Faculty Support Programs
Every year, the Foundation works directly with educators and professional associations to sponsor a number of initiatives that generate new ideas for the classroom, share information about the current state of the practice, support relevant practical research, promote teaching excellence and provide networking opportunities for many faculty. Below are some of the faculty programs that the Foundation currently sponsors:
The Deloitte Foundation sponsors the American Accounting Association's (AAA's) annual Wildman Medal, which is awarded to an author, or co-authors, whose work is judged likely to make a highly significant contribution to the practice of public accounting. Offered since 1979, the award is named in honor of the late John R. Wildman, who was a partner of a Deloitte predecessor firm, a professor of accounting at New York University and the first president of the American Association of Accounting Instructors, which later became the AAA. The Wildman Medal and its accompanying honorarium of up to $7,500 help recognize and support exceptional research that advances both the theory and practice of accounting.
American Taxation Association Teaching Innovation Award
The Deloitte Foundation sponsors the American Taxation Association (ATA) Teaching Innovation Award program, a $5,000 annual award designed to encourage tax professors to develop new teaching methods that stimulate students' critical thinking skills and enhance the learning experience.
Deloitte LLP/Federation of Schools of Accountancy Faculty Consortium
The Deloitte Foundation, in collaboration with the Federation of Schools of Accountancy, sponsors a faculty consortium for accounting educators. The objective of the Consortium is to provide faculty with a better understanding of practice issues and to deliver best practice information that participants can incorporate into their institutions' curricula. The program is delivered as a combination of presentations from thought leaders in practice and experienced educators at leading accounting programs.
University faculty play a critical role in educating the profession's next generation of business leaders. To bring the best and brightest teachers to the classroom, over the years contributions from the organization's people and the Deloitte Foundation have funded more than $15 million to establish several dozen faculty fellowships, professorships and chairs in the organization's name. Professorships provide financial support to university faculty and assist institutions in attracting and retaining the most talented professors.
Tax Faculty Symposium
Each year the Tax Faculty Symposium exposes about 30 tax professors to the latest technical and business knowledge from our specialists on practice, regulatory and policy issues in taxation. Technical discussions center around various taxation topics, including updates on new legislation, mergers and acquisitions, and estate, gift and international tax matters. Faculty participants also learn about the organization's national tax practice strategy and services and its approach to professional development.
Trueblood Seminars for Professors
To stay abreast of change in the business world, practitioners need the help of faculty, and faculty need strong contact with practicing accountants. The Trueblood Seminars, sponsored by the Deloitte Foundation and the American Accounting Association, offer a way to accomplish this. Our professionals re-create actual, difficult cases they have encountered in practice. Faculty then propose possible solutions. Other sessions have one group of faculty act as auditors and another as clients. The groups re-enact a difficult case and see the challenges from two perspectives. The Seminars are rounded out with guest speakers from the Financial Accounting Standards Board, corporations and other groups in addition to Deloitte. Since 1966, more than 2,000 professors have come away from the Seminars with case materials to use in their classrooms and, often, with ideas for research. Fifty cases used at recent seminars (known as the Trueblood Case Study Series) are available for download.