Interim Report 4q 2013

IR

North Carolina Association of CPAs

INTERIM REPORT

CPA Day of Service photo contest winner: Martin Starnes & Associates, CPAs, PA

WOMEN TO WATCH AWARD WINNERS PAG E 2 8

2ND ANNUAL CPA DAY OF SERVICE PAG E 3 0

4 TH E D I T I O N 2 0 1 3

2 I N T E R I M R E PO R T | 2013 Edition 4

Contents IN EVERY ISSUE 6

From the Top

8

The CEO’s Perspective

10

On Your Side

12

News & Happenings

14

CPE Connections

16

Welcome New Members

44

Classified Ads

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A Special Thank You to Our PAC and NC CPA Foundation Contributors

25

Accounting Scholarships

25

2014 Annual Award Nominations

26

Max Mukelabai Scholarship

26

CPE Transcript Updates

I N T E R I M R E PO R T | 2013 Edition 4 3

Features

2 ND ANNUAL CPA DAY OF SERVICE In its sophomore year, this once small grassroots eort blossomed into a volunteer initiative that grabbed the profession by storm, and the aected communities by the heartstrings! A single day devoted to giving back had a major impact on the state of North Carolina, as well as those who rolled up their sleeves to participate. We are so excited to share the photos, tweets, likes, posts, and powerful results generated by the 2013 CPA Day of Service.

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4 I N T E R I M R E PO R T | 2013 Edition 4

IR

Interim Report North Carolina Association of CPAs

NORTH CAROLINA ASSOCIATION OF CPAs 3100 Gateway Centre Boulevard Morrisville, NC 27560 P (800) 722-2836 F (919) 378-2000 WWW.NCACPA.ORG NCACPA promotes the competence, integrity, civic responsibility, and success of North Carolina CPAs.

NCACPA OFFICERS Chair Benjamin Hamrick Chair-Elect Cynthia Brown Treasurer Donna Taylor Secretary James Ahler

NCACPA BOARD OF DIRECTORS

WOMEN TO WATCH AWARDS Join us all in congratulating the women who wowed us in 2013! We partnered up with the American Institute of Certified Public Accountants (AICPA), and its Women’s Initiatives Committee, to recognize the top talent in emerging and proven leadership among North Carolina’s most talented women in the profession—the Women to Watch in 2013.

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Terms Expiring 2014 Victoria Martin Shon Norris Thomas Ponsonby Linda Poulson Wendy Ruggiero Terms Expiring 2015 Andrea Woodell Eason Kate Hinson Henry Paula Marci Thomas Sammy Williams Terms Expiring 2016 Cal Christian Rollin Groseclose Jared Plummer Austin Wachter Arthur Winstead

STAFF Director of Communications Lorrie Leonhardt • lleonhardt@ncacpa.org, Ext. 159 Designer Caitlin Montgomery McLeod • cmcleod@ncacpa.org, Ext. 161 Marketing Strategist Hannah McCain • hmccain@ncacpa.org, Ext. 134 Content & PR Specialist Alison Mendys • amendys@ncacpa.org, Ext. 160

REPRINTS Articles may be reproduced with permission. Please send reprint requests to editor@ncacpa.org.

BACK ISSUES Back issues may be available. Email editor@ncacpa.org to check for availability.

ADVERTISING Hoping to reach over 14,000 of your peers? Advertise in Interim Report and reach North Carolina’s largest financial community! Contact editor@ncacpa.org for details.

Statements and opinions expressed are those of the authors and not necessarily those of staff, officers, board members, or members.

I N T E R I M R E PO R T | 2013 Edition 4 5

From the Top

CONNECT

A message from Ben Hamrick, 2013–14 NCACPA Chairman of the Board of Directors

GREETINGS AND BEST WISHES!

NCACPA

On behalf of your board of directors

Your association is also moving in

and the staff of the association,

the right direction to seize future

I want to wish every member of

opportunities and better serve

NCACPA a warm and wonderful

members. I am excited about

holiday season! We have so much to

our upcoming board of directors

be grateful for, and so much to look

meeting in January. During that

forward to!

meeting, our board will have the opportunity to set the association

PERSONAL THANKS I want to extend my personal thanks

IMPACT

to everyone who stood beside me and prayed for me while I was recuperating from my accident last spring. I recently had a setback that

on new and exciting courses of action. This meeting will focus on initiatives arising from the substantive strategic-planning project that began last spring. Stay tuned for more exciting news!

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required additional surgery, but I am home and on the mend. Your

APPRECIATION

prayers and words of support mean

As we near the end of calendar

more to me than I can describe.

year 2013, it is appropriate for me,

They kept my spirits up and enabled

on behalf of your Association and

me to persevere and recover from

its Board, to express our sincere

those injuries. You all are remark-

appreciation for your support and

able people and I feel fortunate to

loyalty. Your membership and

have so many folks on my side.

participation makes us stronger.

We listen to your suggestions to

THE FUTURE I am extremely optimistic about our future—both as a profession and an association. I continue to believe our profession will prosper in the coming months and years.

ascertain how to better serve you.

I also want to thank our wonderful staff in Raleigh. These professionals definitely have the members at heart as they strive to provide the best membership experience possible.

As business complexity expands, CPAs are well positioned to help our

HAPPY NEW YEAR!

employers and clients understand

I sincerely hope and pray that every-

how to interpret change and seize

one has a terrific holiday season and

opportunities. Demand for our

a prosperous new year! Thank you

talents and expertise will increase!

all for having the privilege of being your Chair for 2013–14.

6 I N T E R I M R E PO R T | 2013 Edition 4

Now av ailable through e-reade rs on App le and Android devices

I N T E R I M R E PO R T | 2013 Edition 4 7

The CEO’s Perspective A message from Jim Ahler, NCACPA CEO

The following represents issues and topics currently affecting the accounting profession. Members with questions are encouraged to contact Jim Ahler, CEO, for further information.

Service is the theme for this edition of Interim Report and an appropriate

one. The public accounting profession is well known for being a very

CONNECT

generous profession. As the old saying goes, “To whom much is given, much is expected.” CPAs in every community can be seen providing volunteer service and financial support to charitable and philanthropic causes.

The CPA profession has much to be grateful for and gives generously.

IMPACT

You can find CPAs serving as volunteer treasurers and holding other leadership positions in many nonprofit organizations, making it an honor to serve such a noble profession. Your association endeavors to highlight and celebrate public service, and issues the Public Service Award annually,

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to a deserving peer-nominated member. Please take the time to nominate a CPA who is involved in public and community service. The nominating form can be found here.

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CPAs are community leaders who give back through volunteer service in many ways. Two years ago, your association began its CPA Day of Service.

It was conceived to acknowledge the many facets of public service in which CPAs are involved. The CPA Day of Service recognizes and coordinates a higher level of giving back. The association, its chapters, and its committees offered many community service opportunities statewide on this special day.

Once again, over 2,200 members and firms responded!

Last, but certainly not least, CPAs provide a great service by contributing to the NC CPA Foundation. Your support allows the Foundation to serve the profession and deserving students by awarding scholarships to aid students’ quest to become a CPA. Please accept our thanks for your service around this state. There is much to do, but everything you are involved in helps someone or some deserving organization in our wonderful community.

