Bill Thomas

Chair, Ben H. Williams Distinguished Speaker Series - Accounting & Business Law
Professor of Accounting and holder of The J.E. Bush Professorship in Accounting - Accounting & Business Law

Contact Information

Email:	Bill_Thomas@baylor.edu
Homepage:	http://business.baylor.edu/Bill_thomas/home.htm
Campus Phone:	(254) 710-4924
Fax:	(254) 710-1067
Mailing Address:	One Bear Place #98002 Waco, TX  76798-8002
Office Location:	Accounting Suite 120, Room 127

Educational Background

• Ph D - Business Administration, The University of Texas at Austin, 1978
• MBA - Business Administration, BAYLOR UNIVERSITY, 1971
• BBA - Accounting, BAYLOR UNIVERSITY, 1969

Responsibilities

Organize and plan semi-annual guest speakers of high integrity and accomplishment for students, faculty, and professional community.

Work Experience

• KPMG/Thomas L. Holton Chair of Accountancy, Hankamer School of Business, Baylor University (June 2006 - Present)
• Technical Editor, Today's CPA, Texas Society of Certified Public Accountants (April 2002 - Present)
• Accounting and Auditing Editor, Texas Society of Certified Public Accountants (March 1996 - Present)
• J.E. Bush Professorship in Accounting, Hankamer School of Business, Baylor University (June 1995 - Present)

Consulting

• Academic, KPMG, National Training Faculty (July 7, 2008 - Present)
• Management, Brazos Higher Education Group, Waco, Texas (September 2006 - Present)
• Litigation, Southwesten Public Service Company, Amarillo, Texas (February 1, 2003 - March 31, 2003)
• Mediation, Harelik and Fields, CPAs, Waco, Texas (August 1, 2001 - August 20, 2001)
• Litigation, Fullbright and Jaworski, Houston, TX (April 1994 - September 1994)

Awards and Honors

• Outstanding Professor, EMBA Program, Austin (May 2007)
• Master Teacher, Baylor University (May 2004)
• Distinguished Professor, Hankamer School of Business (May 2003)
• Outstanding Professor, EMBA Program, Dallas (May 2002)
• Outstanding Professor, Executive MBA Program, Dallas (May 2001)
• Outstanding Faculty Member, Baylor University (May 1984)

Publications

Discipline-based Scholarship

"The Internal Auditor's Role in the Detection and Prevention of Fraud: A Post-SAS No. 82 Analysis," Internal Auditing, Vol. 17, No. 4, (July 2002), pp. 13-Mar (coauthors: C. Clements).

"Quality Review, Continuing Professional Education, Experience and Substandard Performance: An Empirical Study," Accounting Horizons, Vol. 12, No. 4, (December 1998), pp. 340-362 (coauthors: Charles E. Davis, Samuel L. Seaman).

Contributions to Practice

"Improved Judgment in Financial Accounting: A Principled Approach," CPA Journal, (January 2009) (coauthors: Marty Stuebs).

"Test Driving the Codification: Accounting Research on the Fast Track," Journal of Accountancy, Vol. 206, No. 6, (December 2008), pp. 62-66 (coauthors: Carie Ford).

"FASB Codification Puts Research on the Fast Track," Today's CPA, Vol. 36, No. 3, (November 2008), pp. 36-42 (coauthors: Carie Ford).

"Human Capital: Critical to the Future of Auditing," Today's CPA, Vol. 36, No. 2, (September 2008), pp. 7.

"Auditing Advisory Committee," Today's CPA, Vol. 36, No. 1, (July 2008), pp. 7.

"FASB Codification: Changing the Face of Accounting Standards," Today's CPA, Vol. 35, No. 6, (May 2008), pp. 7.

"SAS 114: Communication with Those Charged with Governance," Today's CPA, Vol. 35, No. 5, (March 2008), pp. 7.

"IFRS: Are You Ready?," Today's CPA, Vol. 35, No. 4, (January 2008), pp. 7.

"Yellow Book Changes Keep GAO Audits Current," Today's CPA, Vol. 35, No. 3, (November 2007), pp. 7.

"SASs 108-111: Putting the Risk Assessment Rubber to the Road," Today's CPA, Vol. 35, No. 3, (November 2007).

