American Taxation Association

Notable Contributions

AAA/Deloitte Wildman Medal Award

In 1978-79, Deloitte, Haskins & Sells (who then became Deloitte & Touche and now Deloitte) joined with the AAA to offer the AAA-DH&S Wildman Medal. Deloitte attaches great importance to the contribution that research can make to the development of the accounting profession. While Deloitte recognizes that there is a need for fundamental research in our field as in other branches of learning, it particularly wishes to encourage research, defined broadly, (e.g., empirical, descriptive or theoretical) or the application of research which may be expected to have practical implications for the problems of the public accounting profession in the relatively near future. To learn more about this award, see Wildman award information on the AAA website.

Lillian F. Mills and George A. Plesko, two ATA members, are the 2005 recipients of the Wildman Award for their paper,

Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income, National Tax Journal, 2003, 56 (4), 865-893.

Abstract:

In this paper, we review the history and purpose of the corporation income tax return's Schedule M-1 in light of recent attention to corporate reporting issues. Although the traditional role for the schedule has been to assist the audit process, the reconciliation of book to tax accounting numbers also provides information useful to tax analysts. We find the existing tax return Schedule M-1, largely unchanged since its introduction in 1963, provides insufficient detail for complex reconciliation issues. We propose revisions to the M-1 to achieve better reconciliation, and discuss the advantages and disadvantages of public disclosure of such data.

If you were unable to attend the 8:30 AM plenary session at the 2005 AAA annual meeting, read what they said when they accepted their awards.

Lillian Mills comments

George Plesko comments

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