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Welcome to the CPA Profession!	

 Congratulations New CPAs!	

          November 1, 2012	

          BWI Hilton Hotel	

         The Maryland Association of CPAs
                                www.macpa.org
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
Maryland CPA Facts
                   	





Tonight marks the fifth year of our official
  swearing-in ceremony developed in
     cooperation with the Maryland
   Department of Labor Licensing &
               Regulation
Maryland CPA Facts
                       	

Welcome Secretary of the DLLR, Leonard Howie III	





                      On September 17, 2012,
                     Governor Martin O'Malley
                    named Leonard James Howie,
                       III as Secretary of the
                      Maryland Department of
                    Labor, Licensing & Regulation
                               (DLLR).
Maryland CPA Facts
                             	


Welcome Harry Loleas, Commissioner of Occupational &
  Professional Licensing who will administer the oath	

Pictured left to right – Dennis Gring, Ray Speciale & Harry Loleas
Maryland CPA Facts
                        	



Welcome Michael Vorgetts, Deputy Commissioner of
      Occupational & Professional Licensing	

                 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. In his capacity with
            Legislative Services, Michael conducted fiscal and
                policy analysis on issues related to DLLR
Maryland CPA Facts
                              	

Maryland State Board of Public Accountants
Chair - Thomas J. Tim Murphy, CPA, Industry Member (Prince
George's County)
Mac N. Claxton, CPA, Industry Member (Prince George's County)
Elizabeth S. Gantnier, CPA, Industry Member (Frederick County)
Clifton B. Jeter, CPA, Industry Member (Montgomery County)
Ella H. Pierce, Consumer Member (Baltimore City)
Naomi B. Powell, Consumer Member (Prince George's County)
Raymond C. Speciale, Esq., CPA, Education Member (Frederick
County)	

	

Dennis L. Gring, Executive Director
Linda Rhew, Administrative Officer
Maryland CPA Facts
                                	

   Maryland is
reporting record
#s of CPA Exam
candidates  CPE
  Exam passers	





 Source: Maryland State
    Board of Public
     Accountancy
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	

              	

                               Source: Newseum in Washington DC
Maryland CPA Facts
                 	

       Two Marylanders are credited with
            the formation 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 Certified Public
                   Accountant. 	

                        	

                Source : MACPA History Book
Maryland CPA Facts
                             	

   A profession has three major attributes
                                         	

1.  A distinct 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
              The CPA Examination    	

The 1900 Exam	

                   The 2012 Exam	

1.    Practical Accounting	

   1.  Auditing  Attestation
2.    Theory of Accounts	

         (AUD)	

3.    Auditing	

               2.  Business Environment
4.    Commercial Law	

             Concepts (BEC)	

5.    Commercial                3.  Financial Accounting 
      Arithmetic	

                 Reporting (FAR)	

                                4.  Regulation (REG)
Maryland CPA Facts	

Maryland was the third state in the U.S.
   to recognize the public interest of
 accounting and financial reporting by
  enacting a law that established and
regulated the practice of the profession
     of PUBLIC ACCOUNTANT.	

On April 10, 1900, Governor John Smith
signed into law Chapter 719 establishing
    the (Certified) Public Accounting
               designation
Maryland CPA Facts
                        	




 The Maryland Association of CPAs, Inc.
was established on February 12, 1901 for
  the purpose of uniting 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
                Association.
Maryland CPA Facts
                             	



   We will help CPAs compete and thrive in a
       rapidly changing environment by:	

•  Connecting them to their profession, each other, and the
   business community. 	

•  Protecting and promoting the CPA license and brand.	

•  Achieving career success through technical excellence,
   thought leadership, best-in-class professional
   development, and being their trusted filter for
   information.
Maryland CPA Facts
                             	

  Associations were a “uniquely American institution”
  first observed by the French political philosopher in
                 1835 when he noted: 	

 “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
CPAs in record attendance at CPA Day in Annapolis	





Nowhere is this more evident than in our advocacy efforts at
 the State Board of Public Accountancy and in Annapolis for
                     our Legislature…	

        CPA Day in Annapolis January 16, 2013
History	
  of	
  CPA	
  LegislaLon	
                                                                                   Interstate	
  Prac+
                                                                                                                                                                                              ce	
  	
  	
  
                                                                                                                                            A	
  passes	
  	
                               ntancy	
  Act	
  
 KEY                          In	
  the	
  	
  
                              Beginning...	
  
