Eadington Fellow Gaming Colloquium: Scott Boylan

When

Mar. 13, 2020, 3pm to 4pm

Campus Location

Office/Remote Location

Goldfield Room

Description

Scott Boylan, a Professor of Accounting at Washington and Lee University, will present a William R. Eadington Fellow Colloquium entitled "Charles J. Hirsch and His Role in Advancing the Use of Statistical Sampling and Analysis in the Accounting Profession." 

While in residence as an Eadington Fellow, Boylan is examining the Charles J. Hirsch Papers in the UNLV University Libraries Special Collections and Archives.  Hirsch was Chief Accounting Officer and Controller for Golden Nugget, Inc. from 1950-1970. The Golden Nugget opened in 1946, as the self-proclaimed “largest casino in the world,” putting it at the forefront of the development of the modern gaming industry in Las Vegas. Hirsch considered himself a pioneer in developing accounting and control procedures in the casino industry, many of which are still in use today.

His colloquium talk will focus on two related topics. First, it will address how Hirsch became a nationally recognized expert on using statistical analysis for financial management, fraud detection, and other elements of internal control. It also will include a discussion of the challenges he faced with respect to acceptance and legitimacy.

Second, it will address his 1962 speech before the Western Region of the American Institute of Certified Public Accountants.  In this speech, Hirsch, who had been using statistics to manage the Golden Nugget for twelve years, challenged his colleagues in the accounting profession to accept statistical sampling and analysis as an essential tool for improving audit quality; suggesting that their very survival likely depended on it. Hirsch’s challenge to the accounting profession came at a time when it was struggling with increasing pressure placed on corporate audits stemming from growth in the size and complexity of businesses. The academic literature was beginning to recognize the potential benefit of statistical applications for accounting and control but practicing accountants had yet to come on board.

Awarded since 2007 and renamed in honor of William R. Eadington in 2013, the Eadington Fellowships are intended to foster scholarship focused on gambling issues and to encourage the use of the rare and unique collections at UNLV Libraries. Dr. Eadington (1946- 2013) pioneered the academic study of gambling, both in Nevada and worldwide. He was the first holder of the Philip J. Satre chair in Gaming Studies, a professor of economics, and founding director of the Institute for the Study of Gambling and Commercial Gaming at the University of Nevada, Reno (UNR).

Admission Information

Free and open to the public

Contact Information

Su Kim Chung

External Sponsor

UNLV Univeristy Libraries

UNLV Center for Gaming Research