PCAOB Announces 332 Scholarships for the 2018-2019 Academic Year

The Public Company Accounting Oversight Board today announced the recipients of merit-based scholarships that are intended to encourage accounting students to pursue careers in audit.

This year, the PCAOB will award a $10,000 scholarship to one student at 332 colleges and universities. This is the eighth year the PCAOB has funded scholarships.

"I applaud these students as they pursue an education in accounting and auditing," said PCAOB Chairman William D. Duhnke.

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 students eligible for the scholarships and award the funds through the students' educational institutions.

Participating educational institutions nominate a scholarship recipient from the students enrolled in their accounting degree programs. The schools are encouraged to consider students from populations that have been historically underrepresented in the accounting profession.

To qualify, students must:

• Be enrolled in a bachelor's or master's degree program in accounting at a regionally accredited U.S. college or university.
• Demonstrate interest and aptitude in accounting and auditing.
• Demonstrate high ethical standards.
• Not be a PCAOB employee, or the child or spouse of a PCAOB employee.

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.