                                                                                                                         1993	
  MACP 	
  Acts	
  
                                                                                                                         MD	
  LLC	
  	
  L
                                                                                                                                             LP
                                                                                                                                                                          Uniform	
  Accou

                              	
                                        Rights	
  	
  Recogni+on	
  
GOALS/                   Max	
  Teichman,	
  
RESULTS                  Frank	
  Blacklock	
  	
                      • Privilege	
  of	
  Self-­‐
                                                                                                                                                  AG	
  opinion	
  of	
  1981   	
  
                         William	
  Rogers	
                            RegulaLon	
                                                            Grants	
  rights	
  to	
  non-­‐CPAs	
  
                                                                                                                                                                                                                  SB	
  560	
  Defeated
                                                                                                                                                                                                                Maryland	
  Corporate	
  
                                                                                                                                                                                                                                          	
  
                         	
                                             • Right	
  to	
  Sole	
  Control	
  over	
                               for	
  Reviews	
  	
  Comps.       	
                          Accountability	
  Act         	
  
                                                                        an	
  Area	
  of	
  PracLce	
                                                                                       MACPA	
  requests	
  
                                                                                                                                                                                                                               	
  
                                                                                                                                                                                      reversal	
  of	
  AG	
  Opinion	
                                                        HB	
  1296	
  
                                                                                                                                                                                      –	
  “This	
  is	
  not	
  an	
  audit”	
  
                                                                                                                                                                                             language	
  added           	
                                                    Mobility	
  
PROJECTS/                                                                                               stops                                                                                              	
  
                                                                                                                                                                                                           MACPA	
  wins	
  use	
  of	
                                         Passes  	
  
                                                                                                        PA                                                                                                “consultants”	
  in	
  firm	
                  Maryland	
  
STRATEGIES                                                                                        MAC     al
                                                                                                     sever to                                                                                       leBerhead	
  at	
  State	
  Board               	
  
                                                                                                         pts                                                                                                                                             Special	
  
                                                                                                    attem 1924
                                                                                                         d                                                                                                                                               Session	
  
                State	
  Board	
  of	
                                                              amen
                 Accountancy	
  
                                                                                                         law	

                                                                                                        AccounLng	
                     Oct	
  –	
  Nov	
  07	
  
                                                                                                                                                                                                                       Reform	
  task	
  
                   formed	
                                                 Maryland	
                                                                                                                                    Force	
  
                                                                                                                         bendn
                                                                                                                            gi
KEY EVENTS                                                                                                          CPAs                                                                                                addresses	
  
                                                                                                                                                                                                                                                             MACPA	
  	
  defeats	
  Sales	
  
                                                                         becomes	
  the	
  1st	
               Non- pts at 2                                                                                               SOX	
  
                                                                                                                attem license	

                                                                                                                                                                                                                                                               Tax	
  on	
  Services  	
  
                                                                         state	
  to	
  restrict	
                 Tier                            HB	
  1261	
  re-­‐writes	
                               State	
  Board	
  Hearing	
  
                                                                                                                                                    CPA	
  Law	
  -­‐	
  1986	
                              May	
  1,	
  2003	
   sses	
  	
  	
             Amended	
  	
  Corporate	
  
                                                                                                                                                                                                                                                                            	
  
                                                                         pracLce	
  for	
  CPAs     	
                                                                                                                        	
  pa hip	
  
                                                                                                                                                   MACPA	
  amendments	
  to	
                                             CPA       s                               Tax	
  ReporLng	
  	
  Bill
                                                                                                                                                                                                                                                                                               	
  
                                                                                                                                                                                                                 	
  MA Owner
                                                                                                                                                    ed	
  requirements	
  fail
                                                                                                                                                                             	
