

Entity Choices

Federal Tax Accounting

FIN 48

Financial Reporting of Income Taxes

International Taxation

IRS Disputes

Partnerships and LLCs

State Taxation

Tax in the Corporation

Tax and Human Resources

Tax Research

Tax Restructuring

Read more and view these webcasts at

http://www.deloitte.com/us/dbriefsu/faculty

DuCharme, McMillen & Associates
North America’s Choice for Corporate Tax Solutions

Tax Consultant – Intern

Spring 2009

Our Houston office is seeking to fill several Intern openings in our Sales/Use Division. As an Intern with DMA, you will be part of a growing team whose dedication and focus is delivering quality service and forming lasting partnerships with our Fortune 2000 client base.

Responsibilities include assisting in sales/use tax overpayment reviews, auditing reviews, filing refunds and performing other sales/use consulting projects. You will be involved in researching tax questions and issues, and obtaining and organizing necessary client data.

If you would like to begin a career with DMA and meet the noted qualifications, we would like to hear from you. Please submit your resume with cover letter to Annette Chance at achance@dmainc.com or fax to 281-240-2490.

Requirements:  Applicants seeking degrees in accounting or finance. Technical skills include basic knowledge of MS Word and Excel with knowledge of database applications a plus. Some travel to client locations is required.

DuCharme, McMillen & Associates has assisted companies in minimizing the cost and administration of corporate taxation for over 3 decades. Our mission is quite simple. We provide solutions that equip corporate tax leaders in their pursuit of excellence. Our tax expertise includes Federal, State Income and Franchise, Sales and Use, Property, and Technology and Process. With over 260 employee-owners with offices across the United States and Canada, DMA takes pride in our legacy and tradition of excellence.

We are proud to be Employee Owned and an Equal Opportunity Employer.

Ernst & Young Thought Center Webcasts and Podcasts

Please join Ernst & Young for presentations on the following two top accounting topics: Consolidation Accounting and IFRS

Consolidation Accounting, Wednesday, October 22, 2008 1:00 - 2:00 p.m. EST
The FASB’s proposed amendments to its Interpretation No. 46(R), Consolidation of Variable Interest Entities, have received considerable attention from the press in recent weeks. The proposed amendments are significant and come in response to concerns about the lack of transparency of an enterprise's involvement with off-balance-sheet structures. The FASB’s Exposure Draft is anticipated to be released soon. Key changes will be made to provisions for the determination of the primary beneficiary, reconsideration events and required disclosures. The amendments are expected to have wide-ranging effects on several structures, including many qualified SPEs which will now be consolidated. Join us as we discuss the proposed amendments. Additional details below.

Journey to IFRS: the SEC's Roadmap, date TBD, sign up now to receive an email with the date and time of this event
The SEC's recent announcement of its proposed International Financial Reporting Standards (IFRS) Roadmap is a big step toward the ultimate realization of IFRS adoption in the US. Although this publication is by no means a final rule, the winds of change are picking up velocity and the question of IFRS now is truly a matter of when and how and not if. Indeed, many companies already have taken the first steps toward preparing for the inevitable IFRS conversion. Additional details below.

Consolidation accounting

FASB Interpretation (FIN) No. 46(R) to be amended and Statement No. 160 changes accounting for noncontrolling interests

Date: Wednesday, October 22, 2008
Time: 1:00-2:00 p.m. New York, 18:00-19:00 London, 19:00-20:00 Paris
Registration: To register for this event go to Consolidation accounting

FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51, significantly changes the accounting for noncontrolling interests in consolidated financial statements and is effective for fiscal years beginning on or after December 15, 2008. The October 22 webcast will help listeners prepare for these changes and will include a discussion of:

• Classification of noncontrolling interests in the consolidated statement of financial position
• Classification of noncontrolling interests in the consolidated income statement
• Attribution of income and loss to noncontrolling interests
• Accounting for changes in ownership interests in a subsidiary

Delivery method: Group internet-based
Program level: Intermediate
Prerequisites: Manager and above
Advanced prep: No advanced preparation required
Estimated CPE: 1.0 - Please note that the final CPE is based on the length of participation in the program, polling questions, etc. See our CPE FAQ for more information.
Learning objectives: At the end of this program, participants will be able to discuss the amendments and the expected wide-ranging effects on several structures, including many qualified SPEs which will now be consolidated. Participant also will gain knowledge on steps to help prepare for the significant changes to FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51.

