NEW YORK, Oct. 8, 2012 /PRNewswire/ -- Six former Deloitte audit and tax professionals were named among the American Institute of Certified Public Accountants (AICPA) Foundation's 2012 Accounting Doctoral Scholars (ADS). Designed to support practitioners who are interested in attaining Ph.D.s in accounting and pursuing careers in academia, each ADS program recipient receives a stipend of $30,000 per year for up to four years of enrollment.
This year's Deloitte alumni award recipients and their Ph.D. institution affiliations are:
"The shrinking pipeline of qualified Ph.D.s to teach and develop accounting students continues to be one of the most significant talent challenges facing our profession today," said Shaun Budnik, president of the Deloitte Foundation. "The Accounting Doctoral Scholars Program is vital to addressing the growing faculty shortage by supporting practitioners who are committed to advancing research and fostering the next generation of professionals and future leaders. We congratulate the Deloitte alumni who were selected for this honor."
Launched in 2008, the Accounting Doctoral Scholars Program was created by the AICPA Foundation with the support of the Deloitte Foundation, a consortium of large accounting firms, and CPA societies to help alleviate the shortage of Ph.D. accounting faculty in auditing and tax at colleges and universities in the United States. Administered by the AICPA Foundation, the program provided funding for up to 30 new candidates each year for four years. Currently, 114 ADS students are enrolled in .Ph.D. programs focusing on auditing and tax. The fourth and final ADS class was selected in 2012. The consortium of accounting firms and state CPA societies committed nearly $17 million to the program.
The Accounting Doctoral Scholars program is one example of Deloitte's efforts to foster relationships with and support its alumni community. The organization's robust Alumni Relations initiatives enable former professionals to stay connected with Deloitte, grow their network of contacts and extend Deloitte's reach in the marketplace.
About the Deloitte Foundation
The Deloitte Foundation is a not-for-profit organization that supports teaching, research and curriculum innovation in accounting, business and related fields within the United States. The Foundation, created in 1928, supports an array of national programs that are relevant to a variety of professional services and benefit middle and high school students, undergraduates, graduate students and faculty. For more information, please visit the Deloitte Foundation web page at www.deloitte.com/us/df.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.