It seems like only a short time ago that I was beginning a very exciting year as AICPA Chair of the Board of Directors. I’m amazed at how quickly time has passed, and at how much has occurred in the business world during the past 12 months.
My year began with an unforgettable visit to Rome for the World Congress of Accountants (WCOA) last November. The Imperial Sponsor of the event was the Chartered Global Management Accountant (CGMA) designation, a joint effort of the AICPA and the Chartered Institute of Management Accountants (CIMA). WCOA gave me an opportunity to represent the profession, position the AICPA as a global thought leader, and discuss accounting issues with leaders from around the world. The pasta was pretty good, too.
Continue reading "Maintaining Relevance in a Transformative Time" »
In my eight months as chair of the AICPA Board of Directors, I’ve done a lot of travel and gained perspective on the size of our country and our planet. But beyond that, I’ve learned how business is becoming much more interconnected and how CPAs fit into a broader business ecosystem made up of other professions, clients and stakeholders. A recent trip to the other side of the world showed me just how connected our profession really is and made me optimistic about its prospects for the future.
After traveling to the World Congress of Accountants in November and countless domestic trips since, I found myself back aboard an airplane in February for a whirlwind journey to Sydney, Australia and Auckland, New Zealand, for meetings with CPA Australia and the Chartered Accountants Australia/New Zealand, respectively.
Continue reading "The Modern CPA Profession: Connected and Comparable" »
I am excited to write to you as the new chair of the AICPA Board of Directors. I hope to meet many of you at the numerous conferences, state society meetings and firm visits that I have lined up between now and next October. The Chair’s Letter also is a great forum to discuss common experiences and important developments. Throughout the year, I will share my thoughts on key trends and emerging professional issues. I hope you’ll share your comments with me and our fellow CPAs so we can have a robust dialogue.
Let me begin by telling you a little about myself. I grew up in the tiny town of West Liberty, Kentucky, home to about 2,000 people and two stoplights. I was raised on small-town values that remain with me today. These values – hard work, integrity, community and commitment – first attracted me to the accounting profession, and now they will shape my stewardship as AICPA Chair.
Continue reading "Strengthening the Profession’s Core with Relevance, Rigor and Reach" »
Talented professionals — and the knowledge, passion and dedication they bring to the job — are the lifeblood of any CPA firm or corporate accounting team. For that reason, the AICPA proactively promotes the many benefits of the CPA profession and provides firms and companies with tools that will enhance their recruitment and retention efforts. While interest in the profession is strong, work still needs to be done in some areas, including the recruitment and retention of women and minorities. Although 44% of the accounting profession is female, only 19% of CPA firm partners are women, according to the AICPA’s 2013 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits study. At the same time, more than one-third of the U.S. population belongs to a minority group, but minorities make up only 10% of the accounting profession. Yet a diverse workforce ensures we have the brightest professionals from the deepest possible talent pool and that we benefit from connections and perspectives that could offer firms and organizations a tremendous competitive advantage.
Continue reading "The Benefits of Being a Trailblazer in Accounting" »