CPA IN Perspective Winter 2016

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1WINTER 2016

MEMBERS

Chair’s Perspective 2Your Trusted Network 3Member Spotlight 4New Members 5Day in the Life 7

THE CPA PROFESSION

Successful Exam Candidates 10Enhancing the CPA Designation 11Professional Development Tools and Resources 14Did You Know? 15

THE SOCIETY

Advocating for Members 19Upholding Integrity 23As Seen on: The Smoke Detector 40

FEATURES

AICPA National Tax Conference 26CPAs Embracing An Expanded Role 282015 PAC Contributors 33Read It Online 39

ContentsC PA I N PER S PECT I V EW I N T ER 2016 | V. 13 - N O. 1

WATCH Search our CPA Day in the Life backstories at youtube.com/incpas

READSee the entire issue online incpas.org/digitaledition

CONNECT CPA Center of Excellence® Online Community: cpacoe.incpas.orgOnline

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PUBL ICAT ION MONTHS: January, May, August and November

CPA IN Perspective is a publication of the Indiana CPA Society and is published by INCPAS. The Society does not assume responsibility for statements therein, nor does publication of advertisements endorse or authenticate products or service. The editor reserves the right to accept or decline any material based on space availability or appropriateness of content. Reproduction or use of editorial or graphic content without permission is prohibited.

Indiana CPA Socie t y 8250 Woodfield Crossing Blvd., #100 P.O. Box 40069 Indianapolis, IN 46240

phone: (317) 726-5000 fax: (317) 726-5005 toll free: 1-800-272-2054 email: [email protected] web: incpas.org

© 2016 Indiana CPA Society. All Rights Reserved.

CPA IN PERSPECTIVE

PRES IDENT & CEO: Gary M. Bolinger, CAE

EDITOR-IN-CHIEF/ ADVERTISING INFORMATION: Dave Shatkowski

MANAGING EDITOR: Stephanie Parton, CAE

CONTRIBUTING WRITERS: Jennifer Briggs, CAE, Elise May

CREATIVE SERVICES ASSOCIATE:Allison Estep

BOARD OF DIRECTORS

OFF ICERS:Steven L. Beardsley, CPA, CVA, Chair John D. Sauder, CPA, CGMA, Chair-Elect Lorita K. Bill, CPA, CGMA, Vice ChairRoger A. Booth, CPA, CGMA, Vice Chair Douglas A. York, CPA, CGMA, Vice Chair

DIRECTORS:Tony T. Bultinck, CPARichard W. Campbell, CPA, CVA, CGMAJennifer R. Clutter, CPA, CGMA Shannon E. Kane, CPA, CGMA Jennifer A. Knecht, CPARebekah S. Payne, CPAErland C. Porter, CPA Nicklas S. Talarico, CPA, CGMAThomas D. Wadelton CPA, CGMA Robert A. Woods, CPA, CGMA

PUBL IC MEMBERS:Benjamin CampbellMcKenzie Scott Lewis

4

CPA IN Perspective 2

NOT UNLIKE THE REST OF THE WORLD, OUR PROFESSION IS CHANGING AT A BREAKNECK PACE. EVERYTHING WE DO IS BEING IMPACTED BY TECHNOLOGY, CULTURE, COMPETITION AND REGULATION. WHILE THIS CREATES GREAT OPPORTUNITY, IT ALSO CREATES GREAT DANGER.

The AICPA has been studying this and has formed strategies to deal with the challenge of the globalization of the profession. Starting in 2011, a strategic alliance was begun with the Chartered Institute of Management Accountants that created the CGMA designation. Among the reasons for the joint venture is the fact that there is competition internationally to be the global leader of the profession. The AICPA is fighting hard to be that leader, to make sure that the core values that define the U.S. CPA prevail. These values include a commitment to ethics, quality and protecting the public interest. At the fall Council meeting, we were presented with a plan to create a closer association with CIMA while continuing to maintain our autonomy. This new Association would work together in a commitment to advance the profession consistent with the ideals of professionalism that have been a hallmark for the CPA.

In order for this Association to be formed, a member vote will need to be taken this spring to approve this formation. All who are members of the AICPA will receive additional information explaining this Association further at a later time. At the Council meeting, each state society was asked to endorse this collaboration. I am proud to say that at the INCPAS Board retreat in November, Indiana was one of the first societies to make this endorsement.

The next step will be a series of AICPA Council meetings in March 2016, at which the Council members will be asked to vote on the proposal. If approved, you will have the opportunity to cast your vote in April or May if you are an AICPA member.

If we fail to act, I fear that the U.S. CPA designation is in danger of losing relevance. I also feel that doing nothing in the face of global competition is not an option. I personally urge you to vote for this proposal.

This year the board embarked upon the implementation of INCPAS 2025, the aspirational document formulated by the board last year. Among other things, this document defines success and failure of INCPAS 10 years out and presents four bold challenges that we need to strive to achieve in order to be successful.

Our first step was to create three task forces to develop a framework of how we will proceed in implementing our vision for 2025. The first task force dealt with Public Relations. Their deliverable was to consider our current strategic plan and the four bold challenges of INCPAS 2025

related to public relations and branding. The Key Results Task Force was charged with examining the status of programs, services and value-added activities, and to make recommendations for key results in achieving the INCPAS 2025 bold challenges in terms of metrics, financial results and aspirations. And the Advocacy Task Force was faced with proposing the level of advocacy appropriate for INCPAS, how to decide for which issues we should be involved in advocating and how to react appropriately on a time-sensitive basis. Each task force presented powerful recommendations at our board retreat, and these will be presented to Leadership Cabinet/Emerging Leaders Alliance in May. The information also will be in future issues of CPA IN Perspective.

Please be aware of upcoming Society events and make an effort to attend those that enhance your career. You’ll benefit greatly from your participation. One is the Controllers Conference on March 24. This is a great opportunity to get together with other CPAs who are employed in industry. Besides the excellent presentations provided, the opportunity to network is highly valued. Later, on May 6, is the Educators Conference. This is a popular program, and any CPA in education will not want to miss it. INCPAS Leadership Cabinet and Emerging Leaders Alliance meets May 19-20 in Indianapolis, and we’ll hear more on this year’s task force results, as well as a preview of next year. Of course there will be a variety of other topics, and you won’t want to miss the Annual Business Meeting on May 20.

The CPA Center of Excellence® continues to grow. The Insight Toolkit for core competency assessment is gaining interest, and the new Online Interactive Course on ethics is a great addition to our competency-based courses. If you haven’t checked these out, you need to go to cpacoe.com and explore.

Finally, as we begin another new year, it seems like most of us in the profession are faced with challenges this time of year. If you are practicing in public accounting, the inevitable busy season crush of taxes and December year-end A&A work has started. In industry, if you had a December year-end you were involved in the closing of your books for audit or tax preparation. In education, another semester is just beginning. All this may make you wish there was something to look forward to. What’s that? CPA Celebration is being held again in May. You have something to look forward to! Be sure to sign up for this event. We get to honor the accomplishments of many of our peers, enjoy an excellent meal, see old friends, and try your luck at the casino tables. It is always a fun event. I hope to see you there.

[email protected]

Doing Nothing is Not an OptionBy Steven L. Beardsley, CPA, CVA

Chair’s PerspectiveMEMBERS

3WINTER 2016

PROMOTIONSJennifer Barnes, staff accountant, Alerding CPA Group, Indianapolis.

Hilary Clendenning, CPA, manager, The Watermark Group, Indianapolis.

Nicholas Eichelman, CPA, senior manager, Dessy Tcholakova, senior associate, James Ward, CPA, manager, Tomi Yoshitomi, CPA, director, BKD, LLP, Indianapolis. Laura Haffner transferred from BKD, LLP Fort Wayne office to Indianapolis.

J. Kevin Johnson, CPA, chief executive officer, Kocolene Development Corporation, Seymour.

Sarah Kuehl, senior accountant of nonprofit financial services; Kira Sexton, CPA, director of financial industries; and David Youngblood, CPA, senior manufacturing and distribution/private tax clients, CliftonLarsonAllen, Indianapolis.

APPOINTMENTSPete Buck, CPA, controller, Lilly Endowment Inc., Indianapolis.

Jay Collins, CPA, vice president of finance, FirstPerson, Indianapolis.

Jean Patterson, CPA, manager, Entrepreneurial Services, Alerding CPA Group, Indianapolis.

Claudette Pickens, CPA, CGMA, senior managing consultant, BKD LLP, Indianapolis.

MEMBER NEWS

Matt Beardsley, CPA, JD, was elected as city judge in Frankfort.

Wes Williams, CPA, received AICPA’s 2015 Sustained Contribution Award for volunteer service to the CPA profession and AICPA.

FIRM NEWSAllman Johnson CPAs, Indianapolis, was named a Firm of the Future in a nationally recognized contest hosted by Intuit®.

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Continued on page 38...


Member SpotlightMEMBERS

Chief Financial Officer/Vice President of Finance Sun King Brewing Company

What keeps you up at night? Managing the financial well-being of Sun King.

Would you like to be featured as the next Member Spotlight in CPA IN Perspective? Email INCPAS Director – Marketing Communications Stephanie Parton, CAE at [email protected].

BRAD CORNELIUS,CPA

What made you decide to become a CPA? I always had a passion for math and planning, so becoming a CPA was a natural fit.

What advice would you give to someone just starting out in the profession? Don’t be afraid to take a calculated risk to follow your passion.

What’s the best thing you’ve read recently? A thank-you letter from a group of students I met and helped with a real-world project.

How do you unwind after a busy day at the office? A Sun King beer of course!

What’s your favorite app and why? Facebook – it helps me stay connected to the people I love.

What’s on your desk right now? A couple of pictures of my family and my 2014 and 2015 Junior Achievement “Indy’s Best and Brightest” finalist awards.

5WINTER 2016

INCPAS welcomes new and returning members from August 1-October 31, 2015.Welcome New Members

AFFILIATE - BUSINESS PROFESSIONAL

Randle B. Pollard, Kelley School of Business Indianapolis

AFFILIATE - NON-CPA ACCOUNTINGWendy Day York, MW Banks Consulting, LLCTiffany S. Egan, Marietta Financial Services,

Inc.Lance A. Lorntz, Randy D. Fry, CPA, PCYvonne Milligan, UmbaughDeborah A. Ransburg, Brammer & Yeend Prof

CorpGary Simmons, Simmons CPA Group, PCTimothy J. Thieme, Thieme and Adair, CPAsJennifer Tuttle, LaGrange County Community

FoundationJoy L. Winch, Dawes & Pugh CPAs, LLC

AFFILIATE - PARAPROFESSIONALVanessa D. Callies, Stephen C. Haworth PCMary Hanaway, Thieme and Adair, CPAs

ASSOCIATEAllison S. Bayley, UmbaughCaroline A. Bennett, BKD, LLPJohn Cary, DeloitteMitchell D. Eschweiler, UmbaughMatthew D. Filar, EYShanna M. Gatesman, BKD, LLPCourtney Girt, Miller Financial Management,

LLCBrigitte B. Hackler, BGBC Partners, LLPDanny C. House, Somerset CPAs, PCKristen L. Krauss, KPMG, LLPJohn D. Merrick, CliftonLarsonAllen LLPCharles Poisson, Anthem, Inc.Spencer A. Schafer, Rowley Bushue & Co.Nathan J. Steinacher, PricewaterhouseCoopers,

LLPJason R. Taulman, BKD, LLPPaige A. Troxel, BKD, LLPJoshua M. Vander Missen, BKD, LLPChad M. VanLiew, Blue & Co., LLCLawrence A. Wesco, Crowe Horwath LLPAmy C. Williams, KB Parrish & Co., LLP

CANDIDATENicholas D. Ackerman, BKD, LLPHillary Armstrong, Dahms & Yarian, Inc.Kelly E. Bedford, BKD, LLPLeah M. Bradley, Bradley Associates

Adam T. Brill, BKD, LLPNohemi Brown, Monroe County YMCAClaudia A. Burns, Summit CPA GroupT. Michelle Christian, Commissioning Agents,

Inc.Hila S. Collier, Sherck, Hussey, Johnson &

McNaughton, LLCStanley A. Cope, Dauby O’Connor & Zaleski,

LLCAnthony Coston, Swift & Associates, CPAsTreavor A. Dodsworth, Northwest Financial

Services, Inc.Patricia Doi, DeloitteBradley J. Drysdale, LCPA Group LTDZachary T. Faw, Kemper CPA Group, LLPSara H. Fleischmann, Riney Hancock CPAs,

PSCEric Foist, Bradley AssociatesChelsea N. Geiger, BKD, LLPKala B. Greenwell, L. M. Henderson &

Company, LLPRoss Hagen, UmbaughEmily B. Heckaman, Dauby O’Connor &

Zaleski, LLCArec J. Hess, BKD, LLPRobert D. Huff, Riney Hancock CPAs, PSCJeffrey J. Jurgonski, Kruggel Lawton CPAsChad W. Kepner, MGA Professional

CorporationPriyesh M. Kheradia, MGA Professional

CorporationVeronica J. Knuth, ATM and Company CPAsAndee L. Lowry, BKD, LLPMatthew J. Malloy, BKD, LLPJonathan J. Martin, Bollenbacher & Associates,

LLCBrad Meier, Kruggel Lawton CPAsKayla L. Miser, Baden Gage & Schroeder, LLCAndrew C. Nguyen, BGBC Partners, LLPMichael F. Parsons, Dauby O’Connor &

Zaleski, LLCCheryl L. Patterson, MGA Professional

CorporationKatie A. Phillips, BGBC Partners, LLPAndrew R. Pittman, Blue & Co., LLCBenjamin F. Rudman, BKD, LLPGabrielle M. Schingel, BKD, LLPAlexander M. Schneider, BGBC Partners, LLPJosanna Seabolt, David Culp & Co. LLPMatthew D. Shonkwiler, BKD, LLPAlexander H. Stewart, BKD, LLPRaphael H. Stutz, BGBC Partners, LLP

Kevin M. Timmerman, BKD, LLPSandon T. Vieth, BKD, LLPDebra Wilcox, Wilcox Management

CorporationMegan N. Wolf, BGBC Partners, LLPHlawn Kip Tlem Zathang, BKD, LLP

RESIDENTChristian A. Adams, CPA, Roche Diagnostics

CorporationGail A. Amstutz, CPA, Indiana Institute of

TechnologyRachel K. Anthony, CPACrystal M. Arthur, CPA, Project CorporateBryan M. Back, CPA, Katz, Sapper & Miller,

LLPSteven D. Baker, CPA, Rowley Bushue & Co.Glenn W. Ball, CPA, Efthimiou, Ball &

Company, LLCJaclyn A. Beattey, CPA, DeloitteAlyssa J. Beck, CPA, Katz, Sapper & Miller, LLPBruce M. Bittner, CPA, Church, Church, Hittle

& AntrimStephen D. Blevins, CPAMichele N. Bottoms, CPA, Vera BradleyBrett A. Breedlove, CPA, Katz, Sapper & Miller,

LLPJacob V. Brown, CPA, Baker Milligan CPAsSam M. Brown, CPA, Hulman & CompanyMichael M. Bruckner, CPA, Bruckner

Consulting, Inc.Spencer S. Burkhart, CPA, Burkhart Insurance

AgencyAbby Butler, CPA, First Merchants CorporationMichael A. Cahill, CPA, DeloitteSean E. Clark, CPA, J.D. Byrider Systems Inc.Daina R. Cloer, CPA, MHI Climate Control, Inc.James R. Comerford, CPA, Comerford & Co.,

CPAsAimee M. Congleton, CPA, Nucor SteelJohn C. Cox, CPA, Bastian Material HandlingThomas D. Crawford, CPA, St. Vincent

Frankfort HospitalRex A. Davidson, CPA, Davidson & CompanyPhil J. DeStefano, CPA, Specialty Coating

Systems, Inc.Kory K. Dickerson, CPA, Anthem, Inc.Layna E. Diehl, CPA, Ambassador Enterprises,

LLCNicholas A. Diehl, CPA, Crowe Horwath LLPAlison L. Duane, CPA, ITT Educational

Services, Inc.

