CAPTURING THE NEWEST STARS
Do you know someone who deserves a star? The FICPA is looking for 26 Under 36 – the brightest young CPAs who have served our organization, advanced the CPA profession and worked to better their communities. Make your nominations at www.ficpa.org/26under36! The deadline for nominations is Oct. 31, 2012.
2
SEPTEMBER/OCTOBER 2012
florida C P A
TODAY
contents SEPTEMBER/OCTOBER 2012
VOLUME 28, NUMBER 5
A P U B L I C AT I O N O F T H E F LO R I DA I N S T I T U T E O F C E R T I F I E D P U B L I C A C C O U N TA N T S
22
cover story
The Virtual World Five Ways to Protect Client Data
features 8
Redefining Education 2012 Mega CPE Conference delivers fresh approach to learning
12
GAO Revises Government Auditing Standards
8 departments
26
5
Chair’s message
7
President’s message
16 News briefs 26 DOR update 28 Staff reports 34 Marketplace 36 On the move
FLORIDA CPA TODAY
www.ficpa.org
3
F L O R I D A
PRESIDENT/CEO Deborah L. Curry, CGMA SR. DIRECTOR OF MARKETING & COMMUNICATIONS Jan Dobson, CAE EDITOR Suellen D. Wilkins GRAPHIC DESIGNER Loleta K. Bolden PUBLICATIONS COORDINATOR Dianne Dearduff EDITORIAL COMMITTEE Walter C. Copeland, CPA, chair Michael S. Kridel, CPA, vice chair Matthew P. Behnke, CPA • Douglas E. Day, CPA Lynda M. Dennis, CPA • David J. Hochsprung, CPA Troy Y. Manning, CPA • Vicki H. Meyer, CPA William C. Quilliam, CPA, Ph. D. All articles submitted to Florida CPA Today are subject to technical review, Editorial Committee review, space availability and editing requirements and restrictions. Please contact the editor before submitting unsolicited manuscripts. Florida CPA Today publishes letters to the editor in its Members’ Forum. For information about the guidelines, visit www.ficpa.org/letterstoeditor. Statements expressed herein are those of the identified authors and not necessarily those of the Florida Institute of Certified Public Accountants, Inc., nor should statements be considered endorsements of products, procedures or otherwise. The FICPA reserves the right to reject any editorial material or paid advertising that does not meet Florida CPA Today criteria or detracts from its ethical and professional standards. Florida CPA Today is published bimonthly by the Florida Institute of Certified Public Accountants, Inc., P.O. Box 5437, Tallahassee, FL 32314. Telephone: (850) 224-2727 or (800) 342-3197. (Street address: 325 West College Ave., Tallahassee, FL 32301.) Visit our website at www.ficpa.org.
Contributions are strictly voluntary and are not deductible for federal tax purposes. The Florida CPA/PAC is an entity completely separate from the FICPA. The Florida CPA/PAC is supported solely by the voluntary contributions of members of the FICPA and others. The Florida CPA/PAC is registered as a corporation with the Florida Division of Corporations and as a Committee of Continuous Existence with the Division of Elections within the Florida Department of State.
This magazine is provided to members of the FICPA. No specific amount of your dues, either expressed or implied, is for this publication. This magazine is not available for purchase by either FICPA members or nonmembers. For display advertising information, contact the FICPA Marketing Department at (850) 224-2727, Ext. 270. © 2012 by the Florida Institute of Certified Public Accountants, Inc. All rights reserved. Reproduction in whole or part is prohibited without the express written consent of the FICPA.
4
SEPTEMBER/OCTOBER 2012
chair’s M E S S A G E
Through FICPA Volunteerism, We All Win
H
ave you noticed? Volunteers are every where. As I travel throughout Florida, I am seeing passionate givers in action. Are you one? These CPAs are taking time away from work, perhaps giving up billable hours in the process, to make ours the professional CPA association in Florida. This column is dedicated to our volunteers. Thank you for making a difference – your energy and positive outlook are inspiring! The Ocean Reef Family Retreat Educational Foundation fundraiser is an example of what enthusiastic volunteers can accomplish. Chairman George Gilusiano, along with Vice Chair Jason Chorlins; the Ocean Reef Family Retreat Committee; and more than 150 attendees raised approximately $15,000 for student scholarships during the family-weekend event in Key Largo. It was a privilege – and a ton of fun – to be a part of the fourth annual retreat. This summer, FICPA members turned out in droves for the Chapter Officer’s Leadership Conference and for Committee Days. In both instances, CPA volunteers spent time focusing on delivering the best service to their Chapters and peers, and to our profession. Why do we do it? In part, to give back to the profession that has done so well by us. We also volunteer because, in the long run, peer relationships become business opportunities. Knowledge shared and leadership experiences gained make us better accountants, better entrepreneurs and better people. Providing rewarding volunteer experiences is just one way the FICPA demonstrates value to its members. The Institute is striving on many fronts to bring you even more – better CPE in the formats you want; more leadershipdevelopment opportunities; and strong legislative and regulatory representation in our state capitol, Tallahassee. But part of the value proposition is on us, the members.
FLORIDA CPA TODAY
Individually, we have to do what we can to Scott Price, CPA amplify and strengthen our collective voice. In her column on page 7, FICPA President/ CEO Deborah Curry discusses the importance of “bringing one on.” That’s not just another marketing tagline to attract new members to the FICPA – it’s the action that enables the Institute to bring us more value: more streamlining; increased public awareness about and esteem for the CPA credential; and the ability to address barriers to doing business. I hope you’ll do your part to “bring one on” and to get more involved in the FICPA. There are numerous options. Here’s your FICPA “to-do” list: • Log on to the FICPA website to join a Section and participate in ongoing listserv discussions about professional issues. • Break out your checkbook and support the Educational Foundation and/or join the Florida CPA/PAC (every dollar counts!). • Attend a Chapter meeting or an inperson CPE event, and network with your peers while you’re there. • Submit an application to serve on the FICPA Board, Committee on Nominations or another committee – visit www.ficpa.org/info-forms for submission criteria and deadlines (which are fast approaching).
“This column is dedicated to our volunteers. Thank you for making a difference – your energy and positive outlook are inspiring! ”
You, your business and the FICPA will benefit from your increased involvement. To date, the best part of my role as your chair has been the time I’ve spent with CPA volunteers. I hope to have the opportunity to meet and personally thank you for supporting the FICPA. In the meantime, please drop me an e-mail to share your ideas, feedback and comments. My address is chair@ficpa.org. FCT
www.ficpa.org
5
6
SEPTEMBER/OCTOBER 2012
president’s M E S S A G E
Bring One On!
I
SubHead It’s a challenge, a request and a call to
action! Are you up for it?
Do you know a former FICPA member whom you could encourage to come back and join us? Or, can you reach out to a current or prospective CPA and share with them the benefits of membership? Each day, I have the pleasure of serving one of the greatest, not to mention oldest, occupations on earth. The CPA profession evokes integrity, commands respect and provides a great future for those working in its many facets. During our Committee Days meeting in July, I shared two videos that addressed the future generations of our profession. In the videos, children played the role of future CPAs. They embraced change, challenged the need for an 80-hour work week to make firm partner, and pondered a world without a morning commute to the office. Is this far fetched? Is it unreasonable? How do we truly know what might be in the year 2050? Did you ever dream you’d be able to file your tax return by snapping pictures of your documents and submitting them by cell phone? A popular social-media source reported that there’s a shift in desire to join membership groups, and that associations are becoming obsolete. One blogger posted this: “We can do it ourselves, and we know how to do it ourselves.”1 I challenge that opinion. I’m convinced that when a profession wants to promote sound public policies, resolve financial issues or achieve success in advocacy, it must make its presence known. Consider the strength of the Florida Bar, to which all Florida attorneys belong. Membership in the FICPA is critical to accomplishing that level of strength for CPAs.
