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FOR
IMMEDIATE RELEASE
DATE:
April 4, 2007
A team of accounting students from the UW Business School
has won the Deloitte National Case Competition.
At the national final last weekend in Scottsdale, Ariz.,
the UW team of Joe DeVleming, Andrew Holland, Roya Labib
and David Myre topped the competition from USC, Florida A&M
University, the University of Houston, Miami (Ohio) University
and Michigan State University. All had advanced to the national
final by winning preliminary regional competitions around
the United States last fall.
In the final round, each team was assigned a different real-world
accounting case and allotted 45 minutes to present recommendations
and respond to withering questioning from a panel of current
and retired Deloitte partners. The UW team drew a case that
dealt with FASB Interpretation No. 48 (commonly referred
to as "FIN 48"), a recently implemented standard
that addresses accounting for uncertainties in income taxes.
"The Deloitte competition was a great learning opportunity," said
Holland, "especially in regards to new accounting issues.
Additionally, the judges were very knowledgeable, and their
questions forced us all to think critically on our feet."
Faculty advisor to the team was Frank Hodge, an assistant
professor of accounting and Lane A. Daley Faculty Fellow
who serves on the experimental research team of the newly
formed Financial Accounting Standards Research Initiative.
Providing professional advisory support were Deloitte partner
Don Heisler (BA 1994), senior manager Karen Chang (BA 2002)
and recruiter Brooke Sullivan, all from the firm’s
Seattle office.
"The students who made up the UW team made my job as faculty
advisor easy," said Hodge. "They were simply
outstanding. Their performance was one of the best I have
seen by either a graduate or undergraduate team."
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The winning team (front row, l-r):
Joe DeVleming, Andrew Holland, Roya Labib and David Myre.
Supported by (back row,
l-r): Brooke Sullivan, Karen
Chang (BA 2002), Frank Hodge and Don Heisler (BA 1994). |
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