2.26.2007 - 07:00am ET

(CSRwire) WILTON, CT - February 26, 2007 - Approximately 60 financial accounting and auditing professors will gather in Scottsdale, Arizona, for the 42nd annual Robert M. Trueblood Seminars for Professors on March 8-10. The seminar, which is sponsored by the American Accounting Association (AAA) with support from the Deloitte Foundation, promotes interaction between accounting faculty and practicing professionals, providing educators with up-to-date accounting case study materials for their classrooms. This year’s Trueblood Seminars were formally launched this past week with an initial session held February 22-24.

The format of the seminars enables educators to explore real-world accounting issues from the viewpoint of the auditor and the preparer of financial statements. Each seminar features multiple case discussions, an open forum discussion of topical issues and developments in practice, as well as an update on the standard-setting activities of the Financial Accounting Standards Board (FASB).

"Creating a forum where business and academia may work together to support advancement in accounting education is at the center of the Deloitte Foundation's mission, and the Trueblood seminars are a proven venue where experienced professionals and professors jointly explore the complex issues faced by auditors today," said Shaun Budnik, president of the Deloitte Foundation. "Through the development of case studies designed for classroom use, the program extends the sharing environment of the seminars to accounting programs at colleges and universities across the country."

The seminar was designed by accounting faculty and a Deloitte representative who serve on the AAA Trueblood Seminars Planning Committee. This year's co-chairs are Ted Christensen, Brigham Young University and Afshad Irani, University of New Hampshire. Additional committee members include Lisa Kutcher, University of Oregon; Timothy Pearson, West Virginia University; Brian Rountree, Rice University; Gregory Sommers; Southern Methodist University; and Shaun Budnik, president of the Deloitte Foundation.

"The case studies developed for the Trueblood program substantially contribute to the quality learning experience that professors may offer to accounting students," said Christensen. "The Trueblood Seminar, coupled with the ability to share insights with our colleagues at home and from around the country, provides meaningful and updated educational opportunities that ultimately contribute to a better classroom experience."

The Trueblood Case Study Series includes approximately 50 accounting and auditing cases and is available online for faculty use. For more information on the cases, please visit http://www.deloitte.com/us/truebloodcases.

About the Trueblood Seminars

The Robert M. Trueblood Seminars have been held annually since 1966 under the auspices of the Deloitte Foundation. In 1975, the AAA joined Deloitte in administering the seminars. Through the years, more than 2,000 professors have attended the programs.

About the Deloitte Foundation

The Deloitte Foundation is a not-for-profit organization that supports teaching, research, and curriculum innovation in accounting, business, and related fields within the U.S. The Foundation, founded in 1928, supports an array of national programs, which are relevant to a variety of professional services, and which benefit undergraduates, graduate students, and faculty. For more information, please visit the Deloitte Foundation web page at www.deloitte.com/us/df.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.

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