Robert W. Rouse

Professor, Department of Accounting and Legal Studies, College of Charleston

121 JC Long Building

Department of Accounting & Legal Studies

School of Business & Economics

College of Charleston

9 Liberty Street

Charleston, SC 29424-0001

803-953-6347

Degrees:

Bachelor of Arts, 1966

Furman University

Master of Business Administration, 1968

Emory University

Ph.D., 1974

College of Business

University of South Carolina

Teaching experience:

Presbyterian College 1

College of Charleston (1975-77) 2

University of South Carolina 3

Winthrop College 1

Clemson University 9

University of North Carolina 1

Auburn University 4

College of Charleston (1992- 6

Professional accounting experience: Served as the Academic Fellow in the Office of the Chief Accountant (OCA) in the Securities and Exchange Commission (1991-92). During the year at the SEC, there were a number of activities in which I was involved, including:

One visit to the Auditing Standards Board in which I represented the SEC; three days reviewing the work of the Public Oversight Board in New York City; attended six accounting and auditing updates sponsored by the SEC; participated in quarterly meetings of the OCA Staff and the AcSEC Committee of the AICPA and in quarterly meetings of the OCA Staff and representatives of the FASB; prepared treatise on the topic of ?Materiality@ for the Commissioners of the Securities and Exchange Commission. Document has been referenced in many of the Commission’s proceedings.

Serve as Discussion Leader for Executive Enterprise Group (1992-) continuing education courses. Have presented courses in 30 states.

Honors, certifications, and licenses:

CPA License--NC--1981

CMA Certificate--1979

Beta Alpha Psi (Accounting)

Omicron Delta Epsilon (Economics)

Beta Gamma Sigma (Business)

Selected as one of four faculty members from Clemson University to be initiated as a charter member of a new chapter of Omicron Delta Kappa

Selected as the Master Alumni Teacher of Clemson University-1986. This award can be received only once, and the recipient is selected by the Student Alumni Council.

Selected as one of twenty outstanding discussion leaders by the Continuing Education Division of the American Institute of Certified Public Accountants. 1987-88.

Publications:

“Revenue Recognition and the Bausch and Lomb Case” The CPA Journal September 1998 PP 54-56

“SEC/Implementing Market Risk Disclosures and Other Issues” column The Journal of Corporate Accounting and Finance column Autumn 1998 pp. 157-161

“SEC/New Appointments, End of a Saga, SAB 98 and More” column The Journal of Corporate Accounting and Finance Summer 1998 pp. 127-131

“Update: Harmonization International Accounting Standard” The Journal of Corporate Accounting and Finance Summer 1998 pp. 101-107

“Auditor Independence and the New Independence Standards Board” with Gary Previts The Journal of Corporate Accounting and Finance Spring 1998 pp. 87-97

“SEC/Changing of the Guard Continues” The Journal of Corporate Accounting and Finance Spring 1998 pp. 131-135

“SEC Conference Grapples with Auditor Independence and Other Issues” The Journal of Corporate Accounting and Finance with Thomas Weirich Spring 1998

“SEC/The Return of Walter Schuetze” column The Journal of Corporate Accounting and Finance Winter 1997 pp. 151-155

“More Lessons in Revenue Recognition—Review of Recent SEC Enforcement Actions” Journal of Corporate Accounting and Finance” with Linda Plunkett Rebecca Herring Winter 1997 pp. 101-109

“MD&A: How to Use Safe Harbor to Report ‘Soft’ Information”, The Journal of Corporate Accounting and Finance” with Quinton Seamons, Autumn 1997, pp. 81-91

“SEC/Looking to the Private Sector” column The Journal of Corporate Accounting and Finance Autumn 1997 pp. 113-117

“Requirements and Pitfalls of MD&A Disclosure” Insight The Corporate & Securities law Advisor with Quinton Seamons August 1997 pp. 9-15

“SEC/Derivatives, MD&A, Attestation” column The Journal of Corporate Accounting and Finance Summer 1997 pp. 111-115

“SEC Conference Attracts Overflow Crowds; Disclosure Rules Finalized, column, The Journal of Corporate Accounting & Finance Spring 1997 pp. 131-133

"The SEC's Longest Running Battle," The CPA Journal, August 1997 with Quinton Seamons pp. 64-66

"Minimizing Exposure to Insider Trading Liabilities," The Journal of Corporate Accounting & Finance, Spring 1997 with Quinton Seasons pp. 75-85

“SEC Conference Tackles Standards, ‘Dangerous Ideas’, and More” The Journal of Corporate Accounting & Finance, Spring 1997 with Thomas Weirich, Spring 1997 pp. 85-95

"The Limited Liability Companies: Time for a Closer Look" Coastal Business Review" Fall 1997-1998 with Linda Bradley, Robert Pearce, and Linda Plunkett pp. 31-37

"Current Environmental Disclosures in the Oil and Gas Industry," Oil and Gas Tax Quarterly, Volume 45, No. 4, (June 1997) with Thomas Weirich.

