Diversity and Inclusion in the CPA Profession Feed

Diverse CPAs

More than 40 years ago, the AICPA recognized the need to support people of color within the CPA profession. The AICPA launched the Minority Initiatives Committee and began a minority accounting scholarship program. Among the many accomplishments during this time are: scholarships for minority accounting students, fellowships for minority doctoral students and the Accounting Scholars Leadership Workshop.

 

 

 

 

 

 

 

 

 


 

The one business mentality all CPAs need

Global mindsetDr. Alia Crum famously says in her Ted Talks, “Change your mindset, change the game.” This philosophy is especially true in how we relate to one another. In today’s evolving marketplace, being a successful businessperson requires the ability to work and engage with people from all over the world and from many different cultures.

Understanding the global mindset

The global mindset is “the ability to relate to and influence individuals and groups whose culture and way of doing business are different from your own.” It’s necessary for anyone who wants to “change their game” and thrive in today’s business environment.

But incorporating this perspective means more than just changing the way you think. It means filling your mind with information that will help you behave in a more culturally sensitive way, making you more effective in both business and community. The global mindset’s three capitals were developed by Thunderbird University, and include:

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9 Facts That Can Make or Break Your Firm’s Future

Grow your practiceThe rules of engagement for business are changing. Today’s world is complex, evolving, extremely high-tech, and fast. Whether you’re a small, one-person shop or a partner at a large or global firm, you’re probably aware that your most valuable current (and potential) clients are unwittingly converting business as we knew it into business-on-the-fly. And they’re bringing new methods that can also prove beneficial to the CPA.

Our societal landscape is significantly different than it was just a decade ago. There are new faces, new modes of interacting, and technology has inarguably and almost completely taken over. Is there a way to sustain and strengthen your practice in this ever-evolving world? Absolutely. In fact, now is an incredibly opportune time for your firm, especially considering the statistics.

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11 Things to Know About Gen Z Workers

Gen ZJust when you thought you were beginning to understand Millennials, it’s time to prepare for Gen Z to enter the workforce and they’re very different from their predecessors. Born between 1994-2010, this generation is known by many names—Post-Millennials, iGeneration, Founders, Plurals, Homeland Generation and Gen Z. Just like the generations before them, the characteristics of Gen Z are shaped by parenting trends, historical events and technology.

Gen Z are the children of Gen X, a cohort that was thought to be skeptical and perhaps even cynical in their youth as they came of age post-Watergate and post-Vietnam. Yet, Gen X has grown up to be balanced and healthy despite facing the strains of the Great Recession of 2008. As parents, Gen X have been concerned about raising their children in a safe environment, which has led Gen Z to be more cautious than previous generations. Other major influences shaping their development and world views include the Great Recession, the War on Terror, the first African American president and the legalization of gay marriage. But, probably the most significant factor is the advent of the smartphone.

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The One Personality Trait All CPAs Share

Patrick Lee medalsAs Asian American and Pacific Islander Heritage Month comes to a close, we share the story of one CPA, his remarkable achievements and the traits that were instilled in him growing up in a Chinese-American household. 

In my five years working closely with CPAs of diverse backgrounds, I am increasingly seeing one very consistent trait all CPAs seem to share, no matter what their background: drive. I know CPAs who have faced frustrating, even heartbreaking obstacles in pursuit of their credential. Even through the obstacles those same CPAs also strive for excellence in every aspect of their lives. 

That certainly seems to be the case with Patrick B. Lee, CPA. It’s not something he can shut off. Whether he’s teaching or running a marathon, he always seems to be devising new strategies to do things better and faster.

As someone whose instinct tells him to analyze and problem-solve, Lee, an assistant professor of accounting at Southwestern College in Winfield, Kansas, finds that drive creeping into all areas of his life.

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7 Ways to Improve Workforce Diversity

Shutterstock_241967758Do leaders of your organization put an emphasis on recruiting and retaining diverse talent? If the answer to that question is yes, then you are off to a good start. However, if your employer does not look to hire both entry-level staff and c-suite leaders of diverse backgrounds (including gender, age, ethnicity etc.), you may want to reconsider your strategy. Employing diverse individuals throughout the ranks of your organization is important. Diverse leaders in the c-suite provide unique perspectives and serve as role models for younger diverse staff. These leaders encourage a highly engaged workforce capable of effectively doing business in diverse and multicultural markets. Additionally, younger, less experienced staff members of diverse backgrounds are also crucial to an organization’s success. These individuals have opportunities to grow with your organization and fill the talent pipeline.   

Last spring, the AICPA answered the call for more workforce diversity education by conducting its first webcast series entitled “Unconscious Bias” which attracted over 3000 attendees. The conversations continued with the “Workplace Diversity” webcast series this past fall and the “Attracting and Recruiting Diverse Talent”, “Retaining and Advancing Diverse Talent”, and “How to Effectively Coach, Mentor, and Sponsor Diverse Talent” workshops this spring. Archives of these webcasts can be found here. Outlined below are seven workforce diversity best practices.

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