USC Leventhal Spr/Sum 2012

spring / summer 2012

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John Campbell, congressman for the State of California, was this year's speaker for the USC Leventhal Commencement Ceremony. The ceremony was held on Friday,May 11 in Alumni Park. LeveNthal USC ELAINE AND KENNETH LEVENTHAL SCHOOL OF ACCOUNTING Congressman John Campbell, USC Leventhal 2012 Commencement Speaker ews Elected to represent the 48th Congressional District of Califor- nia, John Campbell is currently serving his fourth term in the United States House of Representatives. As both a Certified Public Accountant and small business owner, John continues to reinforce the need for fiscal re- straint and responsible budgetary measures. The primary author of the Earmark Reform Pledge and an ardent proponent of eliminating "pork barrel" spending, he helped bring about the earmark ban enacted in 2011. Certified Public Accountant and small business owner, John continues to reinforce the need for fiscal restraint and responsible " As both a budgetarymeasures. " By Julie Riggott The USC Leventhal School of Accounting is undertaking major curriculum revisions of its academic programs to address new educa- tional requirements for CPA licensure, as well as increased complexities and societal expec- tations currently affecting the accounting profession. The Leventhal Curriculum Revision Committee is currently gathering information, and the changes affecting the bachelor's,Master of Accounting (MAcc) andMaster of Business Taxation (MBT) degrees are planned to be im- plemented in 2013. The curriculum revision process will take two years, with approvals at the Leventhal,Marshall School of Business, and university levels beginning next fall. RobertTrezevant,CurriculumRevision Committee SPRING / SUMMER 2012 "We want to make sure our curriculum re- mains state-of-the-art, that it is as current, complete and responsive to the needs of the practice as it can possibly be," saidWilliam W. Holder, who made curriculum revision one of his goals when appointed the new dean of the Leventhal School last July. One of the reasons that curriculum revision is a priority is because of new state legislation requirements for being licensed as a Certified Public Accountant in California, effective Jan. 1, 2014.Major changes include a new require- ment for 10 units of ethics study, including a full semester accounting ethics class. Professor KennethMerchant has already begun devel- oping this course. Robert Trezevant, chair of the Curriculum Revision Committee, explained another two- fold reason that Leventhal has undertaken this project. "Accounting is changing a lot, businesses are getting more complex and transactions are getting more complex." Also, society is asking a lot more from accountants see CurriculumRevisions pg 7 As a member of the House Committee on Financial Services, he has taken an active part in addressing the country's top economic issues, including mortgage lending, corporate governance, banking reform, and insurance regulation. Through the recent economic crisis, he was influential in the responses to the crisis that averted a collapse in our mar- kets and economy. Currently, he serves on the CapitalMarkets and InternationalMonetary Policy subcommittees. John holds a Bachelor of Arts Degree in Economics from the University of California at Los Angeles and aMasters of see Congressman John Campbell pg 7 Curriculum Revisions Planned

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