"User-Friendly Financials: An Illusory Goal?," Today's CPA, Vol. 35, No. 2, (October 2007), pp. 7.

"The Risk Assessment Auditing Standards: Refining Auditing from the Ground Up," Today's CPA, Vol. 35, No. 2, (September 2007).

"ASB Aims for Harmony and Clarity," Today's CPA, Vol. 35, No. 1, (August 2007), pp. 7.

"Is Over-Regulation Hurting the U.S. Economy?," Today's CPA, Vol. 34, No. 6, (June 2007), pp. 7.

"Proposed PCAOB Audit Standard Aims to make Internal Control Audit More Efficient," Today's CPA, Vol. 34, No. 5, (April 2007), pp. 7.

"Adding Value through the Tax Code," Today's CPA, Vol. 34, No. 4, (January 2007), pp. 24-28 (coauthors: William R. Reichenstein).

"Fair Value Gets Fairer," Today's CPA, Vol. 34, No. 4, (January 2007), pp. 7.

"SAS 103 Tightens Audit Documentation Requirements," Today's CPA, Vol. 34, No. 3, (January 2007), pp. 7.

"Investment Planning 101: Doing the Right Things and Doing Them Right," Today's CPA, Vol. 34, No. 3, (November 2006), pp. 24-28 (coauthors: William R. Reichenstein).

"Lease Accounting: Ripe for Change," Today's CPA, Vol. 34, No. 2, (September 2006), pp. 7.

"Internal Controls for Small Public Companies," Today's CPA, Vol. 34, No. 1, (July 2006), pp. 7.

"AICPA Proposes to Strength Reporting Over Internal Controls," Today's CPA, Vol. 33, No. 6, (May 2006), pp. 7.

"The Changing Face of Accounting Changes," Today's CPA, Vol. 33, No. 5, (March 2006), pp. 7.

"Independence Takes On New Prominence," Today's CPA, Vol. 33, No. 4, (January 2006), pp. 7.

"Portfolio Strategies: The Real-World Lessons from Investment Theory," The AAII Journal, Vol. 28, No. 1, (January 2006), pp. 11-May (coauthors: William Reichenstein).

"Getting Specific About Audit Risk," Today's CPA, Vol. 33, No. 3, (November 2005), pp. 7.

"Ethics in Accounting Classrooms: The Grand Experiment," Today's CPA, Vol. 33, No. 2, (September 2005), pp. 7.

"Audit Documentation," Today's CPA, Vol. 33, No. 1, (July 2005), pp. 7.

"Sarbanes-Oxley: The Cascade Effect and Beyond," Today's CPA, Vol. 32, No. 5, (June 2005), pp. 34-39.

"Short-Term International Convergence," Today's CPA, Vol. 32, No. 5, (May 2005), pp. 7.

"FASB's March Toward Fair Value," Today's CPA, Vol. 32, No. 4, (March 2005), pp. 7.

"Bridging the Expectations Gap," Today's CPA, Vol. 32, No. 3, (January 2005), pp. 7.

"Signals from Sarbanes-Oxley for Best Practices in Smaller Borrowers," Commercial Lending Review, Vol. 20, No. 1, (January 2005), pp. 19-26.

"The Cost of Sarbanes-Oxley 404," Today's CPA, Vol. 32, No. 2, (November 2004), pp. 7.

"Can Ethics Be Taught?," Today's CPA, Vol. 32, No. 1, (September 2004), pp. 7.

"Is There a Gap in GAAP?," Today's CPA, Vol. 31, No. 7, (July 2004), pp. 7.

"The Audit Expectation Gap of the 21st Century," Today's CPA, Vol. 31, No. 7, (July 2004), pp. 32-35 (coauthors: Juan Alejandro, M K Pittman).

"Challenges and Changes for FASB--and More to Come," Today's CPA, Vol. 31, No. 6, (May 2004), pp. 7.

"PCAOB Proposed Standard: Audits of Internal Control," Today's CPA, Vol. 31, No. 4, (January 2004), pp. 7.

"The Trials and Tribulations of Sarbanes-Oxley 404," Today's CPA, Vol. 31, No. 3, (November 2003), pp. 7.

