New York State Society Of Cpas
Accountants across New York State are bracing for significant changes as the New York State Society of CPAs (NYSSCPA) ramps up efforts to address critical issues facing the profession. From emerging technologies to legislative battles, the organization is positioning itself to be a pivotal force shaping the future of accounting in the state.
The NYSSCPA, a professional association representing over 24,000 CPAs in New York, is intensifying its focus on several key areas. These include advocating for members on legislative matters, providing cutting-edge training, and fostering a more inclusive and diverse profession to meet the demands of a rapidly evolving business landscape.
Advocacy and Legislative Action
The NYSSCPA is actively lobbying on several fronts in Albany. This action includes pushing for legislation that protects the CPA designation and ensures fair competition within the accounting industry.
Specifically, the Society is advocating for amendments to existing laws to address the challenges posed by unregulated financial service providers offering accounting-related services without proper licensing. Their legislative agenda for 2024 focuses on protecting the public interest and ensuring a high standard of professionalism.
"We are committed to safeguarding the integrity of the CPA profession," stated Joanne S. Barry, CAE, Executive Director & CEO of the NYSSCPA, during a recent press briefing. "Our advocacy efforts are crucial to ensuring that New Yorkers receive competent and ethical financial advice."
Embracing Technology and Innovation
Recognizing the transformative impact of technology, the NYSSCPA is investing heavily in training programs focused on emerging technologies. These programs include blockchain, artificial intelligence, and data analytics.
The Society offers a range of CPE (Continuing Professional Education) courses designed to equip CPAs with the skills needed to navigate the digital landscape. These courses are aimed at helping members remain competitive and adapt to the changing needs of their clients.
Recent workshops have focused on implementing AI in audit processes and utilizing blockchain for secure financial transactions. NYSSCPA is collaborating with leading tech firms to deliver the most up-to-date and relevant training.
Diversity, Equity, and Inclusion (DEI) Initiatives
The NYSSCPA has launched several initiatives aimed at promoting greater diversity, equity, and inclusion within the accounting profession. These include scholarship programs for underrepresented students and mentorship opportunities for young professionals.
The Society recognizes that a diverse workforce is essential for reflecting the communities they serve and providing innovative solutions. The DEI Task Force is actively working to remove barriers to entry and create a more inclusive environment for all.
"We believe that a more diverse profession is a stronger profession," said Rosemarie Lo Bianco, CPA, President of the NYSSCPA. "Our DEI initiatives are designed to attract and retain talent from all backgrounds, ensuring that the accounting profession remains vibrant and relevant."
Upcoming Events and Opportunities
The NYSSCPA is hosting several upcoming events and conferences designed to provide members with networking opportunities and professional development. These events include the annual CFO Conference and the statewide tax and accounting conference.
These conferences provide a platform for CPAs to connect with peers, learn about industry trends, and earn CPE credits. Registration details and further information can be found on the NYSSCPA website.
The NYSSCPA also offers numerous volunteer opportunities for members to get involved in the organization and contribute to the profession. These opportunities range from serving on committees to mentoring students.
Addressing Challenges and Ensuring the Future
The NYSSCPA is acutely aware of the challenges facing the accounting profession, including talent shortages and increasing regulatory scrutiny. The organization is actively working to address these challenges through various initiatives.
Efforts include partnering with universities to promote accounting as a viable career path and advocating for regulatory reforms that streamline processes and reduce burdens on CPAs.
The NYSSCPA is focused on ensuring the long-term sustainability and relevance of the accounting profession in New York State.
"Our commitment to our members and the public remains steadfast," said Barry. "We are dedicated to shaping a bright future for accounting."
The NYSSCPA will continue its advocacy efforts in Albany, focusing on the passage of key legislation impacting the profession. Members are encouraged to stay informed and participate in advocacy initiatives.
Ongoing training programs will continue to be offered, providing CPAs with the skills needed to succeed in a rapidly evolving environment. Future DEI initiatives are planned to further promote diversity and inclusion.
The Society is urging members to actively engage with the organization and contribute to shaping the future of accounting in New York State. Continued collaboration and proactive measures will be crucial for navigating the challenges and opportunities that lie ahead.
