Diversity 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.

 

 

 

 

 

 

 

 

 


 

Katty Kay on Womenomics: Women in the Workplace

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.

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The Extraordinary Possibilities of the Accounting Profession

Richard-caturanoI 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.

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In the News: Pathways Commission Releases Report on Future of Accounting Education

Pathways CommissionBoth 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.

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3 Tips for Opening the Doors to Future Leaders

Women in the workplace

As we celebrate National Women’s History Month, CPAs can take pride in knowing that women have maintained a solid foothold in the profession since the early 1980s. Not only that, women have represented half of all accounting undergraduate and graduate students since the early 1990s. Men and women share credit for opening the doors of the profession to ensure that all top talent can enter and thrive. However, there is one place where the numbers are still skewed male: at the partner level in CPA firms. One goal of the AICPA Women’s Initiatives Executive Committee is to call attention to this issue and offer solutions to firms and professionals on why and how to drive change.

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February is Black History Month

Each year during February, children across the U.S. are taught that there was a time, in our not so distant past, when whole populations of Americans were excluded from enjoying basic human rights because of the color of their skin. Last year, three CPA Legends, Nathan Garrett, Sr., Aurora Rubin and Jim White were asked to speak about their life experiences as CPAs and the challenges, triumphs and changes that have occurred in accounting. What is their common experience? They were among very few CPAs of color at the time they entered the profession.

Nathan Garrett

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In the News: AICPA Provides Minority Accounting Scholarships, IFRS Decision Delayed

Theresa YeboahDeanna White of AccountingWEB recently spoke to Theresa Yeboah, a Georgia State University student who was awarded the scholarship three consecutive years, about the impact the AICPA’s Minority Accounting Scholarship has had on her education, as well as her plans for the future. "I have benefited tremendously from the scholarship," said Yeboah. "The scholarship helped me to pay for school and my expenses so I did not have to work so much and could focus my attention on my studies and activities, like Beta Alpha Psi. It gave me more time to devote to my dream of becoming a CPA."  This fall, Yeboah was one of 78accounting students from 36 states across the country awarded the AICPA Scholarship for Minority Students. Recipients are selected based on academic achievement, a demonstration of leadership and volunteerism, and an overall commitment to becoming a CPA. The 2012-13 Minority Scholarship application deadline is April 1, 2012.

 

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In the News: Accountant Named a Top Career for Women

Professional female CPAMore Magazine named ‘accountant’ as one of the top ten careers for women who wish to balance a career and a personal life. “Younger people are saying, ‘Yes, I want to telecommute or take a two-year sabbatical and come back where I left off’—and providing these options is helping employers attract and retain talent,” says Mary Bennett, a member of the AICPA. Beyond the possibility of work/life balance, the article noted that the CPA credential also provides the flexibility to work in a field you're passionate about and move among a wide range of industries, since businesses in all sectors need accountants.

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Diverse Faces Reflected in Your Organization’s Future

Group of successful accountants CPAThe year is 2020. The global economy has rebounded, the U.S. is celebrating less than five percent unemployment and the CPA profession is experiencing record growth. Your organization is doing particularly well and what’s more, your staff, senior leadership and partners’ ability to connect with a diverse clientele is the talk of the profession. Clients include a biotech start-up seeking to cure spinal cord injuries; a women-owned IT consulting company; a Kenya-based manufacturing firm; a law firm specializing in same-sex marriage and estate planning issues; and a car dealership owned by a Native American father/son team.

What led you to the success you’re experiencing? You cultivated your diverse team of talented staff using inclusive leadership. But, what is inclusive leadership?

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