Rider Alumnus John Layton Honored at Accounting Hall of Fame Dinner

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Front row, left to right: Frank Sonnenberg, Clair Raubenstine, Steve Cosgrove; Back row, left to right: Donald Richards, Kathleen Gorman, Nancy Gorman, John Layton

LAWRENCEVILLE, NJ (06/13/2011)(readMedia)-- John Layton '66 of Pocono Manor, Pa., was one of six Rider University alumni recently recognized for making significant contributions in the field of accounting, enhancing the image of accountants, and making noteworthy volunteer efforts outside the workplace.

Rider's Accounting Advisory Council welcomed and honored its inaugural class at its Accounting Hall of Fame Dinner and Induction Ceremony on May 11 at Pines Manor Restaurant in Edison, N.J. More than 160 attendees attended the evening event, which honored Rider alumni who have distinguished themselves in the accounting profession. Proceeds from the dinner will help fund student scholarships.

Dr. Margaret O'Reilly-Allen, chair of the Department of Accounting, presented Layton with the Achievement in Governmental or Not-for-Profit Accounting award.

After receiving a degree in Accounting from Rider in 1966, Layton was hired by Litton Industries as an internal auditor. This brief auditing career was interrupted when he was drafted into the United States Army during the Vietnam War. He was commissioned a second lieutenant in the Finance Corps. Following his service, Layton returned to Litton Industries, where he remained until 1972, when he became a special agent for the FBI.

Prior to being nominated by President Ronald Reagan and confirmed as the inspector general of the U.S. Department of Energy, Layton served as director of investigations for NASA at the Goddard Space Flight Center, deputy inspector general for NASA and inspector general of the Department of Treasury. As inspector general, he served three presidents, testified extensively before the U.S. Congress on management issues, including the administration of $16 billion in government contracts, and served as the vice chair of the President's Council on Integrity and Efficiency. Layton retired as inspector general in 1998.

The rest of the honorees included Donald Richards '70 (Achievement in Public Accounting); Stephen J. Cosgrove M.B.A. '77 (Achievement in Corporate Accounting/Finance); Frank Sonnenberg '77 (Achievement for Service to the Community); Clair Raubenstine '63 (Lifetime Achievement); and Professor John Gorman '59 (Faculty Lifetime Achievement).