Fisher student earns PCAOB scholarship

Fisher School of Accounting student Sam Salvati received the 2022-23 Public Company Accounting Oversight Board (PCAOB) academic scholarship. The scholarship will cover $10,000 worth of tuition, fees, books and supplies.

“The PCAOB scholarship is a tremendous honor to receive,” Salvati said. “Throughout my college career, I have had to take out a few loans to afford the classes I was enrolled in. Luckily, I had some assistance with Bright Futures, but as a graduate student, it has been much more difficult to come up with money. The funds from this scholarship alleviate the stress and financial hardship my family and I would have had to endure this year and allow me to focus more on passing the CPA exam and my classes. I am extremely grateful for this scholarship.”

Salvati is on track to graduate in spring 2023 with his bachelor’s and master’s in accounting with a minor in economics. He interned at Ernst & Young in spring of 2022 and will return to the company’s Miami office in a full-time role after graduation.

The Fisher School has played an integral part in Salvati’s academic experience.

“The Fisher School has been nothing but exceptional in guiding me through rigorous accounting courses and preparing me for a career,” Salvati said. “I am very grateful for the professors and counselors I have had at this school. The Fisher School’s program has more than prepared me for a successful accounting career and future.”

The Sarbanes-Oxley Act of 2002 requires that monetary penalties imposed by the PCAOB in its disciplinary proceedings be used to fund merit scholarships for students in accredited accounting degree programs. The PCAOB scholarship program was established to provide a source of funding to encourage outstanding undergraduate and graduate students to pursue a career in auditing.

The scholarship is merit-based and is available to students who meet the following criteria: students who are enrolled in a bachelor’s or master’s degree program in accounting, demonstrate an interest and aptitude in accounting and demonstrate high ethical standards. Educational institutions are statistically selected to provide student nominations and are encouraged to consider students from populations that have been historically underrepresented in the accounting profession.

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate and independent audit reports. The PCAOB oversees the audits of brokers and dealers, including compliance reports filed pursuant of federal securities laws, to promote investor protection.