The Securities and Exchange Commission is looking for qualified accounting professors to fill four available academic fellowships at its headquarters in Washington.

Two of the fellowships are in the Office of the Chief Accountant, which functions as the primary advisor to the SEC on accounting and auditing matters. The SEC anticipates that one of the fellowships will require credentials in financial accounting, while the other will require credentials in auditing. These academic fellows serve as research resources for the OCA, assist in registrant matters, and participate in OCA projects. The fellows are also asked to develop and present a training session on emerging or controversial accounting/auditing issues for accountants and attorneys at the SEC. Requirements include a Ph.D., a strong research background in financial accounting or auditing, and a CPA or equivalent technical expertise.

The third fellowship is in the Division of Corporation Finance, which oversees corporate disclosure of information to the investing public. Its staff is responsible for the review of corporate filings by publicly held companies. The fellowship typically involves researching financial reporting issues in connection with division policy or program initiatives, reviewing filings by public companies to identify significant accounting and disclosure problems, and developing and presenting training on emerging or controversial accounting issues for accountants and attorneys at the SEC. Requirements include a Master's or Ph.D. and teaching experience in upper-level/advanced financial accounting courses. Expertise in quantitative analysis and finance, as well as the ability to discuss issues in plain English, are a plus.

The fourth fellowship is in the Office of Economic Analysis, which advises the SEC and its staff on the economic issues associated with the SEC's regulatory and policy activities. OEA Fellows are responsible for designing and conducting studies of the economic impact of existing and proposed rules promulgated by the commission and self-regulatory agencies. They provide analytical support and advice to the chief economist and senior commission staff on regulatory policy, enforcement policy and financial economics. In addition, they design economic studies in anticipation of, and in response to, developments in the securities markets, prevailing financial practices among issuer firms, and commission policies. A Ph.D. is required. Accountants in the OEA tend to specialize in financial accounting or auditing.

For faculty members at U.S. universities, the SEC said that the academic fellow positions generally involve a 12-month period, from Aug. 1- July 31. Under an Intergovernmental Personnel Act contract, the professor continues as an employee of the university, paid by the university and receiving its benefits package; the SEC, in turn, reimburses the university.

To apply, candidates must submit a curriculum vita and a cover letter summarizing their qualifications and indicating the fellowships in which they are interested. Candidates may also opt to provide a copy of one or more relevant working papers or recently published articles. Applications must be submitted electronically to Audrey Gramling at gramlinga@sec.gov. Application reviews for the 2005 -2006 academic fellowships will begin Dec. 15, and will continue until the positions are filled. The SEC said that it hopes to announce final selections by February 2005. For more information, visit the SEC Web site, www.sec.gov.

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