8 I N T E R I M R E PO R T | 2013 Edition 4

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New! AICPA Members

On Your Side NCACPA represents its membership in the media with governmental entities and in the marketplace. The following are some of the ways the association is representing CPAs.

T H E F O L L O W I N G A RT I C L E D E A L S W I T H T H E A S S O C I AT I O N ’ S R E P R E S E N TAT I O N O F M E M B E R S A N D T H E P U B L I C AC C O U N T I N G P RO F E S S I O N. I T I S I N T E N D E D T O R A I S E AWA R E N E S S O F T H E A S S O C I AT I O N ’ S AC T I V I T I E S O N B E H A L F O F T H E M E M B E R S H I P I N T H I S I M P O RTA N T A R E A . M E M B E R S I N N E E D O F MO R E I N FO R M AT I O N A R E E N C O U R AG E D TO C O N TAC T J I M A H L E R AT ( 9 1 9 ) 4 6 9 - 1 0 4 0.

10 I N T E R I M R E PO R T | 2013 Edition 4

The holidays are just around the corner, and so is the start of the tax season. With filing being officially delayed for approximately two weeks in 2014 per the Internal Revenue Service (IRS), as well as by the NC Department of Revenue (NCDOR), we thought it would be important to advise our members of the myriad of tax resources available to them for the 2014 filing season.

EXERCISE CAUTION Please raise your clients’ awareness of significant changes impacting taxes

2 0 14 TA X S E A S O N TO O L K I T Summary of 2013 NC Tax Law Changes

New Form NC-4 or NC-4 EZ Required

The 2013 legislative session brought many changes to the Revenue laws, and the NCDOR. A brief summary of the tax law changes made by the General Assemblies was recently added by the NCDOR as an online resource. This comprehensive document outlines all law changes, regardless of whether or not they take effect in 2013, or at another point in time. This informative document can be located here.

We encourage our members to become familiar with the new form, so they can ensure that their clients will be compliant in 2014. Learn more about the new requirements, and obtain copies of the new NC-4 and NC-4 EZ forms here.

this coming season. Some of them may be in for surprises, such as unexpected tax

increases.

Taxpayers

continue

to be concerned about implications of the 2013 Tax Reform Act signed

by Governor McCrory. They are also uncertain of the effects that Congress’ Affordable Care Act will have, not to mention the impact of the Supreme Court’s decision to extend the Defense of Marriage Act for NC’s same-sex married couples. Another surprise for many employers is the requirement to collect a new NC-4 or NC-4EZ for every employee before payroll processing begins in January 2014. It is also important to know that the NCDOR

Updated DOMA Issues List for Your Tax Practitioner Members The updated DOMA Client Tax Issues List, updated recently by AICPA, will provide assistance to clients affected by the Defense of Marriage Act (DOMA) ruling, by addressing issues such as filing and amending tax returns, filing protective tax refund claims, and estate tax planning criteria. This and other resources including the AICPA DOMA Ruling Individual Tax Impact and the DOMA Ruling Estate and Gift Tax Impact can provide additional clarity on updated DOMA issues.

will not be activating its new TIMSS computer system, so electronic filing of corporate returns will be delayed another year.

RESOURCES Your association is striving to ensure that we provide members with the most up-to-date tax information as possible.

Please see the adjacent ‘toolkit’ to help you enjoy your holiday season more by worrying less about the unknowns in the upcoming filing season.

NCDOR’s Directive Re: Same-Sex Marriage and Filing Status The NCDOR has issued a directive concerning same-sex couples filing state tax returns. Because North Carolina does not legally recognize same-sex marriage (NC Gen. Stat. § 51-1.2), the NCDOR cannot follow the new federal definitions, which are covered under Rev. Rul. 201317. Members are encouraged to access the directive set forth by the NCDOR. The document can be found here.

Busy Season Preparation Resources If you are hoping to avoid another tax season like the one experienced in 2013, see highlights for several preparation focus areas, per the AICPA’s Jim Metzler.

This resource helps you to prepare for the busy season with less stress by covering tax and deductions, tax planning for same-sex couples, and FRF for SMEs.

Tax Checklists The Interactive Tax Checklists, provided

by AICPA to its Tax Section members for free, is a downloadable tool which helps simplify tax planning. The online Interactive Checklists version is available for purchase by AICPA members.

2014 Tax Filing Delays On October 22, 2013, the Internal Revenue Service (IRS) announced that the 2014 tax filing season will get a later start than usual, as a result of the government shutdown. For more information on these delays, see the full article.

For member resources available and updated year-round, visit NCACPA's Tax Center.

I N T E R I M R E PO R T | 2013 Edition 4 11

News & Happenings Each category in this section is broken down into four regions: Eastern North Carolina (Albemarle/Outer Banks, Cape Fear, and Coastal Plains Chapters); Central North Carolina (Piedmont, Sandhills, and Triangle Chapters); Western North Carolina (Catawba Valley, Charlotte, Foothills, Northwest Piedmont, and Western Carolina Chapters), and Out of State.

November 14, at Catawba Country

various chapters around the state.

Club in Asheville. Member recipients

The following regions hosted

CENTRAL NORTH CAROLINA

included: Erica Brown, CPA, senior

presentations in their respective

Amy Hilliard, CPA, was named

audit manager at Martin Starnes &

communities:

director at Dixon Hughes Goodman,

Associates; Amber McGhinnis, CPA,

LLP, after spending 13 years with

audit manager at Martin Starnes &

SANDHILLS CHAPTER

the firm, and being actively involved

Associates; andStacee Rash, CPA,

On November 8, the following

with the Employee Benefit Plan

tax manager at Martin Starnes &

Sandhills Chapter Board members

practice.

Associates.

hosted a presentation at the Boys

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PROMOTIONS & NEW POSITIONS

and Girls Club, in Fayetteville: Dale

WESTERN NORTH CAROLINA

Walter C. Davenport, CPA, of

Knowles, CPA, of Utley & Knowles,

George Noonan, CPA, of Elliot

Raleigh, NC, was appointed Vice

CPAs, PA; David Maryanski, of Buie

Davis, LLC, was admitted as a

Chair of the National Association

Norman & Company, PA; and James

shareholder in conjunction with the

of State Boards of Accountancy

Matthis, CPA, of BlackBelt Capital,

company’s expansion of the Banking

(NASBA).

Inc.

Deborah D. Lambert, CPA,

TRIANGLE CHAPTER

EASTERN NORTH CAROLINA

CPCU, CGMA, Managing Partner,

On November 15, the following

Will Sneed, CPA, was named

Johnson Lambert, LLP, received the

Triangle Chapter members hosted

director at Dixon Hughes Goodman,

“Sustained Contribution Award,”

a presentation at Durham Nativity

LLP. He has over 28 years of

from the AICPA, during the fall

School: Lisa Lu-Burris, CPA, of the

investment experience and leads

meeting of AICPA Council.

Institute of Defense and Business;

Dixon Hughes Goodman’s Eastern

Christine Dodson, CPA, CGMA, NC

practice.

Victoria A. Martin, CPA, Managing

Conference of the United Methodist

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and Financial Services practice.

Partner of Martin Starnes &

Church; Rob Hughes, CPA, Viamet

Associates CPAs, PA, was awarded

Pharmaceuticals; Lizzy Kramer,

the Accounting Today “Managing

Student at UNC Greensboro; and

Partner Elite for 2013”.