There are about 27,000 Florida-licensed Deborah L. Curry, CGMA CPAs, and 15,300 of those are FICPA members. But when our organization represents our issues and achieves success in the legislative arena, our actions benefit all CPAs in the state. Throughout the year, we reach out to the younger generation through our high school and college or university programs. We counsel students, provide scholarships through our Educational Foundation and help graduates move into the workforce. We are a primary resource to help potential CPAs apply for their licenses. Have you ever considered the business value of our recommendation to change the way you report your CPE hours during license renewal? Now, when you renew your license, you aren’t required to list each course you’ve taken as evidence that you completed your CPE. The time you save on that effort alone is worth the price of membership. You can better spend your time providing a service to your business, or having fun with your family, than filling out paperwork. Each year, we monitor many provisions introduced in legislation that could negatively affect your CPA license. It would be very difficult for each member to do that alone. It takes a team and advanced systems to be effective.
One blogger posted this: “We can do it ourselves, and we know how to do it ourselves.” I challenge that opinion.
Our success is in your hands. We need your continued support, as well as a boost through new members and returning members. So, won’t you accept my challenge? Take time this year to look around you, and reach out. If you need our assistance, please let us know. Help us find that strength in numbers by starting with just one. BRING ONE ON!
FCT
Social Fish, April 18, 2012.
1
FLORIDA CPA TODAY
www.ficpa.org
7
FICPA President/CEO Deborah Curry introduces Sen. Bob Graham, who spoke at the 2012 Mega CPE Conference.
Redefining Education 2012 Mega CPE Conference delivers fresh approach to learning
T
The FICPA held its inaugural Mega CPE Conference June 11-13 in Tampa and Orlando. Speakers traveled between the cities, and attendees viewed their presentations via simulcast. Other attendees participated in the conference via webcast. Of the conference’s many new and different concepts, the most popular (based on attendee feedback) was the hourly CPE schedule. Attendees chose from three topics, each hour, to customize their learning experience.
8
SEPTEMBER/OCTOBER 2012
Attendees also experienced interactive learning. Some speakers spiced things up by incorporating mock interviews, panel discussions, role-playing scenarios and trivia questions. Even a game show found its way into the conference – and one speaker gave attendees bottles of 5-Hour Energy drink during his A&A Update presentation! The Mega Conference replaced traditional exhibit-hall booths with a less formal, table-top setup. Attendees stopped by
By Wendy Johnson, CPE conference manager
And the list of innovations continues. Each location offered a lounge setting where speakers could talk one-on-one with attendees. The Mega Conference Committee searched far and wide for the best-of-thebest speakers, making sure the most talented made it to the agenda. Overall speaker scores indicate the mission was successful.
After delivering an address at the conference, Gov. Rick Scott greets Mega CPE Conference Chair Dave Moja (left), FICPA staff and attendees.
MEGA CPE CONFERENCE SPONSORS Gold Sponsor ADP
Continental Breakfast Sponsor Tampa and Orlando Liberty Mutual MEGA CPE CONFERENCE VENDORS
Especially high-profile presenters included Sen. Bob Graham, Gov. Rick Scott and AICPA Past Chair Ernest Almonte. Sen. Graham spoke in Orlando and was simulcast to attendees in Tampa. Gov. Scott spoke in Tampa and was simulcast to Orlando.
Accounting Practice Sales Accounting Today ADP Advanta IRA Services, LLC Aon Insurance Bedford Strategies and Solutions Bisk CPEasy™ CCH, a Wolters Kluwer Business CPS Investment Advisors Drake Software Emochila, a Thomson Reuters Business Exact Payroll Inc. Florida Board of Accountancy Hancock Bank Hartford Life LTC Global-Affinity Marketing Division Micel Financial National Insurance Brokerage, LLC NuView IRA Inc. Office Depot Office Tools Professional OJ Mortgage Co. Inc. Paychex Inc. PENSERVCO INC. Pension Investors Corporation of Orlando Inc. & Paylocity PrimePay Redgear Technologies Rogers, Gunter, Vaughn Insurance Inc. TD Bank Thomson Reuters Thomson Reuters Tax and Accounting
Vendors, sponsors and committee are heart of conference The FICPA extends its sincere appreciation to many folks who shared its vision to create a new and different event from which all Florida CPAs could benefit. Without their support, the “Mega train” would not have been able to move down the track.
AICPA Past Chair Ernest Almonte was among the distinguished speakers at the 2012 Mega CPE Conference.
vendor tables at their leisure and talked to vendors in the general break area. Attendees also enjoyed enhanced breaks each afternoon. What could be better than nibbling on a few chocolate covered pretzels and sipping on a smoothie while networking with other CPAs and vendors? FLORIDA CPA TODAY
First, our vendors and sponsors. Without their participation and support, the Mega Conference wouldn’t be possible. Having these companies at our events not only helps contain costs for attendees, it gives them a chance to learn how vendors can help make their companies better, faster and more efficient. Second, our Mega Conference Committee. Last year, the FICPA staff identified 15 FICPA members who have been dedicated, active and passionate volunteers, and who are committed to the concept of giving back to the CPA profession. Each member had served on other committees, spoken at FICPA conferences or seminars, and consistently gone beyond the call of duty. From that group, the FICPA unanimously agreed to
MEGA CPE CONFERENCE COMMITTEE
➡
David Moja, chair David Bergstein Mark Brechbill Frederick Brown Gary Fracassi Richard Franz Marshall Gunn Allison Harrell Anne Marie Hicks Michael Kridel Daniel Levine William Maloney Raymond Monteleone Anthony Palermo Cecil “Pat” Patterson Jr. www.ficpa.org
9
ask Dave Moja of CapinCrouse, LLP to serve as the first chair of the “all-star” Mega CPE Conference Committee – and he graciously agreed.
An Aon Insurance representative gives information to an attendee of the 2012 Mega CPE Conference.
Moja led by example with his passion and energy, and each committee member stepped up to help plan and execute the conference. There was a lot of work to do and they all responded to the challenge. There were multiple meetings and conference calls to attend, timely and relevant topics to identify, national speakers to secure – and, of course, lots of running around to do on site. We’ll remember their hard work to start this event as the Mega CPE Conference becomes even bigger and better in 2013, and beyond. FCT Wendy Johnson is the FICPA’s CPE conference manager. She can be reached at (800) 3423197 (in Florida); (850) 224-2727, Ext. 411; or johnsonw@ficpa.org.
What’s next? Hold on to your hats – the FICPA has big plans for the 2013 Mega CPE Conference! Imagine even more social, networking and family events; enhanced leadership-development sessions; more specialized CPE topics; and bonus (FREE) CPE, all at a resort venue! Check the FICPA’s website soon for more information about next ADP was a Mega CPE Conference vendor and Gold Sponsor. 10 SEPTEMBER/OCTOBER 2012
year’s conference.
Rogers, Gunter, Vaughn Insurance Inc.; Office Tools Professional; and LTC Global (left to right) were among more than 30 sponsors of the Mega CPE Conference.
FLORIDA CPA TODAY
www.ficpa.org
11
A anning, CP
By Troy M
12 SEPTEMBER/OCTOBER 2012
I
n December 2011, the Government Accountability Office (GAO) issued a revision to Generally Accepted Government Auditing Standards (GAGAS) that supersedes the 2007 revision. These standards are effective for financial audits and attestation engagements for periods ending after Dec. 15, 2012 and for performance audits beginning on or after Dec. 15, 2011. Early implementation is not permitted.