New MembersMEMBERS


Vinya C. Dunbar, CPA, Indiana Housing & Community Development Authority

Michael A. Fano, Jr, CPA, White LodgingStephen Feider, CPA, OurHealth LLCDaniel M. Fitzpatrick, CPA, Dan Fitzpatrick

Consulting, LLCSusan A. Fleener, CPA, Indiana UniversityMegan L. Galvin, CPA, Interactive IntelligenceLinda H. Geer, CPA, Ondrovich & Associates,

PCStefanie R. Gerardot, CPA, Crowe Horwath

LLPSara K. Gobble, CPA, Family Horizons Credit

UnionMelanie D. Gray, CPA, CNO Financial GroupColt Haberlin, CPAThomas C. Hagenberg, CPA, Indiana

UniversityDavid B. Haggard, CPA, Estep Burkey Simmons

LLCRobert C. Haltom, CPA, First National BankMyron D. Hamas, CPA, Resources Global

ProfessionalsCarla S. Harris, CPA, PricewaterhouseCoopers,

LLPKimberly S. Hartman, CPA, Haines, Isenbarger

& Skiba, LLCStephen T. Headdy, CPA, Crowe Horwath LLPJoshua W. Herrington, CPA, DeloitteKaren L. Hitt, CPA, McGladreyDonald Holland, CPA, Indiana University

South BendRichard M. Hurst, CPA, IVM Inc.Susan Husselbee, CPA, Diana N. Ingemanson, CPA, White Wolf LLCMarc D. Isaacs, CPA, Flanders ElectricKyle R. Jackson, CPA, Sun King Brewing

CompanyLucas R. Johnson, CPA, Hamernik, LLCTimothy W. Kay, CPA, Press Ganey Associates,

Inc.Phillip J. Kestermeier, CPA, Rowley Bushue &

Co.David E. Kitz, CPA, Nicholas Company, Inc.Arnold R. Klahr, CPA, New Creation MinistriesJoseph D. Kozerski, CPA, Barrett & Stokely, Inc.Neil J. Kuhlman, CPA, Ardagh GroupRobert S. Lawyer, CPA, Meyer & Najem Corp.Michael E. Lipp, CPA, Michael E Lipp &

Associates, PCMatthew R. Lynn, CPA, Crowe Horwath LLPScott L. McFarland, CPA, American Legion

National HeadquartersLee A. Morton, CPA, First Source BankMatthew N. Nafziger, CPA, Crowe Horwath

LLPChristopher P. Newman, CPA, CPN Solutions,

LLCMatthew D. Ninkovich, CPA, NIPSCOCarmen N. Nutt, CPA, Ardagh GroupBryan M. Orr, CPA, Kratos Defense Security

SolutionsMelinda J. Owens, CPA, Debits n’ Credits Inc.Jean R. Patterson, CPA, Alerding CPA GroupMitch A. Pletcher, CPA, Crowe Horwath LLPLori J. Porten, CPA, Somerset CPAs, PCEmily Pressler, CPA, Whirlpool CorporationZachary C. Raderstorf, CPA, EYNeena O. Reeve, CPA, Mutual of OmahaScott B. Riggs, CPA, Meridian Health Services

CorpErvin E. Rockhill, CPA, JP Kane Co., LLCLaura M. Russelburg, CPA, Vaco FinancialJennifer K. Ryan, CPA, L. M. Henderson &

Company, LLPChristine A. Sander, CPA, Jasper GroupTimothy L. Schluge, CPA, Jongleux CPA Group,

P.C.Lara C. Schmutte, CPA, Lara C Schmutte, CPAAndrew T. Schroeder, CPA, Gibson InsuranceKyle B. Scroggin, CPA, Crowe Horwath LLPDavid P. Sears, CPA, BluebridgeMason D. Sessions, CPA, Crowe Horwath LLPMichelle D. Skeen, CPA, CNO Financial GroupRobert D. Smeltz, CPA, Smeltz & Company,

LLCRobert J. Sokol, CPA, Robert Sokol, CPA, LLCWendy A. Stevens, CPA, Mina Business

SolutionsMary J. Steward, CPA,

PricewaterhouseCoopers, LLPEric T. Thaman, CPA, Crowe Horwath LLPAndrew J. Thompson, CPA, Lincoln Financial

GroupKimberly H. Tiesch, CPA, CNO Financial

GroupJames R. Wade, CPA, Katz, Sapper & Miller,

LLPPatrick J. Walsh, CPA, Crowe Horwath LLPBlake A. Wathen, CPA, Harding, Shymanski

& Co.Kevin J. Watson, CPA, UmbaughRobert A. Wedding, CPA, BKD, LLPAshley E. Whitlock, CPA, Toyota Material

Handling, USA, Inc.Brandon M. Woolen, CPA, Pioneer Oil

Company, Inc.Jeffrey R. Zartman, CPA, Eli Lilly & CompanyGregory S. Zeigert, CPA, LaSalle Bristol

SENIORJames D. BayerThomas L. GillenStephen C. Poe

STUDENTDan A. Albert, Marian UniversityThomas Nathan. Allen, Purdue University

CalumetDavid Allspaw, Franklin CollegeNichol L. Almodovar, Indiana University

NorthwestEvan C. Anttonen, Indiana UniversityLindsay C. Arlt, Indiana Wesleyan UniversityRebekah Bales, Ball State UniversityJessica M. Bartalone, University of

IndianapolisAlexander R. Bartlow, Butler UniversityAshley Bauer, Indiana State UniversityYiting Bian, Purdue UniversityNicole Blakeley, Purdue University CalumetSamantha J. Bogunovich, University of

IndianapolisAndrew R. Bryant, University of IndianapolisDerrick W. Buis, Indiana State UniversityDiane K. Buntin, Western Governors UniversityAbigail J. Burgan, Indiana University South

BendAndrew B. Cahill, Indiana Wesleyan UniversityKelsey Carmack, Indiana University South

BendKirsten L. Carmichael, Indiana University

South BendSteven Childress, Purdue University CalumetAddison Clouse, University of IndianapolisSean Coleman, Indiana University South BendKenzie E. Coop, Indiana University South

BendJacqueline V. Cosby, Purdue University

CalumetSusan E. Cowen-Jenkins, IUPUIJessica A. Czerwinski, Purdue University

CalumetLuke H. Danhof, Indiana Wesleyan UniversityDaniel R. Delaney, IUPUIEmily Denney, Ball State UniversityJoseph S. Devon, Purdue University CalumetAbdramane D. Diallo, IU Kelley School of

BusinessRamatoulaye Diallo, IUPUIKorka D. Diatta, IUPUIAdam M. Dobrzykowski, Indiana University

South BendBrent C. Dunn, Indiana University Northwest

New MembersMEMBERS


7WINTER 2016

ALMA MATER: Purdue University

WHY CPA: My high school accounting class. I was also influenced by my mom and sister who are also accountants. At first, I was probably more after the prestige of the title and the many doors that I thought being a CPA could open for me in my career. I never thought I’d become a VP of a company at 30 years old.

PREVIOUS POSITIONS: Controller at Inovateus Solar for two years and senior staff accountant at Kruggel Lawton & Company LLC, in South Bend for five years.

WHAT THE COMPANY DOES: Provide solar integrated systems (panels) for customers by harnessing free energy from the sun.

HOW YOU GOT CONNECTED: I worked for the public accounting firm that performs the annual audit and was one of their “dreaded auditors.” They were always my favorite company because I thought the industry was very interesting. When Inovateus needed a controller, it turned out to be a perfect fit because I already had so much experience working with company.

SIZE: We have 27 employees and $25 million in revenue. We added almost 10 of those employees the past year alone, so we’re growing fast!

DIRECT REPORTS: The accounts receivable, accounts payable, administration, IT and marketing departments.

JOB DESCRIPTION: Head of all accounting, financial and administration functions of the company. I am a part of the executive team and report all financial information to the board of directors. I also oversee IT and marketing, and serve as the human resources and benefits manager. Something extra: A good portion of my time is spent in HR functions, so I’m continually looking to improve the company’s benefit programs, special events and office culture.

INCPAS INVOLVEMENT: Volunteer for INCPAS Game On and Scholars programs for high school students.

WHY ARE YOU INVOLVED WITH INCPAS: I’m involved in the Indiana CPA Society because I think it is a great resource to help stay current

Lindsey Bauer, CPA

Day in the Life of a CPAMEMBERS

VP OF FINANCE AND ADMINISTRATION – INOVATEUS SOLAR, SOUTH BEND

WATCH: See the rest of Bauer’s story with an interview at youtube.com.incpas.

“At first, I was

probably more after

the prestige of the

title and the many

doors that I thought

being a CPA could

open for me in

my career. I never

thought I’d become

a VP of a company at

30 years old.”


on the accounting world. Now that I’m not in public accounting, it is more difficult to stay “in the know.” The Society offers several CPE opportunities which are both educational and great networking opportunities.

WHEN I’M NOT AT WORK

FAMILY: Recently engaged with our wedding coming up next May. Just bought a house with my fiancé.

HOBBIES: I love to travel! I love exploring new cities, finding amazing restaurants and buying unique items. I also love to run and just enjoy being outside as much as possible.

OTHER MEMBERSHIPS/COMMUNITY INVOLVEMENT: I’m a member of the Renaissance Executive Forums CFO Group in

South Bend, and also am an active volunteer for fundraising events for Big Brothers Big Sisters of St. Joseph County.

TIPS FOR NEW TALENT

Advice for students considering the profession: Study hard for the CPA Exam! Don’t give up and don’t get discouraged if you don’t pass on your first (or second) time.

Advice for young pros wanting to advance in the profession: Learn about several different industries, not just accounting. Take the time to learn about other areas that may interest you. Get to know your clients! You never know where your next opportunity may be. And be a good leader. Whether you’re in private or public practice, there is nothing more valuable than being a good leader in your organization.

My company encourages “destination” continuing education as a way to get out of the office and relax while earning my CPE credits. Just recently, I spent a week in Napa, Calif., where I earned 35 CPE credits and also enjoyed a small vacation.

Think Tank Fridays where all team members join for breakfast in the conference room and brainstorm various ideas related or unrelated to the solar industry, depending on the topic for the week.

Season tickets to the South Bend Cubs games, so everyone has the chance to sign up for tickets to a game and take three friends or family members.

Company cookouts, annual holiday party, FitBit challenges and casual dress code.

COOL COMPANY PERKS

Day in the Life of a CPAMEMBERS

DAY IN THE LIFE

5:50 A.M.: The light on my alarm clock turns on, a very dim light, and the first of three alarms. The light gradually gets brighter over the next half hour, until it hits its full brightness at 6:20 a.m. It’s supposed to mimic the sunrise, and release serotonin in my brain to help me wake up in the morning, at least that’s what I was told before I bought it.

6:50 A.M.: After snoozing a few times, the third and final alarm fills the room and now I know if I don’t get up, I will be late to work. I quickly read through a few emails and head downstairs to begin my usual routine.

7:55 A.M.: “It’s what time?! I need to go!” I hop in the car and head into the office. I make mental notes of everything I need to accomplish that day. As the VP of finance and administration, this could mean HR and personnel related manners, financial reporting, or everything in between.

8:14 A.M.: I get to work, turn on my computer and head to the coffee machine. I reply to a few emails and make my list of things to do for the

day. I already have my mental list, but writing it down makes those daily goals official and I cannot leave until they are complete.

8:50 A.M.: The administration team heads into my office for our quick morning huddle. We discuss our individual goals for the day and ensure those goals are in line with our weekly goals for our team. After five minutes of discussion and follow up, we all head down to the conference room for our Monday morning full team meeting.

9 A.M.: Our Monday morning meeting begins with a personal best for the prior week. Each team member shares their personal best with the entire team. From there, the VP of sales, executive vice president and I all share our top five goals for the week. We discuss who is traveling for the week, who is out of the office, who is coming into the office, meetings that are planned, and share any other announcements necessary.

9:30 A.M.: Key personnel on the team stick around and we start our project review meeting. This is the most important meeting

I’ll have all week, aside from our monthly meeting tomorrow. We review every single active project to determine the status and what action items need to be taken the remainder of the week to accomplish our goals. After an hour of project updates, the meeting adjourns and I head to the coffee machine for my second and hopefully last cup of coffee for the day.

10:30 A.M.: I sit down at my desk and review our cash flow for the week. I send out a weekly report to the shareholders to let them know how much money came in and went out last week, and how much money I expect to come in and go out this week. I balance the cash in our accounting software to my cash report in Excel and send out the report. Just as I hit send, my accounts payable manager informs me of a check and a wire that must go out today. We missed the insurance check last week and if we don’t make the wire for a down payment today, we may not get the racking delivered in time! I sign the check, call the bank for the wire transaction, update the weekly report, and now it’s time for lunch.

9WINTER 2016

BIG-NAME CLIENTS: IKEA, GE, Cuisinart and Shedd Aquarium 12:30 P.M.: My coworkers and I head to

Uptown Kitchen. The food is all organic and locally grown. I eat my usual chicken salad and converse with my coworkers. It’s the perfect break and a recharge to my brain and energy levels for the last half of the day.

1:45 P.M.: Since our monthly meeting is tomorrow, I have finished closing the books for the prior month and begin my review of our financial statements. I review our revenue dollars, margins, and expenses against the annual budget and document significant variances in comments on the financial reports. Once this is finalized, I work with our executive vice president to update the Expected Annual Profit report which forecasts the net income at year-end based on his expectations of job completion.

4:15 P.M.: There is a knock at my door. An employee has a question regarding our insurance coverage. I help answer his question, review the policy with him and furnish him with the appropriate forms to fill out and return. I respond to a few emails, and suddenly realize it’s 5 p.m.

5 P.M.: This is the most productive part of my day. The office is quiet and my brain is at its peak alert hour which gives me the perfect opportunity to finish up the remaining goals I have for the day. I print the reports for the meeting in the morning and check off the final items on my to-do list before shutting down.

6:05 P.M.: I leave for the day and head to the gym. I hop on the treadmill for a half-hour run. It’s November, so it’s too cold and too dark to run outside. The treadmill will have to do until April. The endorphins are just what I need to finish out the day before heading home to my fiancé.

7:15 P.M.: I get home, take a quick shower, and determine what to make for dinner. My fiancé has just returned home as well. We make dinner together. I pour a glass of red wine and

sit down to eat. We talk about our upcoming wedding and the plans to move into our new house. We clean up our dishes and head to the couch to relax.

9:30 P.M.: My guilty pleasure is some good TV drama. Luckily “The Royals” was renewed for a second season, so I have that waiting for me on the DVR. My fiancé claims it’s not his thing,

but he still watches every episode with me from start to finish.

10:45 P.M.: I crawl into bed, set all of my alarms, and debate between “Friends” or “Fixer Upper” reruns to fall asleep to. I choose “Fixer Upper.” I set the TV timer, turn down the lights, and even though I consider myself nocturnal, I seem to rarely make it to the end of the episode. This time is no different and before I know it, the dim light of the fake sunrise is breaking once again.

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Successful Exam CandidatesTHE CPA PROFESSION

Doris Almaraz Ryan D. AnoskeyLauren Barks

Michael D. Barton, Petrow, Leemhuis, Vincent & Kane, PCMadeline R. BeuoyAnne Boese, BKD, LLP

Adam T. Brill, BKD, LLP Jacob V. Brown, CPA, Baker

Milligan CPAs Joshua J. Brown, Kruggel

Lawton CPAsSarah L. BrownTara L. BrownMary E. BuenteWilliam C. Claywell

Amber M. Colbert, CPA, Colbert AccountingKyle Covault

Sarah E. Cross, CPA, CliftonLarsonAllen LLPJonelle E. DavisMitchell DeruckiRyan DeSmithConner J. EwingAustin S. Fisher, Blue & Co., LLCRobert C. FrangiHogan W. Garrison, Thompson ThriftDaniel R. GlaserAndrew J. Gorsage

Jacob M. Grimm, Summit CPA Group

Garrison J. Gudeman Brigitte B. Hackler, BGBC

Partners, LLPBenjamin HasserMark C. Heine, EYShaun HeinzelmanSarah Hoeing

David M. Hoover Danny C. House, Somerset

CPAs, PCLauren A. HudakHaley D. HunterMahdee IqbalBenjamin D. Irwin

Kyle R. Jackson, CPA, Sun King Brewing Company

Andrew K. Jones, Greenwalt CPAs, Inc.

Samuel D. Jones Marc E. KemenNaYoung KiCorey Klausing

Jonathan D. Klem, BKD, LLPDavid KorbAustin J. KubitLauren C. LambrechtChristopher S. LeeHarrison S. MannWade G. MarkleyNathan Mauro

Katherine E. McCarty, Fitzgerald / Isaac LLC

Steven M. McIlwain

Scott McKaigJennie L. McMasterNicholas W. Merkel, Crowe Horwath LLP

Sarah C. MickelsonDavid R. MillerLucas Mueller

Douglas M. Murphy, Dauby O’Connor & Zaleski, LLCChristine L. NelsonAustin C. Parrish

Elizabeth A. PaulusPenny M. PickettNathan T. Pratt, EYChristina Quinn

Brian C. Rash, KB Parrish & Co, LLPRobin B. Raypole

Thomas A. Reese, PricewaterhouseCoopers, LLPMatthew D. ReinholtAlix E. Richardson

Todd M. RoachAndrew RodgersAlan RohrerDaniel Ryan

Spencer A. Schafer, Rowley Bushue & Co

Andrew T. Schroeder, CPA, Gibson InsuranceEric J. Scott

Kyle B. Scroggin, CPA, Crowe Horwath LLP

Tatiana E. Sims, Slattery & Holman, P.C.Ashley B. SovineEsther SteffenAmy K. Stromberg

Jason R. Taulman, BKD, LLPEmily J. Taylor

Dessislava D. Tcholakova Kimberly H. Tiesch, CPA,

CNO Financial Group Kevin M. Timmerman, BKD,

LLPJohn T. TottenCole L. Tribbett

Paige A . Troxel, BKD, LLPJaci L. Turner

Renee N. Urrutia Joshua M. Vander Missen,

BKD, LLP Chad M. VanLiew, Blue & Co.,

LLCErin Vetor

Sandon T. Vieth, BKD, LLPAndrew M. WallaceYuntao WangSeth R. WanlassElizabeth M. White, CPA

Brent A. Wiedemann, CPA, Bollenbacher & Associates, LLCKristen M. WillibeyLisa A. WillsonJianhua XuYing Zhao

Congratulations Exam CandidatesSuccessful Exam Candidates: July/August 2015 Window


Jamie L. Adair, CPA Melanie A. Baggs, CPA,

Angie’s List Zachary S. Baron, CPA, BKD,

LLP Ashley M. Benton, CPA,

CliftonLarsonAllen LLPDavid M. Bowler, CPA, Vectren Corporation

Grant K. Brackin, CPA, BKD, LLPDaniel Bullock

Elisse M. Chapman, CPA,

Crowe Horwath LLPMeng ChenTad R. Chew, CPA

Michelle R. Chupp, CPA, Kruggel Lawton CPAsLatrice N. Clark, CPA

Aaron J. Conklin, CPA, Springleaf Finance, Inc

Tiffany A. Dillon, CPA, CGMA, Somerset CPAs, PCChristopher R. Dunn, CPA, Westport Homes

Joseph G. Edwards, CPA,

Estep, Doctor & Co, PCZachary L. Enos, CPALauren E. FilogamoLeroy FloresMatthew J. Garant, Rowley Bushue & CoPaige GelardenAndrew A. Gingo, CPALawrence R. Green, CPA

Reed E. Haines, CPA, PricewaterhouseCoopers, LLP

Lufi Handri Utami, CPA, Adayana, Inc.Grace R. Hanson

James D. Harrison, CPA, Crowe Horwath LLP

Eric M. Henson, BKD, LLP

Abigail M. Hewitt, CPA, Whitinger & Company, LLC

Eric M. Hoefflin, CPA, Blue & Co., LLC

Matthew J. Howard, CPA, CVA, Blue & Co., LLCJing HuangJohn F. HuettnerCatherine Hurt, CPAJoshua C. Jordan, Cox, Beckman, Goss & CompanyLindsey D. KealCaitlin M. Keepes, CPABenjamin J. KincaidEric B. KnudsonBrian J. Lafata

Due to a delay and mislabeling of a successful Exam candidates list, the April/May 2014 window of successful exam candidates was not printed in CPA IN Perspective. You can now find that list below.

