By EMILY SANDERSO
A dinner honoring Dr. W. Steve Albrecht, director of the BYU School of Accountancy and Information Systems, will take place tonight at 7 in the Riverside Country Club.
Albrecht will receive the Alumni Professorship in Accountancy, which includes a $250,000 scholarship, from Arthur Andersen & Co., a world-wide accounting firm.
“For many years, the BYU School of Accountancy has been consistently recognized as one of the top five schools in the country,” said Dallas H. Bradford, head of the tax division at the firm’s Salt Lake office in a release. “Arthur Andersen is proud to support the faculty and students of this great program.”
The scholarship is contributed by BYU alumni in the firm and those who have left the firm, said Susan Fisher, a secretary at the firm’s Salt Lake office.
The $250,000 will be given as a permanent gift to the Marriott School of Management, the collected interest of which will be given to Albrecht as part of his salary for at least the next five years. He will also be named the Arthur Andersen Alumni Distinguished Professor of Accounting, Albrecht said.
Albrecht was also the recipient for the last five years, and now that they have fully funded the gift, Arthur Andersen is announcing the professorship, he said.
A recipient of the professorship will be given every five years, Albrecht said.
“They want to make a gift to keep ‘outstanding faculty,’ and I’m using their words, at BYU,” he said. “Most of our faculty could go somewhere else. They want to create an incentive to keep them here.”
Albrecht said the BYU School of Accountancy is number three in the country in their undergraduate program and number four in their graduate program.
“I am grateful to Arthur Andersen and its employees for their generosity to the School of Accountancy and Information Systems at BYU,” he said. “I’m honored to be named the Arthur Andersen Alumni Distinguished Professor of Accounting. They are certainly a world class firm and I am proud to be associated with their name.”
Albrecht came to BYU in 1977 after teaching at Stanford University and the University of Illinois.
He received his bachelor’s degree in accounting from BYU in 1971 and received his MBA and doctoral degrees from the University of Wisconsin at Madison.
He has conducted extensive research in several areas, including white-collar crime and business fraud. His fraud research has been highlighted during professional conference presentations, public lectures, television appearances and classroom lectures, an Arthur Andersen press release said.
“Dr. Albrecht’s contributions to the School of Accountancy, to the accounting profession, and to the students he teaches are well documented,” the release said. “He is an outstanding professional who serves as a role model for his peers and for the students he teaches. His selection as the Arthur Andersen & Co. Alumni Professor is a tribute to his dedication to his profession and to those he serves.”
The Riverside Country Club is located at 2701 North University Avenue in North Provo.