                              UAA CPA	
  
                                                                                                                                                                                                                                                                   MACPA	
  p	
  
                                                                                                                     tries                                                                                          -­‐
                                                                                                              MAC
                                                                                                                  PA      E                                                                                   non                                                             asses	
  new	
  
                                                                                                                   ss CP
PEOPLE                                                                                                        to pa 1974                                                                                                                                           simpler	
  CPA	
  exam	
  
                                                                                                                     n
                                                                                                               Bill i 975	

            MACPA	
  Forms	
  Task	
  Force	
  	
  and	
                                                                                 EducaLon	
  Rules   	
  
                                                                                                                  1                             surveys	
  members       	
                                                                                     s	
  
                                •	
  CPA	
  Bill	
  signed	
  April	
  10,	
  1900	
                                                           88%	
  Sub	
  Equivalency       	
                                                                  	
   A	
  win
                                                                                                                                                                                                                                                 ACP oard	
   	
  
                                                                                                                                                                                                                                               M
                                                                                                                                        76%	
  Peer	
  Review	
  	
  Safe	
  Harbor     	
                                                            e	
  B          er
                                •	
  MD	
  is	
  3rd	
  state	
  (NY	
  	
  PA)	
  
                                                                                                                                          68%	
  Non-­‐CPA	
  Ownership             	
              Terry	
  Hancock	
                          Stat alify	
  Pe E	
  
                                	
                                                                                                                                                                                                               To 	
  qu 	
  for	
  CP
                                                                                                                                                              	
                                    chairs	
  LegislaLve	
                                  iew
                                                                                                                Larry	
  Kamanitz	
                                                                                                               Rev t	
  
PRODUCTS/                                                                                                                                                   Dawson	
  Grove	
                       CommiBee	
               Allen	
  Deleon	
   credi
SERVICES/                       	
                                                                              chairs	
  LegislaLve	
  
SITES                                                                                                                                                       chairs	
  LegislaLve	
                                                                   chairs	
  LegislaLve	
  
                                                                                                                CommiBee	
  
                                                                                                                                                            CommiBee	
                                                                               CommiBee	
  
                                                                            	
  Bill	
                                                                          	
  Bill	
                          ils	
  
                                                              s 	
  CPA                                                                            y 	
  CPE                                 n	
  fa t	
  passes
                                                                                                                                                                                                                             	
  
                                                    	
   sign                               9   01	
   empt	
                         	
     d ator                                  sl aLo           n
                                             mith                                    ed	
  1 	
  aB                        	
  Law es	
  Man                                  Legi            eme                          yr	
  	
  
          IN
            G
                            	
  Jo    hn	
  S 0	
                         undPA	
  first udit	
  
                                                                    	
  Fo AC                                     s	
  1924          as    s                    ev   iew	
   	
  Requir 	
  1,	
  1999	
  sses	
  	
  1	
  ent	
      	
   ssed
                                                                                                                                                                                                                                                	
  
   AR
      N
                        Gov. 0,	
  190 ACPA M                                               	
  to 	
  a  as    se         P   A	
  P              lity   	
  R              s	
  E d uary CPA	
  p irem PA	
  exam nd	
  Bill	
  pa
                                                                                                                                                                                                            a
 LE
                         Apri
                                l	
  1          M                                      ghts ACPA	
  p                 MAC                     Qua 50	
  Hour ate	
  is	
  JaUAA	
  MAnce	
  Requ terized	
  C parate	
  Fu
                                                                                                                                                                                        n
                                                                          to	
  	
  ri          M                                                    1 Lve	
  d                               ie             pu                    Se
                                                                                                                                                                           c              xper       Co m       E
                                                                                                                                                                       Eff e
Dateline
                    1900	
             1901	
         1922	
              1924	
            1974	
   1976	
                 1981	
   1987	
   1993	
                              1999	
   2001	
  2003	
  2005	
  2006	
   2007	
   20	
  
                                                                                                                                                                                                                                     2008	
  
                                                                                            Maryland	
  Associa+on	
  of	
  CPAs	
  
Maryland CPA Facts
                             	

Maryland was one of the first states to enact a law requiring
mandator y 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 continues to be modernized to meet the demands of the
      Profession and the changing world we live in…	

