300 Plaza Centre One
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Nov. 27, 2002
(Click on photo for high resolution version. Sitting: (l to r) Ryan Tierney,
Chris Williams, Steve Newman; Standing: Amy An, faculty advisor, Brandon Miller)
UI accounting students compete in national tax challenge competition
team of four accounting students from the University of Iowa’s Henry
B. Tippie College of Business earned an honorable mention in the first annual
Deloitte & Touche Tax Challenge national case study competition Nov. 22-24
in Orlando, Fla.
The UI team included Brandon Miller of Clarion, Stephen Newman of Ankeny,
Ryan Tierney of Bloomington, Minn, and Christopher Williams of Ames. Christopher
Hartmann of DeWitt was alternate. Team members were each awarded a $250 scholarship
as well as $2,500 for the UI.
The students advanced to the national competition after competing in a regional
competition Oct. 19 in Overland Park, Kansas. The UI team was one of only
six undergraduate teams in the nation to advance to the national competition.
Approximately 60 teams from 40 colleges and universities participated in regional
Tax Challenge regional events. In the contest, teams are given five hours
to work on a fictitious tax client case study. Members work together to review
the client’s prior year’s tax return, analyze tax issues, offer
tax advice to the client through memos and give a projected tax liability
for the current year. Faculty advisor Amy An led several training sessions
to help the students prepare for each competition.
The UI students competed against teams from Brigham Young University, University
of Illinois-Champaign/Urbana, University of North Carolina-Charlotte, College
of William & Mary, and University of Wisconsin-Madison.
The sponsor of the event, the Deloitte Foundation, is the non-profit arm
of the professional services firm Deloitte & Touche LLP.