April 2, 2007—A strong team of U.Va. students has earned a spot in the final round of the inaugural KPMG National Audit Case Competition, scheduled to be held April 15 and 16, 2007, in New York. The team includes three McIntire students, Ashley Albers (McIntire ’07), Jennifer Clifton (McIntire ’08), and Robert Duncan (M.S. in Accounting ’07), as well as College student John Thornton (A&S ’09).

KPMG developed the competition to heighten student awareness of the highly technical, judgment-laden accounting and auditing requirements for difficult transactions. The U.Va. team will compete against four other finalist teams selected from an original field of 20 schools from strong accounting programs throughout the country.

Students will be asked to make presentations and answer questions posed by a panel of judges that include scholars, audit committee members, and KPMG partners. Each member of the five finalist teams will receive $2,500. In addition, the accounting departments of the first-, second-, and third-place school teams will receive $25,000, $15,000, and $10,000, respectively.

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