University of Toronto Scarborough students win CA$H

Place first in CA Institute competition

Toronto, Ontario (January 15, 2007) - Three University of Toronto Scarborough business students came in first in this year's edition of the Battle for CA$H. The Institute of Chartered Accountants of Ontario held its annual competition on January 13 to give teams of university students considering a career as a Chartered Accountant the opportunity to compete, have fun and earn some cash prizes.

The 2007 CA$H winners are:

1st Place - University of Toronto - Scarborough, represented by Vishal Baloria, Rose Fitzsimon and Matthew Cheng, who win $3,000 plus an additional $1,000 for their school's accounting club
2nd place - Nipissing University, represented by Joel Ahrens, Stephanie McGinnis and Justin Chartrand, who win $1,500
3rd place - Queen's University, represented by Christine Leon, Chessa Jope and Peter Berry, who win $750
4th place - University of Windsor, represented by Daniele Palazzolo, Jay Loebach and Rajiv Shah, who win $300
5th place - University of Toronto - St. George, represented by Minh Luong, Mulhim Khan and Alex Kwong, who win $300
6th place - University of Waterloo, represented by Mike Cheung, Kristin Hrycko and Irvin Choo, who win $300

To win, the three-person student teams took part in a friendly competition stressing the use of Chartered Accounting skills such as teamwork, leadership, organizational ability and time management. Thirty-three teams from 20 schools were run through a skill-testing simulation designed by Eagles Flight to test the participants' ability to think on their feet and problem solve.

"The competition was excellent this year and all of the students worked hard and showed off their skills," said Jon French, Senior Liaison, Career Information at the Institute. "Everyone had a great time and, even if they didn't win, we like to think CA$H gave participating students another opportunity to consider becoming a Chartered Accountant, a decision that would certainly make them a sure winner in the long run."

Other campuses taking part in the competition included:

Brock University
Lakehead University
McMaster University
University of Ontario Institute of Technology (UOIT)
Ryerson University
University of Guelph-Humber
University of Ottawa
University of Toronto - Mississauga Campus
University of Toronto - Mississauga Campus: Masters of Management and Professional Accounting
University of Western Ontario - Bachelor of Administrative Commercial Studies
University of Western Ontario - Richard Ivey School of Business
Wilfrid Laurier University
York University - Atkinson College
York University - Schulich School of Business

About the Institute of Chartered Accountants of Ontario:
The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 32,000 CAs and 4,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's high standards of qualification and the enforcement of its rules of professional conduct. Recognized internationally, the CA designation denotes financial expertise, strategic thinking, business insight and leadership. The Institute website is: www.icao.on.ca and the student website is www.ca2b.biz.

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To contact participants or obtain photos of the winners, please contact:

Perry Jensen
Director of Media Relations
[T] 416-969-4271
[F] 416-962-8900