AICPA Announces Creation of Scholarship for CPAs Pursuing their Ph.D

William (Bill) Ezzell was a strong advocate for the CPA profession, particularly for students on the path to becoming a CPA and the educators who teach them. He also firmly believed that one of the best ways to inspire the next generation of CPAs was to ensure they were taught by professors with relevant, recent real-world experience.

The AICPA Foundation created the William (Bill) Ezzell Scholarship to honor his passion by providing financial assistance to CPAs pursuing their Ph.D., the AICPA announced.

The $10,000 scholarship will be awarded annually to five outstanding accounting Ph.D. candidates who demonstrate significant potential to become mentors for the next generation of CPAs.

“This scholarship is a fitting way to honor the legacy of Bill Ezzell, who strongly believed that the accounting profession benefits from more CPAs with Ph.D.s in the classroom,” says Yvonne Hinson, Association of International Certified Professional Accountants. “The scholarship reflects both his vision and the AICPA’s commitment to ensuring the accounting profession has a strong base of accounting faculty to maintain a robust pipeline of talent entering the profession.”

The William (Bill) Ezzell Scholarship joins AICPA’s Accounting Doctoral Scholars Program, Minority Doctoral Fellowship and other initiatives to advance higher education in accounting.

Eligible applicants must meet the following criteria:

  • CPA required
  • Have minimum three years of professional accounting experience, with a portion of that experience being within the last three years at the time of enrollment
  • U.S. citizen or permanent resident (green card holder)
  • Earned an undergraduate or a master’s degree in accounting
  • Intend to teach and research at a U.S. AACSB-accredited university upon graduation

Those who wish to apply or learn more can visit for a full list of application materials and requirements.

The application period is open and will run through March 1, 2019. Applicants will be notified of acceptance by June 2019.

For more information or to schedule an interview, contact James Schiavone, public relations manager at or 212-596-6119.

Americans Favor Workplace Benefits 4-to-1 over Extra Salary: AICPA

Greg Anton

When it comes to finding the perfect job, a newly published AICPA survey of 2,026 U.S. adults, among whom 1,115 were employed, suggests it’s about a lot more than the money. And with 29% considering switching jobs in the next year, employers need to be ready to show them the benefits.

Employed adults estimate, on average, their benefits represent 40% of their total compensation, according to the survey conducted online by The Harris Poll for the AICPA in April 2018. However, per the Bureau of Labor Statistics, benefits actually average 31.7% of a total compensation package. Americans are actually overestimating the value of the benefits available to them. But they clearly see value in workplace perks – by a 4-to-1 margin, they would choose a job with benefits over an identical job that offered 30% more salary but no benefits.

“A robust benefits package is often a large chunk of total compensation, but it’s the employees’ job to make sure they’re taking advantage of it to improve their financial positions and quality of life,” said Greg Anton, chairman of the AICPA’s National CPA Financial Literacy Commission. “Beyond the dollar value of having good benefits, employees gain peace of mind knowing that if they can take a vacation without losing a week’s pay or if they need to see a doctor, they won’t be responsible for the entire cost.”

Nearly 88% are confident they understood all the benefits available to them when they accepted their current job. Similarly, 86% are confident they have kept up-to-date with changes to those benefits, and 86% are also confident they know where to get information about how to use their benefits. Surprisingly though, only 28% are very confident they are using their benefits to their fullest potential.

When asked which three workplace benefits would help them reach their financial goals, more than half of Americans cited 401(k) match (56%) or health insurance (56%), while around a third cited paid time off (33%) or a pension (31%). Additionally, about 21% cited flexible working hours, and 15% cited working remotely.

As seen in generational breakdown below, Baby Boomers put a significantly higher priority on health insurance and having a 401(k) match than the younger generations. Notably, of all benefits listed, the desire to have a pension saw the largest discrepancy amongst generations. More than half of Baby Boomers (54%) prioritized including it in their top three, compared to only 16% of Millennials.

Millennials, now the largest generation in the workforce, put a higher priority than both GenX and Baby Boomers on benefits that are most commonly associated with work-life balance such as paid time off, flexible work hours and working remotely. Employers competing for this talent should consider this shifting scope of desired benefits if they want to attract the best employees.