Getting back to basics The fundamental concepts of GAGAS have not changed as they relate to the accountability of management and other officials for use of public resources. The provisions of GAGAS apply when required by provisions of laws, regulations, contracts, grant agreements or policies. For example, the Single Audit Act and OMB Circular A-133 require the audit to be performed in accordance with GAGAS. Performing work in accordance with GAGAS also can be a voluntary. Overall, these standards are for use by government auditors (structurally located within or outside the government entity) as well as auditors in public accounting or other firms. GAGAS incorporates by reference the AICPA Statements on Auditing Standards and establishes additional requirements for performing and reporting on financial audits. This article explains certain major changes in the 2011 revisions of Government Auditing Standards (GAS) relating to the requirements that apply to financial audits.
Revision includes major changes The major changes in the 2011 revisions of GAS that relate to financial audits include, among other things: • Modernization of the standards that include incorporation of the AICPA Clarified Auditing Standards by reference only. ➥ FLORIDA CPA TODAY
www.ficpa.org
13
• Relocation of certain standards to achieve better alignment. For example, the foundation and ethical principles were relocated to Chapters 1 and 2. Also, the guidance and requirements for field work and reporting standards for financial audits were combined into one chapter, Chapter 4. • Application of strict use of footnotes to refer only to other sections of GAGAS and to other auditing standards. Information in previous footnotes either was removed or was relocated into the main text. • Addition of a conceptualframework approach to in-
14 SEPTEMBER/OCTOBER 2012
dependence (see the next section of this article).
Conceptual-framework approach to independence is key element A significant change in the 2011 revision of GAS is the addition of a conceptual-framework approach to independence. It is impossible to overstate the importance of independence in the performance of financial audits, attestation engagements and performance audits under GAGAS. The framework that GAGAS established emphasizes the performance of high-quality audit work that provides objective information essential for accountability and transparency over government programs. When auditors
maintain their independence, their opinions; findings; conclusions; judgments and recommendations are impartial – and reasonable and informed third parties view them as impartial. FCT
To read this article in its entirety, visit www.ficpa.org/Content/Members/ Tools/Publications/FCT/Technical. aspx. Troy Manning, CPA, specializes in governmental and not-for-profit entities as a practitioner, consultant, instructor, speaker and author. Manning teaches throughout the United States for Thomson Reuters. She serves on the FICPA State and Local Government Section and is a member and past chair of the FICPA Editorial Committee.
NEWS
briefs Student “impostulators” to uncover unlicensed activity
The ImPostulators Uncovering Unlicensed Activity
The Ambassador Training Program was held in Tampa in June. Pictured left to right, front row: Scott Price, FICPA Board Chair; Bethany Carr, FICPA Executive Committee member; Mark Burger, FICPA member; and Deborah Curry, FICPA President/CEO. Back row: Doug Day, FICPA member; Dan Hevia, FICPA member; Justin Thames, FICPA governmental affairs manager; Chris Almonte, AICPA program coordinator; and Michael Sigman, program trainer.
FICPA representatives attend Ambassador Training Program Several FICPA members and staff recently participated in the CPA Ambassador Program, a community-based media and public-speaking program. Michael Sigman of ComCore Consulting Group was the program trainer and Chris Almonte was the AICPA program coordinator. The AICPA launched the program in cooperation with state CPA societies, and CPAs present the program throughout the U.S. Participants are trained in four message quadrants: 16 SEPTEMBER/OCTOBER 2012
• Restoring confidence in the CPA profession and American business • Financial literacy • Student recruitment • Partnering with small business for success CPAs also may emphasize the profession’s commitment to battling fraud; improving auditing standards and quality; and shoring up small businesses. “The media training that FICPA representatives
receive from this program is invaluable in helping CPAs communicate the value we offer as a profession,” said FICPA President/CEO Deborah Curry. “Michael Sigman and Chris Almonte are experts in their field, and they’re excellent instructors. We are fortunate that the AICPA has developed this program and we anticipate its continued success.” FICPA representatives look forward to attending the program in 2013. FCT
The FICPA and the Florida Department of Business and Professional Regulation (DBPR) are partnering to sponsor Project Impostulators – Uncovering Unlicensed Activity – a video contest for Florida accounting students. Teams will submit 30-second public service announcements (PSAs) highlighting the importance of using a licensed CPA. Winning videos will be featured as part of the DBPR’s statewide 2013 unlicensed-activity PSA campaign. The first-place video will receive a grand prize of $1,000, and the students’ accounting school will receive a $350 contribution! The secondand third-place videos will be awarded $500 and $250, respectively. The contest kicks off in early September. For more information and contest rules, visit www.ficpa.org or contact communications@ ficpa.org. FCT
From FICPA staff reports
FICPA awards volunteers for superior service Each year, the FICPA recognizes volunteers whose service has made the Institute a stronger and more effective advocate for Florida CPAs. This year, Robert F. Watson was recognized as the 2111-2012 Outstanding FICPA Committee Chair, and his Peer Review Committee was recognized as the Outstanding FICPA Committee of the year. Watson is in his ninth of ten years’ service to the Peer Review Committee. The Committee receives about 500 peer-review reports and related documents each year – all of which undergo in-depth evaluation. The 25 committee members perform oversight reviews
FLORIDA CPA TODAY
while staying current with the program’s technical standards, guidelines and issues. They dedicate many hours to reviewing work papers, resolving technical disputes and recommending follow-up actions.
advice and technical knowhow. Currently, he is serving his second term on the FICPA Board of Governors.
He is an excellent CPA-inindustry role model and an inspiration to other CPAs.
Casey Fletcher, CPA Vice President and CFO, PalletOne
Robert Watson, CPA James Moore & Co., PL
FCT
➡
Casey Fletcher received the Institute’s 2011-2012 Outstanding Business & Industry Award. Fletcher has worked for PalletOne for 29 years and is vice president and CEO of the company. He previously worked for one of the Big Eight accounting firms. Throughout his career, Fletcher has taken an interest in young CPAs, providing them with sound
www.ficpa.org
17
Florida CPAs receive Elijah Watt Sells Award a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination; completed testing during the previous calendar year; and passed all four sections of the exam on their first attempt. More than 90,000 candidates sat for the exam in 2011. Thirty-seven candidates met the criteria. Megan Wise, O’Sullivan Creel Fort Walton Beach
Two Florida CPAs recently received the AICPA’s 2011 Elijah Watt Sells Award. The award was presented to candidates who obtained
The Florida Sells recipients were Kyle Summerlin and Megan Wise. Summerlin is a University of Central Florida graduate with a BSBA in accounting and an MS in accounting. He is an employee of Ernst & Young in Orlando. Wise is a University of West
18 SEPTEMBER/OCTOBER 2012
The AICPA established the Elijah Watt Sells Award program in 1923 to recognize outstanding performance on the Uniform CPA Examination. Elijah Watt Sells, who passed away in 1924, was one of the country’s first CPAs. He was active in the establishment of the AICPA and was a founder of New York University’s School of Commerce, Accounts and Finance. FCT For more information about the Uniform CPA Examination, visit www.aicpa.org/cpa-exam.
AICPA Chairman Gregory J. Anton, CPA, gave a riveting update on the state of the profession during the FICPA Annual Convention in Brewster, Mass. During the Leadership Dinner, attendees honored outgoing FICPA President Stam Stathis and inducted incoming FICPA Board Chair Scott Price. Next year’s Dinner will be held during the 2013 Mega Conference and will be open to all members who wish to attend.
