Bauer College Recognized for Exemplary Internal Audit Program
Published on March 14, 2013
Institute of Internal Auditors Designates Bauer as
Center for Internal Audit Excellence
The C. T. Bauer College of Business at the University of Houston has been recognized by the Global Institute of Internal Auditors for having an exemplary program in internal auditing. Designated as a “Center for Internal Audit Excellence,” the UH Bauer Internal Audit Program joins only two others in the nation and only five others in the world to have achieved this honor.
The Houston Chapter of the Institute of Internal Auditors hosted a dinner on March 7 at the Houston Racquet Club to celebrate this extraordinary accomplishment. The chapter, an organization integral to UH Bauer’s designation as a Center of Excellence, presented the college with a $100,000 check to create an endowment ensuring the program’s continued success.
Houston IIA President Larry Abston welcomed the crowd of IIA leaders, faculty and students as he recognized the years of work that made the evening possible. “What we are celebrating tonight did not happen overnight,” he said, “this program began many years ago by leaders with a vision of what it could become.”
Michael Newman, who serves as director of accounting programs at Bauer, highlighted several of those key players as he described the program’s history and path to becoming a Center of Excellence. While the IIA funded the college’s first internal audit course in the 1980s, the program really took off in 2003, as a result of the efforts of Professors Jim Pratt, Michael Parks, Thomas Noland and Jim Stinson.
Kaye Newberry, chair of the Department of Accountancy & Taxation, credited the Houston IIA for the program’s success. “We wouldn’t have made it without a strong local chapter,” she said.
She went on to highlight the critical role the endowment would play in attracting the best students to the program. “Our end product will be your resource, because we want to graduate students that you want to hire,” Newberry said.
The importance of the Bauer College/IIA Houston partnership was shared by Margie Bastolla. As the Vice President of the IIA Research Foundation, Bastolla commended the college on a job well done in achieving the Center of Excellence designation. She credited the mutually beneficial partnership between the IIA Houston Chapter and Bauer, with each being essential to the success of the other.
Faye Stallings, former president and current IIA board member, shared a message from Michael Peppers, Chairman of the IIA’s North American Board. “The profession of internal auditing must sustain itself by ensuring that highly-qualified students are ready and available to enter our organizations,” he wrote. “This new designation indicates that the University of Houston Bauer College is doing just that.”
These sentiments were echoed by Veronica Johnson, who played a key role in helping Bauer envision and become a center of excellence. She read a message from Harold Silverman, Chairman of the Global IIA Academic Relations Committee.
“In reviewing your application and the ongoing interactions with Dr. Newman and others within the college,” Silverman wrote, “It became clear to the committee that the Internal Audit program at the Bauer College of Business is deserving of the recognition as a Center of Excellence. You are truly one of the best institutions in the world for a high potential individual to begin their career in our great profession.”
To see more pictures of the March 7 event, click here.
By Sarayu Sundar