The EDGE- September 2013 


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    AICPA Young CPA Network
    The EDGE
    An e-Newsletter Dedicated to Young CPAs
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    Edge interview: Chris Ekimoff and the World of Forensic Accounting
    How many times can you say you just met a guy whose work seems like it's straight out of an espionage novel? If that's the case, then you may be talking about Chris Ekimoff who focuses on forensic accounting in court and in practice. A graduate of the AICPA Leadership Academy, Edge caught up with Chris to talk about his unique specialty, several high-profile cases he has been involved with, his thoughts about how young CPAs can ascend the career ladder, and more.


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    HEADLINES
    Lifelong Learning: Succeeding in Today's Challenging Business Environment In today's shifting professional landscape, CPAs have to be nimble to keep their footing. Success in this business landscape requires strategic insight, innovation and agility. Continuing education and lifelong learning are crucial for CPAs who want to stay ahead of the curve, enhancing their competencies and integrating learning and working experiences.
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    3 Steps to Building Your Career Young CPAs want to stand out in their firms and companies to get promoted, excel, etc. Here are some ways to do that, including obtaining credentials (and we would list the AICPA credentials with links), actively seeking business opportunities, serving as a valued asset the company through smarter uses of technology, and continuous learning.
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    Job Seniority: Is the Long Haul For You? It's likely that young CPAs will change employers quite a few times during their first 10-15 years of employment. How about considering staying with your firm or company rather than moving? At the end of the day, measure and weigh your options, because you do have options!
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    GET INVOLVED
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    New, exclusive online community for young CPAs
    Looking for networking opportunities that don't take a chunk of your limited free time or travel budget? The AICPA Young CPA Network has the solution for you! Check out the new Young CPA Network online community, created just for AICPA members. Join this exclusive community of young CPAs to exchange ideas, grow your career and foster valuable connections…on your time, on your turf. Explore the calendar of important events, browse a collection of blogs, ask a question or start a discussion. The possibilities are endless. Don't forget to request membership to the Young CPA group!
    New! Regional PFS Exam Review Classes in the Fall
    The 2013 PFS exam review class will be held in 3 locations: Columbus, OH (Oct. 22-24); Phoenix, AZ (Oct. 28-30); Atlanta, GA (Nov. 13-15). Whether you are preparing for the PFS exam (Nov. 8 – Dec. 20), or need an overview of personal financial planning (PFP) including tax, estate, retirement, investment, and risk management planning, this course provides a highly engaging, comprehensive overview of PFP, including real-life scenarios from instructor, Tom Tillery. AICPA, Tax Section and state society members receive a 20% discount; PFP Section members receive an extra $100 discount and may qualify for a $600 sponsorship to further offset the cost. Visit www.aicpa.org/PFSexam.
    AICPA Women's Global Leadership Summit
    Oct 24, 2013 - Oct 25, 2013 - Washington DC - This conference will provide sessions on leadership, boardroom diversity and best practices to enhance the skills and potential of female leaders.
    Emerging Partner/Practice Growth Series
    Friday, September 20, 2013
    Led by Jim Metzler, CPA, AICPA Vice President, Small Firm Interests, this series focuses on teaching emerging partners to develop their entrepreneurial spirit, and covers important practitioner and firm topics.
    AICPA Resources
    Financial Reporting Framework for SMEsThe AICPA has issued its Financial Reporting Framework for Small- and Medium-Sized Entities. The FRF for SMEs accounting framework is designed for America's small business community. It delivers financial statements that provide useful, relevant information in a simplified, consistent, cost-effective way. The FRF for SMEs framework may be used when GAAP financial statements are not required
    Free AICPA social media user guides available In today's quickly changing economy, CPAs, CGMAs play an important role in helping their organizations meet strategic objectives and build sustainable business models. These individuals reach beyond the more traditional finance focus and, as a result, need to demonstrate advanced and unique capabilities to progress in their careers. Fast Track to Leadership, a new report from the AICPA and CIMA, features global interviews and round tables that capture the changing requirements in skills, experience and behaviors that will help CPAs, CGMAs to identify challenges and develop an action plan to maximize opportunities. Download the report from CGMA.org.
    Three ethics resources for CPA, CGMAs With the importance of ethics and non-financial reporting rising on the global agenda, CGMAs are in a unique position to make an important contribution to creating a sustainable ethical operating environment. The AICPA and CIMA have developed a number of resources to assist CPA, CGMAs in guiding their organizations to long-term sustainability and success. The Ethical reflection checklist is designed to provide organizations and individuals with an overview of how well ethical practices are embedded in the business. The CGMA case study: Navigating ethical issues highlights issues related to non-disclosure at the corporate level that come to the attention of non-executive financial managers and controllers. Responding to ethical dilemmas: CGMA ethics resources provides links to resources to help CGMAs navigate ethical dilemmas and respond in a manner that upholds their professional standards.
    September 2013
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    SPECIALIZATION
    Accredited in Business Valuation (ABV) credential Positions you as a premier valuation services provider and increases public awareness of the CPA as the preferred business valuation professional (Learn more)
    Certified in Financial Forensics® (CFF®) credential Showcases your CPA forensic accounting expertise in bankruptcy and insolvency, computer forensic analysis, economic damages calculations, fraud prevention and valuations (Learn more)
    Certified Information Technology Professional® (CITP®) credential Demonstrates your unique ability as a CPA in providing risk assessment, fraud, internal control, audit and/or information management services within your firm or for your employer (Learn more)
    Personal Financial Specialist (PFS) credential Demonstrates your knowledge and expertise in personal financial planning to clients and colleagues, and the CPA-exclusivity distinguishes you from other financial planners (Learn more)
    Chartered Global Management Accountant® (CGMA®) Recognizes the experience and expertise CPAs bring to organizations by helping to ensure success through their understanding of finance, budgeting, internal audit, strategic planning, operations, risk management and governance (Learn more)
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