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Maryland CPA Facts
Welcome to the CPA Profession! Congratulations New CPAs!
We believe in CPAs! Period. And we believe in you!
Congratulations!
“Let your future be lit with the knowledge of the past.”
- Sakichi Toyoda, Founder, Toyoda
Automatic Loom Works, predecessor to Toyota Motor Company
Gail H. Bates has been a member of the Maryland House of Delegates since February 4, 2002. Currently, Delegate Bates sits on the Appropriations Committee
and the Public Safety & Administration Sub-Committee. In addition, she is a member of the Joint Committee on Children, Youth & Families, as well as the Special Joint
Committee on Pensions
Welcome Senator Gail Bates, CPA
Michael Vorgetts joined the Division of Occupational and Professional Licensing
in August 2012 to serve as Deputy Commissioner after four years with the
Maryland Department of Legislative Services. He currently serves as the
Acting Commissioner.
Welcome Michael T. Vorgetts, Acting Commissioner
Maryland CPA Facts
Maryland State Board of Public Accountants���Elizabeth S. Gantnier, CPA, Chair, Industry Member (Frederick County)���Mac N. Claxton, CPA, Industry Member (Prince George's County) Ross S. Ehudin, Consumer Member (Baltimore City) Arthur E. Flach, CPA, Industry Member (Howard County) Phillip J. Korb, CPA, Education Member (Baltimore County) Clifton B. Jeter, CPA, Industry Member (Montgomery County) Naomi B. Powell, Consumer Member (Prince George's County)���Dennis L. Gring, Executive Director Linda Rhew, Administrative Officer
Source: Newseum in Washington DC
Maryland CPA Facts Associations have their roots in the First Amendment of the US Constitution that allowed for :
• freedom of speech • to peaceably assemble • to petition the Government
for a redress of grievances
Maryland CPA Facts
• Two Marylanders are credited with the forma8on of the CPA Profession in the United States:
• Edward C. Cockey as the first president of the AICPA and Henry Harney as the source of the concept of a Cer8fied Public Accountant.
• Source : MACPA History Book
A profession has three major aGributes 1. A dis8nct and evolving body of knowledge 2. A commitment to the public interest – licensed by
the government 3. A code of conduct and ethics
Maryland CPA Facts
Maryland CPA Facts The CPA Examina8on
• The 1900 Exam 1. Prac8cal Accoun8ng 2. Theory of Accounts 3. Audi8ng 4. Commercial Law 5. Commercial
Arithme8c
• The 2014 Exam 1. Audi8ng & AGesta8on (AUD)
2. Business Environment Concepts (BEC)
3. Financial Accoun8ng & Repor8ng (FAR)
4. Regula8on (REG)
• Maryland was the third state in the U.S. to recognize the public interest of accoun8ng and financial repor8ng by enac8ng a law that established and regulated the prac8ce of the profession of PUBLIC ACCOUNTANT.
• On April 10, 1900, Governor John Smith signed into law Chapter 719 establishing the (Cer8fied) Public Accoun8ng designa8on
Maryland CPA Facts
Maryland CPA Facts
The Maryland Associa8on of CPAs, Inc. was established on February 12, 1901 for the purpose of uni8ng CPAs across Maryland and enabling them to conform to the high standards of the CPA profession.
Maryland CPA Facts
• We updated our mission and purpose in 2000 (and logo in 2011) to reflect the changing world of the CPA Profession and our Associa8on.
Maryland CPA Facts
We will help CPAs compete and thrive in a rapidly changing environment by: • Connec8ng them to their profession, each other, and
the business community. • Protec8ng and promo8ng the CPA license and brand. • Achieving career success through technical excellence,
thought leadership, best-‐in-‐class professional development, and being their trusted filter for informa8on.
“From then on, they are no longer isolated men, but a power one sees from a far, whose actions serve as an example; a power that
speaks, and to which one listens.” – Alexis de Tocqueville
Maryland CPA Facts Associations were a “uniquely American institution” first observed by the French political philosopher in
1835 when he noted:
Nowhere is this more evident than in our advocacy efforts at the State Board of Public Accountancy and in Annapolis for
our Legislature…
CPAs in record attendance at CPA Day in Annapolis
CPA Day in Annapolis January 29, 2015
Maryland CPA Facts Maryland was one of the first states to enact a law requiring mandatory Continuing Professional Education (CPE), recognizing the public interest of CPAs keeping up with changes in standards and law. This has turned into a core value of lifelong learning for CPAs.
And con8nues to be modernized to meet the demands of the Profession and the changing world we live in…
Maryland Senate & House passes bill
A Bill SB 128 From State Board
Law Maryland Governor signs into law
Maryland State Board of Public Accountancy
Clarify thru regulations And enforce the law
1040 fast track
Maryland CPA Facts • In 1924, Maryland was the first state to
enact a law restric8ng the prac8ce of public accountancy to licensed CPAs and recognizing the important role CPAs would play in the growing commerce and industrial sectors of the Maryland economy.
• This would resurface with the advent of Accoun8ng & Review services in a 1981 AGorney General Opinion allowing non-‐CPAs to offer reviews and compila8ons in the State of Maryland, only to be reversed by legisla8on sponsored by MACPA & the State Board in 2010 rever8ng back to the original intent of the 1924 law.
More than 100 MACPA members call our senators and we defeat the amendment!
Maryland CPA Facts
Maryland CPA Facts “A large field for the ladies”
MACPA was one of the first organizations to recognize
the importance of women in the CPA profession with the admittance in 1909 of two members, Elsa Doetsch and
Florence Hooper. The Maryland BAR would
not admit women until 1946
Source: MACPA History Book
MACPA’s CEO is on the 2014 List of the
Top 100 Most Influential People in
the Accounting Profession by
Accounting Today Magazine. It is Tom’s 10th year on the list.
Maryland CPA Facts Maryland continues to be a leader in the CPA
Profession and recognized as an innovator.
Maryland CPA Facts
MACPA members have a competitive edge with 24 hours of free CPE and the
best learning resources in the CPA Profession
Maryland CPA Facts MACPA can help you maximize your career trajectory
through our Business Learning Institute’s leadership training.
http://cpa.tc/thebounce
Maryland CPA Facts • “Associa8on members earn higher salaries, like their jobs more, and are happier people, on average, than those that do not join associa8ons.”
-‐ Where the Winners Meet: Why Happier, More Successful People Gravitate Toward Associa8ons Study by William E. Smith
Association by Seth Godin Who you hang out with determines what
you dream about and what you collide with. And the collisions and the dreams lead to
your changes. And the changes are what you become. Change the outcome by changing your
circle.
www.macpa.org The Maryland Association of CPAs
Welcome to the CPA Profession! Congratulations New CPAs!