Our Deloitte team members competed on October 9, 2015 against the University of Minnesota, the University of Saint Thomas, the University of Northern Iowa and the University of North Dakota in the Minneapolis Audit Case Competition sponsored by Deloitte, one of the Big 4 International CPA firms. Our students' case dealt with segment reporting under US GAAP.
And our team won!
To compete in the case, the team researched the US GAAP and SEC accounting rules related to segment reporting. They prepared a great set of PowerPoint slides outlining the issues and accounting requirements entailed in the case. And they practiced. And practiced. They needed to be ready to face a panel of Deloitte partners, first to provide 15 minutes of prepared comments, and second to spend 5 minutes answering questions.
The team did a fabulous job, garnering kudos from the judges for their approach and their value-added suggestions.
The team went on to compete in the Deloitte Regional Competition in Chicago on December 4th, preparing a brand new case. This one covered complexities inherent in business combinations. The team did a tremendous amount of work researching the area and practicing an entirely new presentation. They wowed the judges with their poise. Note that they were the only sophomores competing; all other teams had juniors or seniors on their team. But they proved their worth, and achieved another resounding win. Well done, team!