Former SEC chief accountant to speak at Penn State Behrend

A former chief accountant of the U.S. Securities and Exchange Commission will discuss the new revenue recognition accounting standard at 4 p.m. Monday, April 13, in room 180 of the Jack Burke Research and Economic Development Center, 5101 Jordan Road, Penn State Erie, The Behrend College.

Jackson Day is now a partner and America's professional practice director for accounting standards and industry for Ernst & Young LLP. During the free presentation, Day will discuss the revised revenue recognition accounting standard issued in May 2014 by the Financial Accounting Standards Board. The objective of the new standard is to establish the principles to report useful information to users of financial statements about the nature, timing and uncertainty of revenue from contracts with customers.

In his role with the SEC, Day was the principal adviser on accounting, auditing and independence. His responsibilities encompassed rulemaking, interpretation and enforcement. He helped lead the implementation of elements of the Sarbanes Oxley Act, including new rules on independence, auditor oversight, corporate governance and disclosure.

Day has extensive consulting experience in accounting and auditing matters, including financial instruments, revenue recognition, fraud and corruption.

The presentation is free and open to the public. Free parking will be available in the deck behind Burke Center, off Technology Drive.

For more information, contact Ashutosh Deshmukh, professor of accounting and MIS, at avd1@psu.edu.

Media Contacts: 
Last Updated April 08, 2015