Jim McCoy, CPA.

Cherry Bekaert, LLP, was

Beth A. Wood, CPA, State Auditor in

On December 13, Triangle Chapter

recognized as one of NC’s best places

North Carolina, was named among

member Lisa Lu-Burris, CPA,

to work in the Triangle.

2013’s Most Powerful Women in

hosted a Fetch! presentation at

Accounting by the CPA Practice

Longview School, in Raleigh.

AWARDS, APPOINTMENTS & DESIGNATIONS CENTRAL NORTH CAROLINA

Martin Starnes & Associates CPAs,

Advisor.

North Carolina Agriculture &

PA, was recognized as one of NC’s

WESTERN NORTH CAROLINA

Technical State University’s Private

J.A. Lesemann Jr., CPA, member

Industry Workshop received support

PricewaterhouseCoopers, LLP, was

of the CPA firm Lesemann and

in the form of speakers, from

recognized as one of NC’s best places

Associates, PLLC, was elected

several Minority Action Committee

to work in the Triangle.

to the Lake Norman Chamber of

members including: Cynthia

Commerce Board of Directors.

Carter, CPA, North Carolina

best places to work in the Northwest.

Central University, Administration

Several NCACPA members were recognized in the Top 10 Under 40 award, presented by Martin Starnes & Associates, CPAs, PA, the city of Hickory, and The Hickory Young Professionals at a reception on

12 I N T E R I M R E PO R T | 2013 Edition 4

SPEAKING/WRITING/COMMUNITY EVENTS Fetch! presentations are part of NCACPA’s Financial Literacy initiative, and are hosted by

& Finance; Shekia Harper, CPA, Williams Overman Pierce, LLP; LaVonne Montague, CPA, American Institute of Certified Public Accountants (AICPA); Shawana

H. Karkouki, CPA, Thomas & Gibbs

IN MEMORY...

CPAs, PLLC.

WESTERN NORTH CAROLINA Terry Lynn Howell-Beck (1960–2013)

CENTRAL NORTH CAROLINA

of Asheville, NC, passed away

Claude M. Bogues, CPA, CFF, of

Frank Davis Nelson (1919–2013)

on Tuesday, October 29, 2013, at

Claude M. Bogues, CPA, PLLC,

of Durham, passed away Monday,

her residence. Terry was a former

participated in an Accounting Career

September 2, at the Hock Family

NCACPA Young CPA Cabinet

Panel at Fayetteville State University

Pavilion. Nelson served his community

Member, was a partner at Howell

on Nov. 21, and at the North Carolina

as Chairman of the Board of Deacons

and Sullivan, PLLC, in Asheville.

Central University School of Business

and the Finance Committee, at

Terry was a NCACPA member from

on September 30, 2013.

Braggtown Baptist Church. He was a

2002–2011.

member of NCACPA for 60 years.

Linda Poulson, CPA, Associate Professor-Accounting at Elon

Cecil “Chuck” C. Wooten (1922–2013)

University’s Martha and Spensor Love

of Raleigh, passed away on November

School of Business, volunteered as

22, at the William M. Dunlap Center

a speaker at North Carolina Central

for Caring. As an active member of

University on September 18, 2013.

his community, Wooten served on the Board of Directors of Wake Memorial Hospital, and participated in several other organizations. He was an NCACPA member for 63 years.

I N T E R I M R E PO R T | 2013 Edition 4 13

CPE Connections Introducing On Demand CPE!

HOW TO RUN AN EFFECTIVE MEETING If you are scrambling to round out your year-end

Holly Basso | OD28N | 1 CPE hour

requirements for CPE, look no further than NCACPA’s latest lineup of On Demand CPE offerings! With On

MANAGING REMOTE EMPLOYEES

Demand, you can complete your course whenever and

Holly Basso | OD29N | 1 CPE hour

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IMPACT

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wherever you please! This user-friendly and convenient platform will provide a sigh of relief by delivering a

TEAM MOTIVATION STRATEGIES THAT WORK

method for obtaining your remaining CPE credits. To

Holly Basso | OD25N | 4 CPE hours

maximize the value of your experience, we have created a tutorial video which will guide you through each

THE FOUR FACTORS OF EFFECTIVE LEADERSHIP

simple step of the process.

David Rendall | OD33N | 2 CPE hours

Our variety of On Demand options can be found below:

