A team of students from Drexel LeBow College of Businss competed in the 2014 Deloitte FanTAXtic Regional Competition. The team of five LeBow students received second place and an honorable mention for their efforts in the competition. The event was held in New York City last month.
The 2014 Deloitte FanTAXtic Regional Competition is an accounting competition. It is an issues-based tax case study competition that focuses on a hypothetical, real life scenario. This year’s competition required teams to engage in a simulation exercise, role-play with Deloitte professionals and to make a presentation. Following the regional events, the top teams (one first place team from each region) advances to the National Competition.
The event brings students from all across the country together to compete against one another. The LeBow students placed in the top 18 teams out of more than 100 nationwide. The teams competed against nine regions in 14 Deloitte offices.
Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 200,000 professionals in over 150 countries. The company is the largest professional services network in the world by revenue and by the number of professionals. Deloitte member firms offer services, with country-specific variations on their legal implementation (i. e., all operating within a single company or through separate legal entities operating as subsidiaries of an umbrella legal entity for the country).
At the competition, LeBow students Ravi Mittal, Matthew Sinclair, Walid A. Baki, Yuqi Liu and Ilona Schaeffer, all undergraduates majoring in accounting or finance, each received an honorable mention award of $200. Deloitte also presented a $2,000 institutional award and recognition plaque for Drexel LeBow.