Accountants  News Hubb
Advertisement
  • Home
  • News
  • Accountant News
  • Contact us
No Result
View All Result
  • Home
  • News
  • Accountant News
  • Contact us
No Result
View All Result
Accountants  News Hubb
No Result
View All Result
Home News

University wins Deloitte student audit challenge

admin by admin
May 8, 2023
in News


Deloitte completed its eight annual Audit Innovation Campus Challenge, awarding University of Nebraska-Lincoln students first place for their audit project.

The AICC challenge promotes innovative accounting education across the U.S. by encouraging universities to keep up with emerging technologies and changing trends within the audit field. The program, hosted by Deloitte’s Audit & Assurance business, gives students and faculty the opportunity to apply their skills to a reality-based challenge.

For the second year, AICC participants were challenged to consider how the accounting profession could be a driving force for environmental, social and governance reporting, and how the industry could share timely ESG-related information with capital markets. Supported by Deloitte professionals and a faculty advisor, each team received four weeks to respond, with their final submission judged by an evaluation panel comprising Deloitte Audit & Assurance business partners and managing directors.

“Aligned with the growing demand for accountability, auditors are playing a key role by performing audit procedures on financial information as companies take meaningful steps toward enhancing sustainability initiatives,” said Christine Robinson, Deloitte sustainability and ESG services audit and assurance partner, in a statement. “Deloitte is proud to host this competition that helps students develop some of the skills needed for success in the accounting profession and empowers them to develop and share innovative thinking and ideas to enhance the reliability, completeness and accuracy of sustainability disclosure. I’m incredibly inspired by these talented auditors of the future.” 

Adani Group dropped Deloitte as the auditor of various UK subsidiaries last year, replacing it with a far smaller accountancy firm. Photographer: Daniel Leal-Olivas/AFP/Getty Images

Daniel Leal-Olivas/AFP/Getty Images

The University of Nebraska-Lincoln team’s winning concept was Deloitte Visualize, a personalized ESG platform designed to help companies comply with changing ESG regulations. It would address the main problems companies face when dealing with ESG reporting, such as duplication of information, staffing levels and contradictory data, according to their entry. The proposed portal would modernize ESG reporting practices and improve a company’s ability to produce congruent, trustworthy and coherent  ESG information. 

After the university’s initial victory in 2017, this is the second time a team from Nebraska-Lincoln has won the AICC challenge, with this year’s winning contestants including team members Morgan Wallinger, Cole Frye, Bruno Weiss Salles, Alvan Tran and Alex Nguyen. More than 60 teams participated from around the country to participate in the challenge, starting last fall. Twelve teams then made it to the national competition, held at Deloitte University in Westlake, Texas. 

“I’m incredibly proud of the team for their hard work, putting in nearly 400 hours since October,” said Debra Cosgrove, accounting professor and faculty advisor for the Nebraska-Lincoln team, in a press release. “Their idea went through several iterations, and through it all they learned a lot about ESG and the varied opportunities an accounting career can present. I can’t wait to see what they accomplish in the future!”



Source link

Tags: AccountingAccounting educationAuditDeloitteNebraskaPremium
Previous Post

Finance, Accounting Graduates Vacancy at Victoria’s Secret

Next Post

PwC’s Tom Seymour Just Stepped Down Because He Was On a Naughty Email Chain

Next Post

PwC's Tom Seymour Just Stepped Down Because He Was On a Naughty Email Chain

Recommended

GPT-4 Answers Tax Questions, Gets Them Mostly Right

April 21, 2023

Why middle-market companies are turning to AP automation

April 18, 2023

Don't miss it

News

Tax Fraud Blotter: Big adjustments

June 9, 2023
Accountant News

Small business retailers, beat the tax time woes with these simple tips

June 9, 2023
News

Vacancy for Financial Analyst Opex at Warner Bros

June 9, 2023
News

A Second Look at Wholesale Payroll

June 9, 2023
Accountant News

Finally Having Something to Roast Them About, KPMG CEO Takes This Opportunity to Talk Sh*t About PwC

June 9, 2023
News

Pennsylvania CPAs try out work-and-learn model for young accountants

June 8, 2023

© Accountants News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Accountant News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Accountant News
  • Contact us

© 2022 Accountants News Hubb All rights reserved.