This Harris Poll was conducted online within the United States on behalf of AICPA between April 24 and 26, 2018, among 2,026 adults aged 18 or older.

Whitepaper: Deeper Insights Into Data Improves Firm Operations

Randy Johnston

A new whitepaper lays out the business case for workflow automation tools to improve CPA firm performance.

The whitepaper, Using Operational Data & Analytics to Improve Firm Productivity & Profitability, was sponsored by, a subsidiary of the AICPA, in partnership with XCM, a provider of workflow automation. XCM is the only productivity enablement and workflow platform endorsed by the AICPA.

Performance improvement is typically driven by practice management and reporting that is done afterward, the whitepaper says, but that is no longer enough today. Firms can take advantage of real-time analytics to get better insights into business performance, leading to better decisions. Workflow platforms also enable standardized processes across departments and roles, and total transparency of firm operations. The result is a more efficient and profitable operation, the whitepaper says.

The report was written by Randy Johnston, CEO and founder, Network Management Group and K2 Enterprises, and Mark McAndrew, vice president of consulting services with XCM Solutions.

The whitepaper describes the following benefits of a workflow management system that is properly designed and implemented. Such a system will:

  • Drive growth and scalability of the practice for maximum profitability
  • Increase production and human capital capacity
  • Enhance communication and collaboration across offices
  • Offer complete visibility to production measures, resource allocation, as well as scheduling requirements for disciplines such as tax, accounting, audit, client accounting services and operations
  • Measure and report performance to optimize effectiveness
  • Manage client experience and satisfaction
  • Deliver controls that ensure high-quality outputs and accountability
  • Integrate with current implemented technologies to provide one central repository for information

“Why would you handicap your firm by not providing your team the best management workflow technologies available? Do you have bigger problems to solve than making your team as effective as possible? If you want to have a world-class professional services organization in the modern environment, you must use world-class management technologies,” the report says.

Learn more at


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.

AICPA Honors 4 Members with Sustained Contribution Award

The AICPA has announced that four members have been honored with the Sustained Contribution Award.

The annual award recognizes CPAs who have contributed measurably to the AICPA and the accounting profession through their dedication to volunteer service. Each recipient has participated in a volunteer committee, task force or resource panel for 20 years or longer and has served at least once as a chair of an AICPA group.

“This year’s recipients have dedicated significant time into shaping the accounting profession through their efforts with the institute,” says Ryan Screnar, chair of the AICPA’s award committee. “Their continued efforts over the years serve as a model for all volunteer members.”

The following CPAs were recognized during the fall meeting of the AICPA’s governing council:

  • Clark Monroe Blackman II, Kingwood, Texas
  • Albert Ray Denny, Wichita, Kan.
  • Annette Nellen, San Jose, Calif.
  • William R. Pirelli, Warwick, R.I.

Since the AICPA began, member volunteers have contributed to the Institute and the profession by participating in approximately 180 different volunteer groups.

AICPA Announces Graduates of 10th Annual Leadership Academy

The AICPA has announced that 41 young CPAs from around the country have graduated from its rigorous, four-day 2018 AICPA Leadership Academy.

The academy gives participants access to advanced leadership training, networking activities and presentations from some of the profession’s top thought leaders. This year’s event was held in Durham, N.C.

The 2018 class discussed key issues and interacted with influential leaders in the profession including Eric Hansen, chair, President and CEO Barry Melancon and Mark Koziel, executive vice president of firm services.

“The academy has brought so much clarity and insight to what it means to be an effective leader,” says 2018 Leadership Academy graduate Kelly Mann, a senior manager at Seim Johnson of Omaha, Neb. “It has helped me understand what my most important values are and how they impact my decision making. I have also learned how important consciousness and reflection are to good leadership and how I can bring these lessons back with me, to benefit my firm and the people and organizations I support.”

The 2018 Leadership Academy attendees were recommended by their employers, state CPA societies or both. Candidates submitted resumes and a statement explaining how participating in the Leadership Academy would impact them personally and professionally. They also wrote an essay on the topic, “The future will bring significant changes to the accounting profession. What do leaders have to get right, in order to successfully lead?”