Journey to IFRS: the SEC's Roadmap

The following webcast will include an in-depth discussion of the proposed SEC International Financial Reporting Standards (IFRS) Roadmap. Due to the timeliness of this topic, the event date is dependent upon the official document release.

Date and time: Dependent upon SEC document release
Registration:
Register now at http://webcast.ey.com/thoughtcenter/default.aspx?prog=%7B97d32d0a-f90d-407d-8676-2eedf74d8616%7D.
Upon release of the SEC document, we will email you the event date and time.

IFRS is fast becoming the dominant language of financial reporting worldwide and so Ernst & Young is committed to keeping itself and its clients at the forefront of the IFRS developmental curve. Join Ernst & Young leadership for an in-depth discussion of the SEC's IFRS Roadmap, including:

• Summary of the SEC release
  
• Review of the Roadmap milestones, including a current state of readiness analysis for meeting those milestones and a future outlook
  
• Discussion of the early adoption clause and the mandatory adoption targets of 2014, 2015 or 2016
  
• Dialogue on how to determine whether your company meets the strict eligibility criteria for early IFRS adoption and how to proceed if it does
• Examination of the SEC's call for comment, including the significant issues on which all companies should weigh in

Additional Ernst & Young Thought Center Webcasts on IFRS

Interested in learning more about what lies ahead on the road to IFRS? Ernst & Young is offering a series of Thought Center Webcasts on the topic of IFRS. Check the listing below for registration and replay information.

Past events in the series are available for replay:

• Broadcast on 6 June, Are you ready for IFRS? What US companies need to think about presented an overview of practical conversion issues and the implications of the SEC's actions to date. As well, it included a discussion with a professional whose company already converted to IFRS.
  
• Broadcast on 11 June, Why tax executives need to pay attention to IFRS now presented the tax implications of IFRS conversion and addressed the tax department's role in the conversion process and why it may be important to start assessing the potential tax impact now.
  
• Broadcast on 9 July, Conversion considerations for IFRS: implications for media and entertainment companies highlighted how a potential transition to IFRS is likely to affect media and entertainment companies.
  
• Broadcast on 17 July, Financial statements in an IFRS world — Are they really comparable? presented an overview of differences between financial statements pre- and post-IFRS, as well as expectations and opportunities for first-time adopters. The panel also discussed specific, practical issues and experiences faced by European adopters of IFRS.
  
• Broadcast on 26 August, The forward-thinking guide to IFRS revenue recognition offered practical information to help companies negotiate changes specific to revenue recognition more efficiently and effectively, and minimize risk along the way.
  
• Broadcast on 15 September,Is your company ready for IFRS? What US audit committee members need to know focused on the critical issues audit committee members should consider leading up to and during an IFRS conversion.
  
• Broadcast on 16 September, Conversion considerations for IFRS: implications for real estate companies highlighted how a potential transition to IFRS is likely to affect real estate companies.
  
• Broadcast on 18 September,Conversion considerations for IFRS: implications for US power and utility companies highlighted how a potential transition to IFRS is likely to affect US power and utility companies.
  
• Broadcast on 19 September, Goodwill and long-lived assets in an IFRS world: illuminating differences in recognition and impairment provided practical information on how to reduce risk and manage changes specific to recognition and impairment of goodwill, long-lived assets and intangibles.
  
• Broadcast on 29 September, Conversion considerations for IFRS: implications for automotive companies highlighted how a potential transition to IFRS is likely to affect automotive companies.

Future webcasts in this series will cover commonly encountered accounting differences between IFRS and US GAAP. Topics will include:

• Share-based payments, pensions and restructuring charges — Thursday, 23 October
• Financial instruments: hedging — Thursday, 6 November
• Financial instruments: debt and equity — Thursday, 13 November
• Consolidations — Tuesday, 9 December
• Income taxes — TBD

There also will be a series of industry-specific IFRS Thought Center Webcasts focusing on the implications for organizations. These events include:

• Technology — TBD
• Oil and Gas — TBD

Delivery method: Group internet-based Program level: Intermediate Prerequisites: Manager and above Advanced prep: No advanced preparation required
Estimated CPE: 1.0 - Please note that the final CPE is based on the length of participation in the program, polling questions, etc. See our CPE FAQ for more information.
Learning objectives: At the end of this program, participants will be able to summarize the SEC release and discuss the Roadmap milestones, including a current state of readiness analysis for meeting those milestones and a future outlook. Participants will be able to dialogue on how to determine whether their company meets the strict eligibility criteria for early IFRS adoption and how to proceed if it does.

