Release Date: Wednesday, November 30, 2011
Charleston, W.Va. – University of Charleston Executive Master of Forensic Accounting (EMFA) program director Dr. Robert J. Rufus has been chosen by the American Institute of Certified Public Accountants (AICPA) to help select the winner of the 2011 Accounting Competition.
This year, the competition’s fraud and forensics theme challenges teams of four undergraduate students to apply their accounting and investigative skills to solve a real-world business problem. The teams must develop a proposal for a fictional Texas company seeking to expand its business into the Nigerian oil fields.
As described by Dr. Rufus, “this unique competition introduces students to the fastest-growing niche in the accounting profession – forensics.” Jeannie Patton, AICPA’s Vice President for Students, Academics and Membership states, “Those who participate will hone their teamwork and leadership skills, deepen their understanding of financial risks in international business strategy and potentially bring national attention to their college or university.”
The competition, which began in August, has been narrowed to three teams: University of Texas at Dallas, Iowa State and North Carolina State. The finalists will present their proposals on December 16, 2011 in Washington, D.C. Cash awards include $10,000 for first place, $5,000 for second, and $2,500 for third.
Dr. Rufus is the managing principal of Rufus & Rufus Accounting Corp., a Huntington-based CPA firm specializing in forensic accounting and litigation support. The AICPA is the world’s largest association representing the accounting profession, with more than 375,000 members in 128 countries.