Students show fraud and forensics smarts to win 2011 accounting competition

A team of students from North Carolina State University in Raleigh, N.C., won the 2011 AICPA National Accounting Competition, which focused on fraud and forensics.

The case competition featured a fictional Texas company looking to expand its business into Nigerian oil fields. Ninety-eight student teams from around the country entered their solutions, and 10 semifinalist teams submitted written and video proposals on The public voted on the best ideas. Those votes and a review by an executive judging panel narrowed the field to three teams. Each team gave a presentation to a panel of judges and participated in a question-and-answer session.

The NCSU team’s solution stressed effective control measures designed to limit fraud exposure, align with the company’s strategic goals and be cost-effective. The members of the team, Wolfpack in the Black, are: Alan Perry (captain), Amanda Dew, Brian Jones, Seanna Robey and Eileen Taylor (faculty adviser). The team received a $10,000 award.
The Iowa State University team, Internal Control Freaks, received the $5,000 award for second place, and The University of Texas at Dallas team, Highly Debticated, received the $2,500 award for third place.

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