How do I register for a Thought Center Webcast?

You and your client or target can register for any Thought Center Webcast using the following simple steps:

1. Go to the Thought Center Webcasts and Podcasts website www.ey.com/webcasts and click on "Upcoming Webcasts" on the right side of the page to select a program of interest.
2. Click on the "Register" button, enter your email address and complete the simple registration form.
3. Follow the instructions to test your system for the webcast technology.

How do I view a Thought Center Webcast?
You and your client or target can view and participate in any Thought Center Webcast using the following simple steps:

1. Go to the Thought Center Webcasts and Podcasts website at www.ey.com/webcasts.
2. Click on the "Watch Live Webcast" button (available 20-30 minutes before the webcast). If prompted, log in with the same email address you used to register for the webcast.
3. A separate window will open displaying a countdown clock and playing music. Please note, the window may be minimized in the taskbar at the bottom of your screen.

How do I download slides for a webcast?
Webcast slides are available for download one hour prior to the event. Go to www.ey.com/webcasts and click on "Download Slides" on the right side of the page.

How do I get technical help?
If you encounter problems while trying to view the live webcast, there are two easy help options both available by clicking on the Options button on the left side of the webcast screen:

Option 1: Internet via phone dial-up— allows you to listen and view slides via your computer with no video stream (our recommendation for EY viewers experiencing difficulty)

Option 2: Listen via telephone — allows you to listen via conference call and view slides over the web or download slides from the Thought Center Webcasts and Podcasts website. For the slides to change automatically, you may need to follow these instructions:

1. From Internet Explorer, choose Internet Options from the Tools menu.
2. Click on the Advanced tab.
3. Scroll down until you see Java (Sun) and a checkbox just below it that reads Use Java 2...
4. Uncheck this item and click OK. If you do not see this option, disregard these instructions.
5. Close ALL internet browser windows.
6. Return to the webcast site and launch the webcast.

If this does not work for you, please call 800EYHELP3 - Fast Path 1, 1.

How do I receive CPE credit?

For information about Thought Center Webcasts CPE credit, please visit the CPE FAQ .

 Just a heads up that the Schedule of Classes will be released online on Friday October 17th.

 - Accountancy Programs Office

PwC is sponsoring an information session about the 2008 xTax Competition.

Students who would like more information about the xTax Competition are encouraged to come by the office. The information session will be open from 10:00 - 3:00 PM on Tuesday October 07, 2008. Drop by during that time and find out if you have what it takes to be a winner in the xTax Competition!

There will not be a Colloquium held tomorrow, 09/12/08.

Due to the Hurricane Warning and advice from the City of Houston to allow non-essential personnel to be let off of work on Friday, PwC will not be able to attend the Colloquium on Friday.

We will make arrangements to have them back on campus as soon as possible.

ERNST & YOUNG TOPS BUSINESS WEEK’S ANNUAL LIST OF
“BEST PLACES TO LAUNCH A CAREER”

New York, New York, September 4, 2008— Accounting firms once again dominate BusinessWeek’s third annual ranking of the “Best Places to Launch a Career”: Ernst & Young jumps two spots to No. 1, followed by Deloitte and PricewaterhouseCoopers. The last of the Big Four, KPMG, moved up six spots to No. 5.

While the economy has taken its toll on middle management, many companies are continuing to hire entry-level employees—in some cases at a blistering pace. Even those that are hiring fewer employees for entry-level jobs are competing more intensely for the very best. While traditional perks such as pensions and health insurance still have their place, more companies are finding inventive ways to attract, retain, and motivate their youngest employees—using everything from work-from-home programs to faster promotions to financial benefits that kick in a few years down the road.