THE INNOVATIVE ORGANIZATION—CREATING A CULTURE THAT FOSTERS CREATIVITY, CAPABILITY & CHANGE

ACCOUNTING

ACCOUNTING DIGEST

IDENTITY THEFT Caroline Farmer | OD14N | 1 CPE hour

David Rendall | OD35N | 2 CPE hours

COMMUNICATIONS

PUH-LEASE—EXPLORING FASB’S NEWEST LEASE STANDARD

COMMUNICATION SKILLS—GETTING YOUR MESSAGE ACROSS WHEN THEY CAN’T SEE YOU

Jonathan Kraftchick | OD22N | 1.50 CPE hours

Denise Ryan | ODØ1N | 1 CPE hour

REVENEW—AN INTIMATE LOOK AT THE NEWEST REVENUE STANDARD

COMMUNICATION SKILLS—MASTERING FACE-TO-FACE COMMUNICATION

Jonathan Kraftchick | OD1ØN | 1.50 CPE hours

Denise Ryan | ODØ2N | 1 CPE hour

THE NEW CRIME PARADIGM

PRESENTATION SKILLS—HOW TO SAY IT

Christopher Swecker | OD3ØN | 1.50 CPE hours

Denise Ryan | ODØ3N | 1 CPE hour

THE STATE OF THE ART OF FRAUD

PRESENTATION SKILLS—WHAT TO SAY

Glenn Helms | OD24N | 1.50 CPE hours

Denise Ryan | ODØ4N | 1 CPE hour

BUSINESS MANAGEMENT & ORGANIZATION

COMPUTER SCIENCE

EXCEL FOR 2010/IMPORTING DATA ANALYTICS-BASED ENTERPRISE PERFORMANCE MANAGEMENT—MAKING IT WORK

Holly Basso | OD26N | 1.50 CPE hours

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MICROSOFT OFFICE 2010—INTEGRATION AND PRODUCTIVITY TOOLS

GROW! TEN STRATEGIES FOR MAXIMIZING YOUR LEADERSHIP POTENTIAL

Holly Basso | OD27N | 4 CPE hours

David Rendall | OD34N | 2 CPE hours

14 I N T E R I M R E PO R T | 2013 Edition 4

REAL WORLD EXPERIENCE FELLOWSHIP PROGRAM

98% JOB PLACEMENT RATE

CONCENTRATIONS IN ERM, IT, AND TAX STRATEGY

TOUR OF CITIES

MEET THE FIRMS EVENT

STUDY ABROAD

CPA REVIEW RESOURCES WWW.POOLE.NCSU.EDU/MAC

PERSONAL DEVELOPMENT HOW TO MAKE A BORING SUBJECT INTERESTING

DEBT-FINANCED REAL ESTATE IN SELF-DIRECTED IRAS & OTHER PLANS Bill Humphrey | OD18N | 1 CPE hour

Geni Whitehouse | OD23N | 1 CPE hour

E-VERIFY & I-9 COMPLIANCE AND INVESTOR VISAS RECHARGE! MANAGING STRESS & AVOIDING BURNOUT

Alan Gordon | OD43N | 1 CPE hour

David Rendall | OD36N | 2 CPE hours

INTRO TO HEALTH SAVINGS ACCOUNTS STAYING MOTIVATED—FIGHTING FOR YOUR MOJO

Bill Humphrey | OD16N | 1 CPE hour

Denise Ryan | ODØ7N | 1 CPE hour

INVESTMENTS FOR SELF-DIRECTED IRAS STAYING MOTIVATED—MOVING IN THE DIRECTION OF YOUR DREAMS

Bill Humphrey & Clay Malcolm | OD2ØN | 2 CPE hours

Denise Ryan | ODØ8N | 1 CPE hour

OPPORTUNITIES & LIMITATIONS OF THE “SELFDIRECTED” IRA FOR CPAS & FINANCIAL ADVISORS

TIME MANAGEMENT—START WITH THE ESSENTIALS

Bill Humphrey & Clay Malcolm | OD19N | 2 CPE hours

Denise Ryan | ODØ5N | 1 CPE hour

SELF-DIRECTED IRA REAL ESTATE INVESTING TIME MANAGEMENT—SLAY THE DRAGONS (TIME-WASTING MEETINGS AND INTERRUPTIONS)

Bill Humphrey & Catherine Wynne | OD21N | 2 CPE hours

Denise Ryan | ODØ6N | 1 CPE hour

UNRELATED BUSINESS INCOME TAX (UBIT) IN SELF-DIRECTED IRAS

TAXES

Bill Humphrey | OD17N | 1 CPE hour

BASIC INTRO TO ALTERNATIVE INVESTMENTS IN IRAS & OTHER TAX SHELTERED PLANS Clay Malcolm | OD15N | 1 CPE hour

I N T E R I M R E PO R T | 2013 Edition 4 15

Welcome New Members

Welcome to our newest NCACPA members. Whether you are just starting your career or a seasoned professional working in industry, government, or public accounting, NCACPA membership is your connection to your professional community.

newest members to the association, listed in their chosen chapter location, based on their preferred mailing address. Please feel free to contact Jennifer Rowell, Membership Engagement Manager, at (800) 722-2836 or email jrowell@ncacpa.org, to learn how to make the most of your membership.

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If you are looking for new members in your chapter area, look no further. Below is a listing of the

ALBEMARLE/OUTER BANKS

Matthew McKinney, Hickory

John William Dear, Charlotte

Sophie Ridings Avent, Edenton

Kieuduyen Nguyen, Hickory

Ghassan Antonios Dib, Shelby

Michael Edward Kostich Jr., Frisco

Teresa Hope Redman, Morganton

Alli Dilloian, Charlotte

Victoria Schlegel, Wanchese

Emily W. Reynolds, Boone

Eric Timothy Dowd, Charlotte

Misty Watson, Boone

Angela Duncan, Monroe

CAPE FEAR

Tessa Carolyn Dyer, Matthews

Reuben Blake Dalton, Leland

CHARLOTTE

Joseph Daniel Egbers, Charlotte

Molly Frederick, Shallotte

Jonathan Allen, Charlotte

Pattie M. Ellis, Huntersville

Tanya J. Hoffa, Hubert

Dina M. Allison, Charlotte

Jonathan D. Elson, Charlotte

Melissa L. Jones, Wilmington

Ahmad AL-Taher, Charlotte

Ashley Hollis Epps, Charlotte

Rebecca James Lester, Southport

Sonia Amin, Charlotte

Brittany Eronson, Charlotte

Sue Madison, Shallotte

Mitchell Anderson, Charlotte

Matthew Fisher, Concord

Susan Sweeney Mayne, Wilmington

Heidi Andreasen, Charlotte

Shannon Leah Ford, Charlotte

Julia Ann Mazza, Hampstead

Jeffrey L. Atkinson, Charlotte

DeAnna Lynn Ford, Concord

Rachel Elizabeth Needham, Raleigh

Julie Ann Barnes, Charlotte

Jonathan Douglas Frey, Indian Land

Matthew Joseph Popkin,

Margaret Diana Baucom, Matthews

Spiro Galanis, Charlotte

Jacksonville

Michelle Elaine Boch, Charlotte

Osbelia Garcia, Charlotte

Jessica Elizabeth Radford, Jackson

Marshall Breece Breland, Cornelius

Timothy S. Gill, Charlotte

Brian E. Ring, Shallotte

Drew Patrick Bryan, Charlotte

Bonnie Gillespie, Pikeville

Beverly Setzer, Wilmington

David Lee Bublick, Charlotte

David Gnyp, Charlotte

Tessa Suggs, Wilmington

Thomas Lee Burns Jr., Charlotte

Thiru Govender, Charlotte

David Zukerman, Wilmington

Kimberly Lynn Byrd, Charlotte

Fran Gutnick, Charlotte

Maria Rebecca Castillo Cabigao,

Kelly Hackett, Charlotte

CATAWBA VALLEY

Oakland

David Hamilton, Charlotte

Katherine Lynnette Baker, Hickory

Lauren Nowak Campbell, Charlotte

Janice Harbour-Marazza Jr.,

Crystal D. Barnes, Hickory

Chase Martin Clemens, Charlotte

Charlotte

Kurt Lawson Beal, Conover

John Cleveland, Charlotte

Christopher R. Harrison, Cornelius

Taryn Boston, West Jefferson

Joseph Coco, Indian Trail

Gregory Blake Hassell, Charlotte

Tiffany Buff, Cornelius

Patrick J. Coleman, Charlotte

Camille Marie Hefner, Charlotte

Brady Combs, Boone

Stephen Phillip Crandall, Charlotte

Megan A. Heim, Charlotte

Melissa Lackey, North Wilkesboro

Stephen Craver, Charlotte

Susan Russell Herman, Charlotte

Katrina Sheets Lowe, Moravian Falls

Sarah Stevenson Danford, Waxhaw

Maria Lynn Hernandez, Charlotte

16 I N T E R I M R E PO R T | 2013 Edition 4

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Samuel Hofmayer Hess, Blowing Rock