     A Bill SB 128
    Maryland Senate  
   Maryland Governor 
    Law
   From State Board
   House passes bill
      signs into law




                                                          Maryland State Board of 
                                                           Public Accountancy




                                                           Clarify thru regulations
                                                            And enforce the law
Maryland CPA Facts
                                 	

In 1924, Maryland was the first state to enact
   a law restricting the practice 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
   Accounting  Review services in a 1981
   Attorney General Opinion allowing non-
   CPAs to offer reviews and compilations in
   the State of Maryland, only to be reversed
   by legislation sponsored by MACPA  the
   State Board in 2010 reverting back to the
   original intent of the 1924 law.
Maryland CPA Facts
                          	





More than 100 MACPA members call our senators and we
               defeat the amendment!
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
Maryland CPA Facts
                        	

Maryland continues to be a leader in the CPA
 Profession and recognized as an innovator.
Maryland CPA Facts
                        	

Maryland continues to be a leader in the CPA
 Profession and recognized as an innovator.
Maryland CPA Facts
                             	





Last year MACPA led the CPA Horizons 2025 Project
for the AICPA using our i2a: Insight to Action strategic
thinking system to design and facilitate over 30 future
  forums with 1,000 CPAs to create a vision for the
                 Profession in 2025.
Maryland CPA Facts
                            	

 MACPA’s CEO was
named as the fourth
   most influential
    person in the
     Accounting
Profession among the
   Top 100 list by
  Accounting Today
  Magazine. It was
Tom’s eighth year on
       the list.
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
                    proficiency training.	





http://cpa.tc/thebounce
Maryland CPA Facts
                 	

        “Association members earn
           higher salaries, like their
         jobs more, and are happier
          people, on average, than
            those that do not join
                associations.”  	

                        	

         - Where the Winners Meet:
         Why Happier, More Successful
            People Gravitate Toward
          Associations 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.
There is an old adage that says, 	

you can tell a lot about a person from the company they
                           keep.”	

                             	

  We hope you will choose to “associate” with us. Best
         wishes for a successful career as a CPA!	

                  The Maryland Association of CPAs
                                           www.macpa.org

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New CPA - Welcome to the Profession - MACPA