11WINTER 2016

“Game On: CPAs in Action is a great way to expose a large group of high school students to the CPA profession,” said Ali Paul, INCPAS director-diversity and outreach. “Many high school students have a very unrealistic idea of what a CPA is and what they do. This event aims to highlight the wide range of opportunities within the CPA profession and really helps students see how exciting the CPA profession is.”

WHAT IT ISGame On is an award-winning, five-hour interactive program that

introduces high school students to the CPA profession. This event includes a fast-paced agenda that keeps students engaged and on their toes, as well as breakfast, lunch and giveaways.

WHERE IT ISGame On was started in Indianapolis, has recently expanded into

Fort Wayne and South Bend, and will soon be held in Gary. In India-napolis, the program starts at a central location – the Hilton downtown – then INCPAS members working at nearby firms and businesses walk the students back to their offices for tours. In other cities, the program’s central location is a company or firm that volunteers to host and also provides the office tour.

WHO PARTICIPATESStudents

High school students with an interest in finding out more about the CPA profession. Participating schools agree to send minority students to help increase exposure of the designation and subsequently the chances for future diversity in the profession.

CompaniesCPA firms or companies with CPAs on staff volunteer to give the

Game On students tours of their facility, share their experiences of being a CPA and answer any additional questions students might have.

2015 Participating Firms and Companies in Indianapolis

Enhancing the CPA Designation Through Academics & DiversityTHE CPA PROFESSION

Game On: CPAs in Action

As part of the ongoing initiative to build the talent pipeline into the profession, INCPAS created

the Game On: CPAs in Action program in 2008.

Elise MayINCPAS Marketing Communications & PR Coordinator

SAMPLE EVENT AGENDA FOR STUDENTS

9 a.m. Registration & Breakfast9:15 a.m. Welcome from Indiana CPA Society9:20 a.m. Panel Discussion: High School to CPA -

What It Takes! Panel discussion featuring a wide range of CPAs in public, nonprofit and business and industry.

10:30 a.m. Business Etiquette Workshop An interactive workshop providing guidance on how to behave in a business environment.

10:45 a.m. Firm/Company Tour Office tour of public accounting firm or company employing CPAs to learn about and see what CPAs do on a daily basis.

11:45 a.m. INCPAS Scholars: Info Session Learn more about the INCPAS Scholars program and how to get involved.

11:55 a.m. National Association of Black Accoun-tants’ ACAP Program: Info Session Learn more about the NABA accounting career awareness program.

Noon Lunch & Table Discussion Opportunity to share with your table what you learned at the office visit.

12:30 p.m. Forensic Accounting Case Study Students have the opportunity to immediately put their accounting knowledge to work by doing a forensic accounting case study.

1 p.m. Conclusion

AnthemBGBC PartnersBlue & Co., LLCDeloitte

Ernst & YoungKPMGOneAmericaPile CPAs

PwCSalesforceSponsel CPA Group

“I would like to thank those who give their time and talents to young people in our city. This

type of work changes lives.” – Mariam van Wesenbeeck

GAME ON STATS

1,000 – students have participated in Game On

Cities – Indianapolis, Fort Wayne, South Bend

Coming Soon – Gary

What Students Ask About Most - Travel, Money


Are you interested in hosting a group of high school students in your office? INCPAS has a variety of resources (such as talking points, presentations and giveaways) available.

Lance Garvin, business teacher – Pike High SchoolParticipated since: 2008 (the beginning)Average number of students each year: 10 to 20

Why did you decide to participate in this program?It’s a great program that gives the students

some exposure to actual accountants that work in the profession.

Do you have any success stories from the program?

Ray Waites ended up applying and being accepted for the INCPAS Scholars program because of what he saw and heard at this event. He is currently in college working on a degree in accounting. It has been a great program for the students.

Mariam van Wesenbeeck, school counselor – Shortridge High SchoolParticipated since: 2015 (first year)Average number of students this year: 16 expressed interest, and 14 were able to participate.

Why did you decide to participate in the program?Our school received an email describing the program, and

we thought it looked like something that would be great for our students. We asked our math teachers to talk to their classes and

send us the names of students who were interested in learning more about CPAs.

Why do you think it’s important for students to attend Game On?

This is the first year that we participated, and now I am wishing we had been doing it sooner. The students really enjoyed learning more about the profession. Many of them told me that they never knew CPAs had to be so people-oriented. They learned that being a CPA is not just about loving numbers — it’s

GAME ON CHAMPIONS – TEACHER SPOTLIGHTSThese are some of the teachers at participating high schools who advocate for school participation in Game On and coordinate the

logistics, transportation and time off school for this career awareness activity.

THE CPA PROFESSION Enhancing the CPA Designation Through Academics & Diversity

WHAT STUDENTS HEAR & ASK ABOUTFollowing the tour, students gather in a conference room and talk

with the firm hosts about accounting. The Society provides talking points for each office visit host.

• Have students describe what they think a CPA is/does; address any stereotypes or misconceptions.

• What do CPAs do on a daily basis?

• How you chose accounting as a major/profession, and what has been your career path.

• How a degree in accounting can allow you to work in nearly any area of business.

• Why it’s important to have a diverse staff.

• What your firm is doing to increase the number of minority CPAs.

• The various positions at your organization for CPAs - what they do and their responsibilities.

• Some of the perks - international travel, flexible schedules, increased compensation, etc.

Students also are invited to ask their own questions, and according to Paul the most common are:

The travel opportunities. Students love to hear about them and are always surprised that travel expenses are paid for by the firm/company.”

The typical day. They always ask, “what is a typical day like?” and the response is usually “every day is different.” The students like to hear there’s variety!

The pay. “Of course they want to know about salary.”

The social side. “Students are always surprised with how much interaction CPAs have with others (clients, coworkers, boards, etc.).”

The prep work. “They like to know what they can do in high school to prepare to become a CPA. They want to know how much math – and what kind of math – the CPAs do each day."

13WINTER 2016

about loving people and using numbers to help them. At least two of my students began seriously considering a career in accounting because of this program.

Do you have any success stories from the program?While we were at CPAs in Action, we saw the group of Scholars

and learned about the year-round programming and mentorship they receive. I already have students in mind who will be interested in taking advantage of that opportunity. I would like to thank those who give their time and talents to young people in our city. This type of work changes lives.

Kathy Boulais, business and information technology teacher – Warren Central High School

Participant since: 2010Average number of students each year: 30 to 40

Why did you decide to participate in this program?

It is an excellent opportunity for students to meet professional accountants and visit an office where CPAs work.

How many years have you participated? I have brought a group of students every year since I started

teaching accounting in 2010. This year was my sixth Game On event. Our previous accounting teacher brought students from Warren the first two years.

Why do you think it’s important for students to attend Game On?Our students come from a wide range of backgrounds and

experiences. Some have never had the opportunity to feel what a business environment feels like. Game On gives them the chance to picture themselves reaching goals and becoming a successful professional someday.

Do you have any success stories?In the classroom, I have seen several students over the years

come back from Game On with more motivation to work harder on their goals.

Jenna Burns, business teacher and Finance Academy teacher – Warren Central High School

Participated since: 2009

Why did you decide to participate in this program?When I started here, this was a field trip that was

a part of our curriculum. I have continued to go back because Game On does a great job of showing students some of the careers they could pursue.

Why do you think it’s important for students to attend Game On?Because they are given the opportunity to see how successful

CPAs are, visit a firm, and learn about networking and etiquette. These are all items that our students don’t normally have the chance to witness.

THE GAME CONTINUESFrom Game On stemmed the

next phase of providing follow-up resources for the minority high school students who decided they were interested in pur-suing the CPA designation. In 2011, the Society launched the INCPAS Scholars program, a free year-long career awareness and mentoring program. The majority of the students who applied for this program initially found out about it at the Game On events, and now its reach has expanded by word-of-mouth from Scholars to students.

WE NEED HELP AT THESE LOCATIONS!Game On events in Spring 2016

GARY25 students

INCPAS needs you if: you have a firm/company that is willing to host the event and/or you are a CPA with a cool job and want to share your story with students.

SOUTH BEND50 students

INCPAS needs you if: you are a CPA with a cool job and want to share your story with students.

FORT WAYNE30 students

INCPAS needs you if: you are a CPA with a cool job and want to share your story with students.


Professional Development Tools & ResourcesTHE CPA PROFESSION

ConferenceCalendar

2016

CONTROLLERS CONFERENCEMarch 24 • Ritz Charles, Carmel

EDUCATORS CONFERENCEMay 6 • INCPAS Prof. Dev. & Conf. Ctr.,

Indianapolis

BUSINESS & INDUSTRY CONFERENCEJune 23 • Ritz Charles, Carmel

NOT-FOR-PROFIT CONFERENCEJuly 21 • Marriott East, Indianapolis

SMALL FIRM: BIG BUSINESSAugust 11 • Marriott East, Indianapolis

BUSINESS VALUATION CONFERENCESeptember 9 • Marriott North, Indianapolis

A&A CONFERENCESeptember 29 • Ritz Charles, Carmel

CONSTRUCTION CONFERENCENovember 15 • Ritz Charles, Carmel

TRENDS: FRAUD, FORENSICS AND CYBER SECURITYOctober 21 • Marriott East, Indianapolis

TAX FORUMDecember 2 • Ritz Charles, Carmel

CFO RENAISSANCE CONFERENCEDecember 16 • Marriott North, Indianapolis

MAY 24-26 • 24 HRS OF CPEMark your calendar!

CONTROLLERS CONFERENCEMARCH 24General Sessions• How to protect your organization long-term vs. focusing

on short-term profits.• Twenty tips for ensuring people believe in you and

your message.

Breakout Sessions• The Six Megatrends in systemic risk that you'll want to

be prepared for.• Less words, more action - find out 10 ways to pick the

right team, form a strategy and take action.• Learn more about Key Performance Indicators and the

new real-time financial reporting models.• How to create a competitive advantage with your

strategic plan.• Make your report presentations grab your audience’s

attention with The Trifecta and 3Ps.• Find out the latest functions in Excel, including a

create-your-own.

Register at incpas.org/controllers

15WINTER 2016

Profession News

Member News

Did You Know?THE CPA PROFESSION

Accounting/Auditor among the top Hoosier Hot JobsAccounting/Auditor placed eighth in the Indiana Department of Workforce Development’s list of the 50 high-wage, high-demand jobs in Indiana in the next 10 years. Source: netsolutions.dwd.in.gov/

OVERVIEW OF 2016 SALARY GUIDES

4.1%5.3%

Accounting and finance professionals can expect starting salaries to rise an average of Æ, according to the 2016 Salary Guides released by Robert Half. The largest expected gains in salaries are in technology, with an anticipatedÆpercent increase in the average starting salary for newly hired IT workers.Source: roberthalf.com

AICPA and INCPAS leaders met recently at the AICPA Council meeting in Hawaii. Pictured from L-R are INCPAS President & CEO

Gary Bolinger, CAE, AICPA Vice Chair Kimberly

Ellison-Taylor, CPA, CGMA, INCPAS Chair-Elect

John Sauder, CPA, CGMA and AICPA President

Barry Melancon, CPA, CGMA.

INCPAS Member Selected for Leadership Academy

Caleb Bullock, CPA, CGMA, was invited to the AICPA’s annual Leadership Academy. In October, the diverse group of CPAs assembled in Durham, N.C., to attend courses, lectures and mentoring sessions to develop skills as the next generation of leaders. Bullock is with Somerset CPAs, PC, in Indianapolis.

Society Member Receives AICPA Award

Wes Williams, CPA, of Granger is the recipient of the AICPA’s 2015 Sustained Contribution Award. The award recognizes members of the Institute who have contributed measurably to the AICPA and the CPA profession through their volunteer service. Wes Williams

Caleb Bullock

Find Your Next Super Staffer on the INCPAS Career Center

Packages start at $231 for membersReceive 20 percent off the purchase of a single 60-day online job posting.

Enter code: magoffer16 Expires January 31, 2016. Contact INCPAS member services at (317) 726-5000 or [email protected] for more information. careers.incpas.org

MAY 24-26 • 24 HRS OF CPEMark your calendar!


INDIANA NewsINCPAS Congratulates Indiana’s 2014 High Grade Successful Exam Candidates Special recognition goes to Jessica Nanitt, Kelcie Lyons and Nathan Lyons who are three of 60 Elijah Watt Sells Award winners for 2014. The award is bestowed upon candidates who have obtained a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination.

Jessica N. Banitt John L. Cary Sukhrob Davlyatov

Junichi R. Hara Kelcie D. Lyons

Nathan A. Lyons

Jarret Miller Jordyn J. Myers, CPA Sarah B. Renie Gregory A. Whicker, CPA

Those listed with the INCPAS logo are current members.

High Grade Winners honored at CPA Celebration 2015

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17WINTER 2016

Did You Know?THE CPA PROFESSION

INCPAS News

You’re the Missing Piece Volunteer!

The Society is recruiting members and students for a variety of career enrichment experiences. No matter if you’re in public or industry, new or experienced — we encourage you to get involved. If you already volunteer, take advantage of new opportunities! Shape your future, strengthen your profession, influence your community, expand your network and become a recognized leader by volunteering with INCPAS. You have the ability to choose and rank up to three volunteer opportunities of your choosing — every effort will be made to give you your top choice. Apply online by May 31 to be considered for volunteer terms beginning July 1 at incpas.org/volunteer.

Protecting Yourself and Maintaining Your CPE Records

Be sure you maintain records of all completed CPE in case you’re audited. You can count on the Society to provide you with accurate records of the INCPAS professional development you have completed. To view your CPE transcript history online go to incpas.org, sign in and click on the “INCPAS Membership” link under the Member Center drop-down menu. Click on “My INCPAS Account” and then click on “My CPE History.” Need a copy of your seminar attendance confirmation? Print them from the “My INCPAS Account” menu.

Tools and Resources You Need for Tax Season

Indiana CPA Society Wins Two Awards of Excellence from ISAE

INCPAS was recognized by the Indiana Society of Association Executives at the annual STAR Award banquet held December 10. This year's awards of excellence recognized Strategist - CPA Center of Excellence® Jess Halverson Bowyer as the Rising STAR of the Year and the Society was awarded the Innovative Marketing award for the centennial campaign that included the "Indiana CPAs and Their Association: A Century of Service" history book. INCPAS staff serving in ISAE leadership roles include Courtney Kincaid on the board of directors and Elise May on the membership committee. Jess Halverson Bowyer (left) and Elise May accept awards.

The Indiana CPA Society has several great resources for you for the upcoming tax season.

• CPA Center of Excellence® Online Community – Open Forum Discussion at cpacoe.incpas.org.

• Indiana Department of Revenue Tax Practitioner’s Hotline – Call 1-800-462-6320 or (317) 233-4017 and enter code 4367. For tax preparers only. (If you have feedback you want to share with IDR regarding

services, suggestions, problems, etc., email [email protected].)

• Indiana Department of Revenue Tax Professionals – in.gov/dor/3338.htm.

• Indiana Department of Workforce Development – Call 1-800-437-9136 (for practitioners only)

• IRS PTIN Renewal & Info – rpr.irs.gov/datamart/mainMenuUSIRS.o;jsessionid=82961765BE357D8C01 C0C19772D5CC51.bm9kZTM or irs.gov/ptin

• IRS Tax Professionals – irs.gov/for-Tax-Pros.

• IRS Tax Practitioner Priority Service Hotline – 1-866-860-4259.


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Copyright © 2016 CPA Center of Excellence, Inc. All rights reserved. • Powered by the Indiana CPA Society.

THIS IS BETTER!

19WINTER 2016

THE SOCIETY Advocating for Members

REGULATORY UPDATESLegislative Council Audit and Financial Reporting CommitteeWhy it matters: This committee determines handling of all government audits by the State Board of Accounts.

The committee, which was established to assure the independence of the state Board of Accounts, reviewed and evaluated the effectiveness, examination processes, independence and objectivity and oversight and approved risk criteria, materiality and internal control standards and training materials. The committee also considered legislative recommendations presented by State Examiner, Paul D. Joyce, CPA.

Board Of AccountancyWhy it matters: The move paves the way for competency- or experience-based ethics education for CPAs in Indiana.

On Friday, November 20, the Board of Accountancy approved a proposed rule pro-viding options for meeting the ethics require-ment which include competency-based learn-ing (such as CPA Center of Excellence® Online Interactive Course – Ethics) and non-compen-sated ethics experience (such as serving on an ethics committee). When final, the rule will be the first permanent rule to allow compe-tency-based education for CPAs.

CPE Audit Update Why it matters: In the interest of protecting the public, BoA members hope to improve the compliance rate by auditing the maximum percentage allowed by statute.

Indiana CPAs selected and audited for CPE compliance this year should receive notification from IPLA by email if they successfully passed the audit, or by regular mail if no email address is on file with IPLA by year end. However, IPLA reported there

are 204 of the original 933 audits yet to be completed. The Board of Accountancy issued 68 notices of non-compliance which will be sent by certified mail to CPAs who did not submit documentation for the audit. Additionally, 207 licensees will be required to provide additional documentation.

How many Indiana CPAs were audited: 933 audited (204 remain to be completed)

Percent that were in compliance: 30%, as of November 23 (this is not final)

Number of volunteers who helped make it happen: 30+

CPE audits were performed by over 30 volunteers. Earlier this year, IPLA sent emails to licensed CPAs asking if they would like to volunteer to conduct the CPE audit. The Board of Accountancy appointed INCPAS member Angie Zirkelbach, CPA, as chair and the volunteers were appointed as the CPE Audit Committee.

