The American Institute of CPAs (AICPA) has named four new Accounting Doctoral Scholars (ADS), which identifies practicing CPAs interested in becoming accounting professors to teach future accountants.
The following individuals will receive a $20,000 stipend to support their doctoral education:
- Katie Daugherty, Indiana University
- Brian Forsberg, University of Illinois
- Lauren Frederick, Cornell University
- Andrew Jones, Indiana University
The ADS program, which launched in 2009, recruits practicing CPAs who have expressed “interest in and demonstrated potential” for becoming college professors to attend an all-expenses-paid seminar.
The seminar teaches CPAs “what it takes” to earn a PhD in accounting, as well as the teaching, research and service requirements of a college faculty member.
Previous iterations of the Accounting Doctoral Scholars program focused on audit and tax accounting, but the program has expanded to include management accounting, information systems and financial analytics.
The program is intended to help grow the number of CPAs in the classroom and ensure a steady supply of accounting professors. Educators with recent, relevant workplace experience provide their students with a greater understanding of what a career in the accounting profession entails and the value a CPA license adds.
The program, funded by the AICPA Foundation, is “one of many Institute initiatives to help academia and practice align more closely”. AICPA also puts practitioners on Association to Advance Collegiate Schools of Business accreditation reviews, offering discounts to academics to attend AICPA conferences, and free resources to help academics engage with practitioners on accounting program advisory boards.
To date, more than 108 CPAs who went through the Accounting Doctoral Scholars program have completed their PhD, and another 45 are currently enrolled in PhD programs. ADS candidates selected for funding, as well as all candidates attending the ADS Orientation Conference and enrolled in an ADS Participating University, are also eligible to apply for the William (Bill) Ezzel Scholarship.
Jan Taylor-Morris, CPA, CGMA, Ph.D., academic in residence, AICPA, representing AICPA & CIMA said: “Firms and businesses alike are seeking CPAs with professional skepticism, critical thinking, technological skills, and the ability to understand how to leverage data to make informed decisions.
“The profession is evolving, and we believe that having recently practicing CPAs join the ranks of academics will help inform practice-relevant research as well as allow these Ph.D., CPA professors the opportunity to share with the next generation of CPAs the increasing role data and technology play in the profession.”