Austin, Texas (July 2, 2002) -- The American Accounting Association has named Joseph T. Wells, CFE, CPA, as the recipient of its annual Innovation in Accounting Education Award.

The award is presented to an individual who has demonstrated exceptional achievement in the area of accounting education. A selection committee of appointed AAA members choose the recipient based on the innovation, educational benefits, and adaptability of their initiative by other educational institutions.

Wells, founder and chairman of the 26,000-member Association of Certified Fraud Examiners, was chosen in recognition of his role in the development and implementation of a graduate-level course in fraud examination for accounting students, and for making fraud-related teaching materials available to educational institutions for free, the AAA said. The three-hour Fraud Examination course was developed for and taught at the University of Texas, but has since been adopted by several major educational institutions.

He will receive a commemorative plaque from the AAA and a check for $5,000 from accounting giant Ernst & Young. Wells plans to donate the $5,000 to the ACFE’s Ritchie-Jennings Memorial Scholarship Fund, which offers scholarships to undergraduate students in accounting and criminal justice majors.

"I am so honored to be selected for this unique award," Wells said. "I owe such a debt of gratitude to the people who contributed to my nomination and selection, and especially appreciate the assistance of the ACFE’s Higher Education Committee, chaired by Dr. Tom Buckhoff, in helping to promote this initiative. I would also like to thank a host of volunteer instructors who have made our fraud examination course so popular, as well as Dr. Steve Albrecht, whom I humbly credit with teaching me how to teach."

-- Electronic Accountant Newswire staff

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