The American Institute of CPAs has launched a competition for college students to improve the sustainability practices in businesses.
Students pursuing either an associates or bachelors degree can participate by submitting a plan to make the practices of a North Carolina luxury hotel align better with the principles of sustainability.
The competition is an opportunity for students to gain experience working with a client, said AICPA vice president for students, academics and membership Jeannie Patton in a statement. We chose sustainability as the theme because more companies around the world are linking their performance with the economic, environmental and social costs of doing business. The next generation of CPAs will need the skills to understand how sustainability impacts financial reporting.
Students participating in the competition must work in teams of four, each of which must include at least two accounting majors. One of the accounting majors must serve as team leader. There will be three finalist teams that will receive a cash award. The team placing first will receive $10,000; the second-place team, $5,000; and the third-place team, $2,500. Proposals are due Oct.15.
The AICPA is hosting the competition on the new website
The AICPA is a member of The Prince of Wales Accounting for Sustainability Project, which works with accounting bodies, businesses, investors and others to develop guidance for integrating sustainability into decision-making and reporting. In 2009, the Prince delivered a videotaped message on sustainability to the institutes governing council.
For more information, or to register for the competition, visit