Big Four firm KPMG LLP announced that a team of four students from the University of Virginia had won the inaugural six-week national audit case competition sponsored by KPMG International's Global Services Centre and the KPMG Foundation.The Accounting Department of the University of Virginia received a cash prize of $25,000. Cash prizes of $15,000 and $10,000 were also awarded to the accounting departments of the University of Georgia and the University of Wisconsin for their respective teams' second- and third-place finishes.

Roger Martin, an assistant professor of commerce and UVA student team faculty advisor, attributed his team's victory to "good chemistry."

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