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Sacred Heart Master’s Graduate Wins NACVA Scholarship

Award assists accounting graduates who aim to be CPAs or CVAs

Phillip and Rosyln DeCaprio with recipient Vincent Santucci, center.

Sacred Heart University master’s graduate Vincent Santucci has earned a scholarship from the Connecticut chapter of the National Association of Certified Valuators and Analysts (NACVA).

The Connecticut chapter of NACVA established the scholarship fund to assist accounting students who want to become certified public accountants (CPAs) and certified valuation analysts (CVAs). These two professions are related but perform distinct functions: CPAs provide financial audit and tax services, while CVAs determine the value of a business based on its assets, income, cash flow and similar factors.

The scholarship gives graduates access to a network of professionals in the valuation field, with the goal of having recipients join and expand the chapter. It is awarded to master’s of accounting students who “demonstrate dedication both academically and professionally in analytical work and in particular valuations,” according to SHU’s Office of University Advancement.

Santucci, 23, earned his master’s degree in accounting/valuation from SHU in August. He completed his undergraduate studies at SHU in May 2017.

“Receiving the scholarship was an honor,” said Santucci. “It meant a great deal to me, considering all the hard work I have put forth to this point. Professor (Danny) Pannese and those at NACVA who contributed to the master’s-in-accounting program are fantastic mentors for aspiring professionals, and I am very thankful to have had their help.”

Pannese, associate professor in SHU’s accounting and information systems department, is one of the earliest members of NACVA in Connecticut. He explained that students work on a semester-long project as a part of their course of study. “These projects are then judged by two practitioners and two academicians, based on content and their presentation skills. The NACVA scholarships are given to students whose work proves to be especially outstanding,” Pannese said.

Santucci is currently working full-time at Blum Shapiro and studying for his CPA Exam.