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Inland Empire Chapter

A blog for and by a community of professionals

President's Message

Get Involved, Be Engaged and Participate

August 1, 2014

By Derrick DeBruyne, CPA, CFE

 I’m often asked by students, and less experienced professionals, what they can do to be successful. One part of my response is always the same: Get involved, be engaged and participate. The same is true for those of us with a little more experience. As CalCPA members, we have a valuable resource at our fingertips: the knowledge, expertise and networks of our fellow members.

A great example of this value comes in a recent piece of legislation AB 2415 (Ting), which would require anyone representing a taxpayer and communicating directly with any county official to register with the Secretary of State. CalCPA members were urged to contact their government representatives in Sacramento to present our opposition. Many of you called and sent letters in opposition of this bill. Despite our efforts, this bill made its way through the Assembly and moved on to the Senate. Again, CalCPA members mobilized to urge our state senators to take a close look at the requirements of this bill and its impact on our profession. The bill was scheduled to go before a senate committee and, in the days leading up to this meeting, each committee member received hundreds of calls in opposition of the bill. This, in coordination with the efforts of the CalCPA government relations team, lead to an agreement to modify the bill to exempt most of the types of services that CPAs provide.

Please contact CalCPA’s government relations department for more information on the status of this bill. Without our engaged participation in this process, this bill would have passed and created a negative impact on CPAs.

AB 2415 brought to the forefront the work of our government relations department—something that’s often unseen by most members. Their work in Sacramento is very important, and is not possible without our support. Contributions to the PAC committee are vital to this work in Sacramento; please consider a contribution today.

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Chapter News

Register for the 2014 California Financial Literacy Summit—Aug. 6

Are you a financial literacy volunteer looking for additional training, resources and networking opportunities? Are you considering volunteering your time to promote financial literacy in your community? Do you know of teachers or parents who are interested in bringing financial literacy resources into their schools?

California CPAs, educators, nonprofits, community volunteers, legislators and financial professionals will come together Aug. 6 with a common goal—to fight financial illiteracy.

The 2014 California Financial Literacy Summit
at the Burbank Airport Marriott will provide free educational resources for teachers, volunteer training and opportunities to build connections within the California community to promote financial education and focus on how we can empower the next generation to better manage their finances through education.

More information and registration details to this free event are available online. And stick around for the reception following the event.

Our special thanks to Deloitte, PwC, KPMG, EY, Grant Thornton and the California Teachers Association for their generous support!

CalCPA Accounting Principles & Attest Services Committee Update

By Jessie Powel, CPA
The CalCPA Accounting Principles & Attest Services Committee met at the Four Seasons in Las Vegas May 14-15. The committee discussed both technical issues and issues of importance to CalCPA members. As many of you will notice, the committee has changed its name to better reflect the breadth of the standards that we must all follow, and includes the variety of services we perform for our clients—from compilations and reviews to audit and attest services.

We were privileged to have Colleen Conrad, executive vice president and CEO of the National Association of State Boards of Accountancy, as our guest speaker. She spoke about the mission of the organization and the status of the Uniform CPA Exam program, which it administers, and statistics regarding the growth of the profession throughout the country and worldwide. She was generous enough to share her presentation with members of the committee, which can be made available for a local presentation.

The committee, under the direction of  Matt Lombardi, chair of the communications sub-committee, has been working diligently to improve the committee’s portion of the CalCPA website to make it easier for members to obtain time sensitive information, or to easily link to other websites for research purposes. The committee also has reinstituted the speaker’s bureau for chapters to be able to find speakers on a variety of topics. Finally, the committee is discussing adding an online newsletter to keep members abreast of changes in standards.

CalCPA Governmental Accounting & Auditing Committee Update

By Gardenya Duran, CPA
As chair of the chapter’s GA&A Committee, I attended the June 5 CalCPA GA&A Committee meeting, one of three the committees holds during the year. The committee met to discuss several upcoming issues that will affect local governments throughout the state. Issues that were discussed included the upcoming implementations of:

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Putting It All Together and Letting Your Light Shine

There are four easy steps to develop personal accountability in yourself and those you lead. Join the Temecula Valley Discussion Group as we continue our book study on, “The Question Behind the Question” by John G Miller. We’ll be discussing chapter 34 to the end of the book, “Putting It All Together and Letting Your Light Shine.” For more information or a copy of the book, please contact Grace Clark at GClark@smcocpa.org.