FICPA member receives NIAF award
Florida CPA Today wins Florida CPA Today (FCT) recently received three awards in the Florida Magazine Association’s prestigious Charlie Awards competition. The magazine competed against other publications in the Trade/ Technical category. FCT received a Silver Award (second place) for Best Editorial/Commentary/ Opinion, for David M. Walker’s article entitled “The Supercommittee Failure, and a Way Forward.” It appeared in the January/February 2012 issue. The magazine received another Silver
Florida graduate with a BSBA in accounting. She is employed with O’Sullivan Creel in Fort Walton Beach.
Award, for Best Original Photo, for the picture of FICPA Past President Stam Stathis and the 2011-2012 Executive Committee that appeared on the cover of the July/ August 2011 issue. And FCT received a Charlie Award (first place), for Best Special Theme or Show Issue, for the November/ December 2011 Elder Care issue. The FICPA thanks everyone who contributed to these winning issues! FCT
Dr. Sam McCall, CPA, recently received the National Intergovernmental Audit Forum (NIAF) David M. Walker Excellence in Government Performance and Accountability Award at the local level. McCall is the city auditor for the City of Tallahassee. Every two years, the NIAF presents the award to one person at the federal, state and local government accountability offices. The award recognizes the recipients’ leadership in
Sam McCall, CPA City Auditor, City of Tallahassee improving government performance and accountability; innovative techniques to transform government organizations; and demonstrated adherence to the NIAF core values. FCT
Florida Trend names FICPA memberfirms Best Companies to Work For Florida Trend has named eight FICPA memberfirms among Florida’s Best Companies to Work For. The fourth annual list includes 100 small, medium and large companies throughout the state. To identify Florida’s best employers, Florida Trend partnered with the Best Companies Group, which surveyed firms that participated. Any firm with at least 15 employees in Florida, including firms based outside the state, could participate at no cost.
FLORIDA CPA TODAY
Workplaces were selected based on leadership and planning; corporate culture and communications; role satisfaction; work environment; relationship with supervisor; training and development; pay and benefits; and overall engagement. Here are the winning FICPA member-firms and their rankings. For a complete list of the Florida’s Best Companies to Work For, visit http://tinyurl.com/d8goqll, or see the August 2012 issue of Florida Trend. FCT
Midsized companies (50 to 249 employees) 6) Cross, Fernandez & Riley, LLP 15) Gregory, Sharer & Stuart CPAs 25) Berkowitz Dick Pollack & Brant 34) Warren Averett O’Sullivan Creel 37) Averett Warmus Durkee Osburn Henning, PA Small companies (15 to 49 employees) 12) Ennis, Pellum & Associates CPAs 25) Prida Guida & Co. 29) Markham Norton Mosteller Wright & Co.
www.ficpa.org
19
Capturing the newest stars Do you know someone who deserves a star? The FICPA is looking for 26 Under 36 – the brightest young CPAs who have served our organization, advanced the CPA profession, and worked to better their communities. We will announce and highlight winners in the March/April 2013 issue of Florida CPA Today. Anyone can nominate FICPA members for this honor, and there’s no limit on the number of nominations you can submit (see the nomination form on page 21). The submission deadline is Oct. 31, 2012. Help us capture the newest stars – visit the FICPA’s website at www.ficpa. org/26under36 and nominate a young CPA today! FCT
20 SEPTEMBER/OCTOBER 2012
FICPA 26 Under 36 Nomination Form Florida CPA Today (FCT) is pleased to announce a special section in its March/April 2013 issue: the FICPA 26 Under 36. We’ll spotlight young CPAs who are making significant contributions to the accounting profession, and to their communities. Please complete one form per nominee. Note: Nominee must be FICPA members in good standing who are younger than 36 as of March 1, 2013 to qualify. Nominee’s name:_________________________________________________________________________________ Nominee’s firm:___________________________________________________________________________________ Nominee’s age and birthdate:_______________________________________________________________________ Person nominating:________________________________________________________________________________ Contact information:_______________________________________________________________________________ The FICPA 26 Under 36 will be selected based on nominees’ involvement in these criteria: Professional experience, leadership/entrepreneurism, professional credentials. (600 word limit. Please attach separate sheet if necessary.) ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ FICPA volunteer activities, such as chapter, committee and interest-group involvement; community outreach, such as student programs and financial-literacy events; and media activities, such as speaking, writing or blogging. (600 word limit. Please attach separate sheet if necessary.) ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ Non-FICPA volunteer activities that enhance the accounting profession, such as speaking at conferences, writing articles or holding CPE seminars. (600 word limit. Please attach separate sheet if necessary.) ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ Charitable activities, such as participating with civic groups (the Red Cross, Chamber of Commerce, etc.) that positively impact the community. (600 word limit. Please attach separate sheet if necessary.) ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ Nominations are due by Oct. 31, 2012. Selections will be announced in March 2013. For a quick and easy electronic version of this form, please visit www.ficpa.org/26under36. Questions? Contact Suellen Wilkins, FCT editor, at wilkinss@ficpa.org; (800) 342-3197 (in Florida); or (850) 224-2727, Ext. 383; Fax: (850) 222-8190. FLORIDA CPA TODAY
www.ficpa.org
21
COVER
story
The Virtu Five
Ways
to
Protect
C
omputer systems used in businesses and professional practices often contain client and personal information that is not adequately protected. Users frequently make errors, exposing confidential client information. And individuals with malicious intent continuously attack systems, looking for vulnerabilities and useful information. Our potential for exposing client data is greater now than it was five, 10 or 20 years ago because of technologies we use every day. And that exposure is growing. Our systems are connected to networks and the Internet, using cables, wireless and broadband connections. This creates a major opportunity for access to information stored at our firms, and in public or private clouds. Now that less than 20 percent of smartphone traffic is used for calls, these devices really are mobile computers. We also may store client data on our laptops, tablets and other handheld storage devices that are highly portable and, therefore, highly vulnerable. Unsurprisingly, as any taxi driver or flight attendant would confirm, many of these devices are accidentally left behind. What are some of the risks? Loss of confidential or protected information can trigger breach-reporting actions
22 SEPTEMBER/OCTOBER 2012
Client
Data
to regulatory agencies, as well as considerable expense. If confidential information is disclosed, and your firm or you are the source of that exposure, reputations are damaged. There also is exposure to complaints filed with boards of accountancy, the SEC, the IRS and others. There may be significant financial penalties and defense costs. In severe cases, professional licenses are subject to suspension or revocation. In some jurisdictions, practitioners may have a fiduciary obligation (as defined by statute or rule) to protect client data, and a legal obligation to report security breaches on certain types of data, with substantial penalties for failure to do so. (See the sidebar on page 24.) You can (read: must) take proactive steps to protect your firm and client information and minimize the risk. Fortunately, technology has evolved to the point where you may accomplish this with minimal effort and cost.
al World By Randolph P. Johnston, executive vice president K2 Enterprises Network Management Group Inc.
Protect your network with next-generation firewalls Basic firewall management no longer is rocket science – network technicians don’t have to be involved. You can control firewall filters with simple business rules set through browser interfaces. Examples of excluded traffic include external application requests that are not on your approved application list; streaming audio, such as Pandora; and Facebook games such as FarmVille. In the second quarter of 2011, Farmville was the No. 1 consumer of business Internet bandwidth. These applications can be as benign (but frustrating) as using extra bandwidth with no business benefit. However, they also can represent bona fide threats from unauthorized activities within your firm. The leading firewalls released in the past two years have sophisticated software that inspects and filters two-way Internet traffic. The software prevents unwanted traffic from entering your network and shields unintended transmission of critical data. Leading vendors of products offering these capabilities include Cisco, Juniper, CheckPoint, Fortinet, SonicWall and WatchGuard.