"Ethics Committee Proposed Enhancements to Enforcement Process," Today's CPA, Vol. 31, No. 2, (September 2003), pp. 5.

"Effective Audit Committees," Today's CPA, Vol. 31, No. 1, (July 2003), pp. 5.

"Audit of the Future: New Evidence Standards Emphasize Audit Risk Assessment," Today's CPA, Vol. 30, No. 6, (May 2003), pp. 7.

"Getting it Right: A Spring Interview with Charles Niemeier," Today's CPA, Vol. 30, No. 6, (May 2003), pp. 7.

"Can Integrity Be Legislated?," Baylor Business Review, (April 2003), pp. 21.

"The New Fraud Standard: New Dimensions in Professional Skepticism," Today's CPA, Vol. 30, No. 5, (March 2003), pp. 32-37 (coauthors: Mattie C. Porter).

"The Pro's and Con's of Principles-Based Accounting," Today's CPA, Vol. 30, No. 5, (March 2003), pp. 5.

"Enron and Beyond: What's the World Coming To?," CPA Journal, Vol. 73, No. 1, (January 2003), pp. 8.

"Taking Stock: Speeding the Process Towards Global Harmony," Today's CPA, Vol. 30, No. 4, (January 2003), pp. 7.

"Proposed FIN for SPEs: Better Guidance for a Troubled Area," Today's CPA, Vol. 30, No. 3, (November 2002), pp. 7.

"Related Party Transactions: Full Disclosure is the Key," Today's CPA, Vol. 30, No. 2, (September 2002), pp. 7.

"Harvey Pitt: Man of the Year?," Today's CPA, Vol. 30, No. 1, (July 2002), pp. 7.

"Proposed SAS on Fraud: Getting it Right?," Today's CPA, Vol. 29, No. 3, (May 2002), pp. 6.

"The Rise and Fall of the Enron Empire," Journal of Accountancy, Vol. 193, No. 4, (April 2002), pp. 41-48.

"Terrorism Not Extraordinary? Extraordinary!," Today's CPA, Vol. 28, No. 4, (March 2002), pp. 7.

"The New Language for Accounting," Today's CPA, Vol. 28, No. 3, (January 2002), pp. 7.

"Audit Committee Members: Are You Financially Literate?," Today's CPA, Vol. 27, No. 9, (November 2001), pp. 6.

"Coordination between Internal and Independent Auditors: Keys for Success in Fraud Detection for the College or University," Business Officer, Vol. 35, No. 4, (October 2001), pp. 30-34 (coauthors: Juan Alejandro).

"The New CPA Exam: Not the Same Old Enchilada," Today's CPA, Vol. 27, No. 8, (September 2001), pp. 6.

"Coordination between Internal and Independent Auditors: Keys for Success in Fraud Detection for the Not-for-Profit Entity," CPA Journal, Vol. LXXI, No. 8, (August 2001), pp. 62-63 (coauthors: Juan Alejandro).

"Can the Tail Wag the Dog? Revenue Recognition's Effects on Mergers and Acquisitions," Today's CPA, Vol. 27, No. 7, (July 2001), pp. 6.

"Goodbye to Amortization," Today's CPA, Vol. 27, No. 6, (May 2001), pp. 6.

"SSARS 8 Makes Big Changes in Compilations," Today's CPA, Vol. 27, No. 5, (March 2001), pp. 6.

"Poolings and Re-Pricings: Double-Whammy for Techs?," Today's CPA, Vol. 27, No. 4, (January 2001), pp. 6.

"Panel Report: Big Changes in Store for Accounting?," Today's CPA, Vol. 27, No. 3, (November 2000), pp. 8.

"Everybody Out of the Pool!," Today's CPA, Vol. 27, No. 2, (September 2000), pp. 6.

"Where Have All the Graduates Gone?," Today's CPA, Vol. 27, No. 1, (July 2000), pp. 6.

"Independence: Perception is the Problem," Today's CPA, Vol. 26, No. 6, (May 2000), pp. 10.

"The New Millennium Accountant: A Different Breed?," Today's CPA, Vol. 26, No. 5, (March 2000), pp. 10.

"SAS 81: Auditing Investments," Today's CPA, Vol. 26, No. 4, (January 2000), pp. 8.

