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In the News: AICPA Conference Focuses on Developing Female Leaders

Leadership-compassA recent AccountingWEB article by Deanna White highlighted the steps the AICPA is taking to develop more female leaders in the accounting profession.

"If you look at people coming up in the ranks over the last thirty years, 50 percent of the people in the profession are women but only 19 percent of leadership in the accounting and finance professions right now is female," says Mary L. Bennett, chair of the AICPA Women's Initiatives Executive Committee and founder of MLBennett Consulting LLC.

Bennett said that there is a perception that more female leadership in the accounting profession is an issue that will take care of itself - but that's not the case.

“We still need to invest in this issue. We still need to make a more substantial effort to ensure women are achieving top leadership roles,” Bennett said.

As part of that effort, the AICPA will be hosting the Women's Global Leadership Summit. The Summit, held October 24 and October 25 in Washington D.C., will attempt to close the gap in women's leadership by offering both aspiring and established women leaders access to role models and solid skill building workshops.

The Summit is designed to help participants develop critical business skills, receive key updates on issues affecting women and the workplace, build important professional networks, and support diversity in the office and the boardroom.

"One of the most essential elements in leadership development is access to new ideas and learning opportunities combined with strong role models," Bennett said. "This conference gives participants both."

Attendees will be able to gain insights and learn best practices from women in the finance, government, not-for-profit, and academic arenas. The sessions are international in scope, with speakers and organizations representing global perspectives.

Yasmine El-Ramly, project manager, PCPS, for the AICPA, said the Summit will also give women the opportunity to glean inspiration directly from women who have achieved success in their fields.

"This conference gives specific career navigation information to women,” El-Ramly said. "It is a great opportunity to meet female role models, learn from others, and share lessons learned."

The AICPA's 2013 Women's Global Leadership Summit is co-sponsored by the American Woman's Society of Certified Public Accountants and CPA Canada.

A live webcast option will be available for those who can't attend in person.

Additional resources for women in the profession are available on the AICPA website.

CPA Exam Content Update

A recent Accounting Today article noted that, starting next year older auditing standards will no longer be tested on the Uniform CPA Examination.

The clarified U.S. Auditing Standards, also known as the AU-Cs, issued by the AICPA’s Auditing Standards Board in 2012, are effective for audits of financial statements for periods ending on or after Dec. 15, 2012. These clarified standards became eligible for testing on the Uniform CPA Examination beginning in the third quarter of 2013. At present, the pre-clarified standards, otherwise known as the extant auditing standards, or AUs, remain in effect and are also eligible for testing on the Uniform CPA Examination, according to the AICPA.

Beginning in the first quarter of 2014, the extant standards will no longer be tested on the AUD section of the CPA Exam. The clarified U.S. Auditing Standards will remain eligible for testing, however.

Associated Press features David Walker

The accounting profession got a nice shout out in an Associated Press article profiling David Walker, former comptroller general and a Certified Public Accountant. The article noted that Walker, who runs the Comeback America Initiative, a nonprofit which raises awareness about the government's growing debt, wears a CPA pin. The pin was a presented to him when we has honored with the AICPA’s Gold Medal for Distinguished Service in 2008.

, AICPA Staff.

Leadership compass image via Shutterstock

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