Slidedeck for New CPA Swearing-in Ceremony held in cooperation with the Maryland Department of Labor, Licensing & Regulation to recognize newly licensed CPAs in Maryland. This includes some fun facts about the history of the CPA Profession in Maryland. This is our sixth year hosting this event and featured Barry Melancon, CPA Chairman of the AICPA, Liz Gantnier, CPA member of the State Board, and Michael Vorgetts, Commissioner of Occupational & Professional Licensing of the DLLR who administered the oath.

1. Welcome to the CPA
Profession!
Congratulations New CPAs!

2. We believe in CPAs!
Period.
And we believe in you!
Congratulations!

3. Maryland CPA Facts
Tonight marks the sixth year of our
official swearing-in ceremony
developed in cooperation with the
Maryland Department of Labor
Licensing & Regulation

4. “Let your future be lit
with the knowledge of the
past.”
- Sakichi Toyoda, Founder, Toyoda Automatic Loom
Works, predecessor to Toyota Motor Company

5. Welcome Barry Melancon, CPA, CGMA,
President & CEO of AICPA
Barry C. Melancon is the President and Chief
Executive Officer at the American Institute of
Certified Public Accountants (AICPA), the national
professional association of CPAs, with nearly
386,000 members worldwide.

6. Welcome Michael T. Vorgetts,
Acting Commissioner
Michael Vorgetts joined the Division
of Occupational and Professional
Licensing in August 2012 to serve
as Deputy Commissioner after four
years with the Maryland Department
of Legislative Services. He currently
serves as the Acting Commissioner.

7. Maryland CPA Facts
Maryland State Board of Public Accountants
Chair - Thomas J. "Tim" Murphy, CPA, Prince George's
County
Mac N. Claxton, CPA, Prince George's County
Elizabeth S. Gantnier, CPA, Frederick County
Clifton B. Jeter, CPA, Montgomery County
Ella H. Pierce, Baltimore City
Naomi B. Powell, Prince George's County
Raymond C. Speciale, Esq., CPA, Frederick County
Dennis L. Gring, Executive Director
Linda Rhew, Administrative Officer

8. Maryland CPA Facts
Associations have their roots
in the First Amendment of
the US Constitution that
allowed for:
• freedom of speech
• to peaceably assemble
• to petition the
Government for a
redress of grievances
Source: Newseum in Washington DC

9. Maryland CPA Facts
Two Marylanders are credited
with the formation of the CPA
Profession in the United
States:
Edward C. Cockey as the first
president of the AICPA and
Henry Harney as the source of
the concept of a Certified
Public Accountant.
Source : MACPA History Book

10. Maryland CPA Facts
A profession has three major attributes
1. A distinct and evolving body of knowledge
2. A commitment to the public interest – licensed by the
government
3. A code of conduct and ethics

11. Town Halls VUCA

12. Maryland CPA Facts
The CPA Examination
The 1900 Exam
The 2013 Exam
1.Auditing & Attestation
1. Practical
(AUD)
Accounting
2. Theory of Accounts 2.Business
Environment
3. Auditing
Concepts (BEC)
4. Commercial Law
3.Financial Accounting
5. Commercial
& Reporting (FAR)
Arithmetic
4.Regulation (REG)

13. Maryland CPA Facts
Maryland was the third state in the
U.S. to recognize the public interest
of accounting and financial reporting
by enacting a law that established
and regulated the practice of the
profession of PUBLIC
ACCOUNTANT.
On April 10, 1900, Governor John
Smith signed into law Chapter 719
establishing the (Certified) Public
Accounting designation

14. CPExpress Select new

15. Maryland CPA Facts
The Maryland Association of CPAs,
Inc. was established on February 12,
1901 for the purpose of uniting CPAs
across Maryland and enabling them
to conform to the high standards of
the CPA profession.

16. Maryland CPA Facts
We updated our
mission and purpose
in 2000 (and logo in
2011) to reflect the
changing world of the
CPA Profession and
our Association.

17. Maryland CPA Facts
We will help CPAs compete and thrive in
a rapidly changing environment by:
• Connecting them to their profession, each other,
and the business community.
• Protecting and promoting the CPA license and
brand.
• Achieving career success through technical
excellence, thought leadership, best-in-class
professional development, and being their trusted
filter for information.