2016 Legislative AgendaWhy it matters: INCPAS tracks legislative issues in all relevant areas that could affect how you and your clients or employers do business in Indiana.

INCPAS will be involved in:☑ Facilitated State Board Access. Indiana

is one of only 10 states where the Board of Accountancy can’t access the national database to see Peer Review reports.

☑ Seeking Clarification of Enforcement Fund Use

☑ Simplifying Conformity with IRC provisions

INCPAS will support:☑ Government entity audits by CPA firms

using appropriate accounting principles and auditing standards

INCPAS will be monitoring:☑ Professional licensing☑ Job Creation Committee recommendations☑ Marijuana legalization☑ Tax and audit legislation

DEPARTMENT OF REVENUE

Working to Make Electronic filing for Form IT-65 available Why it matters: This is yet another step toward cost efficiency and easing tax filings by going paperless.

The Department of Revenue is working with all software vendors to test and certify electronic filing. Request an update from your software vendor on the testing and certification process to ensure Form IT-65 is available for the upcoming tax season.

150,000 Tax Amnesty letters sent in errorWhy it matters: Working with IDOR and legislators, INCPAS and TRAC can help improve processes that will subsequently save time and money for the state, taxpayers and tax preparers.

IDOR evoked criticism from taxpayers, INCPAS members and clients for using a third party vendor to help collect back taxes for Indiana’s 2015 Tax Amnesty. What IDOR says was intended to be informational outreach via phone calls and letters to taxpayers who might be eligible turned into angry calls and emails to IDOR over the last few weeks. While the amnesty program ended November 16, the INCPAS Board of Directors and Tax Resource Advisory Council (TRAC) continue to address members’ many concerns with both IDOR and legislators. Contact INCPAS VP - Advocacy Sherrill Rude, CAE, at (317) 726-5016 [email protected] with questions or issues.

PEER REVIEW

Failed Peer Review reportsWhy it matters: Failed peer reviews have potential ramifications beyond the remedial action assigned by the Peer Review Committee. The Board of Accountancy looks very seriously at failed peer reviews – repeated failure by a firm could impact its ability to practice in the future. Currently, the most serious action taken has been to put a firm on probation and imposition of fines.

Advocacy: from the peer review and ethics committees to the government relations advisory council and legislative key persons program, the Society advocates for you and monitors the regulation of the CPA profession in Indiana.

Advocating in Indiana and BeyondWhy it matters


IN CASE YOU MISSED IT

The Peer Review Oversight Committee met on October 29, 2015. There were two failed peer review reports that were on the agenda, one of which was sent to the Attorney General’s office for further investigation.

AICPA’s Annual Administrative Entity OversightWhy it matters: Oversight ensures INCPAS is administering the Peer Review program according to AICPA Peer Review standards.

Randy Watson, CPA, from the AICPA Oversight Task Force, was at INCPAS on November 10-11 to perform the AICPA’s annual Administrative Entity Oversight and will be issuing his official report for INCPAS to respond to.

AICPA Peer Review ConferenceWhy it matters: This conference serves as a vehicle to educate Peer Reviewers, Technical Reviewers and Administering Entities about changes coming to the peer review program that are intended to enhance the program along with enhancing overall audit quality.

The AICPA’s 2015 Peer Review Conference in New Orleans, Louisiana on August 3-4 focused primarily on the Enhanced Oversight of the Peer Review program. A few key areas of enhanced oversight include: 1) High volume reviewers and high risk/must select engagements on system reviews with a focus on Single Audit Act (A-133) Engagements Under Government Auditing Standards (Yellow Book), and The Employee Retirement Income Security Act of 1974 (ERISA) audit engagements. 2) Increasing the amount of onsite and offsite Report Acceptance Body (RAB) observations at the administering entities to ensure RABs are consistent on how they are accepting peer review reports and assigning appropriate corrective action to firms. 3) AICPA Peer Review Board revised the Peer Reviewer Performance guidance to help administering entities and Peer Review Committees identify poor performing peer reviewers. The revised guidance has some new criteria for monitoring the peer reviewer’s performance through a series of monitoring or deficiency letters and corrective action.

AROUND THE COUNTRY

Joint venture between AICPA and CIMA proposes new associationWhy it matters: The new association would offer enhanced advocacy, awareness of credentials, and

advance the accounting profession in the United States and globally.

The AICPA and CIMA have proposed an expansion of their joint venture from 2011. A new accounting association would integrate management, strategy and operations between the two organizations, but maintain separate membership bodies.

Professional boards are not immune from regulation and competitionWhy it matters: This case has far-reaching implications for all licensed professions and has spawned at least 16 additional cases nationwide. The Indiana Board of Accountancy reviewed the ruling and their actions with legal counsel at their meeting in November.

When dentists in North Carolina recommended to the Board of Dentists that teeth whitening providers in mall kiosks shouldn’t be permitted to practice “dental services,” the board ordered the providers to stop. However, the Federal Trade Commission said a board composed exclusively of active practitioners limiting trade for competitors was a violation of anti-trust laws. In the recent ruling by the Supreme Court in the case of North Carolina Board of Dental Examiners v. Federal Trade Commission, the court opinion stated “When a controlling number of the decision makers on a state licensing board are active participants in the occupation the board regulates, the board can invoke state-action immunity only if it is subject to active supervision by the state.”

ETHICS

Joint Ethics Enforcement Program Orientation & ConferenceBy Lou Renzi, CPA

I attended the Joint Ethics Enforcement Program (JEEP) Orientation and Conference on October 19-20, 2015, in Chapel Hill, N.C.

The primary purpose of JEEP is to permit joint enforcement of the Codes of Professional Conduct of the AICPA and respective State Society by means of a single investigation for a joint member. This process avoids the duplication of effort from conducting two separate investigations and allows the joint member to respond to only one investigation.

There are 55 U.S. Jurisdictions (states and U. S. territories) under the AICPA guidelines, of which 49 have written agreements with the AICPA to enforce the Codes of Conduct.

Sixteen of the 49 jurisdictions are Option 1 members (Indiana is one). Under Option 1, the respective State Society performs the investigation

USEFUL LINKS

IPLA2015 Indiana Laws & Regulations

• in.gov/pla/2666.htm

IDORTax Professionals

• in.gov/dor/3338.htm

Business Tax Resources• in.gov/dor/3335.htm

Guidance• in.gov/dor/3330.htm

IRSTax Professionals

• irs.gov/for-Tax-Pros

Practitioner Priority Service

• irs.gov/Tax-Professionals/Practitioner-Priority-Service-%C2%AE

IRS PTIN Info• rpr.irs.gov

Recent topics in the member Online Community

• Tax Amnesty

• Tuition fees and addbacks

• Proposed assessments

• IRS Forms 3520 and 3520A

• IDOR late filing penalty

Log in at cpacoe.incpas. org to see all Open Forum discussions.


21WINTER 2016

and requests concurrence from the AICPA. Under Option 2, the AICPA performs the investigation and seeks concurrence from the state society. Also, the AICPA will perform all investigations of:

• National interest matters.

• Matters that arise from litigation or regulatory proceedings involving accounting, auditing or independence.

• Matters from a department, agency, regulatory commission or other unit of the federal government.

• Members of more than one JEEP jurisdiction.

• Matters involving Big 4 firms.

The AICPA professional ethics division is led by the Professional Ethics Executive Committee (PEEC). The PEEC is comprised of 20 members from public practice, state boards of accountancy and public members (academics and government). The PEEC meets quarterly and has overall responsibility to interpret the AICPA Code of Professional Conduct and propose amendments to the Code.

Enforcement activities of the PEEC are delegated to two subcommittees:

1) Technical Standards (TNS), which investigates all cases involving technical standards (such as GAAP, GAAS, etc.)

2) Independence/Behavioral Standards (IND/BHS), which investigates all cases involving violations of independence rules and behavioral standards (including tax standards).

In addition, the following items were discussed at the Conference:

• Revised Code of Professional Conduct

• Peer Review Update – Enhanced Oversight by AICPA

• Legislative / Uniform Accountancy Act (UAA) update

• Definition of Attest. Revise to include examinations, reviews and agreed upon procedures under the SSAEs.

• CPE Reciprocity. A non-resident licensee seeking a renewal certificate shall be determined to have met the CPE requirement of that state by meeting the CPE requirements for renewal of certificate in the state in which the licensee’s principal place of business is located.

• Inactive/Retired Status. The UAA Committee has recommended that inactive CPAs who are at least age 55 be allowed to: refer to themselves as “Retired-CPA,” offer volunteer tax preparation services, participate in government-sponsored business mentoring programs and serve on the Boards of non-profit organizations, provided that such services would be uncompensated.

MEMBERS, MEMORIES & MILESTONES

“After Miss Broo’s remarks, laughter and

applause overtook the auditorium.”

– Former IACPA Board President George S. Olive Sr. at the Society’s open forum in 1940

Who was Miss Ida Broo, and what did she say?Find out in the “Indiana CPAs and Their Association: A

Century of Service” commemorative coffee table book that

includes many member stories of interest, as well as:

• 144 pages of historical content from 1915 to 2015

• Phenomenal black and white and color photos

• Archived images from the Indiana Historical Society

showing the changing social and professional

environment in Indiana over the years

• Bonus content – 13-minute history DVD

included in each book featuring interviews

with past leaders and current members

"This book provides a great reminder that the professional environment we enjoy today didn't just 'happen' - it has been built by the hard work and vision of people who were committed to the success of CPAs. THANK YOU!" – Testimonial from a family member of a past leader


TAX AMNESTY 2015. We completed our Tax Amnesty 2015 campaign on November 16, 2015. For participating taxpayers, the department waived penalties, interest and collection fees for any outstanding tax liability for periods prior to January 1, 2013. Remember, taxpayers who established Tax Amnesty 2015 payment plans must make all payments by June 15, 2016. Payments can be made online at www.taxamnesty.in.gov. If you have clients with outstanding tax liabilities who did not participate, please contact the department. While penalties, interest and collection fees cannot be waived for those who did not participate in Tax Amnesty 2015, we would be happy to work with taxpayers to establish a payment arrangement that meets their needs.

CORPORATE ELECTRONIC FILING. In addition to the IT-20S, we are on track to offer the IT-65 for partnerships electronically. We’ll keep you posted as the IT-65 becomes available from the vendors.

IT MODERNIZATION. As many of you know, our current information system of record, RPS, is decades old. Over the next year, we will embark on an in-depth study of the feasibility of implementing an Integrated

Tax System (ITS) and modernizing our entire tax administration system. Throughout the study process, we

welcome your ideas, input, and expertise as we endeavor to build a tax system that will serve taxpayers and tax practitioners well for years to come.

NON RESIDENT WITHHOLDING. Nonresident partners, shareholders and beneficiaries must be included in the composite schedule. The exception to the requirement to file a composite return is a public traded partnership, which is not required to withhold tax or file a composite return for a nonresident member if the entity meets the IRC section 7704(c) exception and agrees to file an annual information return reporting the name, address and TID for each member. Estates and trusts are required to file a composite return similar to S-Corps and Partnerships. Due dates have been harmonized for withholding and composite taxes. In addition, the filing process has been simplified. The opt-out provision has been eliminated. WH-18s are no longer required. The newly revised Schedule IN K-1 should be filed instead. The department automatically will close these withholding accounts.

During the transition, if payments are made to the withholding account, the payment will be transferred to the corporate account through a manual process. Taxpayers can contact the department’s Corporate Income Tax section at (317) 232-0129 to request payments be applied to the corporate account or to ask questions about any of the changes or the process. If the payment is claimed on the return, it will be transferred manually by the department.

TAX SIMPLIFICATION. As we approach the 2016 session of the Indiana General Assembly, we have no plans at this time to pursue any significant legislative reforms. However, we will continue to support the administration,

General Assembly and others in providing statistical and empirical data, tax simplification legislation, and innovative ideas for continuing to improve Indiana’s tax climate. As always, we welcome your input and ideas about how to improve the tax administration process for you and your clients.

CONTACT US. If you have a question or need assistance, you can contact us at (800) 462-6320 (enter 4367) to connect directly to our tax professional area. This number is for tax practitioner use only, so please do not provide this phone number to your clients in order to ensure we can serve you as expeditiously as possible.

The lingering effects of the Great Recession could still be felt every year when your Federal Unemployment Tax Act (FUTA) tax bill became due. As you probably know, Indiana began borrowing from the federal government to pay unemployment insurance (UI) benefits in November 2008.

Two years later, Indiana qualified as a “Credit Reduction State,” meaning the State had been borrowing from the federal government to pay UI benefits for two consecutive years. By 2012, 25 states were borrowing from the federal government to pay unemployment insurance benefits. In order to pay the principal of the loan, FUTA tax credits were decreased by the federal government, resulting in a tax increase

to Hoosier employers.Last month, however, I was honored to

watch Governor Pence and key members of the Indiana General Assembly Senator Luke Kenley and Representative Dan Leonard announce that the State of Indiana, due to our solid fiscal footing, was able to advance Indiana’s Unem-ployment Insurance Trust Fund a $250 million short-term loan to pay off the past due balance. As a result, Hoosier business owners, small and large, will not have to pay a $327 million federal tax increase in 2016, which would have amounted to an additional $126 per employee in FUTA taxes. Instead, Hoosier employers will be able to hire additional workers, give raises to deserving hard-working employees, or even

add capital to expand.Two weeks ago the Indiana Department

of Workforce Development forwarded the proceeds of the short-term loan from the state to the federal government to pay off

Indiana’s remaining balance of our Trust Fund loan, capping off several years of diligent work by the Administration, the General Assembly and the Department itself. Moreover, as the Department will be able to pay back the short-term loan from the state in the same fiscal year, there will be no cost or difficult funding priority decisions to make. Finally, when you receive your FUTA tax bill early next year, you will see first-hand Hoosier prudent fiscal management that states all over the country continually try to emulate year in and out.

Thank you for all the hard work you do every day to keep the Hoosier economic engine run-ning. If I can ever be of service to you, do not hesitate to contact me.


DATE CHANGEEmployers must file

Form WH-3 annual withholding tax reports

with the department not later than 31 days

after the end of the calendar year.

IDOR COMMISSIONER’S CORNER

DEPARTMENT OF REVENUEBy Andrew Kossack

DWD COMMISSIONER’S CORNER

DEPARTMENT OF WORKFORCE DEVELOPMENTBy Steven J. Braun

23WINTER 2016

BOARD OF DIRECTORSThe board met on January 13 following

the INCPAS Legislators Breakfast to validate task force recommendations and continue discussion from the November board retreat. At the November retreat, the board heard reports from the Advocacy, Public Relations and Key Results task forces that included recommendations for achievement of the INCPAS 2025 Bold Challenges and the Society’s strategic plan objectives.

The retreat also included discussion of the tax amnesty program, new developments with the AICPA-CIMA joint venture, and the past, present and future of leadership cabinet and emerging leaders alliance. The board also participated in an exercise called “How the profession works,” in which they named and described the numerous organizations that touch the CPA profession in the areas of associations, standards, government and self-regulation.

In addition to the retreat follow up, the January meeting included an update on CPA Center of Excellence® activities, the validation of the resolution supporting the AICPA-CIMA joint venture proposal, and the consideration of several recommended changes to the Society’s awards structure from the Award Selection Committee.

INCPAS LEADERSHIP CABINET AND EMERGING LEADERS ALLIANCE

The spring meeting of INCPAS Leadership Cabinet and Emerging Leaders Alliance will be May 19-20 at the Hyatt Regency in downtown Indianapolis. Potential topics to be covered at the meeting include the INCPAS 2025 Bold Challenges, the 2016 Board Task Forces, the CPA Center of Excellence®, a legislative update, diversity and inclusion, an AICPA Update, and results of 2015 Board Task Force initiatives.

Kimberly Ellison-Taylor, vice chair AICPA and executive director of industry solutions for Oracle USA will speak as will Terry Grafenstine, CPA, CIA, CGAP, the inspector general of the U.S. House of Representatives. One session may address the evolving assurance landscape. The AICPA’s Assurance Services Executive Committee and the Auditing Standards Board are working jointly on audit data standards and a more comprehensive Audit Analytics Guide.

If you are interested in serving on LC/ELA for a term beginning July 1, be sure to submit your online volunteer interest form by May 31. The online form is available on the INCPAS website at incpas.org/volunteer. For more information on LC/ELA, contact Jennifer Briggs, CAE [email protected].

DIVERSITY ADVISORY COUNCILThe Diversity Advisory Council met on

November 6 to discuss strategy for achieving the INCPAS 2025 bold challenge to “build bridges to the profession that will lead to INCPAS reflecting the demographics of Indiana and the corresponding needs in the profession and organizations.”

The DAC discussed integrating diversity and inclusion into all areas of INCPAS and the

profession, the barriers that prevent students from sitting for the CPA Exam, and the responsibilities of academia to communicate the value of the CPA designation. They also reinforced the notion that it is important for CPAs to invest in themselves even if their employers do not see the value in the designation.

The next meeting was planned for January 29. DAC identified three main areas of focus:

1) pipeline issues; 2) communication of the value of the designation to candidates; and 3) ensuring that diverse CPAs have inclusive work environments and to encourage companies to promote the CPA designation. They intend to put strategy around these areas of focus.

Two action items from the November meeting included exploring a possible joint INCPAS and NABA event that could feature a panel and provide resources for applying to sit for the exam. The second item was the development of a roadmap to guide graduates on how to sit for the exam. For more information on the INCPAS Diversity Advisory Council, contact Ali Paul [email protected].

TAX RESOURCE ADVISORY COUNCIL

TRAC met on December 10 in separate sessions with both IDOR and the IRS. The meeting with IDOR included discussion about the amnesty program as well as the upcoming tax season. The meeting with the IRS also covered the upcoming tax season as well as the review of tax extenders, tax reform over the next two years, wait times on the IRS hotline, and PTIN registration (the renewal fee was reduced to $50).