"Materiality: A New Attack on an Old Problem," Today's CPA, Vol. 26, No. 3, (November 1999), pp. 8.

"The Audit of the Future: Challenges and Opportunities," Today's CPA, Vol. 26, No. 2, (November 1999), pp. 28-31.

"Derivatives: What's In a Name?," Today's CPA, Vol. 26, No. 1, (July 1999), pp. 10.

"Co-Sourcing: What's in It for Me?," Journal of Accountancy, Vol. 187, No. 5, (May 1999), pp. 85-88 (coauthors: John T. Parish).

"Independence: "Dancin' with the One That Brung Us," Today's CPA, Vol. 25, No. 6, (May 1999), pp. 10.

"Before You Touch that Bottom Line, Beware…," Today's CPA, Vol. 25, No. 5, (March 1999), pp. 8.

"SAS 80: Electronic Tickin' and Tyin'," Today's CPA, Vol. 25, No. 4, (January 1999), pp. 10.

"What's So Special About International Fraud?," Today's CPA, Vol. 25, No. 3, (November 1998), pp. 10.

"Predecessor Auditor Communications: Getting it Straight," Today's CPA, Vol. 25, No. 2, (September 1998), pp. 8.

"Clarifying our Relationships," Today's CPA, Vol. 25, No. 1, (July 1998), pp. 8.

"International Harmonization: Will the FASB Disappear?," Today's CPA, Vol. 24, No. 5, (March 1998), pp. 8.

"Getting Comprehensive about Income," Today's CPA, Vol. 24, No. 4, (January 1998), pp. 40.

"Fair Value: Friend or Foe in the Credit Crisis?," Today's CPA, Vol. 36, No. 5, pp. 7.

"IDEA to replace EDGAR," Today's CPA, Vol. 36, No. 4, pp. 7.

"SSARS: Big Changes in the Wind," Today's CPA, Vol. 37, No. 1, pp. 7.

Learning and Pedagogical Research

"Implementing a Required Ethics Class for Students in Accounting: The Texas Experience," Issues in Accounting Education, Vol. 23, No. No. 1, (February 2008), pp. 31-51 (coauthors: R. K. Hurtt).

"An Inventory of Support Materials for Teaching Ethics in the Post-Enron Era," Issues in Accounting Education, Vol. 19, No. 1, (February 2004).

"Tearing Down the Stovepipes: One Program's Experience in Designing an Integrated Accounting Core Curriculum," Advances in Accounting Education, Vol. 3, (2000), pp. 125-150 (coauthors: Jane Baldwin, Delton Chesser, Charles E. Davis, D Hollingsworth, Michael A. Robinson).

Financial Accounting, Upper Saddle River, NJ: Pearson Prentice-Hall (coauthors: Horngren Charles, Tom Harrison).

Presentations and Proceedings

"Principles-based Accounting: The Case for Principled Judgment," presented at the 2008 AAA Ethics Symposium, Anaheim, California, August 2008 (coauthors: Marty Stuebs).

Discipline-based Scholarship

"The Internal Auditor's Role in the Detection and Prevention of Fraud: A Post-SAS No. 82 Analysis," presented at the American Accounting Association Mid-Year Meeting, Orlando, FL, January 2002 (coauthors: C. Clements).

Contributions to Practice

"Enron and Arthur Andersen: Leadership Lessons for Financial Leaders," presented at the Telergee CFO and Controllers' Conference for Telecom and Energe, Chatham, MA, October 2002.

Learning and Pedagogical Research

"Implementing a Required Ethics Class for Students in Accounting: The Texas Experience," presented at the AAA Annual Ethics Symposium, San Francisco, CA, August 2005 (coauthors: Kathy Hurtt).

"Required Ethics Education for Accounting Majors: The Texas Experience," presented at the Accounting Programs Leaders Group, Tempe, AZ, February 2005 (coauthors: Kathy Hurtt).

"Tearing Down the Stovepipes: One Program's Experience in Designing an Integrated Accounting Core Curriculum," presented at the annual meeting of the American Accounting Association, San Diego, CA, August 1999 (coauthors: J. N. Baldwin, D. L. Chesser, C. E. Davis, and D. P. Hollingsworth, and M. A. Robinson).