FLORIDA CPA TODAY
Implement full-disk encryption for storage devices and email Encryption is the encoding of data in such a way that it cannot be read without a pass phrase or passkey. Florida’s breach-reporting law is entitled “Breach of security concerning confidential personal information in third-party possession; administrative penalties,” Section 817-5681, Florida Statutes. It eliminates the need for reporting data exposures if the compromised hard drives or other storage, including devices, are encrypted. This makes a compelling business case for encrypting all storage, all the time. (See the sidebar on page 24) Encryption can be done with hardware-based devices. But in most cases, it’s less expensive (and acceptably fast and easy) to use software solutions such as Microsoft BitLocker, PGP or TrueCrypt. Encryption initially takes one to eight hours per device, depending on the size of the hard drive or USB drive. After a drive is encrypted, you must supply the pass phrase during your initial startup. Data encoding or encryption then takes place automatically while you perform your normal tasks. ➡
www.ficpa.org
23
COVER
story
Want to know more? Encryption rarely has an impact on speed, and all common accounting applications have been compatible. In fact, users often report that their systems run faster after encryption. Consider using email encryption. The idea is that any confidential email should be encoded or “locked up,” so only you and the intended recipient can open the message. More and more firms are creating secure portals because they are a superior technology. However, clients frequently ask to receive information by email. If you can’t coach your clients through using your portal, your correspondence should be encrypted.
For more information about state laws regarding protecting client data and reporting security breaches, visit the National Conference of State Legislatures website at www.ncsl.org. Search for State Security Breach Notification Laws, and click on the first entry. Or, visit the Florida Legislature’s website at www.leg.state.fl.us. Search for 817.5681, and click on the first entry. To read the SANS Password Policy in its entirety, visit the company’s website at www.sans.org/security-resources/policies/Password_Policy.pdf.
Examples of email encryption products include RPost, Zixmail, and SecuredAccountant. Email encryption can be used with most popular email systems, including Microsoft Exchange/Outlook, Lotus Notes, Gmail, Hushmail and others.
if you use Microsoft Server, a technology known as Active Directory (AD) controls access. AD has many complex settings for usernames and passwords; access to folders; file management; printers; and many more items. Key items you should ask about include: 1) strong password enforcement and 2) the setting to require personal identification numbers (PINs) or swipe codes on all mobile devices.
Assure that your network security is set up correctly It often is a good idea to retain an outside consultant or project manager. For example,
Passwords should be of sufficient length and strength to comply with current security standards, and should be changed frequently. The SANS (SysAdmin, Audit,
24 SEPTEMBER/OCTOBER 2012
Network, Security) Institute’s Password Policy suggests using 15-character passwords and changing them at least every 90 days (see the sidebar above). Choose a standard that works for your organization, and that you believe is adequate. Mobiledevice users should consider creating PINs or passwords they can enter with one hand. Requiring that all mobile users of tablets and smartphones have a PIN or swipe code provides a minimal level of protection to data on the device. On some smartphones and tablets, data encryption is not activated unless a PIN or swipe code is used.
Another capability that absolutely should be configured in your AD is the ability for your IT team to remotely “wipe” a device if it is lost, stolen or otherwise compromised. Remote wiping after a number of failed attempts to log on is configurable with a default of 10 attempts. Reducing the default number is strongly recommended. Some security experts debate whether remote wiping is strong enough to avoid breachreporting control. Ultimately, though, remote wiping is better than no security at all for mobile devices. Consider hiring an outside firm to provide penetration testing of your network security. Use sandboxing techniques Sandboxing is an isolation technique that applications use to prevent unauthorized access by malware. Applications are run in protected areas that the application provides. Examples of applications that have sandboxing include Adobe Reader X and Internet Explorer 9. Because the threat of malware-infected PDF files is so high, consider installing
FLORIDA CPA TODAY
Adobe Reader X and removing all older versions of Adobe Reader. Sandboxing is so highly considered that Apple has made it mandatory in the forthcoming version of its operating system. Virtual machines also use sandboxing to isolate the running operating system and applications from the base operating system or hypervisor. Consider using virtualization techniques for servers and end-user computers to gain additional protection from malware. Virtualization won’t prevent infection, but it may prevent the spread of an infection to your entire network. Further, recovery can be much quicker for virtualized servers and desktops. Keep antivirus and spam filters updated This line of defense still is required. Apply professional skepticism to products that claim no malware protection is required. That simply is a false marketing claim. Antivirus software should be run on all end-user computers, and multiple antivirus solutions should be considered for servers and firewalls. Tablets and phones need
antivirus protection, too, but products that are available currently are only marginally effective. Development continues for these mobile platforms. What happens if you don’t act on these recommendations? You’ll put your firm and your client’s information at greater risk. You and your firm can be liable for data loss and your licenses may be jeopardized. Your computers will run slower, and may be used without your knowledge to attack other computers. Avoid the technological version of the adage, “penny wise and dollar foolish.” FCT Randy Johnston is a shareholder in K2 Enterprises (www.k2e.com) in Hammond, La. and stockholder in Network Management Group Inc. (www.nmgi.com) in Hutchinson, Kan. He has been a top-rated speaker and consultant in the technology industry for more than 30 years. He was inducted into the Accounting Hall of Fame in 2011and selected as a Top 25 Thought Leader in Accounting in 2011 and 2012. Accounting Today selected him eight times, from 2004-2011, as one of the Top 100 Most Influential People in Accounting. Johnston may be reached at randy@k2e. com, randyj@nmgi.com or (620) 664-6000, Ext. 112.
www.ficpa.org
25
DOR
update
By Barbara O’Donnell, revenue program administrator
Through April 2012, DOR received reports from 946 wholesalers. The reports reflected sales to more than 140,000 distinct retail locations, representing more than $10.3 billion in product. First, DOR compares the data with previously filed sales and use tax returns. The tax return should reflect all the taxpayer’s sales, including items such as soda, candy, dairy and other consumer goods. It is reasonable to expect that the sales reported on the tax return would exceed the retailer’s ABT purchases. This year, the initial comparison revealed locations where retailers reported purchases in excess of the gross sales amounts reported on their returns. DOR used additional data to isolate instances of pooled purchases and reporting errors, and there still were significant differences between purchases and sales-tax return amounts.
DOR Enforcing Sales-tax Payment among Retailers
I
n the September/October 2011 issue of Florida CPA Today, the Florida Department of Revenue (DOR) discussed a new reporting requirement for sellers of alcoholic beverages or tobacco products (ABT) to Florida retailers. The information is intended to help DOR identify retailers who may be underreporting sales and use tax. 26 SEPTEMBER/OCTOBER 2012
As a result of the comparison, DOR has identified leads for enforcement efforts, including compliance campaigns, field audits and criminal investigation. About 200 cases were furnished for compliance campaigns, and 200 were furnished for field audits. Preliminary results show the information obtained from wholesalers is an effective indicator of underreported sales tax. During the first two months of campaign activity, DOR has assessed more than $1,000,000 and has received payments of almost $240,000.
So far, almost half of the taxpayers contacted through compliance campaigns have increased their monthly return filings (sales and tax due) by an average of 67 percent. Even taxpayers who DOR contacted, but who have not yet responded, have increased their monthly filing amount. Field-audit cases are in progress. It is becoming clear that the ABT data will be an important element in determining that probable liabilities exist for particular businesses. DOR repeatedly has experienced situations where ABT sellers’ records are incomplete or non-existent. Because wholesalers are required to provide monthly sales amounts, auditors will have a basis for constructing sales
FLORIDA CPA TODAY
amounts and determining tax due for the audit period. ABT information also is used in the criminal-investigations process, resulting in new referrals or supplementing existing information and cases. Dozens of cases are in progress. Eight cases have been referred for prosecution. Of those, two are pending judicial disposition and six have resulted in adjudication and sentencing. Another nine cases have been resolved through criminal-diversion programs, and all are making payments or have completed restitution. FCT For more information, contact Barbara O’Donnell at (850) 717-7168, or odonnelb@dor.state.fl.us.
www.ficpa.org
27
STAFF
reports
Educational Foundation By Jason Zaborske, FICPA educational foundation development director, and Brittany Butler, event coordinator
Foundation scholarship recipient Robert Allen visits the Tower Bridge in London. After graduating from MSU, he backpacked in the United Kingdom – and studied for the CPA Exam during the trip.
