Virginia CPA firm Yount, Hyde & Barbour has established a $2,500 annual scholarship for accounting students through the Virginia Society of CPAs Educational Foundation, making a $50,000 gift to the foundation so the scholarship can launch next year.

YHB, the third largest CPA firm in Virginia, plans to award the scholarship each year to a junior or senior accounting major planning to take the CPA Exam. To qualify, the student needs to be currently enrolled in an accredited Virginia college or university.

The student must also demonstrate academic excellence and financial need to receive the Yount, Hyde & Barbour Annual Scholarship.

Five of the firm's shareholders have been past presidents and chairs of the VSCPA.

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