No one recognizes the importance of perks more than Ernst & Young, where average salaries haven’t increased substantially in at least three years. The Big Four firm still attracts more than 3,000 highly sought-after accounting students each year with extensive training and mentoring programs, performance bonuses, and the promise of face time with top executives—including an annual trip to Walt Disney World for all U.S.-based interns. It’s perks like that, along with a recruiting machine in overdrive and near-certain advancement to a supervisor-level position in just two years, that landed Ernst & Young atop BusinessWeek’s third annual Best Places to Launch a Career ranking this year, unseating rival Deloitte.

While accounting firms again dominate the top of the list, owing to decent salaries and intense demand, one of the most surprising things about this year’s ranking is just how well the investment banks fared. With five banks in the top 50, including Goldman Sachs at No. 4 and J.P. Morgan at No. 10, it was the industry’s best showing since the inaugural ranking in 2006, at least in part because the surveys were conducted before the full extent of the turmoil on Wall Street had become apparent. High pay and an otherwise excellent reputation on campuses propelled four of the five banks—including beleaguered Lehman Brothers—higher up the ranking.

The Best Places to Launch a Career ranking is based on three separate surveys: a BusinessWeek poll of career-services directors at U.S. colleges; a survey of 40,000 U.S. college students conducted by Universum USA, a Philadelphia research company; and a BusinessWeek poll of the employers themselves. With a greater number of qualified employers participating, BusinessWeek ranked 119 this year, up from 95 in 2007. The increased competition, along with shifts in sentiment among students and career-services directors, sent several newcomers, including No. 14 Target, No. 17 Boston Consulting Group, and No. 19 Anheuser-Busch, vaulting up the ranking, while several favorites from last year came off their pedestals. Microsoft slipped seven spots, to No. 13; Disney fell 20, to No. 27; and Accenture dropped 39, to No. 47.

BusinessWeek’s Best Places to Launch a Career ranking is in the September 15, 2008 issue, on newsstands September 5th. Expanded content is available on BusinessWeek.com, including the full methodology, profiles of each employer, an interactive table, slide shows, and a video roundtable with recruiters from top companies.

The Katy Prairie Conservancy (KPC), a non-profit land trust dedicated to preserving a

sustainable portion of the Katy Prairie for the benetit of its wildlife and all Texans, is seeking a

part-time Accounting Assistant. This position will work closely with KPC's contract accountant

and report to KPC's Executive Director.

Responsibilities and tasks include:

• Input and check processing of vendor billings (bi-weekly)

• Post Accounts Payable invoices and checks to General Ledger

• Post General Ledger journal entries

• Process membership and donation checks (weekly)

• Maintain paper files for payable and receivable items, contracts, and insurance policies

• Record bank deposits and related journal entries (bi-weekly)

• Maintain cash receipts log (monthly)

• Complete monthly bank reconciliation (4 accounts) and related journal entries

• Run monthly accounts payable reports

• Update contribution log (monthly)

• Assist in developing year-end audit schedules (annually)

• Special projects as required

Working knowledge of Windows, Excel, Accounting Software and intermediate accounting

college courses required. Experience with MIP Accounting Software preferred.

Flexible work schedule - between 12 and 15 hours per week depending upon class schedule.

The Katy Prairie Conservancy is centrally located at 3015 Richmond Avenue between Kirby

and Buffalo Speedway.

For more information on this position, please contact Mary Anne Piacentini,

Executive Director, at maryanne@katyprairie.org.

KPC maintains a non-smoking environment. KPC is an equal opportunity employer and does

not discriminate because of race, color, national origin, religion, sex, age, or disability.

ExxonMobil

Wednesday, Sept. 10 from 3:00 - 6:00 PM

275 Melcher Hall

The Fall Mini-Mixer Series continues this week with a visit from ExxonMobil. 

The mini-mixers are an informal meet and greet with firm representatives, open to all students in the PPA, MSACCY, and CAP programs.

No RSVP is necessary. Come as you are. 

Students may be contemplating making changes to their schedule. If so, please remember these important dates:

Last day to ADD a class: August 30^th (Online by 11:59 PM)

Last day to DROP a class for a refund: Sept. 8^th

These dates are set by the University and state of Texas and cannot be overridden.

Bottom line: If a student is planning to swap classes (drop this and add that) they should remember that a swap is actually TWO transactions, a DROP and an ADD, so it must be done during the ADD period (by August 30^th at 11:59 PM).

Students / Advisors will not be able to make a change to the schedule after that (other than a drop).