Search Results for: Illinois CPA Society

Illinois CPA Society Names 2018-2019 Board of Directors

The Illinois CPA Society named its board of directors to serve April 1, 2018 – March 31, 2019.

“In this dynamic time of change in the accounting profession, we are fortunate to be guided by such an impressive and diverse team of experienced leaders making up our new board of directors,” says Todd Shapiro, ICPAS president and CEO. “They are all experts on key issues impacting our members and will support accounting and finance professionals throughout Illinois.”

View the full list here.

Illinois CPA Society Hosts Inaugural Jumpstart to Accounting Conference

The Illinois CPA Society’s inaugural Jumpstart to Accounting program welcomed more than 100 college students and professors from more than 30 colleges and universities across the state of Illinois on April 24.

The new conference, targeting college students interested in an accounting career and professors working in accounting departments, offered insights into an accounting major, how to study for the CPA exam, presentations from the executive director of the Illinois Board of Examiners and president/CEO of the Illinois CPA Society, an interactive panel discussion with young professionals and visits to public accounting firms.

“The conference really helped me expand my knowledge on the field of accounting. Meeting young professionals and hearing their process to get to where they are was very helpful,” says Ronald Luce, a sophomore at St. Xavier University.

The Young Professional Panel interacted with participants, answering questions about the accounting major and what to expect as a young accountant, while presentations from the Illinois Board of Directors and the Illinois CPA Society focused on the value of the CPA credential and Society membership.

“[The students] befitted from the overview of the need for the CPA credential and information on taking it,” says Dr. Vicky Eidson, associate professor of accounting at Quincy University. “They need to hear this message a lot throughout their years of school.”

Jumpstart to Accounting also presented the real world experience of public accounting. Students and educators toured the offices and interacted with staff at PwC, Crowe Horwath, Grant Thornton, Miller Cooper and Plante Moran.

“Visiting the firms was amazing. I realized the personality of the accounting firm you plan to work for is more important than the size or prestige,” says Thomas Vitale, senior at Quincy University.

Illinois CPA Society Names 2014 Women to Watch Award Recipients

The Illinois CPA Society is honoring three of its members with the 10th annual Women to Watch awards, in recognition of their notable contributions to the accounting profession, their organizations and the development of women as leaders.

The award recipients are set to be honored Nov. 13 at the Illinois CPA Society’s Women’s Leadership Breakfast, where they will also take part in a panel discussion about balancing work and life, supervising multiple generations and supporting the advancement of women in the accounting profession. The 2014 Women to Watch award recipients include the following professionals:

Experienced Leader Category:

Angela Hickey is the executive director of Chicago law firm Levenfeld Pearlstein LLC. A member of the firm’s executive committee and compensation committee, she oversees the firm’s financial and operational functions, including business development, marketing, human resources and technology. A communication-focused leader, she has hosted Ask Angie sessions to offer attorneys and staff meaningful financial and operational updates.

Kristie Paskvan serves as Mesirow Financial’s CFO and as president of the firm’s retirement plan advisory business. She serves as a steering committee member of Mesirow Financial’s Women Connect, a professional development group formed to connect, educate and empower women.

Emerging Leader Category:

Annie Kolman is an assurance senior manager at New York-based Ernst & Young LLP (FY13 revenue of $9.1 billion) where she serves one of the largest, integrated oil and gas companies in the world and leads one of the largest engagement teams in Chicago. At EY, Kolman has served as the Pan-Asian professional network leader and professional women’s network events committee chair, organizing affinity group networking events.

“Angela, Kristie and Annie represent an emerging trend among CPAs. The CPA credential is now looked upon for guidance and stewardship in businesses and communities,” says Todd Shapiro, president and CEO of the Illinois CPA Society. “Each of these women has set an example of hard work and community spirit we all admire.”

Illinois CPA Society Names 2009 ‘Women to Watch’

The Illinois CPA Society has named the recipients of their fifth annual “Women to Watch” awards, which recognize notable contributions to the accounting profession, their organizations and the development of women as leaders.

Chosen from nominations by their peers, the Illinois CPA Society’s Women’s Executive Committee and American Institute of Certified Public Accountants Work/Life and Women’s Initiative Executive Committee selected the following six leaders from throughout the state as their 2009 “Women to Watch:”

Experienced Leaders:

Genevieve Burns a PIC of Chicago-based Blackman Kallick’s Not-for-Profit practice.
Geralyn Hurd a partner and tax exempt practice leader at Crowe Horwath in Chicago.