Learn more and register.

The Employee Versus Independent Contractor Issues

With increased scrutiny from state governments and the IRS, the need to properly classify workers as employees or independent contractors is critical. Instances of non-compliance can hit small businesses with substantial penalties. Join the business and industry group as we discuss various tests and guidelines that should be considered when making the employee versus independent contractor decision.

Learn more and register.

Young & Emerging Professionals Group Discussion: Accounting Profession in the 21st Century

What is most important for your career development? Where do we see the young and the emerging professional fit in the 21st century? Come and meet your fellow peers for a roundtable discussion about our careers.

Learn more and register.

Strategy and the Fat Smoker Book Study

Join the Riverside Discussion Group as we continue our study of David Maister’s book, “Strategy and the Fat Smoker.” Author David Maister, who wrote “Managing the Professional Services Firm,” takes a hard look at doing what’s obvious but not easy. Please read chapters nine through eleven prior to the meeting.

To get a copy of the book before the meeting, please contact Carrie Miller at cmiller@rpbcpa.com or (951) 684-7781.

Learn more and register.

Running a Successful Fraud Investigation: Discussion of Tips and Techniques

The forensic accounting discussion group will be holding a conversation about fraud engagements. Come learn about some successful strategies to performing a fraud engagement and how to avoid some pitfalls when performing an investigation.

Learn more and register.

Attorneys Bankers CPAs and Other Professionals Networking Mixer

Be part of the networking opportunity of the year! Attorneys, Bankers, CPAs and other financial professionals can see old friends and make new ones while enjoying hors d’oeuvres, non-alcoholic beverages and one beer/wine ticket (all included with the price of admission). An early-bird discount applies when you register by Sept. 12.

All net proceeds from this event will benefit the Inland Empire Chapter’s Scholarship Fund. CalCPA is a non-charitable organization no portion of your registration fee is tax deductible as a charitable contribution.

Learn more and register.

Member Guest Social Networking Event

Young and emerging professionals, students, CPAs, and other professionals and their guests are invited to attend this networking event. Meet some of the chapter’s leadership team and enjoy light food and billiards. This is a networking opportunity you won’t want to miss!

Learn more and register.

CalCPA News

Free Webcast for Members: Understand the Affordable Care Act

At this Aug. 19 event, learn which ACA provisions are set to go into effect January 2015 and beyond, get an understanding of the primary regulatory changes affecting businesses and review the effects of implementing the ACA’s main provisions.

Register here.

Leadership Institute Applications Accepted

Strong leaders in strategic positions are key to CalCPA’s continued success. CalCPA Leadership Institute is a five-day program designed to teach members skills that will make them better leaders and managers—from identifying personal leadership styles to client management to managing people.

Find more information, including an application, online.
Applications are due Aug. 29.

Professional Issues Update—Coming to a Chapter Near You

Join us for an overview on topics impacting the CPA profession and CPAs in your local community. CPA professionals, including CalCPA leadership, will present on the latest tax issues, legislative and political activities, risk and liability trends impacting CPAs, as well as the Affordable Healthcare Act (ACA) and the new provisions going into effect. Full breakfast will be included. Attendees will earn 3 hours of free CPE.

Cost: Free for members and guests. Invite your colleagues to use discount code PIUGuest at checkout.

Learn more and register today.

Bulletin Deadlines

Keep these due dates in mind if there is something you’d like to publish in the Bulletin. Send information to chapter program associate Monica Thompson.

September Bulletin: Aug. 11
October Bulletin: Sept. 11
November Bulletin: Oct. 9

Save the Dates

Wednesday, Oct. 29: Professional Issues Update at Mission Inn Riverside
Friday, Nov. 7: Student Event

Monthly Archives

Local Interest Groups

From technical committees to discussion groups, the Inland Empire Chapter offers a variety of opportunities to exchange information and connect with your peers. Lists committees or other information within the chapter.


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Contact Us

Division Director:
Membership and Strategic Programming
Jill Gorman
(650) 522-3204

Program Associate:
Monica Thompson
(951) 242-7558

P.O. Box 974
Moreno Valley CA 92556

Chapter Leadership