Deloitte Foundation Sponsors Thirty-Eighth
Annual Trueblood Seminars

Accounting Professors and Practitioners
Discuss the Latest Developments in Practice

Wilton, CT, May 1, 2003 - Nearly 60 accounting and auditing educators from across the country recently participated in the Robert M. Trueblood Seminars for Professors in Scottsdale, Arizona. These highly regarded seminars fulfill an important mission-to encourage greater interaction between accounting faculty and practicing professionals and to provide materials to help professors capture the richness and complexity of practice in their classrooms. The event sponsor, The Deloitte Foundation, recently renewed its support with a $500,000 commitment to fund future programs.

"In today's rapidly changing and increasingly complex business world, practitioners continue to face unique challenges. New issues arise frequently, many without precedent, and their solutions require the technical knowledge of the best minds in the profession," said Mark Chain, National Director of Recruiting and Human Resources Management of Deloitte & Touche and President of the Deloitte Foundation. "The Trueblood Seminars are designed to help accounting faculty learn more about the current state of practice, and provide a forum for professors and practitioners to discuss professional issues, ask questions of each other, and share observations and knowledge that ultimately will be brought back to the classroom."

The seminars center on more than twenty case studies that are developed by Deloitte & Touche's Accounting Services group, and highlight current issues in accounting and auditing. The cases are selected to offer professors a broad overview of the most recent developments in practice. Each case presents a complex issue that does not have a clear solution and tests the limits of current theories, and practices in accounting and auditing. Deloitte & Touche professionals introduce each case, and faculty and practitioners then propose, and discuss possible solutions to the issues presented. Guest speakers Robert Herz and Katherine Schipper of the Financial Accounting Standards Board presented a standard setting update at this year's seminars.

The seminar content was designed by a group of faculty and a Deloitte & Touche representative who serve on the American Accounting Association (AAA) Trueblood Seminars Planning Committee. Professor George Plesko of the Massachusetts Institute of Technology chaired the 2003 Committee. Other members included Professors Joe Anthony of Michigan State University, Bala Dharan of Rice University, Susan Scholz of the University of Kansas, Mohan Venkatachalam of Duke University, and Larry Walther of the University of Texas at Arlington, as well as Mark Chain, Partner, Deloitte & Touche.

"The Trueblood Seminars provide an invaluable opportunity for those of us who teach accounting to learn from and interact with those who are on the cutting edge of the accounting practice," said Professor Plesko.

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 & Touche 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 helps support teaching and research in accounting, business, and related fields within the U.S. The Foundation was founded in 1928 and is primarily funded by contributions from Deloitte & Touche LLP and Deloitte Consulting LP. The Foundation 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.