Amount: $5,000

Number of Recipients: 5
Sponsor: American Institute of Certified Public Accountants (AICPA)

Open Date: Jan 01, 2017
Close Date: Apr 01, 2017
Close Time: 3 p.m.
Timezone: US/Eastern
Award Date: Aug. 1, 2017

Scholarship Overview

The AICPA John L. Carey scholarship award is one of four awards given through the AICPA Legacy Scholarship program. The award provides financial assistance to liberal arts and non-business degree holders who are pursuing both graduate studies in accounting and the CPA licensure. These awards are intended to encourage students with little or no previous accounting education to consider professional accounting careers. All applications must be completed and submitted by the deadline to be considered. Students interested in being considered for more than one AICPA Legacy Scholarship awards need only complete one application—applicants will be evaluated for all awards for which they are eligible.

Scholarship aid may be used only for the payment of expenses that directly relate to obtaining an accounting education (e.g.; tuition, fees, room and board, and/or books and materials). Awards are non-renewable and past recipients may not re-apply. Payments are sent directly to the student's financial aid office on behalf of the student.

Students selected to receive an AICPA Legacy Scholarship award must participate in the AICPA Legacy Scholars program which includes completing at least eight hours of community service —planning and hosting on-campus events to advocate for the CPA profession. Through their efforts, AICPA Legacy Scholars enhance their leadership and communication skills by building relationships with both aspiring and seasoned CPAs. Learn more at ThisWayToCPA.com/AICPAScholarships.

Scholarship Background

The John L. Carey scholarship award was established by members of the accounting profession to honor John Carey upon his retirement from the AICPA in 1969. During his 40-year tenure at the AICPA, Mr. Carey served as administrative vice president; executive director; and as editor and publisher of the Journal of Accountancy. Mr. Carey dedicated his entire career to serving the accounting profession and made it a priority to encourage outstanding students to become CPAs.

Requirements

An eligible applicant must be/have:

  • Obtained a liberal arts or other non-business undergraduate degree from a regionally accredited institution in the United States prior to enrolling in a graduate accounting program.
  • Not earned more than 12 credits in accounting or business during his/her undergraduate program.
  • Not actively participating in a graduate accounting program.
  • Planning to pursue a graduate-level degree in accounting or an accounting-related major beginning in fall of the 2017-18 academic year. (“Accounting-related” shall be as determined by Sponsor at Sponsor’s sole discretion.) This program will enable a student to sit for the CPA exam.
  • Planning to pursue the CPA licensure but not presently be a CPA.
  • Attending a public or private, not-for-profit (501(c)) four-year college or university in the U.S. or territories for the full 2017-18 academic year.
  • Enrolled in a business and/or accounting program that is accredited by the AACSB and/or ACBSP for the full 2017-18 academic year.
  • Enrolled as a full-time graduate level student (9 semester hours or equivalent) for the full 2017-18 academic year. (Note: an exception may be granted if you plan to participate in an internship program.)
  • An AICPA Student Affiliate member (or have submitted a new member application). Apply online at no cost: www.ThisWayToCPA.com/AICPA-Student-Membership.
  • A U.S. citizen or permanent resident (green card holder).
  • Some financial need (i.e., not already be receiving a full or partial scholarship(s) that covers or exceeds one’s educational expenses).
  • Planning to participate in the AICPA Legacy Scholars program for the full 2017-18 academic year.
  • Note: AICPA and CIMA staff and their family members are not eligible to receive this scholarship.