  • 1. Welcome to the CPA Profession! Congratulations New CPAs! November 1, 2012 BWI Hilton Hotel The Maryland Association of CPAs www.macpa.org
  • 2. We believe in CPAs! Period. And we believe in you! Congratulations!
  • 3. “Let your future be lit with the knowledge of the past.” - Sakichi Toyoda, Founder, Toyoda Automatic Loom Works, predecessor to Toyota Motor Company
  • 4. Maryland CPA Facts Tonight marks the fifth year of our official swearing-in ceremony developed in cooperation with the Maryland Department of Labor Licensing & Regulation
  • 5. Maryland CPA Facts Welcome Secretary of the DLLR, Leonard Howie III On September 17, 2012, Governor Martin O'Malley named Leonard James Howie, III as Secretary of the Maryland Department of Labor, Licensing & Regulation (DLLR).
  • 6. Maryland CPA Facts Welcome Harry Loleas, Commissioner of Occupational & Professional Licensing who will administer the oath Pictured left to right – Dennis Gring, Ray Speciale & Harry Loleas
  • 7. Maryland CPA Facts Welcome Michael Vorgetts, Deputy Commissioner of Occupational & Professional Licensing 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. In his capacity with Legislative Services, Michael conducted fiscal and policy analysis on issues related to DLLR
  • 8. Maryland CPA Facts Maryland State Board of Public Accountants Chair - Thomas J. Tim Murphy, CPA, Industry Member (Prince George's County) Mac N. Claxton, CPA, Industry Member (Prince George's County) Elizabeth S. Gantnier, CPA, Industry Member (Frederick County) Clifton B. Jeter, CPA, Industry Member (Montgomery County) Ella H. Pierce, Consumer Member (Baltimore City) Naomi B. Powell, Consumer Member (Prince George's County) Raymond C. Speciale, Esq., CPA, Education Member (Frederick County) Dennis L. Gring, Executive Director Linda Rhew, Administrative Officer
  • 9. Maryland CPA Facts Maryland is reporting record #s of CPA Exam candidates CPE Exam passers Source: Maryland State Board of Public Accountancy
  • 10. 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 Source: Newseum in Washington DC
  • 11. Maryland CPA Facts Two Marylanders are credited with the formation 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 Certified Public Accountant. Source : MACPA History Book
  • 12. Maryland CPA Facts A profession has three major attributes 1.  A distinct and evolving body of knowledge 2.  A commitment to the public interest – licensed by the government 3.  A code of conduct and ethics
  • 13. Maryland CPA Facts The CPA Examination The 1900 Exam The 2012 Exam 1.  Practical Accounting 1.  Auditing Attestation 2.  Theory of Accounts (AUD) 3.  Auditing 2.  Business Environment 4.  Commercial Law Concepts (BEC) 5.  Commercial 3.  Financial Accounting Arithmetic Reporting (FAR) 4.  Regulation (REG)
  • 14. Maryland CPA Facts Maryland was the third state in the U.S. to recognize the public interest of accounting and financial reporting by enacting a law that established and regulated the practice of the profession of PUBLIC ACCOUNTANT. On April 10, 1900, Governor John Smith signed into law Chapter 719 establishing the (Certified) Public Accounting designation
  • 15. Maryland CPA Facts The Maryland Association of CPAs, Inc. was established on February 12, 1901 for the purpose of uniting CPAs across Maryland and enabling them to conform to the high standards of the CPA profession.
  • 16. 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 Association.
  • 17. Maryland CPA Facts We will help CPAs compete and thrive in a rapidly changing environment by: •  Connecting them to their profession, each other, and the business community. •  Protecting and promoting the CPA license and brand. •  Achieving career success through technical excellence, thought leadership, best-in-class professional development, and being their trusted filter for information.
  • 18. Maryland CPA Facts Associations were a “uniquely American institution” first observed by the French political philosopher in 1835 when he noted: “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
  • 19. CPAs in record attendance at CPA Day in Annapolis Nowhere is this more evident than in our advocacy efforts at the State Board of Public Accountancy and in Annapolis for our Legislature… CPA Day in Annapolis January 16, 2013
