The Public Company Accounting Oversight Board is giving $10,000 scholarships to 250 students from colleges and universities across the country for the 2022-2023 academic year.
The scholarships are granted through the PCAOB Scholars Program, which aims to help outstanding students who are likely to become auditors, and to encourage students who might pursue a different career path to stick with public accounting.
“The auditing profession serves an important role in investor protection by helping to independently ensure the accuracy of the information public companies provide in their financial reports,” said PCAOB Chair Erica Williams in a statement. “The PCAOB Scholars Program supports the next generation of auditors by helping to make careers in auditing possible for the best and brightest, including for students from groups that have not been well represented in public accounting historically.”
A complete list of the scholarship recipients is available here.
Eligible students must be enrolled in an undergraduate or graduate accounting program at a U.S. college or university, have a GPA of 3.3 or higher, and demonstrate financial need.
Funds for the scholarships come from monetary penalties collected by the PCAOB, as mandated by the Sarbanes-Oxley Act of 2002, which established the board. Since the program began in 2011, it has awarded $18.73 million in scholarships to 1,873 students.