Rainie Quang is the winner of a $10,000 Public Company Accounting Oversight Board Scholarship. Quang, a senior accountancy major and management minor, hails from Nha Trang, Vietnam, and is a first generation college student. She intends to use her degree to open her own tax preparation business where she plans to focus on an important niche—Vietnamese clients who have limited ability to read, write, speak or understand English.
“I am honored to be the recipient of the 2015 PCAOB Scholarship,” says Quang. “Being the first generation of my family to go to college and growing up in a less-privileged community has posed financial and academic challenges, but it has also made me realize the value of a college education. I thank the PCAOB Scholarship Program and the Department of Accountancy at WMU for supporting me in my higher education.”
The PCAOB Scholarship Program is a selective process in which a few dozen students from across the country are recognized. “I am delighted that Rainie was selected to receive a PCAOB scholarship,” says Dr. Don Gribbin, chair of the Department of Accountancy. “She is most deserving of this scholarship, and we are extremely proud of her.”
The Sarbanes-Oxley Act of 2002 requires that monetary penalties imposed by the PCAOB in its disciplinary proceedings be used to fund a merit scholarship program for students in accredited accounting degree programs. The PCAOB Scholarship Program was created to identify eligible students for scholarships and award funds through the students’ educational institutions. Outstanding accounting students must demonstrate evidence of their aptitude in accounting and auditing as well as high ethical standards.