The Public Company Accounting Oversight Board today announced the schools of the 102 academic recipients of $10,000 merit scholarships intended to encourage students to pursue an auditing career.
The scholarship program, mandated by Congress in the Sarbanes-Oxley Act, provides awards to one student at each of 102 colleges and universities listed below.
"We are proud of the role this scholarship program plays in recognizing student achievement," said PCAOB Chairman James R. Doty. "We hope to inspire students to become future thought leaders in auditing for the benefit of investors."
This is the Board's fourth year granting scholarships through the PCAOB Scholarship Program.
The Sarbanes-Oxley Act of 2002 requires that monetary penalties imposed by the PCAOB in its disciplinary proceedings be used to fund a merit scholarship program for students in accredited accounting degree programs. The PCAOB Scholarship Program was created to identify eligible students for scholarships and award funds through the students' educational institutions.
Each participating educational institution nominates a scholarship recipient from students enrolled in its accounting degree program. To qualify, students must:
Be enrolled in a bachelor or master degree program in accounting
Demonstrate interest and aptitude in accounting and auditing
Demonstrate high ethical standards
Not be a PCAOB employee, or a child or spouse of a PCAOB employee
The PCAOB scholarship program is merit-based, and educational institutions are encouraged to give consideration to students from populations that have been historically underrepresented in the accounting profession.
A description of the program, along with information on the nomination process, the selection of nominating institutions, and other details can be found on the scholarship program page of the PCAOB website.