Orange County/Long Beach Chapter
A blog for and by a community of professionals
October 1, 2014
By Karen Connair
There’s a lot of excitement within CalCPA and in our chapter as we get ready to welcome and recognize our newly licensed professionals. Throughout the state, many chapters will be hosting receptions for these new CPAs to recognize their professional achievement. Our chapter will host a reception Nov. 13 and you can register today.
Just how many new CPAs do we have in California? At the state level within the last 18 months, more than 6,500 professionals received their license and can now add the valued distinction of “CPA” next to their name. Within our chapter, we have 680 new licensees. What an impressive number!
To put this in perspective, let’s go back some years to see how the profession has grown within the state and reflect on the year 1964 (if you read the California Board of Accountancy’s Spring/Summer 2014 Newsletter, this snapshot will be familiar to you). Fifty years ago, there were 9,740 active CPAs licensed in California. In 1964, 970 new licensees throughout the state joined the profession. The old CPA exam was only offered in May and November. In May of that year, 1,924 candidates sat for the exam. A total of 232 candidates (12 percent) passed the exam. The average earnings for a new CPA in 1964 were $6,708.
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We know that you’ve worked hard to get your CPA license, so it’s time to celebrate in a big way with CalCPA and the chapter! If you became licensed within the last 18 months, join us Thursday, Nov. 13, from 6-9 p.m. at the Newport Beach Winery & Vineyards for a night you won’t forget! Enjoy a gourmet turkey dinner with all the trimmings—plus, four varietals of wine grown on the Newport Beach Winery and Vineyards premises.
Yes, you did read it right: CPAs licensed within the last 18 months are cordially invited to attend this event for FREE!
Register or learn more. Contact program associate Nancy Wilson with questions.
Help spread the word about CalCPA and the CPA profession—applications are being accepted for the CalCPA Campus Ambassador Program. Campus Ambassadors are students passionate about pursuing a career in accounting and becoming CPAs and will spend approximately 20 hours of work per semester focused on:
- Building awareness of FREE CalCPA student membership and benefits to students and educators;
- Increasing visibility of CalCPA on campus; and
- Strengthening ties between local CalCPA chapters and colleges/universities.
Campus Ambassadors will receive a stipend of $750 each semester and free admittance to CalCPA chapter events.
Eligibility requirements and application are available online.
California CPAs are the driving force behind one of the world’s largest economies. Isn’t it time you put your leadership skills to use for the betterment of the CPA profession?
The CalCPA Council/AICPA Council 2015-16 application period is open, as is the application period for CalCPA Education Foundation trustees.
More information, including position descriptions, nomination criteria and nomination form can be found online.
Both CalCPA officer and Foundation trustees nominations are due Dec. 1.
The Professional Issues Update roadshow will foster a greater sense of information sharing among CPAs in your area—with a group of experts coming to your chapter, providing a customized update based on geographic, industry and professional trends.
CPA professionals, including CalCPA leadership, will cover tax issues, legislative and political activities, trends related to risks and liabilities for CPAs and a review of the Affordable Healthcare Act’s impact on employers and employees. Additional topics are also being identified.
Register for your chapter’s update.
CalCPA is supporting Manage Your Money Week, a program of the state controller’s office involving state and local government agencies, nonprofit organizations, unions, schools, libraries, financial institutions and financial management associations hosting free money management education events and promoting the importance of good money management practices.
The program takes place Oct. 18-25. All 14 CalCPA chapters are encouraged to find at least one opportunity to make a financial literacy presentation that week. The following chapter presentations have so far been confirmed:
Oct. 20: Inland Empire; Los Angeles
Oct. 21: Channel Counties; East Bay; Los Angeles; San Joaquin
Oct. 22: Channel Counties; Inland Empire; Peninsula/Silicon Valley
Oct. 23: Bakersfield; San Joaquin
There is still time to organize a presentation in your chapter! Please send all event information to David Lo, CalCPA strategic relations manager.