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October 20, 2012

DWU dean of graduate program speaks to CPA institute

MITCHELL — Dr. Ed Plastow, dean of graduate studies at Dakota Wesleyan University, recently spoke to more than 300 CPAs during the Florida Institute of CPA’s Annual Accounting Show in Fort Lauderdale, Fla.

Speaking on the accounting subject of “Going Concerns – Past and Present,” Plastow presented the results from research with a co-author about auditor reports for major U.S. banks and financial institutions that failed in fall 2008.

“These included banks that were either bailed out by the Federal government, acquired by other institutions, or went bankrupt during that same period,” Plastow said.

During the two hour workshop presentation, Plastow traced the changes in reliance on CPAs for accurate information on whether companies would survive.

“Part of the presentation included looking at cases from professional sports teams who spewed red ink in regular operations, only to be sold for multi-million dollar gains,” he said. 

Plastow, a 1973 DWU grad, returned to the university this fall to build additional graduate programs for the university. He is also currently serving as the interim chairman of the department of business.

 

 
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