2010

    Press Release


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    Contact(s):

    Joel Allegretti
    212-596-6111
    jallegretti@aicpa.org

    AICPA Creates P. Thomas Austin Scholarship 

    Honors CPA Chair of the Institute’s Advanced Estate Planning Conference 
    Published July 26, 2010

    WASHINGTON, D.C. (July 26, 2010) — The American Institute of Certified Public Accountants has established the P. Thomas Austin Personal Financial Planning Division Scholarship in honor of the CPA who has chaired the Advanced Estate Planning Conference for three decades.

                The scholarship will cover the registration fee and travel expenses of a young CPA to attend the conference each year beginning in 2011. The AICPA will award the scholarship to a CPA who has five to 15 years of accounting experience, practices estate planning or is a member of estate planning organizations and is an Institute member. The AICPA will announce the full criteria for the scholarship and start accepting applications in October.

                “This scholarship will enable a young CPA to become more involved with the Institute and the estate planning community,” said Mark Koziel, AICPA director - specialized communities and firm practice management. “Tom was one of the creators of the AICPA Advanced Estate Planning Conference. Through his commitment to estate planning and to expanding his professional colleagues’ knowledge, Tom is an inspiration to all CPAs.”

                The AICPA announced the scholarship at its 2010 Advanced Estate Planning Conference, which began today and runs through Wednesday at the J.W. Marriott in Washington, D.C. More than 400 CPA financial planners, attorneys and insurance agents are attending sessions on such topics as succession planning for closely held businesses, estate planning in a low-interest rate environment, and compliance and tax issues related to estates and gifts. In addition to serving as chair, on Sunday Austin led a pre-conference workshop on the fundamentals of estate planning.

                Austin, 83, specializes in estate and personal financial planning. He serves as a consultant to CPA firms, law firms and other professional organizations. He worked for Ernst & Young for 38 years prior to establishing his consultancy practice.

                Austin holds a bachelor of science from Miami University, an MBA from the University of Michigan and a Master of Science in Financial Services from The American College. He is current president of the Cleveland Society of Estate Analysts and a past president of the Michigan Association of Certified Public Accountants and the Financial and Estate Planning Councils of Detroit and Cleveland.

                He has served on the board of trustees of various civic and Episcopal institutions in Cleveland.

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