Among other issues discussed by TRAC are various administrative, regulatory, guidance, and policy, and tax policy and legislative issues. Several issues in each category have been identified and ranked. A top issue is Internal Revenue Code conformity regarding amended returns or next year’s returns. Section 179 of the Code (tax extenders) continues to be a hot issue. TRAC will focus

The Indiana CPA Society does many things to uphold the integrity of the CPA profession. Its leadership groups work hard to enhance the value of your CPA designation and facilitate your access to the resources that are important for you as a professional.

Upholding IntegrityTHE SOCIETY

Your Leadership, Upholding Integrity


NOTICE OF ANNUAL BUSINESS MEETING The INCPAS annual business meeting will be held in conjunction with the INCPAS

Leadership Cabinet and Emerging Leaders Alliance meeting on May 20 at 8 a.m. EDT at the Hyatt Regency in downtown Indianapolis. The meeting will include a financial report, election of directors and a report from the chairman of the board.

Contact Mary McKinzie at [email protected], (317) 726-5018 or 1-800-272-2054 if you plan to attend the INCPAS annual business meeting and are not on LC/ELA. For more information on the INCPAS Board of Directors, contact Gary Bolinger, CAE [email protected].


AICPA Proposes Expanding Joint Venture with CIMALegendary investor Warren Buffett has a saying: “Someone’s sitting in the shade today because someone planted a tree a long time ago.” This quote underscores the importance of anticipating and preparing today for the opportunities and challenges of tomorrow.

The CPA profession has a long history of doing just that. INCPAS and the AICPA currently are working on a wide variety of initiatives to enhance the relevance and vibrancy of the profession far into the future. These initiatives include programs to promote the value of CPAs as trusted business advisors, enhance audit quality, broaden the definition of attest, help firms identify and remedy issues during A&A engagements, evolve the Uniform CPA Exam, attract the next generation of talent, and meet the information and educational needs of members in public accounting, busi-ness, government and specialized services.

In response to the needs of members working in corporations of all ownership structures and sizes, the AICPA formed a joint venture with the Chartered Institute of Management Accountants in 2011. CIMA is the world’s leading and largest professional body of management accountants. Founded in 1919, CIMA represents more than 227,000 members and students operating in 179 countries, working in industry, commerce and not-for-profit organizations. In January 2012, the two organizations launched the Chartered Global Management Accountant designation. The number of CGMA designation holders is now more than 150,000 worldwide, with over 50,000 in the U.S.

Now, the AICPA and CIMA are beginning a conversation with their respective members about a proposal to integrate their operations, strategy and management through a newly formed association. The AICPA would con-tinue to serve members and protect, promote and grow the CPA profession. The new associ-ation aims to maximize efficiencies and pro-vide a broader platform for further enhancing advocacy, promoting public and management accounting on campuses and with employers and clients, and developing new research and educational offerings. According to

Arleen Thomas, CPA, CGMA, AICPA Senior vice president-management accounting and global markets, “A presence in Europe will dramatically increase our ability to advocate for members on international matters that are increasingly impacting the U.S. securi-ties system. In addition, the proposal would enable the profession to achieve even greater influence domestically and internationally and broaden the appeal of accounting to the next generation of professionals.”

UNWAVERING COMMITMENT TO THE CPA

“Our strategy is built on the power of ‘And,’” said Barry C. Melancon, CPA, CGMA, AICPA President and CEO. “The AICPA would continue to maintain an unwavering commitment to the CPA, promote high standards for ethics and quality, and protect the public interest and the core values of the CPA profession. What we would gain through this new association with CIMA is the further professionalization of management accounting. Financial reporting is stronger when we drive quality in both public and management accounting.”

TRENDS DRIVING NEED FOR EVOLUTION

The CPA profession has a history of anticipating – and adjusting to – changes in market demands. The profession has grappled with and developed solutions to address increasing complex technology, specialization, and evolving business structures; these drove such evolutionary steps as the computerization of the CPA Exam, non-CPA firm ownership and the adoption of cloud computing solutions.

Current trends and challenges on the horizon have been carefully assessed by the AICPA as part of its ongoing strategic planning

process. With record membership numbers and the CPA reputation at the highest level, the AICPA believes that the time is right to pursue a proposal that will better enable the profession to tackle such factors as:

• The growing worldwide talent shortage and associated demand for ever higher levels of specialized knowledge and services

• Significant demographic and generational shifts

• The increasing number of accounting graduates bypassing professional affiliation and the associated commitment to a professional code of conduct

• The shift of economic growth toward Asian and emerging markets

• The greater international mindset of today’s graduates and the overall trend toward more international connectedness and interdependencies

• Regulatory impact coming from Europe and other parts of the world that are affecting businesses in the United States.

• The need for finance professionals, facing an increasingly competitive job market, to differentiate themselves from their peers and demonstrate greater strategic management and business partnering skills

BUILDING ON EXISTING JOINT VENTURE’S SUCCESSApproximately 50 percent of most state CPA society and AICPA members work in busi-nesses of all sizes and ownership structures. Creating the CGMA offered these profes-sionals a complementary designation and enhanced resources. Since the designation’s launch, the AICPAs and CIMA have deliv-ered nearly 120 reports and tools plus online events and career development resources to members seeking to increase their knowl-edge and hone critical skills for the future. The organizations also developed the CGMA Competency Framework and the Global Man-agement Accounting Principles. In addition, so that members and employers could better assess and address accountants’ skills and competency gaps, the organizations launched the AICPA | CIMA Competency and Learn-

FEATURES

25FALL 2015

ing platform. The tool also analyzes public accounting skills, such as those related to assurance as well as employee benefit plan and governmental audits.

CGMA designation holders also have access to the CGMA Magazine, the CGMA Finance Impact Tool, numerous reports and case studies on best practices, and the Harvard Manage-Mentor online learning and performance support resource program. The website cgma.org is the hub for all of these resources and more.

BENEFITS OF THE PROPOSAL

“We are supportive of the direction the AICPA Board is recommending,” said INCPAS President and CEO Gary Bolinger, CAE. “The changes this profession faces today

are greater than ever. To preserve our relevance and stature, the profession needs to embrace change and consider innovative ways to better anticipate, reflect and lead. The work between the AICPA and CIMA has contributed greatly to the professionalization of management accounting, and that is much needed today. The proposal would bring together the entire accounting profession and extend the influence of a CPA-led accounting profession in the United States.”

Strengthening the bond between the two organizations would

streamline resources and create efficiencies to help both organizations move faster to market and produce content with broader perspective, especially on international business issues, which are increasingly impacting CPA firm

clients. In particular, the AICPA cites the gains in advocacy that could be realized when speaking on behalf of more than 600,000 current and next generation accounting professionals. The association of the AICPA and CIMA would form the most influential body for the accounting profession, within the U.S. and globally, advocating on tax, audit, financial reporting and other issues important to members.

WHAT’S NEXT?

Gaining member insights into the AICPA and CIMA evolution is critical to helping the Institute’s governing Council determine their next course of action. Council will assess member feedback and consider authorizing a member ballot in the spring. Moving forward would require a vote by members, with a majority of those voting supporting the proposal. CIMA has a similar requirement and timeline.

Members are encouraged to visit aicpa.org/horizons to find out more about what they could gain from a deeper relationship with CIMA and provide feedback on the proposal.

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Insights from the AICPA National Tax Conference

Coincidentally just days prior to the conference, events occurred in the nation’s capital such as Rep. Paul Ryan (R-Wis.) being elected as Speaker of the House of Representatives. This also brings a changing of the guard to the landscape of the House Ways and Means Committee that Representative Ryan chaired prior to his new role as Speaker; a committee whose function is to propose and write tax legislation that affects the country.

THE HUNT FOR THE TAX EXTENDERSAt the time of the conference, one of the biggest looming questions

for CPAs was what would happen to the ‘tax extenders,’ which was unknown then. However, on December 18, 2015, Congress passed the Protecting Americans from Tax Hikes Act to address the handling of the tax extenders. During the conference, some of the speakers felt the expiring tax provisions might be extended for a two-year period due to it being an election year. Surprisingly, some these extenders were made permanent such as the amount of eligible Section 179 deduction and charitable distributions from IRAs for individuals age 70½ and older allowable as tax-free distributions. Others such as bonus depreciation go through a phase-down period through 2019. The Act also addressed delaying the excise tax on excise tax on high-dollar health care plans, along with qualified medical devices for two years as originally stated in the Affordable Care Act. A number of other topics were also addressed in this act.

IMPLEMENTATION OF THE AFFORDABLE CARE ACTThe requirements for reporting relative to the Affordable Care Act

were discussed as well. For any employers with 50 or more full-time and full-time equivalent employees, they are required to report for the first time in calendar year 2015. This information must be analyzed at the end of each month in order to calculate the applicable excise tax. Annual statements must be provided to employees and the IRS. Similar to W-2s, this information is required to be furnished to employees generally by January 31, unless occurring on a weekend like in 2016, and is applied to the next business day.

Within the Affordable Care Act, understanding the terminology and definitions of the criteria is critical to reporting the information accurately. Premium reimbursement arrangements are another area that must be considered to ensure compliance with the law. From an individual income tax perspective, the individual shared responsibility (also known as the “mandate”) must be reviewed. This is calculated and paid on the federal individual income tax return and is paid for each individual who did not have coverage. The individual shared responsibility payment is determined if the individual:

• Has minimum essential coverage (MEC), or

• Can claim an exemption from MEC, or

• Is required to make a payment

IDENTITY THEFT AND FRAUDULENT RETURN UPDATEOne of the biggest challenges the IRS is facing is the increasing

number of identity theft cases. To assist in combatting this problem, the IRS has established the Identity Protection PIN system for added security and to reduce the amount of fraudulent returns being filed.

• A six-digit number is assigned to each IP PIN holder

• Victims are notified once tax-related identity theft is resolved

• The applicable taxpayer/dependent will receive a CP01A notice containing a new IP PIN each year

• When a return is to be filed, all IP PIN numbers must be included when submitting a return

Beginning January 1, 2016, to increase efficiency in the IP PIN program, the IRS will require the use of IP PINs for all Social Security numbers with an IP PIN requirement when the Social Security number is input as the following for e-filed returns:

• Primary Social Security number on the tax return

• Secondary Social Security number on the tax return

• Dependent Social Security number on the tax return

• Form 2441, Child and Dependent Care Expenses

• Schedule Earned Income Credit (EIC)

By Philip Jackson, CPA, CGMASenior Manager, Blue & Co., LLC

Tax extenders, identity theft, Affordable Care Act and IRS budget cuts were just a mere sample of the items covered at the AICPA National Tax Conference held in Washington, D.C., in early November. Some matters were answered very directly and effectively, while other issues still remain uncertain, including potential year-end legislation.

THE SOCIETY

IDENTITY THEFT STATISTICS:

• Fraudulent IRS refunds paid last year = $5.8 billion

• Every minute = 19 new victims

• Average time to reclaim identities = 44 months

• Cost per year to deter theft = $53 billion

27WINTER 2016

THE ROAD TO TAX REFORMWith a large number of Presidential candidates attempting to

persuade voters for the nomination, one topic that has gained notoriety is the subject of tax reform. David Camp, former House Ways and Means Committee Chairman, discussed this area in terms of lowering tax rates, broadening proposals to affect more individuals and the concept of consumption taxes to ignite the tax reform debate. The need for tax reform has gained traction to address the global competition of obtaining and retaining businesses for economic growth. The United States top statutory corporate tax rate being 39 percent, while other countries have an average tax rate of 25 percent.

As explained by economist Martin Sullivan, the major challenge of tax reform is addressing some of the largest current tax expenditures from a corporate and individual standpoint. Attempting to translate certain expenses proportionately among all income classes is where the burden exists.

TOP CORPORATE EXPENDITURES • US production/manufacturing deduction

• Research and experimentation tax credit

• Accelerated depreciation/expensing provisions

TOP INDIVIDUAL EXPENDITURES• Exclusion of employer provided health care

• Mortgage interest deduction

• Charitable deductions

With the added complexities of the Affordable Care Act, late tax provisions and increased fraud activity, IRS Commissioner John Koskinen emphasized that the upcoming filing season promises to be even more complicated. The commissioner also anticipates improved taxpayer protections from identity theft using a two-prong system. This involves improving taxpayer authentication at the beginning and obtaining more matching data so the IRS can make its fraud filters more effective. IRS Taxpayer Advocate Nina Olson also added that the additional struggles for the IRS include the reduction in government funding in past years, making it more difficult to address the needs of taxpayers effectively and efficiently.

Other topics at the conference included:

• State sales and use tax

• Ethics and the Office of Professional Responsibility

• Understanding the new accounting method change and avoiding mistakes

• Individual Tax Update and Net Investment Income Tax

• Transfer pricing and state taxation

• Additional updates on S corporations, trusts and estates, and IRAs

The AICPA National Tax Conference provides a tremendous amount of insight on a wide variety of topics to assist CPAs to have a deeper understanding and knowledge. These perceptions include not only technical tax issues, but also the legislative landscape, process and theory of such tax developments.

GET READY FOR THE NEW FEDERAL TAX DEADLINESBeginning with the 2017 filing

season (tax years ending after December 31, 2015), recent law changes have altered the due dates for certain returns as follows:

• Partnership original due date will be March 15, rather than the current April 15

• The extended due date for trusts and estates will be slightly moved back to September 30 from September 15

• C Corporations (calendar year) due date will be postponed by one month to April 15 from March 15

• Special transition rules apply to C Corporations having a fiscal year

end of June 30. These recent changes will not take effect for these entities until after December 31, 2025

• Exempt organizations will be required to file only one six-month extension, rather than potentially filing two separate extensions

NOTE: Many tax deadlines may not align with the federal due dates due to state statues.


FEATURES

By Jennifer Briggs, CAE, INCPAS Senior Vice President & COO and Dave Shatkowski, INCPAS Vice President - Communications

CPAs Embracing An Expanded Role

29FALL 2015

The INCPAS 2025 project recently considered the evolv-ing role of CPAs and came up with a list of roles that CPAs will need to take on. They include possessing a multi-disciplinary skill set and knowledge, providing real time information, understanding complex business transac-tions, performing data analytics and interpretation, and providing continuous reporting and auditing.

And that was just the top five roles. Others that made the list were integrated reporting, corporate decision making,

the ability to define new markets, developing new busi-ness models, being a strategist, and becoming a leading business advocate.

So what do INCPAS members think? CPA IN Perspective gathered perspectives from managing partners, principals or directors from public accounting firms of various sizes, as well as CFOs and controllers of small, medium and large businesses. Their responses may surprise you, or validate your own perspective. Or both.

The CPA profession has been changing. There’s no doubt about that. And it will continue to change. But exactly how has the CPA’s role already changed and how will it change in the future?

Chris Hootman, CPA is managing director for a mid-size local firm in northern Indiana. She has seen her role change significantly and expects that it will continue to change even more. Hootman notes that technology is driving much of the change.

The view from public accountingChris Hootman, CPA – Managing DirectorBaden, Gage & Schroeder LLC, Fort Wayne

HOW HAS YOUR CAREER CHANGED IN THE LAST FIVE TO 10 YEARS?

“I became managing director four years ago and that’s changed my focus. I now spend more time on firm matters, including administration and personnel. I’m also more focused on strategic matters, including development of technical skills and new services. And I spend more time with civic, community and networking activities than in the past.”

HOW HAS YOUR ROLE AS A CPA CHANGED IN THE LAST FIVE TO 10 YEARS?

“I’m more involved with advisory and consulting services now. This includes M&A related services to assist clients who are purchasing new businesses for growth and diversification or selling as part of their exit or succession strategy. Also, I serve on more outside boards. In addition, I spend more time interacting with business owners and community leaders regarding general business issues and strategic matters.”

HOW DO YOU THINK YOUR ROLE WILL CHANGE IN THE NEXT FIVE TO 10 YEARS?

“I’ll continue to spend less time in the details, not only in firm matters but also client relationships. Internally,

my role will change as I transition some current duties. Our millennial group is driving change. This group will continue using technology to improve operations and being more involved with recruiting, mentoring and staff development. As a result, our organizational structure will become more decentralized.”

HOW HAVE CLIENT NEEDS AND EXPECTATIONS CHANGED OVER THE LAST FIVE TO 10 YEARS?

“Our clients have become global and more focused on growth and profitability in the last few years, which was triggered by the economic downturn. In addition, they’re more sophisticated and focused on technology. Informa-tion is immediately available and clients expect us to react quickly and proactively. Responsiveness is a key compo-nent to our service culture.”

HOW DO YOU THINK CLIENT NEEDS AND EXPECTATIONS WILL CHANGE IN THE NEXT FIVE TO 10 YEARS?

“Technology will continue to be a top priority for our clients, along with finding the right talent. Clients will continue to seek firms for not only compliance needs but also technical depth and expertise to grow with them and meet their ever changing business needs. I also expect more collaboration with clients to ensure our services are cost effective.”


HOW HAS YOUR CAREER CHANGED IN THE LAST 5 TO 10 YEARS?“I’ve had the opportunity to serve in public accounting, private

sector and government. I’m now back in public accounting. I was recently named chief marketing officer of Crowe Horwath LLP and have also taken on the role of chairperson of the Global Marketing Strategy Committee of Crowe Horwath International, our international network.”


“Although I’m not serving clients every day, I’ve kept my license active. Being a CPA allows me to translate the value that sales and marketing provide to support the firm’s revenue growth to other CPAs who may be more analytical.”


“As our practice areas continue to become diverse, we’re seen not only as an accounting and consulting firm, but also a technology company. Technology will continue to play a role in everything we do, whether it be as a practitioner or a marketing professional. It’s transforming how we deliver service to clients and how clients experience those services.”


“Our clients, big and small, expect us to have a deep specialization in their business issues and problems, as well as ideas on how to solve those issues using benchmarked data. Specialization is not just industry focused; it’s combining functional expertise, specific industry knowledge and technology skill.”


