News

Apr 07, 2016
World Class Faculty & Research
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This week the International Consortium of Investigative Journalists began publishing articles drawing on more than 11 million documents from a Panamanian law firm that show the extent to which the global elite has set up secret bank accounts and shell companies, to stash their assets. A Smith School expert, David P. Weber, helped the journalists make sense of the records....

Mar 23, 2016
World Class Faculty & Research
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"Twitter has a brain-drain problem, which it's fighting it by issuing stock and stock options to employees it wants to retain. Such payments come on top of the stock those employees already own, which has underperformed expectations. The expense represented by that compensation may or not be worth it, but we can all agree it's an expense, right? Actually, no. For accounting purposes, Twitter, like most tech companies, does not consider stock...

Mar 10, 2016
World Class Faculty & Research
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In some places, they're called 1099'ers, after the tax form on which their income is reported: People who do work for a corporation but are classified as independent contractors. Companies don't have to pay the employer share of Social Security taxes to contractors, who are also denied the right to unionize. Recently, the National Labor Relations Board and the IRS have been cracking down on companies that...

Feb 29, 2016
Community
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Giving Day returns to the University of Maryland on Thursday, March 3, giving all members of the Robert H. Smith School of Business community the opportunity to boost their contributions through several hourly contests held across campus. From noon until 2 p.m., the Smith faculty and staff’s donations will be eligible for an extra $3,000 prize to be awarded to the Smith School - if they can donate the most money of any on-campus unit within that timeframe.

Jan 14, 2016
World Class Faculty & Research
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Cybersecurity experts hired to lock down technology often overlook the vulnerability of another machine: the human brain. That was the warning of David Balenson, a senior computer scientist at SRI International, during the 12th annual Forum on Financial Information Systems and Cybersecurity, sponsored jointly by the University of Maryland’s School of Public Policy and Robert H. Smith School of Business.

Jan 07, 2016
World Class Faculty & Research
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Cyber attacks on companies worldwide increased by 48 percent from 2013 to 2014 as roughly 42.8 million data security breaches cost firms hundreds to potentially millions of dollars (according to this recent study). With cybercrime against organizations flourishing, researchers and senior executives from business and government agencies will engage in a daylong Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective on Jan. 13, 2016, in Van Munching Hall at the University of Maryland.

Dec 10, 2015
World Class Faculty & Research
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Yahoo announced on Wednesday that it was reversing course on a plan to spin off its stake in the Chinese e-commerce company Alibaba — shares worth more than $30 billion. Yahoo shareholders would like to be able to cash in some of that stake, but they face substantial taxes if they do so. Smith School accounting lecturer Samuel Handwerger explains the accounting logic....

Dec 01, 2015
World Class Faculty & Research
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​Alan Siegfried, assistant academic director of the MS Accounting Internal Auditing Track and adjunct lecturer at the University of Maryland's Robert H. Smith School of Business, is  being honored for his contributions to the internal auditing profession by the Northern Virginia and Washington, D.C., chapters of the Institute of Internal Auditors.
Oct 06, 2015
Experiential / Reality-based Learning
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Four of the best students in the College Park Scholars Business Society & the Economy (BSE) program at the University of Maryland’s Robert H. Smith School of Business were celebrated on Friday, Oct. 2, 2015, at the Annual Citation Awards Ceremony.

Aug 21, 2015
World Class Faculty & Research
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Toshiba is known for producing televisions, computers and, as of this summer, an epic accounting scandal. Its CEO resigned in July after an outside investigator documented that the Japanese company had overstated earnings by $1.2 billion since 2008. Smith School accounting professor Progyan Basu says detecting the point at which reasonable managerial discretion crosses the line into something more nefarious remains...

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