In 2017, OSU entered into an agreement with the American Accounting Association to transfer the authority to host the Hall of Fame to the AAA.
The Accounting Hall of Fame Committee convenes the electors and administers the process to make the selections.
The induction of the 2024 members took place at the AAA Annual Meeting in Washington, DC.
The Hall of Fame describes: "While selection to the Hall of Fame is intended to honor the people so chosen, it is also intended to be a recognition of distinguished service contributions to the progress of accounting in any of its various fields.
"[6] In a keynote speech at the 50th anniversary of the Hall of Fame, hosted by The Ohio State University and The Academy of Accounting Historians, Lynn Turner, then chief accountant of the United States Securities and Exchange Commission (Washington D.C.), noted the influence of George O.
Englishman Sir Arthur Lowes Dickinson was one of the earliest inductees, honored in 1951 for establishing principles of consolidated accounting for conglomerate companies such as U.S. Steel while he was senior partner of Price-Waterhouse in the U.S. during 1901 to 1913.