“We’ll see client needs continue to be focused on the regulatory environment and its effect on their business. The availability of big data to drive decisions and analysis will also be key.”

Ann Lathrop, CPA is the office managing partner for a large national firm. She also comments on the impact of technology on the firm’s overall operation. Lathrop identified specialization, the regulatory environment and big data as key areas of emphasis.

Randie Dial, CPA, ABV, CFF, ASA – Managing PrincipalCliftonLarsonAllen LLP, Indianapolis

Randie Dial, CPA, ABV, CFF, ASA is managing principal of a large regional firm. He has personally expanded his career in recent years, and also has faced increased regulation and scrutiny of the profession. Dial believes the CPA brand is strong and that relationship building is the key to client success.


“I’ve grown my valuation practice and made a decision to diversify. I attained my Series 65 and have been working with business owners on exit and wealth planning. In addition, I was named managing principal of the three CLA Indiana offices and took on leadership of our Indiana team. It’s been a great experience thus far and I love every minute of it.”


“As a CPA, things have gotten more regulated and scrutiny seems to get higher and higher each year that passes. At the same time, the CPA brand has grown and the designation still garners deep respect in the market.”


“My role hopefully will continue to grow and our Indiana team will continue to grow organically, but I’m also hoping my role helps find some firms that want to join an excellent team and a firm that can help them attain their goals as well as a good place for their people.”


“Clients are more demanding each year. It’s expected that you’re able to answer them 24/7. This is part of the profession that sometimes deter the next generation from entering in my opinion. It’s a profession that’s built on hard work, responsiveness and deep relationships. Clients expect all of that every day.”


“It will continue to be a constant connected world where clients expect you to be able to help them at any time with any problem. We have to be ready to do just that.”

Ann Lathrop, CPA – Managing PartnerCrowe Horwath LLP, Indianapolis

31FALL 2015


“Often the CFO is the ‘catch all’ and deals with whatever comes up that no one else wants to deal with. It’s always been an adventure and I enjoy it. As a CFO, we have to understand the big picture and make things work. It gets more complicated, but the same ideas prevail.”

HOW HAS YOUR ROLE AS A CPA CHANGED?

“It’s never not changing. There was a lot more drudgery before technology came along. Now, I spend my time modeling and planning what-if scenar-ios vs. making sure things balance. This brings continually increasing liability and you have to be able to stand your

ground and make recommendations you feel are right even when you butt heads with your CEO or others.”


“We’ll spend much more time on relationships and reputation. Bal-ance sheets show about 15 percent of company value. That’s why Integrated Reporting is such an exciting idea. More soft metrics, more understanding of what your customers and employees think about you and expect, and much more on how company performance aligns. The problem with financial reporting? Even if we could get finan-cial statements done 30 seconds after month end, it’s still old data.”

Mark Vollmer, CPA, CGMA – Managing PartnerThe Watermark Group, Indianapolis

Mark Vollmer, CPA, CGMA is managing partner of a small local firm. He cites keeping current as a big issue, and

also has seen his role evolve from a technical practitioner to an advisor. Vollmer believes in the trusted business advisor concept for CPAs and has seen the profession move toward that.

To stay relevant, we’ll need to become a

true trusted advisor in how we operate

on a daily basis.


“The biggest change has been the demands on keeping current. Considering the continual changes in tax law, GAAP, GAAS and in the regulatory environment in general, it requires a much more diligent effort to stay conversant on these topics. Those items, along with changes in technology, social media, etc., makes leading a small firm more challenging each year.”


“It’s become less about traditional technical aspects of the job, and more about the general advisory role. We’re called upon to provide advice regarding people-related issues and overall company strategies. My inside role as a firm leader has forced us to focus on staff develop-ment and retention as we rely on millennials to transition into the next generation of leaders.”


“To stay relevant, we’ll need to become a true trusted advisor in how we operate on a daily basis. We’ll need to understand best practices and provide proactive ideas for operational improvements. We’ll need to be

more deliberate about engaging clients in broader discussions related to corporate vision, values and goals so that we (and they) clearly understand what drives them. We’ll be viewed more as an extension of management, and less as a seasonal resource.”


“Most of my clients are closely-held and family owned businesses, and they feel the effects of the economy and ever-increasing regula-tions. Most do not have high-powered financial resources in-house, so we fill that gap from a financial management and operational perspec-tive. They expect us to be proactive with advice and opportunities, as well as address current issues.”

HOW DO YOU THINK CLIENT NEED AND EXPECTATIONS WILL CHANGE IN THE NEXT 5 TO 10 YEARS?

“We’ll need to continue to enhance our ability to understand busi-ness from a global perspective and be a resource. We’ll be called on to assist clients in working through wealth transfer transitions – not just financially, but equally as important, from the people side. I believe the ‘soft-side’ of our work will become more important than just tools and techniques.”

Randie Dial, CPA, ABV, CFF, ASA – Managing PrincipalCliftonLarsonAllen LLP, Indianapolis

The view from business and industry

Mark Winzenread, CPA, CGMA is CFO and executive vice president of a mid-size international company. He realizes the important of understanding the big picture. Winzenread uses technology to his advantage and views Integrated Reporting as a needed expansion of financial reporting.

Mark Winzenread, CPA, CGMA – Chief Financial Officer and Executive Vice PresidentWalker Information, Inc., Indianapolis



“I’ve been with the company for 12 and a half years; we’ve grown from 220 people and $40 million in revenue to almost 2,200 people and $340 million in revenue. I progressed from controller to VP of finance to CFO as of August this year.”

HOW HAS YOUR ROLE AS A CPA CHANGED?“I spend a lot more time on SEC

compliance now and things you wouldn’t imagine we’re involved with like conflict minerals. My public accounting background has helped me and we’ve hired more CPAs on our accounting staff. As a CPA there is a discipline and an understanding of documentation processes when dealing with complex issues. For example, revenue recognition will have a huge impact on our company. Being able to keep abreast of guidance, work through the consequences and try to figure out when guidance will be permanent. That requires constant education.”


“I’ll be much more focused on strategy, financial model-ing and talking with analysts. I’ll need to make sure strong accountants are in key roles who can work proactively to get all kinds of data, not just financial, out to the business. With a strong team I can focus and I can be free to be strategic. I want to help make decisions about where we’re going. In real-time.”

Ashley Vukovits, CPA is CFO for a growing international business. She has dealt with complexity during her tenure in areas such as revenue recognition. Vukovits sees herself becoming increasingly more strategic in the future as she leads the company’s accounting team.

David Cantos is business unit controller for a large international company. He has seen a transition to more compliance related work and alignment with corporate functions. Cantos recognizes the need to be agile to effectively manage the constant changes in his industry.

Ashley Vukovits, CPA – Chief Financial OfficerInteractive Intelligence, Indianapolis

David Cantos, CPA – Business Unit Controller for Security North AmericaStanley Black and Decker, Indianapolis

I want to help make decisions

about where we’re going. In real-time.



“I’ve moved further from the technical details and focus more on business unit day-to-day controllership. My responsibilities vary from focusing on the business partnership with the CFO of my divi-sion related to forecasting, or reviewing commercial or operational accounting to addressing compliance initiatives with auditors or

corporate functions. My responsibilities are what I would’ve expected in public accounting, however, aligning with

various corporate functions or the CFO’s team is different than expected due to the company’s matrix

structure.”

HOW HAS YOUR ROLE AS A CPA CHANGED?“I’ve continued to move further into busi-

ness-focused controllership and financial leadership. I hope to leverage my accounting

expertise but really excel based on overall busi-ness knowledge. My company is structured so that

controllership is a corporate reporting line with a dotted line into my division’s business unit leadership

(i.e. CFO & president) and finance is a direct line into that business unit team.”


“It’s important for me to connect the changing commercial and operational challenges in my industry (primarily electronic security installations and monitoring) to the accounting systems, processes, and guidance related to my business unit. Being agile with changes in pricing, in the nature of transactions, or in our supply chain is as crucial as reacting to new GAAP or variations in our auditor’s inter-pretation of the guidance.”

33WINTER 2016

Thank You

FEATURESFEATURES

Firm ContributionsAdamczyk & France CPA, P.C.Cadick Williams McAllister Ford CPAs,

LLCDawes & Pugh CPAs, LLCKaren L Schenk & Associates, LLCKemper CPA Group, LLPMannia & Company, LLCO.W. Krohn & Associates, LLPSally Gogel CPA LLCStoppenhagen CPA Firm, PC

$500+Michael J. Flowers, CPAJohn P. Kane, CPA, CGMADavid A. McDaniel, CPARobert E. Reynolds, CPA, CGMA

$200-499Julia R. Barber, CPA, CGMASteven L. Beardsley, CPA, CVARoger A. Booth, CPA, CGMASteven A. Eichenberger, CPA, CGMAJames R. Estep, CPA, CGMAFred H. Gage, CPA, CGMA

Dale L. Gettelfinger, CPA, JDBrian K. Hostetter, CPA, CGMAPhilip K. Jackson, CPA, CGMADenny G. Mellon, CPA, CGMARex E. Miller, CPA, CGMARobert T. Murphy, CPAHarold J. Plumley, CPAJames E. Ruxer, CPA, CVAJohn D. Sauder, CPA, CGMAVerne P. Seehausen, CPAAnita Weaver Sherman, CPA, CGMASusi H. Willis, CPA, CGMA

$100-199Mark J. Adair, CPAArshad Ahmed, CPAAnthony J. Allison, CPABrian R. Archambeault, CPATimothy Joe Ayler, CPAJeffrey BalyeatDerek A. Bang, CPA, CGMAMatthew K. Beardsley, CPA, JDMichael D. Bedel, CPA, CGMAMark E. Blessing, CPA

Richard F. Bliha, CPAMark A. Blosser, CPA, CGMAGary M. Bolinger, CAEDouglas Edward Born, CPAJohn E. BourquardRobert W. Brandenburg, CPAThomas J. Brecht, CPAMarvin D. Brown, CPAJ. Robert Browning, CPA, PFS, CFP,

AWMAKeith E. Bruxvoort, CPAJohn R. Bushouse, CPABettie A. Caldwell, CPA, CGMARichard W. Campbell, CPA, CVA, CGMAJerome M. Case, CPAEric L. Childs, CPACharles J. Christner, CPA, CGMATimothy J. Comerford, CPAThomas L. Comisso, CPAThomas P. Cottrell, CPA, CGMAMarc Cram, CPARoger B. Crane, CPA, CMA, CGMALaura K. Cronkhite, CPASam D. Davenport, CPA

THE CPA-PAC IS THE ONLY STATEWIDE PAC representing CPAs in Indiana, the Indiana CPA-PAC is the lifeblood of the Society’s advocacy efforts. Your PAC investment works both sides of the aisle in the House and Senate, and is critical to your professional future. INCPAS would like to thank the 814 INCPAS members, companies and staff who donated $48,194.75 to the Indiana CPA-PAC as of November 30, 2015. You can still contribute online by visiting incpas.org/PAC. For more information, contact Sherrill Rude, CAE at (317) 726-5016 or [email protected].

Thank You

2015 PAC Contributors2015 PAC ContributorsContributors as of November 30


Brad A. Davidson, CPATimothy R. Deisher, CPA, PFSBrad M. DeWael, CPARandie Grant Dial, CPA, ABV,

CFF, ASATheodore D. Dickman, CPAJoyce A. Dulworth, CPAStephanie R. Dunn, CPARandall L. Effner, CPA, CGMAO Earl Elliott, CPAJohn G. Farrell, CPA, CGMAGary A. Fox, CPADeborah Diane Freeland, CPA,

CGMAScott R. Frick, CPA, CGMAGeorge P. Gabor, CPATroy Jeremy Gilstorf, CPAGrant G. Glackman, CPA, CFPGregory M. Green, CPA, CVAMerrill C. Greene, CPA, CGMADavid E. Greene, JDDavid J. Hamernik, CPA, CIRA,

CFFKevin Jon Hamernik, CPA, CIRADavid J. Haney, CPA, CVAJay A. Hargis, CPAMichelle D. Helton, CPAMarvin D. Hills, CPA, PFS, CLU,

ChFCJulie R. Hipsky, CPAMichael A. Hollowell, CPAChristine K. Hootman, CPAKara E. Hoover, CPANicholas C. Hopkins, CPA, CFPMary A. Horn, CPAMark A. Hull, CPACharles Erwin Husman, CPAKevin E. Huston, CPAScot D. Ivey, CPACharles Johnson, CPA, CGMAThomas J. Jones, CPAElizabeth A. Kachel, CPA, CMAJennifer Catherine Kary, CPADarren S. Kay, CPAKenneth J. Keber, CPARichard D. Keiffer, CPAJennifer A. Knecht, CPAKevin G. Kruggel, CPA, CGMADebra Melwid L. Ladyman, CPAAnn M. Lathrop, CPAJames S. Laudick, CPARobert W. Lazard, CPA, CGMAJohn S. Leemhuis, CPA, FLMIDavid L. Leising, CPAJoel A. Lighty, CPA, CGMATimothy V. Luther, CPALarry A. Mackowiak, CPARonald D. Manning, CPAS Eric Marshall, CPA, JDRuss K. Matthys, CPAGregory A. McCarty, CPADennis K. McGuire, CPABarry C. MelanconKeith M. Messmer, CPA

William C. Metzger, CPAJoseph D. Meyer, CPAKaren I. Miller, CPALeslie R. Miller, CPAThomas J. MillerBruce W. Miller, CPALouis J. Miller, CPAAnthony Ridgeway Miller, CPAMichael Steven Moore, CPAKevin J. Morrison, CPAJeffrey W. Mull, CPAThomas E. Murphy, CPATimothy C. Musholt, CPADan P. Naragon, CPAScott R. Nickerson, CPA, CGMADouglas Eugene Nisley, CPAMartha T. Nommay, CPA,

CGMAJohn J. Nurkowski, CPA, CGMARebecca L. Ogle, CPA, CGMA,

CFEPaul R. Osborne, CPABret A. Overdorf, CPAKevin E. Pahud, CPAStephen E. Pajakowski, CPAHolly M. PantzerGary B. Peters, CPAKevin L. Petrow, CPARonald J. Pohl, CPA, CFPErland C. Porter, CPAJames L. Powers, CPAWilliam J. Powlen, CPARobert J. Pruitt, CPALisa M. PurichiaScott M. Ransberger, CPALinda L. Rea, CPAPamala D. Renninger, CPAGregory Dean Rexing, CPAJames M. Ridenour, CPACynthia A. Riebersal, CPA,

CGMASherrill Rude, CAEJohn D. Schlagenhauf, CPAMonica J. Schmidt, CPAAnthony A. Schoen, CPASeymour Schwartz, CPAMark E. Shaffer, CPASidney S. Sherwood, CPAJ Robert Shine, CPAKyle Andrew Simmerman, CPAW Alan Simmons, CPAJohn R. Skomp, CPADonald J. Smith, CPABenjamin Lee Smith, CPA,

CITP, CGMAJoshua C. SmithThomas J. Sponsel, CPA, ABV,

CFFRenee C. Stewart, CPACatharine P. Stewart, CPARoger L. Stichter, CPA, CGMA,

DBAMax L. Stinson, CPAKeith A. Stone, CPA, CGMA

Steven P. Strammello, CPALouis E. Stratton, CPA, CITP,

CGMACraig D. Sullivan, CPAMichele Sullivan, CPAJason S. Thompson, CPA, ABV,

ASA, CFE, CFFDavid E. Thwaits, CPABrenda Lynn Gorski Torres,

CPAAndrew J. Toth, CPARonald W. Turpin, CPA, JD,

CGMAPete A. Ugo, CPAJoseph P. Vande Bosche, CPARobert J. Wagner II, CPARobert A. Wedding, CPAWallace P. Wetherill, CPA, BAKent J. Williams, CPA, CGMAJeffrey L. Wilmes, CPAMark L. Winzenread, CPA,

CGMARobert A. Woods, CPA, CGMABryan J. Wright, CPAAndrew L. Wyse, CPAMichael G. Yates, CPADouglas A. York, CPA, CGMADaniel L. Young, CPA, CGMAThaddeus B. Zaleski, CPAKevin T. Zerr, CPA, CGMAMichelle L. Zimmerman, CPA

$50-99Robert A. Abel, CPAAlicia Aceves, CPAMark J. Adair, CPAArshad Ahmed, CPAMark A. Aiton, CPAAnthony J. Allison, CPAShawn Antell, CPA, CGMABrian R. Archambeault, CPASeth Attinger, CPAKaren L. Austin, CPAWilliam E. Bandor, CPA, CGMADerek A. Bang, CPA, CGMAThomas J. Barnes, CPARichard L. Bartholomew, CPA,

JDBrian M. BatesGary W. Bauer, CPA, CGMALinda M. Bender, CPA, CGMAHerbert J. Benshoof, CPACraig L. Berkeley, CPA, CGMALisa A. Bernet, CPARonald A. Blake, CPA, CGMAWilliam B. Blake, CPARobert J. Blankman, CPARichard F. Bliha, CPADaniel Z. Blomeke, CPA, CGMAMark A. Blosser, CPA, CGMAChristopher B. Boggs, CPALeeAnn Boggs, CPAJoan Z. Bonnet, CPA, CGMAJeff R. Boomershine, CPA

Michelle E. Boyden, CPA, CGMA

Susan C. Bradford, CPAThomas J. Brecht, CPAValerie K. Brennan, CPARichard F. Brock, CPA, CGMAStephen Bruhn, CPA, CGMATrent A. Bucher, CPAMark W. Buechlein, CPA,

CGMALawrence L. Buell, CPACaleb R. Bullock, CPA, CGMATony T. Bultinck, CPARhett W. Burgess, CPA, CGMADerrick Burks, CPADavid A. Burnett, CPA, PFS,