Emerging Leaders:

Kathy Ford a tax partner with Ernst & Young, where she is the lead tax executive for some of the firm’s largest multinational clients.
Sherrie Krowczyk-Mendoza a managing director at RSM McGladrey, Inc. where she leads the Great Lakes Financial Institutions Risk Management Practice.
Heather Paquette a partner in KPMG LLP’s Midwest Advisory Services Practice.

ICPAS Honors 2019 Women To Watch

The Illinois CPA Society (ICPAS) announced that more than 350 professionals recently attended its Women’s Leadership Forum in Chicago, May 10, which focused on the theme “Power Up.”

Keynote speaker Kim Simios, EY Chicago OMP, discussed “how attendees can power up by projecting confidence authentically, owning their careers, widening their networks, evaluating their communications, and realizing their purpose in order to reach the next level of performance,” ICPAS reported.

At the event, the ICPAS honored the 2019 Women to Watch Award winners. Receiving the Experienced Leader Award were: Rebekuh Eley, senior manager at Chicago-based RSM US (FY17 net revenue of $2.1 billion), and Kristen Fitzpatrick, managing principal at Miller Cooper & Co., which has offices in Chicago and Deerfield, Ill. Receiving the Emerging Leader Award were: Julia Haried, an audit and assurance professional at Deloitte and co-founder of MakerGirl, and Charlene Rhinehart, managing director of CEO Unlimited, a consulting firm that provides accounting and business development services, and founder and editor-in-chief of Wealthy Women Daily.

More news from ICPAS

McKeever Honored with AICPA Gold Medal Award of Distinction

Lester H. McKeever Jr.

Lester H. McKeever Jr.

The AICPA has announced that Lester H. McKeever Jr. is the recipient of the 2018 AICPA Gold Medal Award of Distinction, the highest honor granted by the AICPA.

Since 1944, the award has been bestowed upon CPAs whose influence on the accounting profession has been especially notable. Lewis Sharpstone, a member of the awards committee, presented McKeever with the award at the fall meeting of AICPA’s governing council.

“Mr. McKeever rose from working part time for the nation’s first female African-American CPA to working to advance diversity within the profession on a national level and in his home state of Illinois,” says Sharpstone. “He serves as an example of the impact CPAs can make on their community, the profession and their colleagues.”

McKeever has served as chairman of the Federal Reserve Bank of Chicago, chair of United Way Chicago, chair of the Chicago Urban league and board treasurer of the University of Illinois.

For his more than 25 years of volunteer service to the Illinois CPA Society (ICPAS), McKeever has been recognized with their Lifetime Achievement Award. In 2016, ICPAS renamed their awards for members working to advance diversity in the profession after McKeever. His volunteerism at the national level has included terms on the AICPA’s Small Business and Minority Business Development Committees.

A list of previous recipients is available on AICPA’s website.

NYSSCPA Leader Named President of CPA Execs Association

Joanne Barry

Joanne Barry

Joanne S. Barry, executive director and CEO of the New York State Society of Certified Public Accountants (NYSSCPA), has been appointed the 2016-2017 president of the Certified Public Accountants Society Executives Association (CPA/SEA).

Formed 50 years ago, CPA/SEA is composed of all state CPA state society chief executive officers/executive directors throughout the United States. Through its core strategic priorities of advocacy, leadership, integrity, collaboration and exploration, the association supports its members in achieving excellence in leadership and management of their organizations and provides resources and a forum for networking and communication to enable CPA/SEA members to choose informed courses of action on professional issues affecting CPAs. CPA/SEA’s strategic plan and planning process provide organizational direction, advocate the interests of CPA societies, and prepare its membership for the future.

“To be elected by my peers and colleagues to lead the CPA/SEA at a time when the intersection of technology, generational issues and the shift in firm practice is creating a sea change within the profession, is a special honor and I look forward to it,“ Barry says.

Barry has received multiple awards recognizing leadership in the CPA profession, serves on the accounting and taxation boards for Montclair State University and St. John’s University, received the 2016 Corporate Social Responsibility Award by City & State magazine, and has been named one of the Top 100 Most Influential People in Accounting for the past six consecutive years by Accounting Today.

Barry is joined by a newly selected 2016-2017 CPA/SEA board of directors, who include: Ron Gitz, Louisiana Society of CPAs, as president-elect; Michael Colgan, Pennsylvania Institute of CPAs, is secretary /treasurer; Todd Shapiro, Illinois Society of CPAs, and Deborah Curry, Florida Society of CPAs, are directors to the board. Cindy Adams, Iowa Society of CPAs, Kathy Castillo, Hawaii Society of CPAs, Renee Brower, Wyoming Society of CPAs, and Sherri McPherson, Oregon Society of CPAs, return as current board members.