"The Ins and Outs of Outsourcing Internal Audits," Today's CPA November/December 1996 with Karen Hooks and Linda Plunkett

"SEC Makes Life Easier for Registrants," column, The Journal of Corporate Accounting & Finance, Volume 8 Number 2 (Winter 1997)

"Update: The Move Toward International Accounting Standards," The Journal of Corporate Accounting & Finance, Volume 8 Number 2 (Winter 1997)

"Outsourcing the Internal Audit Function," The Journal of Corporate Accounting and Finance, Volume 8 Number 1, with Linda Plunkett

"MD&A: When and How To Report Trends," The Journal of Corporate Accounting & Finance, Volume 8, Number 1 (Autumn 1996) with Teresa Iannaconi

"Report from the 15th Annual SEC/FRI Conference," The Journal of Corporate Accounting & Finance, column, Volume 8, Number1 (Autumn 1996)

"What Can CFOs Learn from the SEC's MD&A Crackdown?” The Journal of Corporate Accounting & Finance, Volume 7, Number 4 (Summer 1996) with Linda Plunkett

"Reporting Changes Continue," column, The Journal of Corporate Accounting & Finance, Volume 7, Number 4, (Summer 1996)

SEC's Proposal on Derivatives," The Journal of Corporate Accounting & Finance, Volume 7, Number 3 (Spring 1996) with Thomas Weirich

"The 1996 SEC Current Developments Conference," The Journal of Corporate Accounting & Finance, Volume 7 Number 3, (Spring 1996) with Thomas Weirich

"SEC Debates: Streamlining Financial Statements," The Journal of Corporate Accounting & Finance, with Roger Daniels and Thomas Weirich, Volume 7, Number 2, (Winter 1995/96)

"Safe Harbor: Where Do We Go from Here?," The Journal of Corporate Accounting & Finance, Volume 7, Number 2 (Winter 1995/96) with Roger Daniels and Thomas Weirich.

"SEC/The Audit Engagement--Project or Process," column, The Journal of Corporate Accounting & Finance, Volume 7, Number 2, (Winter 1995/96)

"How to Avoid SEC Problems with Revenue Recognition," The Journal of Corporate Accounting & Finance, Volume 7, Number 1, (Autumn 1995) with Roger Daniels and Thomas Weirich.

"SEC/New Developments Amidst a Changing of the Guards," The Journal of Corporate Accounting & Finance, column, Volume 7, Number 1, Autumn 1995

"SEC/Financial Reporting of Prospective Information Continues to Evolve, The Journal of Corporate Accounting and Finance, column, Volume 6, Number 4 (Summer 1995)

"Corporate Restructuring: Financial Reporting of Employee Terminations under EITF 94-3," The Journal of Corporate Accounting & Finance, with Roger Daniels, Volume 6, Number 3 (Spring 1995)

"Report from the National Conference on Current SEC Developments," The Journal of Corporate Accounting & Finance, with Tom Weirich, Volume 6, Number 3 (Spring 1995)

"Farewell, Walter Schuetze," The Journal of Corporate Accounting & Finance, column, Volume 6, Number 3 (Spring 1995)

"Quarterly Financial Information,"The Journal of Corporate Accounting & Finance, column, Volume 6, Number 2 (Winter 1994/95.

"Financial Derivatives: Current Concerns and Proposed Regulations," The Journal of Bank Cost and Management Accounting, Volume 7, Number 3 (with Tom Weirich and Roger Daniels pp. 5-24

"New Guidance in Accounting for Corporate Restructuring", The CPA Journal, June 1995, with Tom Weirich and Roger Daniels,

"Safe Harbor for Prospective Information", with Tom Weirich and Roger Daniels in the forthcoming The Journal of Corporate Accounting & Finance, Volume 6, Number 4 (Summer 1995)

"Current Developments at the SEC", column, in the forthcoming The Journal of Corporate Accounting & Finance, Volume 6, Number 4 (Summer 1995)

"Audit Sampling--The Challenge of Achieving Efficiency and Effectiveness," Horizons (with J. Robertson) March 1994

"Report on the AICPA's SEC National Conference," The Journal of Corporate Accounting & Finance (with Tom Weirich) Spring 1994

"SEC Neutrality of Standards, Executive Compensation, Environment Remain Key Issues," The Journal of Corporate Accounting & Finance" Spring 1994

"Environmental MD&A and Financial Reporting: What Every Corporate Officer Should Know," (with Tom Weirich and Roger Daniels) The Journal of Corporate Accounting & Finance, Winter 1993/94.

"SEC/Executive Compensation Survey." The Journal of Corporate Accounting & Finance, Winter 1993/94.

"A Flowchart Approach to Implementing SFAS 115," (with Tom Weirich and Roger Daniels) The Journal of Corporate Accounting & Finance Autumn 1993.

"The Accounting for Investment Securities," The Michigan CPA (with T.Weirich). Summer 1993.

"A Critical Analysis of the Social Responsibility Issue of Utilizing the Investment Portfolio to Manage Earnings," presented to the Third Critical Accounting Symposium: Critically Reappraising Accounting," April, 1993 (with A. Reinstein and T. Weirich).

"Perspectives on Environmental Accounting," The CPA Journal, (Volume LXIII/No. 1), February, 1993, (with Bill Chadwick and John Surma) pp. 18-26.

