KPMG Foundation Continues Support of the AAA Auditing Section’s Mid-Year Conference and Auditing Section Doctoral Consortium

Montvale, NJ. July 31, 2006- The AAA Auditing Section is pleased to announce KPMG Foundation will extend its financial support for the Section’s Mid-Year Conference and Auditing Section Doctoral Consortium for 2007, 2008, and 2009. KPMG began its
sponsorship of the Mid-Year Conference in 1998 and the Doctoral Consortium in 2000.

The KPMG Foundation provides up to $45,000 of funding in support of the Mid-Year Conference over a three year period, generally in the amounts approximating $15,000 per year. The funding commitment for the Doctoral Consortium is $11,000 per year for each of three years.

The Mid-Year Conference, hosted each January, has become one of the Section’s most valued activities, where auditing educators from around the world meet to exchange ideas about audit education, research, and practice. The Section’s Doctoral Consortium, which precedes the Mid-Year Conference, provides a highly valued forum for current Ph.D. students who are exploring opportunities related to audit education and research.

“The generous financial commitment made by the KPMG Foundation has been a significant factor in ensuring the success of these outstanding programs,” said Mark Beasley, President of the Auditing Section. “The Auditing Section is most grateful to the Foundation for its support.”

The 2007 Mid-Year Conference and related Doctoral Consortium will be held January 11-13, 2007 in Charleston, South Carolina. Information about the 2007 meeting is available at the Auditing Section’s web site: http://aaahq.org/audit/index.htm

The KPMG Foundation was founded in 1968 as a 501©(3). The Foundation’s mission is to enhance business higher education and community involvement. The Foundation is the sole sponsor of three other AAA mid year meeting and doctoral consortia; American Tax Association (ATA), International Accounting Section, and Information Systems Section. The Foundation provides some $9 million per year to business higher education and organizations that enhance community involvement through employee volunteerism. The Foundation's largest investment ($5 million) is through the Matching Gift program and a second major initiative is the nationally acclaimed PhD Project. Mainly through the efforts of The PhD Project, the number of minority business faculty in U.S. colleges and universities has increased from 294 to 812 in just twelve years. Furthermore, there are presently 346 minority doctoral students with another 52 scheduled to start in September.

For more information, please visit: www.kpmgfoundation.org or www.phdproject.org.