Larry Kallio, Senior Lecturer and Director of the Masters of Accounting (MAcc) Program, has accepted a nomination to serve a three-year term with the Center for Audit Quality (CAQ) on its SEC Regulations Committee.
The CAQ is an autonomous, nonpartisan, and nonprofit public policy organization based in Washington, D.C. Its SEC Regulations Committee meets quarterly with the SEC Commissioners to discuss emerging technical accounting and reporting issues relating to SEC rules and regulations. To provide a broad perspective on issues, the committee has representatives from the accounting industry, the investor community, and one person from academia, which is where Larry comes in.
“The role of the academic person is not only to represent academia,” he said, “but you can ask questions perhaps no one else would ask. You are the one person in the room without an agenda.”
Larry was nominated for the position by committee chair John May, a senior partner with PwC and frequent guest speaker in Larry’s SEC class. As the current academic representative on the committee is stepping down, John asked Larry if he would be willing to serve on the committee and he readily accepted the opportunity.
“It’s going to be an interesting process to be a part of,” he said. “It’s an opportunity for me to represent the Carlson School, and I’m going to be in a room with the SEC Commissioners four times a year discussing current reporting and regulatory issues. This is a great opportunity to enhance my SEC class in the MAcc program.”