CFPDouglas L. Capper, CPAJames D. Carr, CPA, MST,

CGMACheryl L. Casselman, CPAKevin P. Cassidy, CPAJoseph K. Catron, CPA, CGMAKarl J. Cender, CPAR.M. Chambers, CPAEric L. Childs, CPABrian L. Clark, CPAJames J. Cline, CPAJennifer R. Clutter, CPA, CGMACraig P. Coffman, CPARonald S. Cohen, CPALee A. Cole, CPAClinton C. Coon, CPAHoward M. Cox, CPA, CMA,

CIAJeffrey L. Cox, CPAJohn B. Crane, CPADavid L. Creasey, CPA, CGMALaura K. Cronkhite, CPADavid H. Cropper, CPAErica E. Crowell, CPAJohn E. Curry, CPAJeffrey D. Curtis, CPAThomas S. Danford, CPA

Frank A. Danner, CPABrad A. Davidson, CPADavid M. Davis, CPALauren S. Davis, CPARichard A. Davisson, CPABrent A. Dawes, CPASusan E. Dawson, CPAHaley A. Day, CPAAndrew M. Deedrick, CPA,

CGMAMark A. Dennis, CPAAndrew L. DePew, CPAEugene H. Deutsch, CPABrad M. DeWael, CPADavid M. DeWitt, CPA, CGMAStephen J. Diagostino, CPADaniel D. Dickerson, CPABrian M. Dingman, CPAStephen F. Dobias, CPA, CGMAScott C. Dowling, CPAJake D. Dunton, CPA, CFE,

CGMALynn A. Duttlinger, CPACharles A. Dyczko, CPAPatrick J. Early, CPADouglas C. Fahrnow, CPA,

CGMAJohn M. Farrar, CPA, JDJohn G. Farrell, CPA, CGMAJay A. Feller, CPAJoel B. Fischer, CPALisa Fleck, CPAJanis H. Flutka, CPALisa K. Fosnight, CPARonald L. Foudy, CPAGary A. Fox, CPADavid S. Freeman, CPA, CMA,

CFMMichael A. Fritton, CPARebecca J. Fromm, CPA, CGMAJerry W. Fuhrmann, CPA, PFS,

CFPThomas L. Fuhrmann, CPAMark A. Gerber, CPA

PAC STATSThe CPA PAC supported 40 Indiana House Representatives:8 Democrats: $5,00032 Republicans: $19,500Total House contributions: $24,500

And 16 Indiana Senate candidates:4 Democrats: $3,50012 Republicans: $8,500Total Senate contributions: $12,000

35WINTER 2016

Ryan W. Graber, CPADeborah K. Grammer, CPAVicki A. Grantham, CPALori R. Greutman, CPAMarita R. Grisel, CPARandall R. Hackworth, CPA,

CGMARenita F. Haines, CPAAndrew D. Hamaker, CPA,

CGMABrian L. Hamil, CPAGreg A. Haney, CPAA. Michele Hardy, CPAMaribelle G. Harlow, CPA, JDJoseph M. Harris, CPAMark L. Hartman, CPAM. Phil Hathaway, CPAJustin M. Hayes, CPA, CGMAKenneth J. Hedlund, CPA,

CGMAWilliam D. Heffelfinger, CPA,

CGMADaniel L. Heman, CPARichard E. Hennessey, CPAPerry E. Hensley, CPA, CGMAJeffry T. Herbst, CPACheryl HolbrookDavid P. Holder, CPAScott Holland, CPA, CGMAMichael A. Hollowell, CPAKenneth F. Honegger, CPAElizabeth A. Hoover, CPADarryl W. Hoover, CPAKara E. Hoover, CPAJay R. Horn, CPAPatrick T. Houlihan, CPADaniel K. Hubbard, CPAJames A. Huber, CPAMark A. Hull, CPANan M. Hummel, CPARodney J. Humphrey, CPA,

CGMAEdward F. Hums, CPAStephen E. Hussey, CPAScot D. Ivey, CPADavid M. Jack, CPAHoward C. Jackson III, CPABrent E. Jagla, CPA, CGMAMichael J. JaicomoMichael E. Johnson, CPA,

CGMAGino Johnson, CPACarmen L. Johnson, CPA,

CGMAJames H. Johnson, CPAStephen L. Johnson, CPATerry L. Johnson, CPA, CGMAThomas J. Jones, CPA

A. Dave Jongleux, CPADavid A. Kahre, CPAShannon E. Kane, CPA, CGMAJennifer C. Kary, CPADavid C. Kehlenbrink, CPA,

ABV, ABARKristopher KershawTony P. Key, CPABenjamin C. Kimmerling, CPA,

CGMAMichael J. Kindler, CPARebecca S. Kingry, CPABrian J. Kinnaman, CPADella L. Kirkman, CPAJennifer A. Knecht, CPARonald J. Knueven, CPA, CVAErica L. Knuth, CPA, FLMIAmy L. Kopeck, CPAElizabeth D. Lanman, CPAWilliam L. Lapcheska, CPAJoseph S. LaRosa, CPA, ABV,

PFS, CFPAnn M. Lathrop, CPAThomas R. Lawrence, CPARobert W. Lazard, CPA, CGMAGary M. Lents, CPA, CPIM,

CVA, ABV, CGMALinda W. Leuck, CPATim L. Lewis, CPA, CFE, CGMAJohn A. Lienhart, CPA, CFE,

CFFRussell G. Lloyd, CPATimothy V. Luther, CPABarbara J. Lutterbein, CPALarry A. Mackowiak, CPAJoseph A. Mancini, CPAVicki A. March, CPASteven H. Martin, CPA, CPMRuss K. Matthys, CPAMichael J. McCaslin, CPAJohn R. McClary, CPAMichael P. McCormick, CPAJeffrey M. McGowan, CPA,

CGMACharles J. McKay, CPAMichael McKay, CPAJenni L. McNaughton, CPA, JD,

CGMAStacy L. Merrifield, CPALee Ann Merry, CPAAnthony R. Miller, CPAChris A. Miller, CPA, PFS, CFP,

MBALouis J. Miller, CPASteven A. Million, CPABernard P. Montgomery Jr., CPADavid J. Moore, CPAMark H. Morris, CPA

Kevin J. Morrison, CPASharon A. Mortensen, CPA, CFPJeffrey W. Mull, CPAThomas E. Murphy, CPAWilliam F. Murphy, CPA, PFS,

ABV, CFF, CVA, CGMACharles J. Naber, CPARalph R. Naragon, CPADavid B. Neitzel, CPA, MBA,

FLMIScott R. Nickerson, CPA, CGMADouglas E. Nisley, CPAJennifer Norris, CPA, CGMAMichael D. O'Brian, CPAJ. Kevin O'Connell, CPA, JDDaniel J. O'Connor, CPAPaul R. Osborne, CPAAnne E. Painter, CPA, CGMAStephen E. Pajakowski, CPARebekah S. Payne, CPAWilliam W. Peach, CPADaryl J. Petry, CPAShaun F. Phy, CPAR. Bruce Pickens, CPAStephen C. Plasterer, CPAEdward R. Pluhar, CPAJames L. Powers, CPAPatrick A. Primmer, CPAG. Michael Prugh, CPA, CGMAGary W. Purdy, CPARichard E. Quear, CPA, CGMAJohn L. Race, CPALinda R. Radaker, CPAGeorge T. Ramusack, CPA -

InactiveScott M. Ransberger, CPATed A. Rash, CPA, CGMAScott L. Reed, CPAPatty L. Renbarger, CPAVincent L. Rettig, CPA, PFSSteven J. Riddle, CPA, ABV, CVA,

CFP, CFFJames M. Ridenour, CPAKevin D. Rock, CPA, MBA,

CGMAJoseph H. Rodenberg, CPA,

CGMADavid M. Rushenberg, CPAGary A. Russell, CPAChristine E. Sands, CPAKelvin G. Satchwell, CPAMichael E. Sawyers, CPAJoseph A. Scheidler, CPAStephen P. Schelonka, CPA,

CGMAMonica J. Schmidt, CPAChristina N. Schoeneman, CPAJohn G. Seale, CPA, CITP

Michael R. Sedam, CPAPatrick K. Sherck, CPASidney S. Sherwood, CPAKent J. Shipley, CPAKenneth L. Short Jr., CPA,

CGMAJames A. Simpson, CPA, CGMARoger W. Sipe, CPAJohn R. Skomp, CPADeborah Sladen, CPAHarold Slager, CPAJames R. Smarelli, CPAJane A. Smiley, CPA, CGMAGregory C. Smith, CPA, JDJim R. Smoots, CPADiana SnellenbargerNancy S. Sowers, CPAKelly A. Spaulding, CPALacey A. St John, CPAKari R. Stabler, CPAJulia A. Stauffer, CPA, CGMAAllen R. Still, CPA, CIA, CFE,

CGMARandall J. Stoll, CPAJames T. Stoner, CPAMatthew P. StoutMichael A. Stover, CPA, ABV,

CFFSteven P. Strammello, CPAMichael A. Strauch, CPAGeorge C. Stump, CPA, CGMACraig D. Sullivan, CPAMichele Sullivan, CPAPamela L. SwitzerNicklas S. Talarico, CPA, CGMAFlorence B. Teskey, CPAThomas J. Thieme, CPA, CMA,

ABVScott A. Thoman, CPADanielle L. Thompson, CPA,

CGMADavid E. Thwaits, CPABrenda L. Gorski Torres, CPAWilliam E. Trinkle, CPAPete A. Ugo, CPALewis J. Utterback, CPAMark A. Vollmer, CPA, CGMADavid L. Wade, CPA, CGMADeborah L. Wagner, CPAJohn A. Wagner, CPAJames B. Wagoner, CPANathan D. Warfel, CPARoger E. Werner, CPAStephen M. Wessel, CPARichard B. Wheeler, CPAChristopher R. Whitehead, CPADouglas J. Wiese, CPA, CGFM,

CGMA

Nicholas W. WilliamsVivian Winston, CPADaniel A. Wisley, CPA, CGMAMichelle M. Withers, CPARichard T. Wittgren, CPARebecca Wittmer, CPAEllen R. Woods, CPA, CGMADouglas K. Wurmnest, CPAAndrew L. Wyse, CPAMichael G. Yates, CPAMary Pat Young, CPAAngela L. Zirkelbach, CPAEugene M. Zoellner, CPA,

CGMA

$1-49Steven C. AckmanJennifer J. Ahles, CPA, CGMACarlos B. Alexander, CPAMelissa B. Allen, CPAFredrick J. Anderson, CPAAlexander J. Andorfer, CPAMark Joseph Andorfer, CPATed E. Andrews, CPA, CGMAStaci A. Armstrong, CPAGregory A. Arnott, CPADonald G. Atteberry, CPABarbara S. Ault, CPAJoLynn P. Bahr, CPAJason L. Bainter, CPA, CDA,

MBA, CGMAMichael W. Bair, CPAJune L. Ball, CPA, CGMAMichael R. Barker, CPA, CISA,

CGMARonald F. Barnes, CPA, PFSDeborah M. Barton, CPAMichael D. BartonAustin L. Basinger, CPACelesta Suzanne Bates, CPA,

MBAStephanie M. Bauer, CPAJeffrey A. Baumann, CPA,

CGMACatherine L. Beadle, CPA,

CGMALouis BelchDonald E. Bender, CPA, CGMASusan A. Berghoff, CPARobert F. Bering, CPA, PFS,

CGMABradley H. Berman, CPAStanley D. Bieberich, CPALorita K. Bill, CPABarry F. Blackwell, CPAChanda K. Blair, CPAKimberly A. Blanton, CPAPaul L. Bogdanoff, CPA

“Member contributions to the Indiana CPA-PAC have been essential in our ability to work quickly and effectively with our state legislators on key issues during 2015. We anticipate a continued need for that support into 2016. These contributions ensure that we can keep open lines of communication with our legislators and underline the impact that issues affecting the CPA profession have on their constituents. Thank you to all members who have contributed – your contributions continue to make a significant impact on the legislative environment for your profession in Indiana.” – Mike Bedel, CPA, CGMA, PAC Chair


Rebecca J. Bohman, CPATricia L. Borcherding, CPA,

CGMAKimberly BosterMatthew P. Bova, CPADaniel L. Boyle, CPAPeggy L. Boyll, CPADouglas K. Bradford, CPA,

CGMARichard Bramhill, CPA, CMA,

CGMADebra K. Brenneman, CPAJason J. Bricker, CPA, CGMATom J. Brinkerhoff, CPAJames A. Briscoe, CPADonald E. Brooks, CPA, CFE,

CFF, CGMAJeffrey O. Brown, CPA, CGMABurt R. Brunner, CPADiana L. Bunton, CPAJo A. Burke, CPA, CFP, CHFCTeresa A. Burke, CPA, CGMAPatricia K. Burkhart, CPAMichael D. Cahill, CPA, CGMALarry D. Callahan, CPAGarrett R. Cannizzo, CPADiana A. Castner, CPAShelley J. Chamberlain, CPAAngela K. Chamberlin, CPA,

CGMAJulianne M. Charlesworth, CPATwana L. Cheek, CPASue F. Chenoweth, CPABeverly A. Christopher, CPATyler J. ClarkeAmy M. Clemmer, CPALynn S. Clevenger, CPAJ. Nelson Coats, CPADouglas CoeEmanuel M. Cohen, MBA, CPA,

CGMAJeremy R. Cole, CPA, CGMAJoseph A. Colone, CPAGregory S. Cowen, CPAKenneth W. Craig, CPADustin W. Crider, CPA, CGMAJane H. Cromwell, CPADavid J. Danic, CPA, CGMASherry D. Davis, CPA, CGMAStephen E. De Pue, CPA, CGMADebra S. Deckard, CPA, CFF,

CSEP, CGMAKathleen R. DeLong, CPA,

CGMA, SPHR, SHRM-SCPKenny G. Dennison, CPAChristopher M. Deno, CPA,

CGMAJeffrey D. Dix, CPA, MBAChristopher J. Doemland, CPAJames R. Doty, CPALinda L. Doty, CPA, CGMASteven R. Dreyer, CPA, CMA,

CGMAJean J. Drumm, CPAJohn T. Duey, CPA, MST

Karen A. Eder, CPA, CGMADouglas B. Ehlen, CPA, PFSMichael O. Elaman, CPARebecca L. Ennis, CPAMichael A. Ernst, CPATrey V. Everly, CPAAshley N. Faller, CPADavid A. Fee, CPALori Feller, CPAColleen A. Firestine, CPALarry D. Fouch, CPAAudrey J. Frush, CPA, CMA,

CGMARandy D. Fry, CPA, CVA, CGMALeonard K. Funk, CPAAmy E. Gallo, CPACarol L. Gardner, CPAEric F. GearyLothar B. Gehrig, CPAJohn H. Gildea, CPADebra A. Gooldy, CPAJudy Gosselin, CPAMichael E. Graber, CPAJeffrey W. Griggs, CPA, CFPMichael D. Gulley, CPAElizabeth E. Gutierrez, CPAAmanda K. Haase, CPAStephen B. Hackler, CPAGuy Haffley, CPAJanet M. Haley, CPAKristin J. Hall, CPA, CGMAMark N. Hammer, CPADerek J. Hammond, CPAJohn R. Haney, CPAWilliam R. Hanna, CPASusan E. Hansen, CPA, CGMADee J. Hartley, CPAElizabeth L. Hartman, CPAMichelle L. Hartman, CPAErica R. Haston, CPAMichael R. Hatton, CPAAmy L. Hay, CPAGregory E. Heldman, CPA, PFS,

CFPMarcia L. Henry, CPADennis J. Hickle, CPA, CTFAMary J. Hildinger, CPABrenda S. Hochstetler, CPACathy A. Hoffmann, CPAWilliam Holder, CPA, CGMALavonn R.D. Hostetler, CPA,

CGMAWilliam M. Howell, CPA, CFPTina M. Hunter, CPA, CGMAJeffrey A. Jackson, CPA, PFS,

CFPDerek M. James, CPAGene W. Johnson, CPAJames E. Johnson, CPAKaren S. Johnson, CPAShelley R. Johnson, CPA, CGMAStephanie J. JohnsonJanie L. Jones, CPA, CGMAJames D. Jones, CPAMarsha A. Kelley, CPA

Michelle A. Kerr, CPA, CGMATamara J. Kiefer, CPADarlene L. Kittredge, CPAMark E. Klopfenstein, CPAWesley R. Klutts, CPARobert D. Kohlmeyer, CPAAmy D. Koss, CPAKevin R. Koven, CPAMark O. Kretzmann, CPADana L. Krull, CPAMichele M. Laine, CPAJulie S. Lakes, CPALaura M. Lancia, CPA, CGMABelinda A. Lange, CPAJayne A. Lanning, CPAAustin D. Lehman, CPA, CGMAKristi A. Leininger, CPADavid W. Lemler, CPA, CGMASuzanne M. LemlerJenny I. Lemmon, CPABarry A. Levitt, CPADale E. Lindley, CPAKarla S. Lipscomb, CPAElizabeth Lockrey, CPAChauncey A. Long, CPAThomas E. Lorson, CPALori A. Lucas, CPA, CGMARichard A. Ludwig Jr., CPA,

CGMAPenny C. Lutocka, CPA, ABV,

CFEKerri D. Lyle, CPALinda A. Lynch, CPABarbara A. Lynn, CPAJennifer A. Lyons, CPAJohn T. Macy, CPAAaron B. Mares, CPAEric L. Martin, CPAGalen D. Maust, CPADru E. McCoy, CPAValerie A. McHarry, CPA, CFEJeffrey A. McKee, CPANorman L. Melhiser, CPAStanley J. Memmer, CPAJerry M. Metzger, CPAAmy R. Miller, CPAAnthony S. Miller, CPACorbin L. Miller, CPA, CGMAKaren L. Miller, CPAJeffrey A. Milligan, CPAEdith Millikan, CPAClark M. Millman, CPA, CISA,

CGMACarrie B. Minnich, CPAJohn J. Minnich, CPA, CGMA,

MAcctRose M. Morgan, CPARobert L. Morris, CPARobert H. Mosser, CPA, CGMAJulie A. MoyersAaron M. Musgrave, CPAAmy L. Myers, CPANicole N. Naragon-Blevins, CPASandra J. Neel, CPAMark A. Nelson, CPA

