According to the Association of Certified Fraud Examiners' (ACFE) most recent Report to the Nations, "Targeted fraud awareness training for employees and managers is a critical component of a well-rounded program for preventing and detecting fraud." The FAASTrack of the MPPA program provides this type of training.
Careers in Tax
The job of the modern tax professional is constantly changing. Taxes play an increasingly important role in business and politics. With the rapid globalization of business, tax decisions are becoming more complex and have a significant impact on a business. The TaxTrack of the MPPA program provides the background for a career in this challenging and exciting field.
Welcome to the first issue of MPPA, the newsletter from the Dicke College of Business Administration's Master of Professional Practice in Accounting at Ohio Northern University. We hope you find this information useful and enlightening. If you have any questions, please contact email@example.com.
New MPPA Director
In the fall 2013 semester, Dr. Anita Morgan became the new director of the MPPA program. Morgan holds a doctor of business administration in accounting from Nova Southeastern University, an MBA in entrepreneurship from Ball State University, and a BS in accounting from St. Mary of the Woods College. With almost 20 years of teaching experience, Morgan has taught campus-based and online accounting and other business courses at both the undergraduate and graduate levels. Additionally, she served as the program chair of accounting and finance for the online division of Colorado Technical University. Morgan is a licensed CPA and has experience in cost accounting, auditing, and health care administration. Her office is in room 207C of Dicke Hall. She also can be reached at 419-772-4210 or firstname.lastname@example.org.
Applications for the 2014-15 cohort of the MPPA program are being accepted. Applicants must complete the online application form and submit undergraduate transcripts, a GMAT exam score, and two letters of recommendation.
Applications received before March 15 may apply for a GMAT fee waiver. Selected applicants will be able to take the GMAT without paying the $250 fee. Apply now. Available seats and GMAT fee waivers are limited. Contact Anita Morgan at email@example.com or firstname.lastname@example.org for more information.
Future of Internal Auditing
A 2009 survey conducted by Deloitte asked its respondents to predict the role of internal auditors in the future. Respondents differed in their forecasts based on their role in the corporation. While audit committee and board members predicted that the future role of internal audit would be that of assurance provider, executives and internal auditors projected that the role would be more of consultant/management advisor.
A 2011 survey of chief audit executives in the U.S. suggests that the focus of internal auditing is becoming broader. The internal auditor of today is expected to do more than monitor the financial compliance of a company; (s)he is called upon to help drive greater value throughout the company. Early in the 2000s, the passing of increased financial reporting regulations (SOX) shifted the focus of internal auditing to compliance. In more recent years, however, the emphasis has shifted more toward risk management.
The Affordable Care Act of 2010, popularly called Obamacare, brings substantial changes to health care for employers, individuals, and health care providers. Even summarizing all of the provisions of this legislation that can come up in a tax preparation practice is too much to expect from a newsletter article. Here are a few examples of the variety of Affordable Care Act issues that may come up as clients seek advice from their accountants in tax season 2014.