"SEC Initiatives on Executive Compensation and Proxy Reform," Corporate Controller, Nov-Dec. 1992 (with T.Weirich) pp.20-33.

"The Case of the Misdirected Procedures," The CPA Journal, April, 1992 pp.57-59.

"Judy's Dilemma", Case published by the American Accounting Association, 1991 (one of 12 cases relating to ethics initially published by the AAA.

"The Impact of Internal Controls Upon the Small Business Audit, Business, January 1988 (with L. Bryan) pp. 49-51.

"Errors and Irregularities - Improved Standards," The CPA Journal, October 1987 (with T. McKee) pp. 102-108.

"Small Business and the CPA: A Guide to Written Communications," Business, March 1987 (with L.Bryan) pp. 55-56.

"Do Accounting Professors Push Public Accounting?" Management Accounting, May 1987 pp. 38 & 58.

Contributing Editor, Education Section, Management Accounting, May 1987 pp. 38.

"CPA Letters - What Do They Mean," Business, January 1987 pp. 55-56.

"Completeness - The Perplexing Assertion," The CPA Journal, October 1986 (with D. Raiborn) pp. 74-77.

"Improving the Confirmation Process," The CPA Journal, December, 1986 (with M. Lathem) pp. 58-61.

"Survey of Administrators of AACSB Accredited Accounting Programs," Journal of Accounting Education, Spring 1986 (with J. Davis and T. Friedlob) pp. 147-161.

"Prospective Financial Statements - The Wave of the Future," The CPA Journal, March 1986 pp. 68-70.

"Reporting on Internal Controls within the Service Organization - The Emerging Engagement," CPA Journal, November 1985 pp. 28-38.

"The Auditor's Report - More Than Just an Unqualified Opinion," The CPA Journal (with L. Bryan) pp. 106-108.

"Personal Financial Statements," National Public Accountant, May 1985 (with L. Bryan) pp. 26-33.

"The Attestation Standards," The Ohio CPA Journal, Spring, 1985. pp. 45-46.

"Fraud Detection and Opinion Shopping," The Ohio CPA Journal, Summer, 1985. pp. 41-42.

"Non-statistical Sampling Under SAS 39," The Michigan CPA, December 1984 (with T. McKee) pp. 42-47.

"An Evaluation of The Supreme Court's Decision Relating To Tax Accrual Workpapers," The CPA Journal, February, 1985 (with T. Friedlob and C. Dungan); reprinted and distributed at the 1985 and 1986 AICPA - University of Illinois National Tax Education Program pp. 20-28.

"Improving Efficiency of the Small Business Audit While Maintaining Effectiveness," Virginia Accountant Quarterly, April 1985 with M. Lathe) pp. 20-26.

"Setting Realistic Expectations for Publishing in leading Accounting Journals," The Journal of Accounting Education, Fall 1984 (with R. Shockley) pp. 43-53.

"Problems and Issues of Small Business Audits," The CPA Journal, September 1984 (with L. Bryan) pp. 11-18.

"Enhancing the Local Practitioner's Image on Campus," The CPA Journal, June 1984 pp. 70-72.

"Guidance to Practitioners with Small Business Audits," The CPA Journal, May 1984 pp. 64-65.

"The Image of Management Accounting on Campus," Management Accounting, May 1983

Contributing Editor, Education Section, Management Accounting, May 1983

"The Trueblood Seminars - A Rewarding Experience," Accounting Education News, Publication of the American Accounting Association, May 1983

"Suggestions for a effective interview," Journal of Accountancy, March 1983, pp. 80-84.

"Campus recruiting for local firms," Journal of Accountancy, September 1981, pp. 26-30.

Significant paper presentations:

"Audits of Small Businesses," Louisiana Society of CPA's Auditing and Accounting Conference, 1986.

"Problems in Audits of Small Businesses," VPI and Virginia Society, Accounting and Auditing Conference, 1983.

"Nonstatistical Sampling Under SAS 39," VPI and Virginia Society, Accounting and Auditing Conference, l982.

"Variable Sampling - Controlling Over and Under Auditing Risk," American Accounting Association, Southeast meeting, 1982.

"Illustrations and Application of SAS 39, Audit Sampling," VPI and Virginia Society, Accounting and Auditing Conference, l981.

"Teaching Statistical Applications in Auditing Courses," Education Trends Conference, Virginia Polytechnic Institute, 1980.

American Institute of Certified Public Accountants Committee Assignments:

Information Retrieval Committee, 1986-89

Educators Relations Committee, 1989-91

American Accounting Association Committee Assignments:

Practice Involvement Committee, Accounting Administrators Practice Group 1994-

Innovations in Accounting Education Award Committee, 1994-95

Member, Corporate Accounting Principles Seminar Committee, 1991-92

Member, Securities and Exchange Commission Liaison Committee, 1991-93

AAA Council, 1990-92

Vice President, Southeast American Accounting Association, 1990-91

Accounting Administrators PracticeGroup--Practice Involvement Committee, 1994-95

Member Data Base Committee Accounting Administrators Group, 1989-90