Kirk A. Newcomer, CPAToni M. Niemann, CPATimothy J. Nierman, CPAChristopher J. Norris, CPA,

CGMAJoseph T. O'Connor, CPAJessica Ogle, CPAJenny O'Hara, CPA, CGMAFranklin T. Olive, CPA, CGMAPatricia M. Oppor, CPADaniel F. Osberger, CPATracy O. OsborneRobert J. Papandria, CPACarol ParmeleeJeffrey Peek, CPAJames M. Peirce, CPA, CGMAKimberly M. Pendzinski, CPAHeather Perry, CPA, CGMARobyn A. Poole, CPABrian W. Prather, CPA, CGMAGary M. Price, CPA, CGMA,

MBAPatricia L. Rath, CPATodd L. Reichenbach, CPADeborah K. Reinking, CPAKevin A. Rhoton, CPACarol A. Richards, CPAZach S. Richards, CPA, CFERebecca K. Rissen, CPA, FLMI,

AIAF, MBA, CGMAJay C. Ritchie, CPASusan R. Robertson, CPAChristopher P. Rodgers, CPAMichelle L. Rodgers, CPAJessica S. Rollins, CPA, CGMADave Romie, CPA, CGMAChristine M. Rupp, CPAJayni K. Rush, CPA, CGMAScott T. Rutledge, CPADianna C. Ryan, CPADaniel J. Sailer, CPA, ABV, CFAJoseph C. Sanders, CPAJason W. Saunders, CPACasey J. Scheurich, CPAMelissa Schiff, CPACarol F. Schmidt, CPALouis C. Schmitt, CPA, CGMADavid K. Schneider, CPA,

CGMACarol E. Seals, CPAKenneth W. Seigel, CPAAllen R. Seng, CPALarry R. Shaw, CPAJon ShobergDenise S. Shockley, CPAJohn A. Shupe, CPACurtis P. Simms, CPAKurt Simpson, CPAMichael H. Simpson, CPA, PFSKristie Small, CPA, MBACarolyn J. Smith, CPAPamela G. Smitson, CPA,

CGMASandra J. Snearly, CPAGloria Spears, CPA

Sara L. Spohr, CPAAmy K. Springer, CPACorey H. Stark, CPANeal R. Stegemiller, CPA, CGMARegina L. Stephenson, CPADaniel B. Stichter, CPA, CGMARonald L. Stopher, CPA, FSA,

MAAASteven K. Stucky, CPA, CGMAMelody Sumpter, CPARobert E. Swartz, CPA, CITP,

CGMAPhillip D. Talley, CPAJeff A. Taner, CPABarbara E. Tapp, CPAAndrew A. Taylor, CPAAmy K. Thieling, CPA, CGMARobert A. Thomas, CPA, CGMAJude A. Thompson, CPA, CGMAArthur J. Timpe, CPAArthur Timpe III, CPA, CFPGary M. Timpe, CPA, JDDouglas J. Todd, CPAJoseph P. Traeger, CPA, CGMAThomas J. Trentadue, CPAKaren V. Turner, CPAMike Turpin, CPAKathy J. Tyson, CPA, CGMAJohn C. Upshaw, CPAEva M. Vandeputte, CPAPatricia L. Vollmer, CPAThomas D. Wadelton, CPA,

CGMADaniel H. Wagner, CPAJames I. Walker, CPA, CVA, JD,

ABVRichard E. Walker, CPARyan M. Watson, CPA, CGMAMartin L. Weaver, CPABeth A. Wedmore, CPAGarry D. Wells Sr., CPA, CGMAMark S. Westerhausen, CPA,

MSTAdam J. Westgerdes, CPAKevin R. Whitacre, CPA, PFSStephen J. Willem, CPA, CGMABarbara A. Williams, CPA,

CGFM, CGMABeth A. Williams, CPAJan S. Williams, CPACarla D. Willis, CPAGregory K. Willis, CPACynthia M. Wirtner, CPAThomas K. Witherow, CPADavid G. Wolf, CPADouglas A. Wolfe, CPAGregory A. Wright Jr., CPACatherine A. Wynne, CPARoger D. Young, CPA, CGMAKari F. Zehner, CPAJudy M. Zell, CPAMichael G. Ziga, CPA, CGMADennis D. Zorger, CPA

37WINTER 2016

Continued from page 10...


Frederich P. Ebner, Indiana University Northwest

Jianan Fei, Indiana UniversityArielle Filiczkowski, Indiana UniversityJessica France, Purdue University CalumetSijia Fu, Indiana UniversityKari Gadsby, Indiana University South BendKeflome M. Gebrenegus, Marian UniversityKeith R. Giagnorio, Indiana UniversityJamie L. Gilles, University of IndianapolisAustin T. Ginther, Marian UniversityAbigail Gomez, IUPUIEthan A. Goodman, Indiana University

NorthwestClaudia Gunawan, Indiana UniversityJamonte J. Hampton, Marian UniversityCaitlyn L. Hayes, Purdue University CalumetIan M. Hickman, Indiana TechJessica N. Hill, Ball State UniversityCaleb D. Hofmann, Indiana UniversitySiyin Huang, Indiana UniversityGabriel T. Huck, Indiana Wesleyan UniversityChris Hunt, College of DupageMaxwell Jackson, Marian UniversityKaylin M. Jarvis, Indiana State UniversityAndrew L. Jensen, IPFWNoah M. Johnson, Indiana Wesleyan

UniversitySamantha Keeslar, IPFWNicholas L. Kemerley, IPFWKiefer Kersey, Indiana University NorthwestMatthew D. Kralik, Indiana University

Northwest

Lydia M. Lausch, Ferris State UniversityKari L. Lessner, Governor’s State UniversityQianli Liu, IUPUIMyndi S. Love, IPFWNatasha L. Manor, IPFWMatthew A. Martin, Indiana Wesleyan

UniversityJami L. Mason, IUPUIAnna E. Mast, Indiana Wesleyan UniversityDennis J. Mayes, Indiana State UniversityJessica M. McMillen, University of Saint

FrancisAshley N. Meloy, Indiana University NorthwestAlexander Midence, Purdue University

CalumetSamantha C. Montague, Indiana State

UniversityPhilip D. Muller, Western Governors UniversityJake W. Myers, Indiana Wesleyan UniversityMartyn A. Nellis, University of Southern

IndianaBryan F. Noll, Western Governors UniversityAdam Parkhurst, Purdue UniversityIsaac A. Patterson, IPFWBailey J. Pell, Indiana State UniversityKasandra M. Perez, Marian UniversityMarcus A. Price, Indiana Wesleyan UniversityCurtis Riddle, Indiana University SoutheastJulie A. Romelfanger, IPFWBeth A. RutkowskiAmy L. Sayger, Indiana University NorthwestAndrew C. Schindler, Indiana University

Madison M. Seifert, IPFWGaomongwe T. Selawe, IUPUIAbigail M. Shanks, Indiana State UniversityHarneel Singh, IPFWJacqueline M. Skinner, Purdue University

CalumetAdam D. Smith, Indiana University EastMelissa N. Smith, IPFWKristin M. Spoelhof, Purdue University

CalumetReagan R. ThigpenAlexander J. Tychek, Indiana University

NorthwestHannah N. Van, Indiana University South

BendShawn M. Wagner, Indiana University South

BendYan Fu. Wall, IPFWRui Wang, Purdue UniversityKenneth A. Whisenton, Purdue University

CalumetPhillip C. Whiteman, Indiana State UniversityNicholas W. Williams, University of

IndianapolisAnalyn R. Wright, IPFWKacy J. Yeiter, IPFWKacy Jo. Yeiter, IPFWDenise Zavala, Purdue University CalumetLulu Zhang, Indiana UniversityLin Zhou, Purdue University Calumet

Brittany A. Lange, EYDaniel Leyes, CPAJeffery LoffJulie A. Luttinen, CPACynthia M. Maier, CPAMitchell Z. McAdams, CPA

Nicholas Mitchell, CPA, Kruggel Lawton CPAsKaoru Negishi, CPA, DeloitteTaryn Quattrocchi

David A. Richardt, BGBC Partners, LLPMatthew J. Robertson, CPA, My Taxman

Lindsay A. Roberts-Stalcup, CPA, Lauren Davis & Co, CPAs, PCVivienne J. RossMary B. Schwambach

Justin B. Schwartz, CPA, Alerding CPA GroupVladimir A. Shukyurov

Michelle D. Skeen, CPA, CNO Financial Group William T. Snyder, CPA, Dauby O’Connor & Zaleski, LLC

Terry C. Stanton, CPA, NIPSCO Kathryn Stephens, CPA, Wheeler & Associates, P.C.

Jerry StonerPriya S. TrivediVicki B. Urbanik-Randall, CPA

Heidi M. Wheeler, CPA, KB Parrish & Co, LLP Caleb J. Williams, BGBC Partners, LLP Tyler A. Wilson, CPA, Umbaugh

Philip A. Woodbury

Want your name on the list? Become a member of the Indiana CPA Society. Visit incpas.org/join.



Katz, Sapper & Miller, Indianapolis, and Krouse, Kern & Co., Fort Wayne, merged and are operating under the Katz, Sapper & Miller name.

Kruggel Lawton CPAs, Elkart and South Bend, has added a new St. Joseph, Mich., office and is adding the staff of Schaffer & Layher, PLLC.

Riney Hancock CPAs named one of Accounting Today’s 2015 Best Accounting Firms to Work For for the sixth consecutive year.

Whitinger & Company LLC, Muncie and Fishers, is merging with Merrill Greene CPA, LLC dba Greene, Inc., Muncie, to expand professional services. The merged practice will operate out of three offices until spring 2016.

on the top two or three issues in each category. The next meeting will be in May. For more information on TRAC, contact Sherrill Rude, CAE [email protected].

GOVERNMENT RELATIONS ADVISORY COUNCILGRAC prepared the Society’s legislative agenda, which has been

approved by the INCPAS Board. Legislative issues addressed by GRAC are peer review report access,

school audits, government financing, transparency, and use of enforcement funds.

The AICPA and NASBA have jointly issued an exposure draft regarding retired status. INCPAS will respond to the exposure draft

which proposes a retired CPA be allowed to perform limited duties in a volunteer capacity including serving on boards and preparing tax returns for no fee. For more information on GRAC, contact Sherrill Rude, CAE [email protected].

INDIANA CPA-PACThe Indiana CPA-PAC met on January 12 in downtown Indianapolis.

The meeting included a legislative update from INCPAS lobbyist Lou Belch, and discussion of the 2016 legislative agenda, INCPAS member fundraising and the PAC’s contribution strategy for the 2016 elections For more information on the Indiana CPA-PAC, contact Sherrill Rude, CAE [email protected].



HOW HAS YOUR CAREER CHANGED IN THE LAST FIVE TO 10 YEARS?“I have progressed through several years of public accounting as well

as some experience with a smaller home building contractor. I joined the organization I am currently with as the controller and now serve as the Chief Financial Officer of a medium sized heavy civil contractor.”


“There has been significant change in the expectations associated with a CPA. Part of this has been attributable to my evolving roles but a significant portion is attributable to fluctuations in the economy and generations performing the work in the workplace. Employees have skill sets and technology available to them today that my predecessors

could not have imagined. I spend a lot of time not only forecasting where the company will be positioned based on current market conditions and our long range plan, but also researching, evaluating, and implementing the technology and tools to realize the vision. The CPA is no longer the person to explain ‘what happened’ but rather what could ‘most likely happen’ and what changes could help the organization get there.”


“I believe the need for innovation and the expectation of the CPA to be a key person in the process to bring innovation to the organization will remain for at least the next five to 10 years.”

Chris Bane, CPA, CGMA – Chief Financial OfficerMAC Construction & Excavating, Inc., New Albany

Chris Bane, CPA, CGMA is the CFO for a mid-size local company in southern Indiana. He has seen significant change in the role and expectations of the CPA, in particular due to technology innovations. Using a sports analogy, Bane says that CPAs are no longer scorekeepers for the game but players that are expected to put points on the board.

39WINTER 2016

READ IT ONLINE

READ: For the complete articles, login to cpacoe.incpas.org.

Classifieds

Website mistakes: Are they on your site?By Dona Stohler

No matter what size firm you are, your website is your window to the world. Like it or not, a firm’s website has become the way your pros-pects and probably current clients evaluate and validate their choice to hire you to help them with their legal problems. You don’t need to break the bank to have a decent website that looks good, says what you do, is easy to navigate and allows people who visit the site to find what they need. There are a few things that you should consider.

RESPONSIVE DESIGNAt a minimum you should have responsive design. For those who aren’t familiar with this term, what it means is that on the desktop, tablet, or mobile device your site will work and look good. The design is “respon-sive” to the devices. If you want to be really on top of it, have a mobile design that puts information that mobile users typically...

Test Your Cyber IQBy CAMICO

Cyber-security has become a major risk concern for CPA firms of all sizes across the country. Trusted advisers such as CPAs should therefore be well-informed about preventive measures in order to assist their firms and clients with the pre-breach environment, and to reduce the high costs associated with the post-breach environment.

Take this 15-question cyber IQ quiz to find out how prepared you are. Please select the best answer out of those presented:

1) What is a data breach? a. A laptop is lost or stolen, and it has employee personally

identifiable information (PII) on it. b. There is unauthorized access to your computer system and PII

is taken c. Paper files containing PII are stolen by an employee...

ACCOUNTING PRACTICE SALES specializes in the sale of CPA firms and accounting & tax practices. Our marketing and consulting services are focused exclusively on the accounting professional. We provide guidance and assistance in selling your practice, merging with an established firm, growing an existing business or acquiring a new practice.

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THINKING ABOUT YOUR EXIT STRATEGY?We offer a FREE Practice Valuation and on-site Consultation

Call 1-800-272-7355 or e-mail [email protected] www.APSmidwest.com for more details

+


THE SOCIETY

A New Generation of CPA Hiring and Retention

In a recent article published by the Journal of Accountancy, young female CPAs listed several traits that attracted them to a particular firm or company. Among those, of course, were financial incentives and benefits. But to the surprise of many I have spoken with, it was not the most attractive feature. The new generation of CPAs are looking for more than just compensation, as the list includes items such as opportunities for advancement, flexible working arrangements, and training and

personal development programs. Also, in a recent poll developed

by CPA Trendlines, nearly all of the poll questions deal with

items that may not have been important to new CPAs even 10 years ago. These include regular performance reviews, career development and leadership training, client interaction, work-

life balance, and a team concept amongst staff and partners alike. While the results of this study are still being compiled, it appears obvious by the survey questions that the landscape has changed. I

would encourage you to take the poll, and as a participant you will receive a summary of the results.

Based on the results of this and several other polls, it appears a shift has occurred that will have a great impact on hiring and retention in the coming years. Sure, young CPAs value being fairly compensated, but we are seeing other traits that may be of equal importance to them. So, how can you and your firm get out in front of this change? Author Courtney L. Vien from the Journal of Accountancy polled several profession experts to ask them how to recruit and retain top young talent. Below is a list of their responses, which are strikingly similar to those described above:

1. Promote talent over tenure2. Keep your technology up

to date3. Let them know how they

are doing often4. Be transparent5. Embrace efficiency

This list is a good start for firms or companies who are trying to get ahead of this shift,

but there may even be a simpler solution. Firms should utilize the young CPAs they currently have to measure the value that their firm or company has in hiring and retention. Having those conversations and involving young CPAs in the recruiting process can often be a fruitful decision for firms or companies, because, after all, who better to gauge the interest of young CPAs than young CPAs themselves? While the methods used to navigate this change in hiring and retention may vary from firm to firm or company to company, one thing appears to be certain – firms or companies that can successfully manage this transition will continue to grow their practice with the next generation of talented CPAs.

What have you experienced in your hiring practices and staffing needs? Are you seeing the same trends or others? What plans or changes are you considering to make your firm or company more attractive to graduates or your professionals? Originally posted August 11, 2015, on cpacoe.incpas.org/blogs

The dog days of summer often bring a change in focus for public accounting firms, moving from the idea of compiling tax returns and audit reports to working toward hiring and retaining the next generation of talented CPAs. With college recruiting right around the corner, this is a topic that seems to be ever changing for not only public accounting firms, but businesses that employ CPAs as well. As an influx of young and talented CPAs continue to change the landscape of the profession, we continue to see new trends that are becoming even more important to hiring and retaining top talent.

As Seen on The Smoke Detector

By Joe Edwards, CPAEstep, Doctor & Co., PC

A large group of freshman college students here at Indiana Tech had just been asked by the career services director, “What comes to mind when you think of accountants?

Smoke Detector SampleBreaking Old StereotypesBy Lisa Brown, CPA, CGMA, Indiana Tech

And there it was, thundering throughout the room, “BORING!”

A large group of freshman college students here at Indiana Tech had just been asked by the career services director, “What comes to mind when you think of accountants?”

In 1971, The Accounting Review published an article by Don T. DeCoster and John Grant Rhode entitled, “The Accountant’s Sterotype: Real or Imagined, Deserved or Unwarranted?”

The article begins, “The popular stereotype of a Certified Public Accountant is often in

conflict with the image desired and held by the accounting profession.”

Today, in 2015, 44 years later in this auditorium, it doesn’t seem as if we have successfully debunked this stereotype. Originally posted October 13, 2015. For the full blog, go to cpacoe.incpas.org/blogs

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INDIANA CPA SOCIETYCPA Celebration 2016

May 13 • Indiana Roof BallroomJoin us May 13 for the 2016 CPA Celebration at the Indiana Roof Ballroom to recognize successful Exam candidates, award winners and outgoing leadership.

EARLY BIRD DISCOUNTRegister by April 22 and save $15 per registration • call (317) 726-5000 or 1-800-272-2054 or visit incpas.org/CPACelebration

presented by The National Bank of Indianapolis

Documents

CPA IN Perspective Winter 2016