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e-mail: george-mccrory@uiowa.edu

Release: Nov. 6, 2002

Former SEC chief accountant Lynn Turner to speak at UI

Lynn Turner (left), former chief accountant for the Securities and Exchange Commission (SEC), is the featured speaker Monday, Nov. 11 at an event sponsored by the RSM McGladrey Institute of Accounting Education and Research at the University of Iowa. Joining Turner on the agenda will be Bruce Webb, a McGladrey & Pullen National Audit & Accounting partner located in Des Moines.

"The accounting profession has experienced its own 'perfect storm' over the last 18 months," said Bruce Johnson, UI accounting professor and director of the RSM McGladrey Institute. "Investors, employees and the public have been angered by the accounting abuses uncovered at major corporations, and by the alleged involvement of outside auditors in masking these activities. Our forum speakers have unique insights about why these abuses occurred and how they can be prevented in the future."

"Our firm has a long history of commitment to the fundamental values of our profession and supports efforts to prevent future accounting abuses," added Dean Price, managing director of RSM McGladrey's Iowa City office and an RSM McGladrey Institute board member. "Congress has responded to the public outcry for reform with the Sarbanes-Oxley Act. Our speakers will share how events like this are shaping the future of the accounting profession and what the impact will be on businesses, including the mid-sized businesses we serve."

The event will be held from 6 p.m. to 7:30 p.m. in the Buchanan Auditorium (Room W10) of the John Pappajohn Business Administration Building on the University of Iowa campus in Iowa City.

The RSM McGladrey Institute was founded in 1984 with contributions from McGladrey & Pullen partners who are UI accounting graduates. The Institute sponsors accounting research, hosts annual public forums on contemporary accounting and auditing issues, provides undergraduate and graduate students access to professional research and educational materials, and is a resource for the media on accounting, auditing and stock market matters.

RSM McGladrey is a business services firm offering middle-market companies business and tax consulting, wealth management, retirement resources, payroll services and corporate finance. McGladrey & Pullen is a certified public accounting firm. Though an alternative practice structure, the two firms work together to serve the needs of mid-sized businesses.

A media kit with bios and background information is available at: http://news-releases.uiowa.edu/2002/november/1106turner-media-kit.html