Scholarship recipient shines, vows to give back
S
ince it was established in 1959, the FICPA Educational Foundation has given more than $3 million in scholarships to Florida college and university students. In 2008, Robert Allen of Jacksonville shared with us his great appreciation for his Foundation scholarship. He recently updated us on where life has taken him since. “As I reflect on my experience in college, I’m grateful for your organization’s involvement in my life,” he said. “Words can’t express the way I feel.” Allen first communicated with us when he was attending 28 SEPTEMBER/OCTOBER 2012
Coggin College of Business at the University of North Florida (UNF).
Ghana, where he helped renovate an orphanage.
“After graduating from UNF, I’d like to attend graduate school and become a certified public accountant,” Allen said. “I promise to always strive for excellence, and to do my very best to succeed in life.”
Because of the success he enjoyed during internships at Citi Bank and CSX, Allen decided to attend graduate school. In 2009, he enrolled in Mississippi State University (MSU). He was involved with various organizations, including the MSU MBA Association, of which he became president. He also was selected to participate in the Global Leadership Program at Kyungbook National University in South Korea.
Allen graduated sum cum laude from UNF with a bachelor’s of business administration in accounting and logistics. He completed UNF’s Honors Program and was involved in various campus organizations, including Student Government. While he was at UNF, Allen studied in China, Japan, Brazil, Argentina, India and
In 2011, Allen graduated from MSU with a master’s of business administration, with an emphasis in finance, and a master’s in
information systems. He now is employed as an auditor at PricewaterhouseCoopers. “None of my accomplishments would have been possible without your encouragement and monetary support. I owe a vast amount of my success to you,” Allen said. I will be forever thankful to your organization for all the great work you’ve done in my life, and my motto is to give back to the community.” FCT For more information about the FICPA Educational Foundation, contact Jason Zaborske at (800) 342-3197, Ext. 417, or zaborskej@ficpa. org.
From FICPA staff reports
Student Outreach By Brenda Hubbard, director of academic relations & student initiatives
Students value diversity at Minority Summer Residency Program “When I was first accepted into the FICPA Minority Summer Residency Program, I didn’t know what to expect,” said Rummesa Abrar of Miami Dade College. “I thought, ‘Am I going to learn only about accounting?’ I wasn’t even sure the program was for me, as one of the few students already studying accounting.
This year, the FICPA expanded the MSRP to include high-school seniors and two-year college students looking at obtaining a four-year degree, and considering accounting. At the end of the week, 85 percent of students said they were more interested in exploring an accounting career than when they first arrived.
“But when I arrived at USF, I felt right at home. I was able to share experiences with people from different backgrounds. When you have students from Pakistan, Mexico and Africa sharing a dorm suite, you get a firsthand view of how diverse Florida is becoming. Every CPA we met had a different story. This program was amazing.”
The program, which included classroom sessions and field trips, focused on accounting careers; financial literacy; business and finance; leadership; and the college experience. Tampa students visited Ernst & Young, PricewaterhouseCoopers and the Caspers Company. They enjoyed a special etiquette dinner at the Columbia Restaurant. Students attended educational sessions each day at the USF School of Accountancy, dined in the cafeteria and lived in campus housing. Student teams worked on a business-ethics case study and presented their case solution in competition.
The 14th annual Minority Summer Residency Programs (MSRP) was held June 10-14 at the University of South Florida in Tampa. Thirty-seven students attended the program, which is aimed at minority students who are interested in exploring the accounting profession. More than 80 Florida students applied for the program.
“Honestly, this was one of the best weeks of my life,” said Jennifer ➡
MSRP students from throughout Florida attended classroom sessions on careers, personal finance, accounting, leadership and college life at the USF School of Accountancy.
We especially thank our sponsors, whose donations made the Minority Summer Residency Programs possible. Presenting Sponsor – Ernst & Young, LLP
FICPA Jacksonville Chapter
Becker Professional Review
FICPA Sandspur Chapter
Columbia Restaurant
FICPA South Dade Chapter
Flagler College
FICPA Suncoast Chapter
Florida Institute of CPAs
Publix Super Market Charities Inc.
FICPA Educational Foundation/ 1040K Race
University of South Florida, School of Accountancy
FICPA Central Florida Chapter
FLORIDA CPA TODAY
www.ficpa.org
29
Students learned how accounting is applied in business and career opportunities as they visited the Tampa office of Ernst and Young, LLP; PricewaterhouseCoopers; and the Caspers Company McDonald’s Restaurants.
30 SEPTEMBER/OCTOBER 2012
Caba from Southeast High School in Bradenton. “I loved everything we did, from the speakers to the Zumba, case study and free time. I learned a lot about accounting and how to prepare for college.” “Initiatives such as the FICPA’s MSRP are critical for getting high-ability minority students interested in accounting careers,” said Uday S. Murthy, Ph.D., ACA, interim director of the USF School of Accountancy. “USF and the School of Accountancy are pleased to host this program. It helps students build a foundation for academic and career success while bolstering the future supply of accounting professionals.” CPA guest speakers discussed the diversity of the profession. CPAs in various stages of their careers, and representing many ethnic groups, gave tips on pursuing accounting careers and becoming a CPA. “The FICPA MSRP is truly an experience I’ll never forget!” said Steven Kuzma of Hagerty High
School in Oviedo. “Not only are you exposed to the ins and outs of accounting and what it truly means to be a CPA, you establish lasting friendships and network with the top professionals in the accounting field. This program has solidified my decision to major in accounting and become a CPA.” “Having the opportunity to go to USF, experience campus life and meet real-life CFOs and CPAs has been truly amazing,” said Ana Parra from Palm Bay High School in Melbourne. “Before this program, I didn’t know one thing about the accounting field. Now I’ve changed my mind about what I want to do with my life. The FICPA has helped me decide my future, and has given me opportunities to achieve success. Thank you all so much!” FCT For more information about the MSRP, contact Brenda Hubbard at (800) 342-3197 (in Florida); (850) 224-2727, Ext. 419; or hubbardb@ficpa. org. ➡
We thank our FICPA members who shared their expertise with students at this summer program. Azuree Ashby, Ashby Consulting, LLC Donna Blaes, Crippen, Trice, Ford, Torres, LLP Thomas Daly, CliftonLarsonAllen Mamie Davis, CPA, Esq. Celina Jozsi, University of South Florida Kathleen Masterson, Flagler College Scott Meckley, Hunt Real Estate Service Inc Charles Peterson Jr., Caspers Company Thais D. Rodriguez-Caez, Ernst & Young, LLP Michael Sapp, Girl Scouts of West Central Florida Terry Seaton, Seaton Financial Advisors, LLC Beatriz Viamontes, Tampa General Hospital
New Members
Governmental Affairs FICPA hires director of governmental affairs
The FICPA happily welcomes many new members throughout the year. To see a list of members who have recently joined, visit the FICPA website at www.ficpa.org/ meetnewmembers.
