BUFFALO, N.Y. -- For a new accounting graduate, an internship
with the Financial Accounting Standards Board or the Governmental
Accounting Standards Board is the business school equivalent of
clerking for a Supreme Court justice. And that's just what two
graduate students from the University at Buffalo School of
Management have accomplished.
Kelly Amos of Ghent, N.Y. and Kathryn Crawford of Buffalo, who
each graduated this month with a master's of science in accounting,
are two of only 12 people nationwide selected for postgraduate
technical assistantships (PTAs) with the Financial Accounting
Standards Board (FASB) and the Governmental Accounting Standards
The FASB sets accounting standards for America's public
companies, while the GASB is responsible for the standards used by
U.S. state and local governments.
Amos will be one of six GASB PTAs, and Crawford will be one of
six FASB PTAs.
"These assistantships are highly competitive, with hundreds of
exceptional candidates from the nation's best accounting programs,"
says Susan Hamlen, chair of the School of Management's Department
of Accounting and Law. "The fact that not one, but two, of our
students were selected is an outstanding testament to these
students and the strength of our program."
For both agencies, the postgraduate technical assistant
internship is a one-year program during which the interns become
highly involved with the accounting standards-setting process to
reach an in-depth understanding of the roles played by preparers,
auditors and users of financial information.
Amos and Crawford will work on major agenda projects, short-term
practice and implementation issues, and the post-implementation
review of standards issued by the FASB and the GASB.
Crawford has secured a position with the firm Ernst & Young
after she completes her one-year assistantship.
"Kate has been an outstanding intern for us while attending the
University at Buffalo, and we believe she will be an asset to the
FASB," says Michael J. Murray, office managing partner for Ernst
& Young LLP. "We look forward to Kate joining us at the
completion of her FASB internship, as the combination of her
training at UB, which is an incredible program, and the FASB
experience will enable her to have a valuable impact."
"This is an incredible opportunity," Crawford says. "I am
excited to start work at the FASB and I am confident that my
master's at UB has prepared me well for the position."
Amos expressed similar sentiments. She served as a financial
services audit intern at Deloitte & Touche last summer and has
accepted a job offer from the firm when her assistantship at the
GASB is over.
"We are very proud of Kelly's accomplishments and know she will
continue to learn and develop through her internship with the
GASB," says Randy DeYulio, partner, Deloitte & Touche LLP. "The
skills and network that are developed through short-term
assignments in a policy-setting organization like the GASB are
viewed as extremely valuable by the public accounting
The UB School of Management is recognized for its emphasis on
real-world learning, community and economic impact, and the global
perspective of its faculty, students and alumni. The school has
been ranked by Bloomberg Businessweek, the Financial Times, Forbes,
U.S. News & World Report and The Wall Street Journal for the
quality of its programs and the return on investment it provides
its graduates. For more information about the UB School of
Management, visit http://mgt.buffalo.edu.