It is the first time that a B C team has reached the final round of the accounting firm's undergraduate competition, which will be held at the Arthur Andersen Professional Education Center in St. Charles, Ill. Nov. 19-21.
The CSOM team - consisting of Lauren Bullaro, Allison Costa, Joanna Enstice and Michael Hough - competed against 123 undergraduate teams in regional competitions held last month at nine sites across the country, including BC.
Part-time faculty member Edward Taylor Jr. (CSOM), the team's faculty advisor, feels the group's accomplishment is especially impressive due to the fact that BC undergraduates normally take only one tax-specific academic course.
"Many of the schools that we were competing against offer three or four tax courses in their curriculums," he said. "Our students have worked very hard to get to this point."
Taylor said the competition involves a detailed problem outlining the business and financial dealings of a fictitious client. The team must prepare a series of tax recommendations and solutions within the seven-hour test limit.
Other teams competing for the undergraduate Tax Challenge title are the College of William and Mary, the universities of Illinois and North Carolina at Charlotte, and Brigham Young, Georgia State, Ohio State, Oklahoma State and Weber State universities.
The winning team will receive a $20,000 grant for its school's designated scholarship fund. Second and third-place finishers receive $10,000 and $5,000 grants, respectively, and each remaining team will receive a $1,500 grant.
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