18. Maryland CPA Facts
Associations were a “uniquely American
institution” first observed by the French political
philosopher in 1835 when he noted:
“From then on, they are no longer
isolated men, but a power one sees
from a far, whose actions serve as an
example; a power that speaks, and to
which one listens.”
– Alexis de Tocqueville

19. CPAs in record attendance at CPA Day in Annapolis
Nowhere is this more evident than in our advocacy
efforts at the State Board of Public Accountancy and in
Annapolis for our Legislature…
CPA Day in Annapolis January 15, 2014

20. KEY
GOALS/
RESULTS
History of CPA Legislation
In the
Beginning...
Max Teichman,
Frank Blacklock &
William Rogers
Rights & Recognition
•Privilege of SelfRegulation
•Right to Sole Control over
an Area of Practice
AG opinion of 1981
Grants rights to non-CPAs
for Reviews & Comps.
SB 560 Defeated
Maryland Corporate
Accountability Act
MACPA requests
reversal of AG Opinion
– “This is not an audit”
language added
MACPA wins use of
“consultants” in firm
letterhead at State Board
PROJECTS/
STRATEGIES
State Board of
Accountancy
formed
Maryland
becomes the 1st
state to restrict
practice for CPAs
KEY EVENTS
HB 1261 re-writes
CPA Law - 1986
Accounting
Reform task
Force
addresses
SOX
• CPA Bill signed April 10, 1900
• MD is 3rd state (NY & PA)
PRODUCTS/
SERVICES/
SITES
Larry Kamanitz
chairs Legislative
Committee
Dawson Grove
chairs Legislative
Committee
MACPA defeats Sales
Tax on Services
Amended Corporate
Tax Reporting Bill
MACPA passes new
simpler CPA exam
Education Rules
PEOPLE
MACPA Forms Task Force and
surveys members
88% Sub Equivalency
76% Peer Review & Safe Harbor
68% Non-CPA Ownership
Maryland
Special
Session
Oct – Nov 07
State Board Hearing
May 1, 2003
MACPA amendments to
ed requirements fail
HB 1296
Mobility
Passes
Terry Hancock
chairs Legislative
Committee
Allen Deleon
chairs Legislative
Committee
Dateline
1900
1901
1922
1924
1974 1976
1981 1987 1993
Maryland Association of CPAs
1999 2001 2003 2005 2006 2007 20
2008

21. Maryland CPA Facts
Maryland was one of the first states to enact a law
requiring
mandatory
Continuing
Professional
Education (CPE), recognizing the public interest of
CPAs keeping up with changes in standards and law.
This has turned into a core value of lifelong learning
for CPAs.

22. And continues to be modernized to meet the demands
of the Profession and the changing world we live in…
A Bill SB 128
From State Board
Maryland Senate &
House passes bill
Maryland Governor
signs into law
Law
Maryland State Board of
Public Accountancy
Clarify thru regulations
And enforce the law

23. Tax Curriculm

24. 1040 fast track

25. Maryland CPA Facts
In 1924, Maryland was the first state to
enact a law restricting the practice of
public accountancy to licensed CPAs
and recognizing the important role
CPAs would play in the growing
commerce and industrial sectors of
the Maryland economy.
This would resurface with the advent of
Accounting & Review services in a
1981 Attorney General Opinion
allowing non-CPAs to offer reviews
and compilations in the State of
Maryland, only to be reversed by
legislation sponsored by MACPA &
the State Board in 2010 reverting
back to the original intent of the 1924
law.

26. Maryland CPA Facts
More than 100 MACPA members call our senators and
we defeat the amendment!

28. Maryland CPA Facts
“A large field for the ladies”
MACPA was one of the
first organizations to
recognize the importance
of women in the CPA
profession with the
admittance in 1909 of
two members, Elsa
Doetsch and Florence
Hooper.
The Maryland BAR would
not admit women until
1946
Source: MACPA History Book

30. ETHICS

31. Maryland CPA Facts
Maryland continues to be a leader in the CPA
Profession and recognized as an innovator.

32. MACPA’s CEO
was named as
the second most
influential person
in the Accounting
Profession
among the Top
100 list by
Accounting
Today Magazine.
It was Tom’s
ninth year on the
list.

33. Maryland CPA Facts
Maryland continues to be a leader in the CPA
Profession and recognized as an innovator.

35. Maryland CPA Facts
In 2011, MACPA led the CPA Horizons 2025
Project for the AICPA using our i2a: Insight to
Action strategic thinking system to design and
facilitate over 30 future forums with 1,000 CPAs
to create a vision for the Profession in 2025.

36. Maryland CPA Facts
MACPA members have a competitive
edge with 24 hours of free CPE and
the best learning resources in the
CPA Profession

37. Maryland CPA Facts
MACPA can help you maximize your career
trajectory through our Business Learning
Institute’s leadership proficiency training.
http://cpa.tc/thebounce

38. NEW BLI WEBSITE partner
ad

40. Maryland CPA Facts
“Association members
earn higher salaries,
like their jobs more, and
are happier people, on
average, than those
that do not join
associations.”
- Where the Winners Meet: Why
Happier, More Successful
People Gravitate Toward
Associations Study by William E.
Smith

41. Association by Seth Godin
Who you hang out with determines
what you dream about and what you
collide with.
And the collisions and the dreams lead
to your changes.
And the changes are what you
become.
Change the outcome by changing your
circle.

42. There is an old adage that says,
"you can tell a lot about a person from the
company they keep.”
We hope you will choose to “associate” with us.
Best wishes for a successful career as a CPA!