Washington, DC, June 24, 2013
The Public Company Accounting Oversight Board today announced that one student at each of the 77 listed colleges and universities have been awarded a scholarship of $10,000.
This is the Board's third year granting scholarships through the PCAOB Scholarship Program.
"The PCAOB is pleased to work with the academic community through this scholarship program as a means of encouraging outstanding students to pursue a career in auditing," said PCAOB Chairman James R. Doty. "It is a career choice that is critical to the effective functioning of our capital markets."
The Sarbanes-Oxley Act of 2002 provides that funds generated from the collection of monetary penalties imposed by the PCAOB are to 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.
Students may be eligible for PCAOB scholarships if they are enrolled in an accounting degree program at an accredited participating, nominating institution. To qualify, students must:
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 PCAOB scholarship program, along with information on the nomination process, the selection of nominating institutions and other program details can be found on the PCAOB website.