The full 2018 Leadership Academy class is listed below in alphabetical order:

  • Paul Arab, Home Federal Bank of Tennessee, Knoxville, Tenn.
  • Chris Bell, Arkansas Electric Cooperatives, Inc., Little Rock, Ark.
  • Ashley Bryan, Threaded Fasteners, Inc., Mobile, Ala.
  • Joseph Caplan, Mazars USA LLP, Edison, N.J.
  • Jenna Christensen, Eide Bailly LLP, Mankato, Minn.
  • Kenesha Coleman, AbbVie Inc., North Chicago, Ill.
  • Sara deJuliis, Albero Kupferman & Associates LLC, Wilmington, Del.
  • Audra Dixon, Ernst & Young LLP, Denver
  • Samantha Doe, Kositzka Wicks & Company, Alexandria, Va.
  • Kamal Eko, Aronson LLC, Rockville, Md.
  • Josh Elder, Peters & Chandler PC, Oklahoma City
  • Ben Field, Benjamin H. Field CPA, PC, Phoenix
  • Verenice Flores, Fair Anderson and Langerman, Las Vegas
  • Kyle Graham, Tanner LLC, Salt Lake City
  • Natalie Heacock, Patrick Lumber Co., Portland, Ore.
  • John Hermus, Sheehan & Company CPA PC, Brightwaters, N.Y.
  • Chris Hervochon, eviCore Healthcare, Bluffton, S.C.
  • Ryan Johns, Altman Rogers & Co, Anchorage, Alaska
  • Deena Keasler, Topp McWhorter Harvey PLLC, Hattiesburg, Miss.
  • Alexandrea Keller, Williams & Company CPA’s, Onawa, Iowa
  • Katie Krblich, Charles A. Krblich PA, Fort Lauderdale, Fla.
  • Lijah Lokenauth, Tampa General Hospital, Tampa, Fla.
  • Danny Manimbo, Schellman & Company, Broomfield, Colo.
  • Kelly Mann, Seim Johnson, Omaha, Neb.
  • Damien Martin, BKD, Springfield, Mo.
  • Ashley Miller, Plodzik & Sanderson PA, Concord, N.H.
  • Maddie Miller, Wipfli LLP, Bozeman, Mont.
  • Bayaan Oluyadi, CohnReznick, Roseland, N.J.
  • Kenneth Omoruyi, Schlumberger, Houston
  • Sarah Peltakian, Raimondo Pettit Group, Irvine, Calif.
  • John Perkins, Accuride Corporation, Evansville, Ind.
  • Aaron Peters, Peters & Associates PC, Falls Church, Va.
  • Leanna Polidoro, Matrix Financial LLC, Wellesley, Mass.
  • Byron Porter, PwC, Houston
  • Michelle Schumacher, Microsoft, West Fargo, N.D.
  • Andrew Somich, Rea and Associates, Cleveland
  • Garrett Stenhouse, DiSanto Priest & Company, Warwick, R.I.
  • Melanie Urwiller, Lenhart Mason & Associates, LLC, Casper, Wyo.
  • Lauren Williams, Johnson Lambert LLP, Raleigh, N.C.
  • Gary Wood, Compere Robinette CPAs, Ozark, Mo.
  • Katie Zahner, Brown Smith Wallace, Creve Coeur, Mo.

CPAs’ Role in Sustainability Takes on Greater Significance; AICPA Develops New Tools

In this fiercely competitive economic climate, companies are increasingly aware of the importance of managing and reporting on their financial, social and environmental risks and opportunities – often referred to as the triple bottom line, according to the AICPA.

Furthermore, in order to rely on this information, investors are looking for this reported sustainability information to be independently assured.

The AICPA has therefore developed a new toolkit that provides resources to help prepare CPAs to meet these growing sustainability-related demands. The free toolkit includes the following:

  • CPAs – The preferred choice for assurance on sustainability information. This brochure helps CPAs articulate the value of CPA assurance to clients by outlining the differentiating factors, including adherence to rigorous assurance standards and practice guidance.
  • Key sustainability terms defined. This document helps familiarize CPAs with key sustainability-related terminology.
  • Sustainability: The world wants it. Can you deliver? This fact sheet highlights the growing demand for sustainability assurance services as well as the comprehensive sustainability assurance guidance available to CPAs who wish to provide such services.
  • Seven steps to implementing the Sustainable Development Goals (SDGs). This document introduces the SDGs and highlights seven steps companies can take to implement the SDGs.

