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Krogstad Named to New Union Pacific Endowed Chair in Accounting at Creighton

Krogstad Named to New Union Pacific Endowed Chair in Accounting at Creighton

Creighton University accounting and strategic management professor Jack L. Krogstad, Ph.D., was installed as the first holder of The Union Pacific Endowed Chair in Accountancy during a ceremony on Tuesday, May 15, in the Skutt Student Center Ballroom on the Creighton campus.

Krogstad began his career at Creighton in 1980 as the John P. Begley Professor in Accounting. Over the years, he has served as associate dean for graduate programs and acting chair of the Department of Accounting.

He has held numerous leadership positions in academic, professional and nonprofit organizations, including chair of the auditing section of the American Accounting Association and editor of the section’s journal Auditing: A Journal of Practice and Theory. Krogstad frequently consults as an expert witness in litigation involving accounting and auditing issues; he recently served as a consultant to the American Institute of Certified Public Accountants in its development of a new computerized CPA certification examination.

Krogstad has also received numerous awards, including the American Accounting Association’s Outstanding Auditing Educator award, the Institute of Internal Auditors’ Michael J. Barret Award, the Nebraska Society of CPAs’ Outstanding Accounting Educator Award, Creighton University’s Distinguished Service Award and Creighton’s College of Business Faculty of the Year Award.

The Union Pacific Endowed Chair in Accountancy is the 30th endowed chair at Creighton, the fifth to be inaugurated in the College of Business, and the second devoted to the accounting profession.

Nine years ago, Union Pacific inaugurated the John C. Kenefick Endowed Chair in the Humanities in the College of Arts and Sciences, named for former Union Pacific Railroad Chairman and CEO John C. Kenefick, who retired in 1986.

Endowed chairs offer many benefits to the University, the donor, honored scholars and, most of all, students. At Creighton University, endowed chairs help continue a tradition of excellence in Jesuit education. They enable Creighton to offer a more diverse curriculum that is not dependent on usual income sources such as tuition, and they provide long-term financial stability. Endowed chairs also supply the means to attract, retain and honor distinguished faculty members