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.
In my final live blog from the Women's Global Leadership Summit in Washington, D.C., we look at the business of women’s initiatives and the importance of linking your efforts to strategic imperatives for alignment and buy-in. Panelists for this session, "Finding the Right Balance: A Business Case for Women in Your Organization," include:
- Michael Bach, CCDP/AP, founder and CEO, Canadian Institute of Diversity
and Inclusion, Canada
- Mary Bennett, MBA, CIA, CEC, chair of AICPA Women’s Initiatives Executive Committee,
founder, MLBennett Consulting LLC, Asheville, NC
- Todd R. Mitchell, CPA, CGMA, CEO Solutions LLC, Greer, SC
Mary Bennett is an expert in helping the
accounting industry build business-focused initiatives relative to retaining and developing
women. She has helped hundreds of firms in the U.S. and Canada to understand their
business reasons for investing in these efforts. Male and female partners and managers in
these firms come to understand the myths and misperceptions about “women’s initiatives.”
They begin to understand where the real business risks are and what their specific scenario
indicates in terms of strategy application. (Email subscribers can read the live blog on our website.)
Continue reading "A Business Case for Women in Your Organization" »
Kicking off day two of the Women's Global Leadership Summit in Washington, D.C. is Edie Weiner, president of Weiner, Edrich, Brown Inc. The global economy is fundamentally changing and, with it, much of what we have learned
about the world we live in. It is difficult to escape from the mental anchors that hold us at
bay in yesterday’s world, yet as professionals, women and potential leaders, we have to
work on changing our perspectives and becoming engaged in the new opportunities and
challenges we face. Join me as I live blog today's keynote session as our resistance to change is exposed and we open up
to the world of change that is emerging. (Email subscribers can read the live blog on our website.)
Continue reading "Engage in New Opportunities and Challenges" »
Katty Kay, Lead Anchor, BBC World News America, and co-author of Womenomics: The Workplace Revolution That Will Change Your Life, is the keynote speaker for day one of the Women's Global Leadership Summit taking place Oct. 24 to 25 in Washington, D.C. I am live blogging from her keynote session, "Womenomics: A New Path to Business Success." (Email subscribers can read the live blog on our website.)
At the 2013 World Economic Forum in Davos, International Monetary Fund Chief Christine
Lagarde called the advancement of women the greatest economic opportunity of our time.
She is recognizing what Kay calls “womenomics” — the extraordinary value
of women in the workforce. Global studies show that companies that employ more senior
women make more money. They have more degrees and are ideally suited to the
demands of our talent-driven economy. But to keep them in the economy, the workplace
must adapt to their needs. Too many women in their mid-30s hit the brick wall of kids vs.
career. But we cannot afford to keep losing them. Kay marshals evidence from employers
large and small to show how possible it is to satisfy the demands of family and career.
Flexible work schedules prove to be a win-win; when companies take the clocks off the
wall and choose to measure output instead of input, they see productivity rise by an average
of 40%. What starts as talent retention becomes a profit bonus any company would be
happy to have. She gives an inspirational boost to women and a practical guide to
employers, drawing on her own juggles as the working mother of four children. This
presentation provides research- and experience-based advice to companies looking to
retain and recruit valuable female employees.
Continue reading "Katty Kay on Womenomics: Women in the Workplace" »
I was a kid from a
blue-collar immigrant background, growing up in a neighborhood where most adults
cobbled together a living from two or three jobs. When I turned 12, our
community got its first CPA resident. That’s when I learned what a CPA was, and
that it could lead to a better life. Thanks to the CPA profession, I grew up to
be able to live the great American Dream.
I am honored and
excited to write to you as the new
AICPA Chairman of the Board of Directors. I believe the CPA
profession is full of even more promise today than it was when I first started
my career. For those with determination, adaptability and persistence, the
profession offers extraordinary possibilities. I’ve learned the key to
achieving that success: embracing change and seeing the opportunities in it.
Continue reading "The Extraordinary Possibilities of the Accounting Profession" »
Both Accounting Today and Inside Higher Education covered the release of a new report from the Pathways Commission on Accounting Higher Education. The Commission, put into place in 2010 and co-sponsored the by the AICPA and the AAA, was tasked with studying the future structure of higher education related to accounting and developing recommendations to engage and maintain the strongest possible academic community in accounting. Their report summarizes two years of collective effort by more than 50 individuals representing a diverse array of stakeholders in the accounting profession.
The report presents seven main recommendations and provides ideas on implementation efforts. The recommendations range from attracting a more diverse population of students to the profession to reforming accounting education so that teaching is respected and rewarded. Additionally, the commission recommended establishing an implementation process to address their suggestions by creating a continuous, sustainable process.
Continue reading "In the News: Pathways Commission Releases Report on Future of Accounting Education" »