Bill McNairy, Charlotte

Margaret Bednarz Payne, Charlotte

Tamara Holbrook, Davidson

Thomas Kirk Medlin, Monroe

John Wesley Payne III, Charlotte

Farah Michelle Hollingsworth,

Tanya Rae Miller, Charlotte

Aaron Lance Pearson, Charlotte

Charlotte

Michael Ryan Miller, Charlotte

Lesa D. Perkins, Lincolnton

Tom Hull, Monroe

Dwayne Scott Mitchell, Charlotte

Donald Edwin Perry, Charlotte

Phillip Jackson, Cornelius

Mollie Martin Mitchell, Charlotte

Adrienne Michelle Phillips, Concord

Robert Prial James, Huntersville

Matthew Morgan, Wadesboro

CliďŹ&#x20AC;ord Kendall Pierce, Charlotte

Matthew Alan Johnson, Charlotte

Donna S. Morgan, Charlotte

Kathryn Marie Pletcher, Charlotte

Brittany Johnston, Charlotte

Carver Anne Morrow, Charlotte

James Gerard Radler, Cornelius

Jens Kaufmann, Huntersville

Meagan Mullin, Charlotte

Leonard S. ReďŹ&#x20AC;ord, Matthews

Spencer A. Kendle, Charlotte

Jack Patrick Murphy, Charlotte

Ashlyne Kelly Reid, Charlotte

Sara Nicole Kollien, Charlotte

Sean Patrick Murphy, Charlotte

Lynda Reilly, Charlotte

Meagan Lanning, Charlotte

Nathaniel Reece Musgrove, Charlotte

David Charles Robertson, Charlotte

Courtney Lehmann, Charlotte

JeďŹ&#x20AC;rey Justus Myers, Huntersville

Wendy W. Robinson, Gastonia

Teresa Athina Lewis, Indian Trail

Eric Douglas Nebel, Charlotte

Kevin Rose, Charlotte

TiďŹ&#x20AC;any Loveless, Charlotte

Timothy John Nicodemus, Charlotte

Justin D. Russell, Charlotte

Blake Leon MacKeen, Charlotte

Sandra Ann Nowak, Charlotte

Mitali Shah, Charlotte

Sophie Malati, Charlotte

Ashley Elizabeth Nystrom,

Tegan Shaver, Charlotte

Ranu Manik, Charlotte

Huntersville

Nathaniel Shishko, Charlotte

Timothy John Matthews, Charlotte

Garrett Knox Oakley, Charlotte

Joshua Allen Slagle, Charlotte

Suzanne McBrayer, Charlotte

Maxwell Ofori, Charlotte

Courtney Smith, Charlotte

James Alexander McDermott,

Kimberly Ann Olsen, Charlotte

David Lee Srulevitch, Charlotte

Lexington

Fred P. Parker IV, Charlotte

Patrick Starnes, Charlotte

I N T E R I M R E PO R T | 2013 Edition 4 17

Ed J. Steh, Matthews

Lewisville

SANDHILLS

Elizabeth Stollbrink, Charlotte

Joshua Adam Brown, Lexington

Rahul Kaushik Amalean, Garner

Cindy Sturgill, Charlotte

William Muir Bucher Jr.,

Stephen Tyler Baity, Pinehurst

Garrett Ryan Summers, Charlotte

Winston-Salem

Kizzy LaChelle Burgess, Raeford

Kodjo Tchegnon, Charlotte

Amanda Marie Cauble, Granite

Frances Clayton, Pinehurst

Rebecca LeeAnn Testin, Huntersville

Quarry

Alexis Marie Cooksley, Holly Springs

Bryan Austin Thompson, Charlotte

Matthew Roby Cox, Elkin

Allison Rae Core, Dunn

Christy Todd, Huntersville

Brenda Guthrie, Clemmons

Joshua Randall Cubitt, Buies Creek

Richard Tritel, Charlotte

Andrea Lambert, Lewisville

Olivia A. DeJournette, Buies Creek

Stephen Allen Watson, Charlotte

Melinda Mueller, Winston-Salem

Nilka Johena Del Roario Tejada,

Matthew Charles Wellman, Charlotte

Michael Shore, Mount Airy

Raleigh

Eric Lamar White, Fort Mill

Sabrina Kay Simpson, Winston-Salem

Wallis Nicole Eason, Garner

Stephen Brian Williams, Charlotte

Brannon Alan Smith, Kernersville

Kimberly Melissa Ervin, Kinston

Madeline Winkler, Charlotte

Suzanne Graves Squires,

Stephen Frazier, Stedman

Joe Wood, Charlotte

Winston-Salem

Amy Grant, Fayetteville

Alla Zakharova, Charlotte

Janice Brown Stokes, Rock Hill

Emma Grace Haegele, Raleigh

Mary Raechel Zienlek, Charlotte

Robert K. Swab Jr., Kernersville

Hannah Renee Hayes, Asheboro

Matt Twiford, Winston-Salem

Kenya Iloka, Fayetteville

COASTAL PLAINS

Mark Welch, Winston-Salem

Marsha Bailey Krings, Fayetteville

Sandra Avery, Wilson

James Brantley Willis, Winston-Salem

Victoria A. Lodge, Holden Beach

Julie W. Byrum, Greenville Edwin Keith Cannon, Morehead City Terresa LaVern Dent, Greenville Eduardo Francis Fleurent, Mount Olive Robert Gottschalk, Rocky Mount Vuk Kesic, Mount Olive Jason T. King, Sanford Lisa Moore Lewis, Rocky Mount Sue H. Nesbitt, Washington Daniel Oliver, Wilson

PIEDMONT Abdullah M. Alnwairi, Greensboro Michael Joseph Arthur, Greensboro Marilynn Welch Baker, Kernersville Wilhelm Bigirande, Thomasville Megan Blakley, Reidsville William Ray Bradley, High Point Deborah W. Caldwell, Greensboro Floyd Chambless Dickey, High Point Brandi Overstreet Dupuis, Kernersville

Eli Frank Maness, Dunn Brittany Marshall, Angier Gina Marie Martinez, Fayetteville Aaron Thomas McMillan, Clinton Ryan Christopher Miller, Lillington Ashley Nicole Phillips, Rocky Mount Heather Nicole Ridlon, Pinehurst Robert Taylor Wells III, Dunn Matthew Christopher Wimberly, Raleigh

Beverly C. Eckard, Summerfield

TRIANGLE

Carson Gray Sasser, Pikeville

Nicholas Gittin, Elon

Francesca Nanette Adamo, Raleigh

Henry L. Singletary, Mt. Olive

David McCain Highfill, Greensboro

Kimberly Ammon, Morrisville

Darsen Lloyd Sowers, Greenville

Yolanda D. Hill, Greensboro

Collette Anderson, Chapel Hill

Courtney Suzanne Sugg, Cove City

Natalie Nicole Hunt, Lexington

Sheila Naa Akuama Ashley, Cary

David Wayne Templeton Jr., LaGrange

Jeanne Helen Kusiak, Jamestown

Jordan MacKay Askew, Raleigh

Natalie Tetterton, Washington

Will Lavasque, Greensboro

Lori Ann Aveni, Apex

Zach Thomas, Wilson

Julia Ann Leik, Greensboro

Charles Frederick Barnewolt, Raleigh

Stephanie Michelle Wall, Greenville

Linda M. Malone, Burlington

Ryan Barnhart, Apex

David Alan Watts Sr., New Bern

Kwassi Anani Mensah, McLeansville

Clarissa Darice Beaty, Raleigh

Donte Weston, Wilson

Adam F. Miller, Graham

Ross Benjamin, Raleigh

Lesli Mills, Greensboro

Sarah Jackson Berkner, Clayton

FOOTHILLS

Amber Moize, Mebane

Kylee Phillips Bloodworth Jr., Apex

Devin Borders, Denver

Harshkumar Cropaldas Parikh,

Matthew Allen Boyer, Cary

Lori Bothwell, Denver

Greensboro

Albert P. Falls, Kings Mountain

LouAnn S. Queen, Asheboro

Coretta Lynne Peel, High Point

Daniel Reed Hudson, Rutherfordton Kevin H. McCabe, Lincolnton AnnMarie Wood, Shelby

