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Victor L. Bernard Memorial Award Endowment

Victor L. Bernard (12/31/52 - 11/14/95 )

Award Recipients

The fund honoring Victor L. Bernard will be established at the University of Illinois at Urbana/Champaign. The fund will be used by the Head of the Department of Accountancy to support promising students in the University of Illinois' Accounting Ph.D. program. A Ph.D. student will be selected annually by a faculty committee from the University of Illinois at Urbana/Champaign as appointed by the Head of the Department of Accountancy. The selected student will be designated as the Victor Bernard Memorial Scholar for the following academic year. Vic was noted for his devotion to academic accounting and doctoral education, so it is fitting that this fund be established at the University of Illinois and awarded to a doctoral student.

Victor L. Bernard started his distinguished accounting career by earning his BS in Business Administration from Ohio State University in 1975. He then earned his MAS and Ph.D. degrees from the University of lllinois Urbana/Champaign in 1976 and 1982 respectively. Vic began teaching at Illinois Wesleyan University as an instructor from 1976-1977. Then he worked for Arthur Young and Company as an auditor in 1975, 1977-1978. He returned to the University of Illinois as a lecturer in 1982 and then he taught at the University of Michigan as an Assistant Professor from 1982-1986. He was a Visiting Professor at the University of Chicago from 1985-1986. He taught at the University of Michigan as an Associate Professor from 1986-1988. Vic was the Marvin Bower Visiting Fellow at Harvard University in 1990-1991. He returned to the University of Michigan as a full Professor from 1988 until his untimely death.

Vic has received many honors and awards during his extraordinary career. He received the 1994 Teaching Leadership Award from the Michigan Business School. In 1991 and 1993 he received the AAA/AICPA Notable Contribution to the Accounting Literature Award. He was also an invited nominator for the Alfred Nobel Prize for Economics and was named Alumnus of the Year in 1989 by the University of Illinois, Department of Accountancy, to name a few of his many awards.

Vic was also very active in working with professional associations as associate editor, editorial board member and ad hoc referee. He was associate editor of The Accounting Review (1989-1993), Journal of Accounting and Economics (1988-1995) and the Review of Accounting Regulation (1993-1995). He was also on the editorial board of The Accounting Review (1986-1995), Review of Accounting Studies (1994-1995) and the Journal of Accounting Research (1994-1995). In addition to Vic's many publications, he testified before the Senate subcommittee on Antitrust, Monopolies and Business Rights in 1990. He also testified for the US House of Representatives Committee on Banking, Finance and Urban Affairs on the resolution of savings and loan cases in 1988. Some of the Public Services Vic has contributed to are: the AICPA "Breakthrough Model Task force" (organizer, advisor and staff member, 1992 1994); AICPA Subcommittee (to "The Jenkins Committee") on New Models for Financial Reporting (advisor, 1992 - 1993); Congressional Testimony: House Committee on Banking and Urban Affairs, September 14, 1990 and the Senate Staff Briefing: Senate Banking committee, March 7, 1989.

The Committee

The proposal outlining the fund raising campaign was designed to establish an award at the University of lllinois Urbana/Champaign to honor Victor L. Bernard. The organizing committee will include graduates and friends of the University of Illinois Department of accountancy. The purpose of the organizing committee will be to raise funds over an initial three year period to fund the award at the University of Illinois to honor Vic Bernard's accomplishments. At regular three year intervals, an organizing committee will be assembled to continue fund raising efforts. The Vic Bernard Memorial Scholars will be expected to join the organizing committee during the first three year period following graduation from the University of Illinois. The Chairperson of the organizing committee will be responsible for identifying committee members in the fall preceding the solicitation period.

Award Recipients

2006-07 Jonathon Grenier
2005-06 Ming Ou
2003-04 David Piercey
2002-03 Gary Hecht
2001-02 Josh Herbold
2000-01 Jon Perkins
1999-00 Catherine Shakespeare
1998-99 Gyung Paik
1997-98 Joseph Comprix


UIUC College of Business Department of Accountancy