Washington, D.C., July 2, 2009 — The Securities and Exchange Commission's Office of the Chief Accountant today announced the selection of Jack Krogstad and Nancy Mangold as Academic Accounting Fellows for one-year terms 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. In addition, Academic Accounting Fellows have been assigned to ongoing projects in the Chief Accountant's office 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.
"The perspective of fellows from academia is a great benefit to our Office of the Chief Accountant, but more importantly their work benefits U.S. investors," said James Kroeker, the SEC's Acting Chief Accountant.
Mr. Krogstad holds the Union Pacific Endowed Chair in Accountancy at Creighton University in Omaha, Neb. He received his B.S. in Accounting from Union College in Lincoln, Neb., and his MBA and Ph.D. from the University of Nebraska at Lincoln. He also has held academic positions at the University of Texas at Austin, Kansas State University, the University of Michigan at Ann Arbor, and the University of Illinois at Urbana-Champaign.
Mr. Krogstad has published extensively in the field of auditing and has been professionally active throughout his academic career. He was the Director of Research for the National Commission on Fraudulent Financial Reporting and served as Chairperson of the Auditing Section of the American Accounting Association as well as Editor of the Section's journal, Auditing: A Journal of Practice & Theory. He has frequently consulted as an expert witness in litigation involving accounting and auditing issues and served as a consultant to the American Institute of CPAs in its development of the computerized CPA examination. Mr. Krogstad presently is on the Board of Trustees of Union College and is the Chairperson of the World Auditing Board of the Seventh-Day Adventist Church. He teaches undergraduate and graduate auditing and strategic management courses at Creighton University.
Ms. Mangold is a Professor of Accounting at the California State University, East Bay. She earned her Ph.D. and MBA from the University of California, Berkeley and her B.A. from the National Taiwan University. She is a Certified Treasury Professional (CTP). Ms. Mangold teaches both undergraduate and graduate financial accounting. She has taught executive MBA students in Austria, China, Singapore, and the U.S., and has trained high-ranking executives and government officials in China. Her research focuses on the effect of cross-border mergers and acquisitions in China on shareholder wealth; listing premiums for Chinese company IPOs in the U.S., Hong Kong, and on China's domestic exchanges; and earnings management issues related to Chinese company IPOs.
Ms. Mangold received two Best Paper Awards for her papers on Chinese mergers and acquisitions in 2008 and 2009. Her recent work has been published in the International Journal of Global Business and Economics and the Journal of International Business and Economics. Ms. Mangold was appointed by the World Bank as a consultant to the People's Bank of China (equivalent to Federal Reserve Bank) for a project on China's Deposit Insurance System and to China's Ministry of Finance for a project on accounting for derivatives.
Mr. Krogstad and Ms. Mangold will replace the current Academic Accounting Fellows. Donal Byard will return to Baruch College with the City University of New York, Susan Krische will return to the University of Illinois at Urbana-Champaign, and Roger Martin will return to the University of Virginia.
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