32 SEPTEMBER/OCTOBER 2012
The FICPA recently hired Rivers Buford III as its Director of Governmental Affairs. Buford brings to the FICPA almost 20 years of legislative and regulatory experience. He has served in the positions of policy advisor for the Florida Senate; Senate staff director; legislative affairs director for the Department of State, under eight secretaries of state; and legislative affairs director for the Florida Trucking Association. “The FICPA is pleased and honored to have Rivers join our efforts to represent our members in the areas of advocacy, regulatory policy and issues relating to CPAs,” said FICPA President/CEO Deborah Curry, CGMA. “His vast experience in
governmental affairs and the not-for-profit sector will greatly benefit our organization, as well as our political action committees. As an advocate for CPAs, Rivers will channel his experience to protect the CPA license and monitor policies affecting the profession.” Buford and his wife of 27 years, Jean, have one daughter, Kathryn Elizabeth, and a cairn terrier, Connor. In the coming months, FICPA Governmental Affairs Manager Justin Thames will handle FICPA lobbying and political action committee (PAC) activities. The FICPA, partnering with and the Florida Association of Professional Lobbyists and the Florida Chamber of
Rivers Buford III Commerce, is conducting candidate interviews throughout the state for the Nov. 6 General Election. These group interviews help PACs from various organizations determine which candidates they will support in the upcoming election. Selecting business-minded candidates is another way Florida PACs are working for CPAs. FCT
FLORIDA CPA TODAY
www.ficpa.org
33
MARKET
place
Positions available The Brunton McCarthy CPA firm, a Boca Raton CPA firm focusing on the exciting & fast-growing area of international tax, seeks a tax accountant. The work involves tax preparation, consultation & planning for domestic & foreign clients. Master’s degree, bachelor’s degree, or near completion w/an emphasis on accounting/tax is preferred. The ideal candidate will have recently passed all four sections of the CPA exam. Must be proficient in Excel & Word. Benefits include health insurance & retirement contributions. Please email resume to rb@taxintl.com.
Established local CPA firm seeks CPA w/3-6 yrs exp in public accounting. Corporate, individual, partnership, estate & trust returns, accounting & F/S exp required. Competitive salary & benefits w/paid overtime available in a friendly environment. Please email resume to frank@webbcpa.com. Controller – The Catholic Diocese of Venice in Fla. is seeking a controller. This new position reports directly to the director of finance & is responsible for supervising day-to-day Diocesan Catholic Center accounting & staff, including: designing & analyzing financial reports; serving as system administrator for financial-accounting programs; coordinating the annual external financialstatement audit & managing internalcontrol environment compliance; & overseeing donor-restricted gifts archive. The successful candidate must be a practicing Catholic w/a degree in accounting or finance, a CPA license preferred & a min of 5-10 yrs of exp in public accounting w/a specialty in nonprofit auditing & tax; strong financial database exp along w/excellent organizational & communications skills. Supervisory exp is required. 34 SEPTEMBER/OCTOBER 2012
Qualified candidates are invited to email a cover letter outlining major career accomplishments; salary requirements; & the name of their parish w/an attached resume to humanresources@ dioceseofvenice.org.
Office space Beautiful professional ofcs to share in Fort Lauderdale. Fully furnished. Internet access, phones, copier, fax machine & additional services available. Conference room. Parking. Full kitchen. Kane & Company, PA. (954) 767-0440. South Tampa CPA firm seeks practitioner to lease ofc space. Bundle of services negotiable. Potential for future practice association. Call (813) 839-5593 for details. Wunderlin & Corcoran, PA. Established Pinellas County law ofc seeks CPA to share space on U.S. Hwy 19 (Countryside area). Beautiful ofc space w/2 conference rooms; furnished or unfurnished; Internet access, fax & copier; ample parking; plus more services available. Email inquiries to wrambaum@ rambaumlaw.com at William Rambaum, PA.
Miami sole practitioner w/quality practice seeks CPA w/growing practice for affiliation. Email responses to reply@ ficpa.org and reference C PW 09 10 12. CPA looks to purchase tax through review practice in Fla. Revenue $150,000 to $500,000. Reply to info@joegormleycpa. com. Wish to purchase quality, transferrable CPA tax/accounting practice $250-350K in Northern Pinellas, South Pasco, Tampa or St. Pete. Will also consider association leading to partnership in $375-550K practice. Reply to schwcpa@verizon.net. Pompano Beach two-partner CPA firm looking for a practitioner w/$50-100K in revenue to join us w/eye toward future affiliation & partnership. Auditing exp a plus. Email inquiries to bfink@mfwcpa. net. Two-partner Tampa firm is looking for CPA w/heavy tax background to replace retiring partner. The firm’s A&A practice is peer reviewed. Please contact Glenn@ nakamuracpa.com.
For sale
Coral Springs CPA firm seeks sole practitioner. Share ofc space-exec ofc. Per diem available. Call (954) 757-0300.
Practices wanted for purchase or merger Growing South Fla. CPA firm looking to purchase a practice from a retirementminded CPA in Dade County. Favorable purchase terms offered w/continuing employment opportunities available. Please contact Jeffrey Taraboulos at info@ksdt-cpa.com or (305) 670-3370.
Successful transitions require experienced, confidential, professional services you can trust. This is what Akins Professional Brokerage provides. Specializing exclusively in the brokerage of CPA firms, we have no upfront fees. List your firm w/a professional. Call David Akins, CPA, at (877) 2770272. Visit our website at www. ProfessionalCPAbroker.com.
For complete classified policies, visit www.ficpa.org/Content/CPAResources/ ClassifiedsJobs/Classifieds.aspx.
others! Contact Leon Faris, CPA (800) 729-9031 or Erwin Rosenblatt (772) 692-8746 at Professional Accounting Sales. Visit our booth at the FICPA Accounting Show in Fort Lauderdale and our website at www.cpasales.com. Buy-Sell-Merge-Finance your practice w/U.S.A.’s No. 1 Accounting Brokerage Firm. Selling practices in Florida for 29 yrs. Practices available include: Jacksonville $850,000; Tampa-Bradenton $340,000; Orlando area $1,600,000; St. Pete grossing $135,000+; North Orlando $250,000; GainesvilleOcala area $800,000; Fort Lauderdale $300,000; Fort Walton Beach $375,000. Many
FLORIDA CPA TODAY
Pinellas County, Fla. CPA practice for sale by retirement-minded owner. Annual gross range $500,000 to $600,000. Owner will finance part of purchase. Provide professional & financial qualifications confidentially. Email responses to reply@ ficpa.org and reference B FS 09 10 12. Truforte Business Group – Fla.-based brokers specializing in the confidential buying & selling of CPA & tax practices in SW & SE Fla. Our former Big 4 CPA director understands all aspects
of your practice. Michael Mauer, CPA at (239) 284-1317, Ext. 105.
Miscellaneous Life insurance couldn’t be any cheaper for your clients! In 15 yrs, all premiums are refunded. Guaranteed. Or have your clients buy millions and never pay a premium if their assets qualify for premium financing. For details, call Boca Raton professional Morris D. Loskove, MBA, CLU at (561) 235-3035. Experienced relocating CPA w/Fla. license seeks position of tax manager in quality CPA firm or in private industry in Tampa, St. Pete, Northern Pinellas County, or South Pasco County. Please reply to questionmark27@verizon.net.
www.ficpa.org
35
ON THE
move Transitions
Geoff Adams
Marc Fiegelson
Enterprise, Ala.: Carr, Riggs & Ingram, LLC announces the creation of a licensed broker/dealer which will operate under the name Carr, Riggs & Ingram (CRI) Transaction Advisors, LLC. Gainesville: James Moore & Co., PL is pleased to announce that Stacy Joyner has been promoted to manager; Katharine Lavenhagen to senior accountant; and John VanDuzer to manager.
Tallahassee: James Moore & Co., PL is pleased to announce that John Arnold has been promoted to senior accountant; Brittany Bowman to associate accountant; Kaylee Butler to senior accountant; and Trish Eldridge to manager. Winter Haven: Adamson + Co., PA announces that Thomas E. Bazley has joined the firm as a manager in the tax department.