  • 20. History  of  CPA  LegislaLon   Interstate  Prac+ ce       A  passes     ntancy  Act   KEY In  the     Beginning...   1993  MACP  Acts   MD  LLC    L LP Uniform  Accou   Rights    Recogni+on   GOALS/ Max  Teichman,   RESULTS Frank  Blacklock     • Privilege  of  Self-­‐ AG  opinion  of  1981   William  Rogers   RegulaLon   Grants  rights  to  non-­‐CPAs   SB  560  Defeated Maryland  Corporate       • Right  to  Sole  Control  over   for  Reviews    Comps.   Accountability  Act   an  Area  of  PracLce   MACPA  requests     reversal  of  AG  Opinion   HB  1296   –  “This  is  not  an  audit”   language  added   Mobility   PROJECTS/ stops   MACPA  wins  use  of   Passes   PA “consultants”  in  firm   Maryland   STRATEGIES MAC al sever to leBerhead  at  State  Board   pts Special   attem 1924 d Session   State  Board  of   amen Accountancy   law AccounLng   Oct  –  Nov  07   Reform  task   formed   Maryland   Force   bendn gi KEY EVENTS CPAs addresses   MACPA    defeats  Sales   becomes  the  1st   Non- pts at 2 SOX   attem license Tax  on  Services   state  to  restrict   Tier HB  1261  re-­‐writes   State  Board  Hearing   CPA  Law  -­‐  1986   May  1,  2003   sses       Amended    Corporate     pracLce  for  CPAs    pa hip   MACPA  amendments  to   CPA s Tax  ReporLng    Bill    MA Owner ed  requirements  fail   UAA CPA   MACPA  p   tries -­‐ MAC PA E non asses  new   ss CP PEOPLE to pa 1974 simpler  CPA  exam   n Bill i 975 MACPA  Forms  Task  Force    and   EducaLon  Rules   1 surveys  members   s   •  CPA  Bill  signed  April  10,  1900   88%  Sub  Equivalency     A  win ACP oard     M 76%  Peer  Review    Safe  Harbor   e  B er •  MD  is  3rd  state  (NY    PA)   68%  Non-­‐CPA  Ownership   Terry  Hancock   Stat alify  Pe E     To  qu  for  CP   chairs  LegislaLve   iew Larry  Kamanitz   Rev t   PRODUCTS/ Dawson  Grove   CommiBee   Allen  Deleon   credi SERVICES/   chairs  LegislaLve   SITES chairs  LegislaLve   chairs  LegislaLve   CommiBee   CommiBee   CommiBee    Bill    Bill   ils   s  CPA y  CPE n  fa t  passes     sign 9 01   empt     d ator sl aLo n mith ed  1  aB  Law es  Man Legi eme yr     IN G  Jo hn  S 0   undPA  first udit    Fo AC s  1924 as s ev iew    Requir  1,  1999  sses    1  ent     ssed   AR N Gov. 0,  190 ACPA M  to  a as se P A  P lity  R s  E d uary CPA  p irem PA  exam nd  Bill  pa a LE Apri l  1 M ghts ACPA  p MAC Qua 50  Hour ate  is  JaUAA  MAnce  Requ terized  C parate  Fu n to    ri M 1 Lve  d ie pu Se c xper Co m E Eff e Dateline 1900   1901   1922   1924   1974   1976   1981   1987   1993   1999   2001  2003  2005  2006   2007   20   2008   Maryland  Associa+on  of  CPAs  
  • 21. Maryland CPA Facts Maryland was one of the first states to enact a law requiring mandator y 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.
  • 22. And continues to be modernized to meet the demands of the Profession and the changing world we live in… A Bill SB 128 Maryland Senate Maryland Governor Law From State Board House passes bill signs into law Maryland State Board of Public Accountancy Clarify thru regulations And enforce the law
  • 23. Maryland CPA Facts In 1924, Maryland was the first state to enact a law restricting the practice 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 Accounting Review services in a 1981 Attorney General Opinion allowing non- CPAs to offer reviews and compilations in the State of Maryland, only to be reversed by legislation sponsored by MACPA the State Board in 2010 reverting back to the original intent of the 1924 law.
  • 24. Maryland CPA Facts More than 100 MACPA members call our senators and we defeat the amendment!
  • 25. 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
  • 26. Maryland CPA Facts Maryland continues to be a leader in the CPA Profession and recognized as an innovator.
  • 27. Maryland CPA Facts Maryland continues to be a leader in the CPA Profession and recognized as an innovator.
  • 28. Maryland CPA Facts Last year MACPA led the CPA Horizons 2025 Project for the AICPA using our i2a: Insight to Action strategic thinking system to design and facilitate over 30 future forums with 1,000 CPAs to create a vision for the Profession in 2025.
  • 29. Maryland CPA Facts MACPA’s CEO was named as the fourth most influential person in the Accounting Profession among the Top 100 list by Accounting Today Magazine. It was Tom’s eighth year on the list.
  • 30. Maryland CPA Facts MACPA members have a competitive edge with 24 hours of free CPE and the best learning resources in the CPA Profession
  • 31. Maryland CPA Facts MACPA can help you maximize your career trajectory through our Business Learning Institute’s leadership proficiency training. http://cpa.tc/thebounce
  • 32. Maryland CPA Facts “Association members earn higher salaries, like their jobs more, and are happier people, on average, than those that do not join associations.” - Where the Winners Meet: Why Happier, More Successful People Gravitate Toward Associations Study by William E. Smith
  • 33. 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.
  • 34. There is an old adage that says, you can tell a lot about a person from the company they keep.” We hope you will choose to “associate” with us. Best wishes for a successful career as a CPA! The Maryland Association of CPAs www.macpa.org