Ernst & Young CEO James Turley to speak with Dean Shafer on diversity and inclusiveness

Friday, February 8, 2013

CEO of Ernst & Young will visit Livingston Campus on Wednesday, February 13 for a question-and-answer session with Rutgers Business School Dean Glenn Shafer

James Turley, chairman and CEO of Ernst & Young, will engage in a Q&A with Rutgers Business School Dean Glenn Shafer on the subject of “Diversity, Inclusiveness and Women in Leadership Roles and why it is good for Business.” The event will be held on February 13 at 2 p.m. at the Livingston Student Center, Room 202.

Turley’s appearance is an example of a long-standing relationship between Rutgers Business School (RBS) and one of the world’s leading professional services company. Ernst & Young’s support enhances Rutgers Business School's Department of Accounting and Information Systems. It also fuels a first-of- its-kind audit analytics certificate program offered as part of the Master of Accountancy in Financial Accounting and the school's Financial Accounting and Business Awareness, a program for high school students with an interest in accounting.

Funding from Ernst & Young has helped pay for the development of a digital library and has provided accounting faculty and students with long-standing access to RIA, a data base of the most updated tax laws and accounting rules. The data base is widely used by the tax and accounting industries.

Professor Leonard Goodman, who teaches accounting and information systems, said the availability of the software teaches students an important methodology for resolving tax questions. “It’s very good for students to be able to say they know it,” Goodman said.  “It’s like saying they know how to use Excel or Word. It’s a tool.” 

Professor Jay Soled said faculty members like himself have also benefited from easy access to RIA. “It’s helped me produce a lot of my academic pieces and led to the good fortune of getting op-ed pieces published in the New York Times.”

For the past four years, giving by Ernst & Young employees who are Rutgers alumni has increased 20 percent each year, fueling matching gift funds provided by the company’s own foundation.

“Every dollar we receive is valuable,” said Professor Dan Palmon, chair of accounting and information systems at RBS. Palmon said the support runs deep, compensating doctoral students, bolstering key conferences, including the annual meeting of the National Association of Black Accountants.

The company also has helped to support the Center for Governmental Accounting Education and Research as well as accounting scholarships and professorships. Ernst & Young recently played a key role in helping to expand the school’s experiential learning program, which engages students in unique problem-solving projects with partnering companies.

Rutgers Future Scholars, a university-wide program that strives to make a college education more accessible to economically challenged students, also has found a faithful supporter in Ernst & Young.  

The six-year-old initiative targets students beginning in eighth grade from the university’s home communities – Camden, New Brunswick, Newark, New Brunswick, Piscataway – stewards them through high school and provides free tuition for those who qualify for admission to Rutgers.

Another influential program supported through funding from Ernst & Young, FABA-RBS Pre-College Program, gives high school juniors and seniors with an interest in accounting and finance an opportunity to take a course at Rutgers Business School.

Twenty students from Newark and surrounding school districts, including Morristown and Paterson, apply to participate in the program, which involves attending a class on Saturdays. Funding from Ernst & Young pays for the students’ books as well as an orientation session held for them and their parents.

“It’s very significant,” said Ray Williams, the program director. “It immerses students in the college environment. They get a chance to breathe the air and to interact with college students.”

“When you’re talking about students from some of these difficult urban areas,’’ Williams said, “all they really need is a change of environment to influence them in a positive way or to reinforce the positive leanings they may already have.”

TAGS: Accounting Auditing Dan Palmon Dean of the Business School Financial Accounting MBA Rutgers Accounting Research Center Taxation Undergraduate New Brunswick