0.1About The Author
W. Steve Albrecht is the Gunnell Distinguished Professor in the Marriott School of Management and a Wheatley Fellow at Brigham Young University. Dr. Albrecht, a certified public accountant (CPA), certified internal auditor (CIA), and certified fraud examiner (CFE), came to BYU after teaching at Stanford and at the University of Illinois. Earlier, he worked as a staff accountant for Deloitte. Dr. Albrecht received a bachelor's degree in accounting from Brigham Young University and his MBA and PhD degrees from the University of Wisconsin. While a professor, Dr. Albrecht has been extremely involved in the business world. Following are the highlights of his academic and professional career.
Professor Albrecht has had much success and many leadership positions in academia. Until July 1, 2008, he was the associate dean of the Marriott School, a position he held for 10 years. During that period, the Marriott School went from being unranked to being ranked as a top 15 MBA program and for having the number 7 ranked undergraduate business program. For the previous nine years, Dr. Albrecht was director of the School of Accountancy at BYU which rose to be one of the top three ranked accounting programs in the United States under his leadership. As an academic, he served as president of the American Accounting Association, the organization of accounting professors in the U.S., Beta Alpha Psi, the accounting student honors fraternity, and the Accounting Program Leadership Group. He also chaired the American Assembly of Collegiate Schools of Business (AACSB) Accounting Accreditation Committee from 2000-2003. From 2002-2004 he was chair of the AICPA's Pre-Certification Executive Education Committee. From 2004-2007, he served as the U.S. representative on the International Federation of Accountants (IFAC) Education Committee. Dr. Albrecht has done extensive research on business fraud and ethics. His research has resulted in the publication of over one hundred articles in professional and academic journals. He is the author or co-author of over 25 books or monographs, several of which are on fraud, integrity and financial accounting. His financial and principles of accounting textbooks are in their 14th editions and his fraud text is in its 5th edition. In 2014-15 he wrote a textbook on the board of directors and corporate governance which he uses in his corporate governance class that he teaches to MBA students. In 2000, he completed a major study (Accounting Education: Charting the Course through a Perilous Future) on the future of accounting education in the U.S. Dr. Albrecht has received numerous awards and honors, including BYU's highest faculty honor, the Karl G. Maeser Distinguished Faculty Lecturer Award, for superior scholarship and teaching. He has also received the BYU School of Management's Outstanding Faculty Award and the BYU Maeser Research Award. He has been recognized by Beta Alpha Psi, the Federation of Schools of Accountancy, the Auditing Section of the American Accounting Association, the Utah Association of CPAs and the American Institute of Certified Public Accountants (AICPA) as Educator of the Year. He also received awards for outstanding teaching at Stanford University, the University of Illinois, and the University of Wisconsin. In 2001, in recognition of his contributions to BYU and to academia, an anonymous donor endowed the W. Steve Albrecht Professorship in Accounting and the LeAnn Albrecht fellowship in accounting. In August 2015, he was awarded the Lifetime Service Award from the American Accounting Association at their annual meeting in Chicago, one of only two accounting professors to have ever received that award..
Expert Witness, Professional Service & Consultant
Dr. Albrecht has also enjoyed considerable success with his work in the business world. He has consulted with numerous organizations, including Fortune 500 companies, major financial institutions, the United Nations, FBI, and other organizations, and has been an expert witness in 36 major fraud cases. His work on Internal Controls and Fraud Prevention, Detection and Investigation has brought him wide acclaim. He was the first president of the Association of Certified Fraud Examiners, a fraud-fighting organization now with 70,000 members. He was a former member of the Board of Regents of the Institute of Internal Auditors and the Board of Directors of the Utah Association of CPAs. He served on the task force of the American Institute of CPAs that wrote SAS 82, a fraud auditing standard, and on the FASAC, an advisory committee to the FASB. He was a trustee of the Committee of Sponsoring Organizations (COSO), the organization that wrote the internal control standards used by most corporations, from 1997-2000 and the AICPA Council from 2000-2003. From 2005-2009, he served as a trustee of the Financial Accounting Foundation that oversees the FASB and GASB. He was recognized, as part of Utah's Centennial Celebration, as one of 131 Utahns who have made outstanding contributions or brought unusual recognition to the state. In 1997, 2001, 2002 and 2003, and 2004 he was chosen as one of the 100 most influential accounting professionals in the United States by Accounting Today magazine. In 1998, he received the Cressey Award from the Association of Certified Fraud Examiners, the highest award given for a lifetime of achievement in fraud detection and deterrence. In 2002, in honor of his contribution in fighting fraud, the Association of Certified Fraud Examiners named one of its headquarter buildings in Austin, Texas after Dr. Albrecht.
Board of Directors Work
Dr. Albrecht has served on the boards of directors of four public companies (SkyWest Airlines, Cypress SemiConductor, RedHat, Inc., and SunPower Corporation) and four private companies (ICON Health & Fitness, Bonneville International, Sallie Mae Bank and Deseret Mutual Benefit Administrators (DMBA)). In 2009, he resigned from all of his boards to accept a 3-year volunteer position as president of the Japan Tokyo Mission of the Church of Jesus Christ of Latter-day Saints, where he and his wife supervised the volunteer efforts of approximately 500 young people. Since returning from Japan in 2012, he has rejoined three of the public company boards –Red Hat, Inc., Cypress SemiConductor and SkyWest Airlines (the other public company was sold to a French entity) and the DMBA private company board. In 2006, he was named by Utah Business as one of its first class of top five corporate directors in the state of Utah. In 2013 he was included in the NACD Directorship 100, being named one of the top 50 Corporate Directors in America. Dr. Albrecht has chaired the audit committee of every board he has served on and has been a member of compensation, nomination/governance, long-range planning, safety and other committees.
Dr. Albrecht is married to the former LeAnn Christiansen of Waukesha, Wisconsin and they have six children and twenty six grandchildren. Three of his sons are in the medical profession, two are college professors and his son-in-law is currently pursuing a Ph.D. Dr. Albrecht has held numerous leadership and volunteer positions in his church and the community, including coaching little league baseball, basketball, football and soccer for over 20 years.