“Four of the top five global risks are sustainability-related, according to the World Economic Forum. So, it is critical for companies to manage these risks and opportunities effectively, and to accurately report and seek credible assurance on their sustainability-related information,” says Amy Pawlicki AICPA vice president, assurance and advisory innovation

Miller Named President of Beta Alpha Psi

Alexandra L. Miller

Alexandra L. Miller is set to lead Beta Alpha Psi as the new 2018-2019 president of the organization’s board of directors. Miller’s theme of the year – Inspiring Future Leaders to Leave a Legacy of Excellence – stems from her desire to help pave the way for future leaders. “Why do we plant a tree? We plant a tree so that others will have shade,” Miller says. “I want to inspire future leaders to think not just about how they’re going to succeed in their careers, but about the legacy they’re leaving for others who follow them. What seeds can they plant now that will develop in the future into shade for someone they don’t even know?”

Miller’s leadership experience includes serving as the national president of the American Woman’s Society of CPAs (AWSCPA) in 2003-2004. She served as a member of the AICPA Women’s Initiative Executive Committee and was the Beta Alpha Psi Professional Partners Chair from 2014-2016.

With her own accounting firm of over 20 years in Tucson, Ariz., Miller focuses on income tax for individuals, estates, trusts and small businesses.

“As a small firm practitioner and entrepreneur, I hope to show students, faculty and business professionals a different focus for career possibilities. The opportunities in the future are limitless. We just need to take that leap, be fearless and meet the challenges head on.”

Trade Conflicts, Rising Interest Rates Weigh Down View of U.S. Economy

Arleen R. Thomas

For the second quarter in a row, business executives are reining in their optimism about the U.S. economy, in part because of the potential impact of trade and tariff policies and rising interest rates, according to the third-quarter AICPA Economic Outlook Survey.

The survey polls CEOs, CFOs, controllers and other CPAs in U.S. companies who hold executive and senior management accounting roles.

Sixty-nine percent of business executives said they were optimistic about the economy over the next 12 months, a drop of five percentage points from last quarter and 10 percentage points from the start of the year. Optimism about their own company’s outlook slipped a percentage point to 69%. Both rates remain strong, however, from a historical perspective.

“It’s unusual to see a decrease in U.S. economic optimism when key performance indicators such as profit and revenue are perceived to be on the rise,” says the AICPA’s Arleen R. Thomas. “On the one hand, business executives are encouraged by the impact of federal tax reform and reduced regulation at home, but there is some concern about trade wars, interest rate hikes and other factors that could contribute to a global economic slowdown.”

“Availability of skilled personnel” remains the No. 1 challenge for businesses for the fifth quarter in a row, the survey found.

Other key findings:

  • Forty-nine percent of business executives said the likely impact of increased tariffs and tougher trade policies by the United States would be unfavorable for their business, while 4% said it would be favorable.
  • Sixty-eight percent of respondents said they viewed the predicted impact of the Tax Cuts and Jobs Act on their business for the upcoming 12 months as favorable, with 23% saying their outlook had become more favorable since the start of the year.
  • After availability of skilled personnel, the No. 2 and No. 3 challenges for businesses were “regulatory requirements and changes” and “domestic competition,” respectively.


Grant Thornton’s Burton to Lead AICPA’s Assurance Services Executive Committee

The AICPA has announced that Jim Burton will serve as chair of its Assurance Services Executive Committee (ASEC). Burton is Grant Thornton’s PIC of audit methodology and standards.

Burton will oversee committee efforts related to blockchain, artificial intelligence, cybersecurity and sustainability.

“A member of ASEC since 2016, Jim Burton’s experience, insights and sincere engagement will serve the profession well,” says Amy Pawlicki, AICPA vice president, assurance and advisory innovation.

The ASEC mission is to support the profession in serving the public interest by anticipating, identifying, assessing and addressing evolving market needs and demand for assurance and advisory solutions. ASEC develops relevant thought leadership, guidance, criteria and other member resources.

Burton succeeds Bob Dohrer of RSM International. Dohrer was named AICPA chief auditor earlier this year.