Fisher team takes second place in Deloitte case competition
GAINESVILLE, Fla. – A team of five students from the Fisher School of Accounting finished in second place at the Deloitte Audit Innovation Case Competition on Dec. 3-4 in Charlotte.
The case focused on Current Expected Credit Loss (CECL), the new accounting model the Financial Accounting Standards Board (FASB) has issued for the recognition and measurement of credit losses for loans and debt securities. Fisher’s team of Kriss Camacho, Rachael Laky, Alex Nelson, Connor Pleban, and Matthew Tuohy focused on smart contracts and using artificial intelligence to build a model to evaluate contracts. The team’s model also emphasized the use of algorithms to create the auditors’ estimate of expected losses.
Each student received a $100 prize, and the Fisher School received a $1,000 honorarium.
The College of William & Mary won the competition. Also competing were Howard University, the University of Maryland, and the University of Mississippi.