In addition to the current campaign ‘Accountancy, something for you?’, a campaign called Auditing the Future is organized each year. In 2024 it will take place on the 14th March at the NBA Head Office in Hoofddorp. This accountancy challenge is a follow-up on the NBA Impact Challenge and focuses on second and third-year undergraduate students in financial-economical study disciplines. The Dutch universities that provide a master's degree in Accountancy, compete in teams of six students against each other for the title “Auditors of the Future”. The goal of this challenge is to let students experience how diverse the activities are in the auditing practice. During this one-day event, the teams work on topics such as data analysis, how to deal with executive members, and ESG. The results of the case are presented to a judging panel of distinguished accountants. Besides this difficult challenge, Auditing the Future is the ideal opportunity to present yourself as a professional. Moreover, there are plenty of opportunities to meet and network with individuals from the professional work field.
On the 14th of March, the following universities competed against each other for the title of “Auditors of the Future”.
Nadine and Babette founded Beans by Bruno, a sustainable coffee brand, in collaboration with a local Brazilian coffee farmer, Bruno. The company expanded into the B2B market during the COVID-19 pandemic, which led to a separation of the B2B and B2C branches. A new board was appointed for the B2B branch and they require financial guidance regarding their plans for the future.Read more
Nadine and Babette founded Beans by Bruno, a sustainable coffee brand, in 2018 in collaboration with a local Brazilian coffee farmer, Bruno. The company initially focused on the B2C market by selling coffee beans to customers but expanded into the B2B market during the COVID-19 pandemic. They launched a successful campaign aimed at companies providing coffee packages to employees working from home. The success of this campaign led to the separation of the B2B and B2C branches, with a new board of directors leading the B2B branch, now known as Beans by Bruno Corporate. The board had determined that the company wanted to expand its target audience internationally in the first quarter of 2022.
Bruno, the Brazilian farmer, was thrilled about the expansion and took great pride in operating it sustainably. However, the new board needs financial guidance regarding the future of these plans, they need a team of auditors to advise them in multiple areas. Without them, they await a worrisome future.
The teams were presented with multiple challenging cases that required their advice. In phase 1, the students were tested on how to handle friction between the board and the owners of Beans by Bruno and how they dealt with the authority perspective that arised. Phase 2 was focused on outside threats that questioned the operations of Beans by Bruno. The board asked the teams for advice on how to cope with these external threats and ensure the credibility of Beans by Bruno. In the last phase, the teams were tested on their analytical skills as they were provided a dataset on which they were asked to perform a collectability analysis. Based on this analysis they had to provide the board with an overview on the outstanding invoices.
The challenges were concluded with a Q&A with the judging panel. Every team was critically questioned on the spot regarding their provided answers. Based on the answers to the cases and in the Q&A the jury chose a winning team.
1st place: Vrije Universiteit Amsterdam
2nd place: Nyenrode Business University
The winners were awarded with great prizes. Congratulations!
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