Miami: Kabat, Schertzer, De La Torre, Taraboulous & Co. announces the promotion of Jeffrey Taraboulous to managing partner.
Stephen Ng
Jeffrey Taraboulous
Mary Toledo 36 SEPTEMBER/OCTOBER 2012
Miami: Kaufman, Rossin & Co. announces that it has promoted Geoff Adams and Marc Feigelson to principals. Also, Mary Toledo has been promoted to manager and Stephen Ng has joined the firm as senior tax manager. Orlando: GellerRagans announces the promotion of Kristin A. Bivona to audit partner and Brian S. Gottschalk to director of tax for the firm.
Shawn Williams
Who’s News Vince Boyle of Morgan, Jacoby, Thurn, Boyle & Associates in Vero Beach was honored with the 2012 Pinnacle by the Indian River Community Foundation for excellence in promoting charitable giving through estate and gift planning.
Patricia Entsminger of Kerkering, Barberio & Co. in Sarasota has been awarded the Certified Fraud Examiner (CFE) credential. Keith Gardere of Moore, Ellrich & Neal, PA in Palm Beach Gardens has successfully completed the requirements to achieve the status of certified public accountant. Kerkering, Barberio & Co. in Sarasota announces that its Young Professionals, in conjunction with the Leading Edge Alliance, participated in the second annual Global Volunteer Week. Kerkering Barberio’s Young Professionals collected more than 500 school items and more than $700 in cash for Gocio Elementary School. Jodi Kippe of Crowe Horwath, LLP in Fort Lauderdale received the Spirit of Leadership Award from the Women’s Automotive Association. This award honors women who have shown outstanding leadership abilities in the automotive industry and in the community.
For more news about members and other Florida CPAs, visit CPAs in the Spotlight at www.ficpa.org/Content/News/Spotlight.aspx. The space for Who’s News, Transitions and other announcements published on this page is limited to news focusing on promotions and new hires for FICPA members; speeches by members at professional conferences; and other firm news, such as recognition of business achievements. We do not publish FICPA committee appointments as a part of this feature because of space limitations. Submissions for On the Move can be emailed to communications@ficpa.org.
Cindy Kushner of Crowe Horwath, LLP in Fort Lauderdale received the 2011 Circle of Excellence Award as “Woman Entrepreneur,” presented by the Greater Fort Lauderdale Chamber of Commerce’s Women’s Council. She also received the Key Partner’s Award from the South Florida Business Journal. Brenda Lynch of Strang, Olsen & Lynch CPAs, PA in Punta Gorda has been elected treasurer of the Board of Directors for the Punta Gorda Chamber of Commerce for 2012-13. Markham Norton Mosteller Wright & Company, PA in Fort Myers recently raffled an Apple iPad 3 and donated 100 percent of the proceeds to support United Way of Lee, Hendry and Glades counties. The firm also hosted the Gulfshore
Business 40 Under 40 Alumni Reunion at The Strada Residences Rooftop at Mercato in North Naples. Rudy A. Mayoz of Gaumann, Raymondo & Company, PA in Tampa has been selected as one of 36 CPAs younger than 36 to participate in the AICPA’s fourth annual Leadership Academy in Durham, N.C. Edward A. Wacks of Ameriprise Financial Services Inc. in Plantation recently was appointed to the Board of Directors of the Fort Lauderdale Chapter of the Financial Planning Association. Shawn M. Williams of Chouinard & Williams CPAs, LLC in Fort Myers has been appointed to serve on the Twentieth Judicial Circuit Grievance Committee with The Florida Bar.
FICPA OFFICIAL NOTICE In compliance with Article XI, Section 6 of the FICPA Bylaws, be it known that a regular meeting of the Board of Governors of the Florida Institute of Certified Public Accountants will be held Thursday, September 20, 2012, at 10:00 a.m. at the Greater Ft. Lauderdale/Broward County Convention Center, Ft. Lauderdale, FL. FLORIDA CPA TODAY
www.ficpa.org
37
F I C PA
staff profile
Meet Donna Son From FICPA communications staff reports
2011, she became executive vice president of operations/ CFO. She oversees the FICPA finance/accounting and technology departments, human resources and building administration. “The members genuinely appreciate our efforts,” she said. “That motivates me to do better and be better, because they’re counting on us.” Donna Son
FICPA Chief Financial Officer Donna Son is responsible for all financial matters of the FICPA, its 27 chapters, and its affiliate organizations – five political action committees and the FICPA Educational Foundation. Donna serves as staff liaison to the Audit Committee; the Committee on Finance and Office Advisory; and the Investment Policy Committee. She also works closely with the Board of Governors and Executive Committee. “I feel so fortunate to have advanced at the FICPA. The challenges engage and energize me, and are among the reasons I’ve been with the Institute for more than 24 years,” Donna said. “I enjoy thinking of ways to improve our services and streamline operations, and working with a variety of FICPA staff. Since joining the Institute as accounting supervisor in June 1988, Donna has held several positions in the finance/accounting area. In 38 SEPTEMBER/OCTOBER 2012
Donna achieved her Institute of Organizational Management certification at the University of Georgia in 2002. She is an active member of the Florida Society of Association Executives (FSAE) and the American Society of Association Executives (ASAE). She served on the FSAE Foundation Board for four years. Currently, she serves on the Foundation’s Finance and Audit Committee, and on the FSAE Finance Committee. She also was appointed recently to the FSAE Nominations Committee. Donna has one son, Dalton, who is 17 and is a rising senior at Lincoln High School in Tallahassee. He’s involved with numerous clubs, including the National Honor Society, and is a three-year player on the Lincoln Varsity Soccer Team. He also plays competitive travel soccer for Tallahassee United Futbol Club. Donna is president of the Lincoln Soccer Boosters and treasurer of the Tallahassee United Futbol Club, which has more than 200 young members and a budget of more than $250,000.
“Through my volunteer work, I hope to teach Dalton the importance of volunteerism,” Donna said. “He’s done community-service work through the Key Club, and he’s also volunteered as a soccer coach for young players, and special-needs children. He wants to study architecture and we’ve been visiting colleges,” she said. “My husband and I are thinking of buying a beach house to give us a focus and help offset empty-nest syndrome!”
Off the clock • I was born in Kansas City, Kan. and earned bachelor’s degrees in accounting and in finance from Florida State University. My goal has always been to become a CPA. I admire the profession and the designation. The Florida Board of Accountancy has approved me to sit for the CPA exam, and I hope to do that soon. • I tried to hire one of my husband’s previous employees and called him for a reference – that’s how we met. He’s a CPA and owns a small firm, Beidel & Company, PA, in Tallahassee. We celebrated our 10-year wedding anniversary in February. • We try to take a family vacation every year. We enjoy traveling to Mexico and have explored the cities of Puerto Vallarte,
Cabo San Lucas and Cancun. The country is beautiful and relaxing – and far enough away from everything. We’ve also taken several cruises, and we enjoy the Hamptons and New York. • We have two dogs – a miniature dachshund, Hank, and a Labrador retriever-boxer mix, Dixie. We enjoy walking them in the park – it gives us a chance to talk and reconnect.
“The members genuinely appreciate our efforts,” she said. “That motivates me to do better and be better, because they’re counting on us.”
• My husband and I enjoy walking and riding mountain bikes, and I also enjoy reading. I recently read The Hunger Games Trilogy by Suzanne Collins and Gone Girl by Gillian Flynn. FCT
FLORIDA CPA TODAY
www.ficpa.org
39
F L O R I D A
Florida Institute of Certified Public Accountants P.O. Box 5437 Tallahassee, FL 32314-5437