Deloitte and the Deloitte Foundation have awarded Loyola University Chicago for their winning idea at the National Audit Innovation Campus Challenge (NAICC).
The NAICC is a US-wide program which accelerates innovation in education by helping high education institutions keep up-to-date with technologies impacting the audit and assurance profession.
Each team, from campuses around the country, had four weeks to respond to a challenge statement released in early October and are supported by Deloitte professionals and a faculty advisor.
This year’s statement was: “How can we use innovation and technology to enable people to have a professionally rewarding experience while continuing to deliver exceptional client service and meeting stakeholder needs?”
The winning team’s submission featured a technology-enabled experience that begins prior to recruitment and uses virtual reality, gamification and blockchain technologies to develop collaboration in recruiting, mentoring, training and meetings.
Earl Stone, Audit and Assurance partner, Deloitte and Touche LLP and managing partner and audit leader for Oklahoma, said: “Businesses are transforming at an unprecedented rate. In our profession, understanding the power of technology is key to discovering and implementing the right solutions for innovation within the accounting profession.
“Through this competition, students have the opportunity to bring forth their ideas in an environment that values innovative solutions. I am very impressed by the caliber of the students’ submissions and the quality of ideas presented to some of the industry’s seasoned executives.”