The accounting department has again broken the national record for the number of graduates it sends on to postgraduate technical assistantships with the standards-setting Financial Accounting Standards Board, or FASB.
May 2007 BBA accounting and MS finance graduateÂ Rebecca ChesneyÂ will become the 18th student from Mays to join FASB’s year-long technical assistant program. She is one of five nationwide graduates to report to FASB this July, and she’ll join the SEC-backed organization’s efforts to set and improve standards for financial accounting and reporting. Postgraduate technical assistants serve the FASB for one year and then continue their careers with major public accounting firms.
No other business program comes close to the number of technical assistants Texas A&M has sent on to FASB’s competitive program. Only the University of Wisconsin-Madison can count its FASB placements in the double digits, with 11 as of summer 2007.
Since 1973, issuers, auditors and users of financial information have depended on the FASB for procedural guidance and education. Administrators there hand-pick technical assistants such as Chesney, who spent last spring in an auditing internship at PricewaterhouseCoopers’ New York offices and a summer retail accounting internship with ConocoPhillips.
“The assignment provides an incredible learning experience for the participants,” saidÂ James Benjamin, head of the Department of Accounting. “It’s a major jump start to their careers in the accounting profession.”
The FASB internships are not the only area in which accounting graduates have excelled. In 2006, three Mays graduates ranked among the top 10-highest scoring individuals taking the CPA exam in Texas. They areÂ Carrie Carson ’05,Â Christopher Simpson ’05Â andÂ Mahtaj Wallin ’03.