 Legacy Professionals Announces Two New Partners 

Adam Simaga

Westchester, Ill.-based Legacy Professionals, with offices in Edina, Minn., and Schererville, Ind., announces that Adam Simaga and Brandon Wolber have been admitted as partners.

Brandon Wobler

Wolber provides audit services to employee benefit plans and labor organizations. He is a 2006 graduate of Augustana College and is a member of the American Institute of Certified Public Accountants (AICPA) and the Illinois CPA Society.

Simaga works with employee benefit plans, labor organizations, and governmental entities. He graduated from Purdue University in 2004. Simaga belongs to the American Institute of Certified Public Accountants (AICPA) and the Illinois CPA Society. He is also a member of the Association of Certified Fraud Examiners

Legacy’s 27 partners and principals and more than 145 professionals provide audit, accounting and tax services to employee benefit plans, labor organizations, not-for-profit organizations, governmental entities, medium-sized corporations, partnerships and sole proprietorships.

KPMG to Add 500 Jobs in Chicago

The headcount in Chicago for Big 4 firm KPMG has hit 2,331. Now the firm says it will add 500 more to bring its staff to 2,800 by 2020, according to Crain’s Chicago Business.

Despite the expansion, the firm’s growth in the Chicago market has lagged behind that of competitors PwC and EY, Crain’s data reveals. The number of local professionals has increased 27% at both KPMG and Deloitte since 2012. At PwC and EY, the spike is nearly double: 50% and 52%, respectively.

Professional services has been a rapidly growing business sector in Chicago for five years, Crains says. Accounting firms have been using their brand recognition to move aggressively into consulting and advisory services, says Todd Shapiro, CEO of the Illinois CPA Society. “They’re growing dramatically, especially in non-audit and tax areas, and that’s driving a lot of the hiring,” he says. “Some firms actually have more non-CPAs working for them than CPAs.”

Advising on M&A, data analytics and cybersecurity has driven the hiring at KPMG’s Chicago office, MP Patrick Canning said in a statement.

The firm has 44% more consultants in Chicago than it did in 2012, compared to a 17% increase in tax professionals and a 5% drop in auditors. Nevertheless, the combination of audit, assurance and tax services still generates more than half the revenue for all Big 4 firms.

Shapiro said he expects hiring to continue as accounting firms scramble to advise clients on Blockchain, the technology that underpins Bitcoin, and changes President Donald Trump may make to the tax code.

Minority Students Find Career Insights with Internship Prep Program

In January, 25 minority college students received unparalleled access to training and resources essential in the transition from student to professional at the Illinois CPA Society’s Mary T. Washington Wylie (MTWW) Internship Preparation Program.

This award-winning program provides scholars with the tools they need to advance in their academic and professional aspirations. The culmination of the program is an opportunity for students to interview with accounting firms.

Over the course of the three-day program, students interacted with accounting and finance professionals from leading firms and organizations as diverse as the Chicago White Sox, Exelon and The Field Museum. Speakers at a “Careers in Accounting” panel shared stories of how they found their niche in accounting, daily workload expectations and how to be successful in similar roles.

AICPA Vice Chair Kimberly Ellison-Taylor delivered the program’s keynote address, which was focused on overcoming personal and professional challenges and supporting diversity within the profession. In addition, the students participated in interactive sessions dedicated to business ethics, team building, interview skills and the CPA exam. Students also had one-on-one time with recruiters to receive feedback on their resumes.

“Every volunteer truly cared about my success in the program and my future in the CPA profession,” says AuQuan Mack, MTWW scholar. “I am walking away with a greater sense of self-confidence after I received helpful resume tips, interview advice and learned all about the CPA exam.”

Illinois CPA Society President/CEO Todd Shapiro says, “It is incredible to witness the transformation of these students over the course of only three days. These students represent the future of the CPA profession, and it is our responsibility to help them succeed.”

In the four years since the program’s inception, 100 students, representing 37 schools, have participated. To date, 69 students have received one or more internships or other offers. In total, 24 students have received an offer or are currently working in a full-time position. In addition, many of the program’s scholars are on track to take the CPA exam and three of the 2013 scholars have already passed the exam.

The all-expenses-paid program is funded by donations to the CPA Endowment Fund of Illinois’ Mary T. Washington Wylie Opportunity Fund. Essential to the program’s success was the generous support and involvement from the following accounting firms: Crowe Horwath, Deloitte, Ernst & Young, Grant Thornton, KPMG, PwC and Sikich.