NORTHWEST PIEDMONT Julie Morgan Bell, Winston Salem Scott Jackson Bell, Winston-Salem Michael Brandon Branscome,

18 I N T E R I M R E PO R T | 2013 Edition 4

David Schilly, Greensboro Daphna Schwartz, Whitsett Sharon L. Sharpe, Asheboro Trisha Shepherd, Greensboro Dhrumit Giriraj Sheth, Burlington Brian Staton, Gibsonville Jesse Alton Webb Jr., Colfax Patrick Ryan Willis, Greensboro

Jason Thomas Brodmerkel, Raleigh Emily Buckner, Raleigh Jennifer L. Buller, Black Creek Ashleigh Byrd, Chapel Hill Katie Byrne, Raleigh Charles Hardee Cadwell II, Raleigh Elizabeth Calcutt, Garner Jeffrey Alan Call, Durham Michelle Campbell, Durham Kelly Cramer Cantwell, Raleigh

I N T E R I M R E PO R T | 2013 Edition 4 19

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Cara Chabreck, Raleigh

Steve Harris, Greensboro

Gina Marie Marquez, Durham

Fangyuan Chang, Durham

Melanie Hayes, Apex

Clayton Hammans Mason, Raleigh

Sunshine Chen, Durham

Donna High Brickell, Raleigh

Paul Matthews, Raleigh

Richard Francis Cornetta, Cary

Carla Wilmoth Hingos, Raleigh

Benjamin Taylor May, Raleigh

Jennifer Craig, Raleigh

James David Horne, Raleigh

David Randall McAnally, Raleigh

Mike A. Day, Durham

Lillian Alice Houston, Raleigh

Benjamin Kle McCorkle, Raleigh

Amelia Gardner Dean, Raleigh

Thomas North Howard, Cary

Erica Patrice McDowell, Durham

Agatha Buell Eggers, Chapel Hill

HanWen Hsu, Raleigh

Teri Graham McKee, Raleigh

Lori English, Garner

Mark Stephen Hunike, Bullock

William Ronald Miller, Raleigh

Andrew David Evans, Cary

Erin L. Hurd, Raleigh

Megan Dehority Miller, Chapel Hill

Kathryn E. Eveleth, Raleigh

Melony Jayne Jackson, Selma

Meredith Archerd Miller, Raleigh

Bonaventure E. Ezewuzie, Raleigh

Garrett Smith Jernigan, Raleigh

Leslie Miller, Rolesville

Vincent Farson Jr., Clayton

Robin Irene Jordan, Raleigh

Chenming Mo, Chapel Hill

Mary Elizabeth Folchetti, Holly

Marie Kastelic, Raleigh

Samuel Adam Moore, Holly Springs

Springs

Nicole E. Keating, Zebulon

Heather Morrison, Garner

Amy Ford, Durham

Dhara M. Lakhani, Raleigh

Alan A. Morrison, Durham

Kate Friedrick, Raleigh

Caroline Elizabeth Lawing, Raleigh

Rachel Dawn Morton, Clayton

Yusador Saadatu Gaye, Raleigh

Joel I. Levy, Chapel Hill

Janet M. Murphy, Durham

Helena Paula Goncalves, Apex

Tyler O. Lindsey, Raleigh

Mary Katherine Myatt, Raleigh

Christopher David Hall, Raleigh

Ekiti Nichols Lowe, Wake Forest

Arnold Grayson Nance, Morrisville

Annette J. Hall, Fuquay Varina

Xingjie Lu, Cary

Casey Neal, Raleigh

Javon Harley, Raleigh

James M. Mabeya, Raleigh

Rebecca J. Oatsvall, Raleigh

Susan Harper, Cary

Corey Mallard, Raleigh

Katherine Johnson Ogburn, Raleigh

Shelley Harris, Clayton

Timothy James Manton, Wake Forest

Kristle Osteen, Raleigh

20 I N T E R I M R E PO R T | 2013 Edition 4

Carl Player Patterson, Durham

Wen Wen, Raleigh

OUT OF STATE

April Pearce, Knightdale

Christine A. White, Bishop

Caroline Standish Arden,

John James Pearce, Raleigh

Zachary David Williams, Benson

Canandaigua, NY

John Pearce, Clayton

Paul T. Winter, Raleigh

Steve Aumer, Alpharetta, GA

Katrin Petz, Cary

Andrew Witcher, Raleigh

Jonathan Wesley Blanchard, York, SC

George Howard PfeiďŹ&#x20AC;er, Raleigh

Jaime Zea Sandoval, Holly Springs

Caroline Shurden Bowman, Arlington, VA

Christopher Poston, Raleigh

Wendy Bright, Galax, VA

Delphine Powell, Raleigh

WESTERN CAROLINA

Nancy F. Carter, Danville, VA

Ginger Quick, Raleigh

Olga V. Aguilar, Asheville

Edmin Chan, Oakland, CA

Michelle Ramos, Morrisville

Tammy Ruggiero Allman, Webster

Thomas D. Childers Jr., Greenville, SC

Gina Brown Riggins, Raleigh

Sheila Kaye Ammons, Weaverville

Rosa S. Collins, Martinsville, VA

Erica Glasgow Rogers, Raleigh

Nicholas R. Baldelli, Asheville

Jason Raymond Dugas,

Nancy Rose, Raleigh

John Paul Barbee, Franklin

Charlottesville, VA

Sarah Schonert, Durham

Juliana Barber, Cullowhee

Glenn Evans Jr., New York, NY

James Eugene Scott, Raleigh

Krista Bowman, Asheville

Steven Ernest Farrar, Danville, VA

Whitney Shearin, Raleigh

Joel Chambers, Asheville

Andrea Gallegos, Albuquerque, NM

Sara Renee Shelp, Durham

Brian CrutchďŹ eld, Weaverville

Brad Hansen, Seymour, TN

Dan Shulman, Durham

Tracy Dyer, Hendersonville

Celeste Hardy, Brooklin, Ontario

Sandra Blanks Simpson, Holly Springs

Karina R. Escalante, Asheville

William Byrd Harrison, Richmond, VA

Robert John Sluik, Benson

Hannah Rebecca Farlow, Candler

Siwei L. Hartill, Dalton, GA

Michelle Smith, Raleigh

Clayton Grady Fogg Jr., Weaverville

Natalie Henley, Fort Mill, SC

Juliana C. Smith, Garner

Jocelyn Walters Hayes, Asheville

Brooke Allison Holliday, Columbia, SC

Richele Spruill, Raleigh

William Zachary Holland, Asheville

Brianne Renee Hughes, San Jose, CA

Randy Ben Stepp, Apex

Carol Hughes, Fletcher

William Ickes, Florence, SC

Rashida Jasmine Stevens, Raleigh

Virginia Avery Hunter, Asheville

Stephen Wesley Irwin, Rock Hill, SC

Mark Stohlman, Morrisville

Leonard Eric Jones Jr., Asheville

Allison Elizabeth Jonas, McLean, VA

Josh B. Strehle, Raleigh

Nancy Hope Malle, Asheville

Foday G. Kiazolu, Paynesville, Liberia

Allison Sullivan, Raleigh

Caleb Matthews, Cullowhee

Edward Oakes, Lynchburg, VA

Donn Robert Swift, Garner

Karen J. Mink, Ashveille

Samantha McMillian, Galax, VA

Mara Thomas, Durham

Gregory Owen, Fletcher

John Robert Ormesher, Valentine, NE

Edward Lawrence Thompson III,

Gary Pearson, Candler

Sharon Marie Smith, East China, MI

Raleigh

Carey Ann Price, Asheville

Eric Sommermann, Sewell, NJ

Mark Becton Thompson Jr., Raleigh

Kathy Rodes, Asheville

Michael H. Wooten, Greenville, SC

Linwood Carroll Thornton II, Benson

Noel Swartz, Asheville

Qing Yan, Gaithersburg, MD

Akilah Sameerah Waldrond,

Harold Jay Wilson, Tryon

Fuquay-Varina

Meredith Wood, Andrews

Teresa Maynard Walker, Roxboro

blog.ncacpa.org I N T E R I M R E PO R T | 2013 Edition 4 21

CONNECT IMPACT GROW

ACCOUNTING DIGEST

Thank You from the NC CPA Foundation The lives of those receiving your gifts of hope, through the works of the NC CPA Foundation, will be transformed forever by your generosity. Thank you for giving! Make a donation here.

CONTRIBUTING ORGANIZATIONS SUMMA CUM LAUDE ($500–$1,000)

Lisa T. Dickinson

DEAN’S LIST ($50–$99)

Andrea Woodell Eason

Edward M. Fidelman

Denning, Herring, Sessoms &

Howard Bruce Gartman

Margaret Megginson Fonatana

Company, PA—in memory of Dale

Larry Bryan Harris

W. Joe Foster

Denning

J. Stanley Hill

Donna Lynn Gardner

Helen G. Runya

Russell Lee Isenhour

Churck Harrison Maness

Jonathan Cory Kraftchick

Charles F. Steineger, III

CUM LAUDE ($100–$499)

Connie M. Laster

Potter & Company, PA

Diane Lynn Mahoney

HONOR ROLL ($25–$49)

James T. Ahler

Suzanne Chapman Mecum

Sarah Elder Bruce

Murchison Bolton Biggs

R. Kirk Neumann

Mary Neil Hall

Pamela Jane Brinkley—in memory of

William Leon Rives

Steven Douglas Hintz

Frank Davis Nelson

Donna Stegall Taylor

Victoria A. Martin

Nancy Ann Brooks

Robert Walker Taylor

Leslie Michael Russell

Charles Brooks Carver

Laurie D. Tilley Alison Foust Tweed

22 I N T E R I M R E PO R T | 2013 Edition 4

MAKE GENEROSITY A PART OF YOUR LEGACY

BY GIVING THE GIFT OF HOPE! Early in your professional journey, it’s highly likely that someone gave you a helping hand. Whether it was in the form of references, encouragement, or financial aid—you might not have achieved as much without the help of others. Make that same generosity your legacy by giving hope to the next generation of CPAs. Your tax-deductible donation to the North Carolina CPA Foundation will make a difference in the lives of aspiring CPAs across the state. Give the gift that keeps on giving—make a donation to the Foundation today!

ABOUT THE FOUNDATION The NC CPA Foundation Inc. was established to further facilitate the association’s philanthropic efforts. The Foundation plays a major role in accomplishing the association’s mission of supporting CPAs and the accounting profession in North Carolina. Through the generous donations of NCACPA members, the Foundation provides numerous scholarships and other monetary contributions to aid North Carolina college students.

To further the excellence of North Carolina’s accounting education, the Foundation provides a monetary prize for the winner of NCACPA's annual Outstanding Educator Award.

Download Foundation Brochure | Recent Scholarship Recipients | Foundation Board Members

I N T E R I M R E PO R T | 2013 Edition 4 23

CONNECT IMPACT GROW

The North Carolina CPA Political Action Committee (PAC) is a bipartisan group, which

ACCOUNTING DIGEST

provides financial assistants to candidates who support legislative issues, which are critical to the CPA profession, by utilizing the generous donations from its supporters.

A strong PAC enables NCACPA to have a voice on issues affecting the accounting profession and our state’s economic climate—it sends a compelling message to show candidates and incumbents that CPAs are cohesive, proactive, and engaged!

Make a donation here.

THANK YOU FOR CONTRIBUTING TO THE NC CPA PAC! Below contributions were received between August 1–November 30, 2013.

$500 CONTRIBUTORS:

$200 CONTRIBUTOR:

$100 CONTRIBUTORS:

$50–$75 CONTRIBUTORS:

John C. Berens

Steven Douglas Stang

James T. Ahler

Jeremy D. Hicks

Andrea W. Eason

Gregory W. Johns

Gary R. Massey

Michael A. Westervelt

24 I N T E R I M R E PO R T | 2013 Edition 4

NEED SCHOLARSHIP MONEY? WE’VE GOT YOU COVERED!

2014 ANNUAL AWARD NOMINATIONS

Need some financial assistance with college? We may be able to help! Learn more about scholarships provided by NCACPA, AICPA, and other organizations that can help you on your way. Applications for the selection process are due by February 11, 2014. Complete your scholarship application today! Remember to contact your colleges financial aid office for other financial resources.

WE NEED YOU—to nominate worthy candidates for the 2014 NCACPA Annual Awards! If you or any of your colleagues have put an exceptional amount of effort into maximizing the accounting profession’s impact on the community, industry or membership experience, we want to hear about it!

Each spring at the Annual Business Meeting, NCACPA recognizes peer-nominated members with Annual Awards for their outstanding contributions in these areas. Nominations are due to Jim Ahler by March 1, 2014.

NC CPA FOUNDATION SCHOLARSHIPS North Carolina CPA Foundation Scholarships Chapter Scholarships Outstanding Minority Accounting Student Scholarship

AWARDS PRESENTED: Lifetime Achievement Outstanding Educator Outstanding Member in Business & Industry

AICPA, ORGANIZATION, AND CPA FIRM SCHOLARSHIPS

Outstanding Member in Government Public Service

AICPA Graduate Accounting Scholarships Raymond Rains Outstanding Service AICPA Minority Accounting Scholarships "Taking it to the Max" Other AICPA and Organization Scholarships Women to Watch Awards BrainTrack Business School Scholarship 2013 Annual Awards Recipients

I N T E R I M R E PO R T | 2013 Edition 4 25

ACCOUNTING DIGEST

GROW

IMPACT

CONNECT

THE MAX MUKELABAI MEMORIAL FUTURE LEADERS SCHOLARSHIP PROGRAM

On July 8, 2011, we lost a charismatic and talented

Chair; and the youngest Chair in NCACPA’s history.

young professional by the name of Maximo Mukelabai,

The reach of his involvement carried him to also serve

whose dedication and capabilities were the very

on the Minority Action Committee, the Not-for-Profit

definition of excellence in leadership. His untimely

Committee, the International Committee, the Speakers’

death inspired his wife, Patience, to partner with the

Bureau, as a financial literacy volunteer, and as a

NC CPA Foundation Inc., to establish a memorial

member of the Board of Directors.

scholarship to further the potential of the profession’s future leaders. As a result of their hard work combined

This memorial scholarship program seeks to provide

with Max’s inspirational legacy, the Max Mukelabai

financial support to young professionals seeking

Future Leaders Scholarship was created.

leadership training. Two scholarships will be awarded annually in the amount of $2,500 each to active

Max was a trailblazer within the profession, and

members of the association who have or are serving

his legacy as NCACPA Chair is adorned with many

in leadership positions.

“firsts” for the association. He was the first member of the Young CPA Cabinet to come up the ranks and

Scholarships applications due by February 12, 2014.

serve as association Chair; the first African American

Click here to apply!

CPE TRANSCRIPT UPDATES Print your NCACPA CPE Transcript History directly from our website! Simply log in to your account and enter in the year of your desired records. Remember, your 2013 transcript may not be complete until January 31, 2014. Let us know if you need assistance!

26 I N T E R I M R E PO R T | 2013 Edition 4

Do you have broad professional liability insurance coverage?

You do if you are insured with the AICPA Professional Liability Insurance Program.

When it comes to something as important as your CPA firm, do you want to insure it with a professional liability insurance policy created for all types of professionals?

Doesn’t it make sense to cover your firm with a professional liability insurance program created with the support of the AICPA specifically for CPAs?

Get the benefits of a national provider with the personal service you deserve: • Policy form designed to cover the unique exposures of CPA firms • All size firms and areas of practice are eligible • Premium credits designed to reflect the way CPAs do business • Quality coverage at a price that fits your budget

Please contact Charles Cauthen at BB&T Insurance Services, Inc. at 888.868.3721 today!

Endorsed by:

Underwritten by:

Administered by:

More than 25,000 CPA firms depend on the AICPA Professional Liability Insurance Program.

Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc. (AR 244489); in CA, MN & OK, AIS Affinity Insurance Agency, Inc. (CA 0795465); in CA, Aon Affinity Insurance Services, Inc. (0G94493), Aon Direct Insurance Administrator and Berkely Insurance Agency; and in NY and NH, AIS Affinity Insurance Agency.

One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. The statements, analyses and opinions expressed in this publication are those of the respective authors and may not necessarily reflect those of any third parties including the CNA companies. CNA is a registered trademark of CNA Financial Corporation. Copyright © 2013 CNA. All rights reserved.

E-10373-613 NC

IR

Feature: Congratulations to the 2013 Women to Watch Award Recipients

NCACPA CONGRATULATES THE

2013 WOMEN TO WATCH AWARD RECIPIENTS

The North Carolina Association of CPAs (NCACPA), in partnership with the American Institute of Certified Public Accountants (AICPA) and its Women’s Initiatives Committee, is pleased to announce the winners of the 2013 Women to Watch Awards. These awards were presented on October 22, 2013, at a luncheon during NCACPA’s Professional Women’s Conference.

28 I N T E R I M R E PO R T | 2013 Edition 4

MELISA GALASSO Our Emerging Leader of 2013 Melisa Galasso, CPA, is the recipient of the award in the “Emerging Leaders” category, which recognizes a woman who has demonstrated characteristics necessary to become a leader in the profession. Melisa is an audit professional practices manager, with Cherry Bekaert, LLP, based out of Charlotte, NC. Her responsibilities range from supporting technical issues and quality control in the development of Continuing Professional Education (CPE), to monitoring changes and updates in auditing and accounting guidance for regulatory bodies, including the Financial Accounting Standards Board (FASB), the Government Accounting Standards Board (GASB), and the AICPA. In her personal time Melisa has devoted herself to community service projects by providing leadership to NCACPA’s Charlotte Chapter Community Service Committee, bolstering the success of the NC CPA Day of Service, and creating volunteer opportunities for CPAs in the Charlotte area. Her natural proclivity towards leadership and service has also gotten her very involved with NCACPA’s Accounting & Attestation Committee, while also serving as PTO president and audit committee chair of her church. Melisa is also an active writer, providing excellent articles and blogs to the CPA community on a regular basis.

SANDI THORMAN Our Experienced Leader of 2013 Sandi Thorman, CPA, is the recipient of our Experienced Leader Award for 2013. This category recognizes women who has made notable contributions to the accounting profession, their organizations, and cultivating leadership skills in other. Sandi is the partner-in-charge of the Tax Department at GreerWalker, LLP, which is based out of Charlotte, NC. For more than 15 years, Sandi has garnered experience in tax and business advising, mortgage bankers, investment banking firms, broker dealers, and insurance companies. Sandi assists closely held companies and their owners with tax planning and compliance. She has substantial expertise in entity selection, entity structure, ownership changes, mergers and acquisitions, as well as succession and estate planning.

Outside of her professional responsibilities, Sandi holds membership with several professional associations including NCACPA, AICPA, Association for Corporate Growth, Charlotte Estate Planning Council, Foundation for the Carolinas, and the Charlotte Economics Club. Additionally, she is very active in her community by serving as Treasurer for Dress for Success of Charlotte, as well as Finance Committee Chair on the Charlotte Mint Museum’s Board of Trustees.

We extend sincere congratulations to both Melisa and Sandi as they and continue to demonstrate leadership, potential, and success in North Carolina’s CPA community!

I N T E R I M R E PO R T | 2013 Edition 4 29

IR

Feature: 2nd Annual CPA Day of Service

30 I N T E R I M R E PO R T | 2013 Edition 4

Second Annual CPA Day of Service

By Alison Mendys NCACPA Content & PR Specialist

On the last calendar day of summer in 2013, North Carolina Governor Pat McCrory, officially designating September 20, 2013, as the state’s “CPA Day of Service.” On this day, CPAs from across the state spent a full day dedicated to prescheduled volunteer work at humanitarian or charitable organizations of their choosing, in an effort to give back to their communities.

Like most powerful causes, the CPA Day of Service began as a spark in the mind of one of North Carolina’s own CPAs, only to spread like a wildfire through the hearts of accounting professionals across our great state. In 2013, this community outreach effort hit its second anniversary and was observed by 2,200 professionals statewide.

This local grassroots effort not only touched the lives and causes of so many in North Carolina, it transcended beyond its local beginnings via social media and web-based networking—it was tweeted on Twitter, liked on Facebook, posted on Instagram, and even celebrated with a rendition of the “Harlem Shake” uploaded to YouTube. This once small idea, which was cultivated locally, grew big enough to reach so many on such a large scale.

Beyond the hype, the press, and the buzz is the nucleus of this unifying effort—hard work and dedication to the community. It should come as no surprise to our readers that these components are also found at the heart of the organization’s members, which sponsored this communal effort. Their hard work yielded bountiful benefits to food banks, social services, schools, charities, camps, parks and ministries—just to name a few—all across North Carolina.

Charitable resources collected and donated as a result of CPA Day of Service 2013, included nearly $2,000 in monetary resources, approximately 650 pounds of food, over 150 supply-kits for community schools, and over 500 pieces of clothing. Volunteer efforts extended beyond the

I N T E R I M R E PO R T | 2013 Edition 4 31

32 I N T E R I M R E PO R T | 2013 Edition 4

collection of goods and resources

CONTEST WINNERS

in the forms of neighborhood, park, and public facility cleanup-efforts, in addition to other labor-based services

MOST CREATIVE PHOTO

provided by the participants, who so

Martin Starnes & Associates,

generously volunteered their time.

CPAs, PA (as seen on the cover)

On behalf of NCACPA and organizations from around the state of North Carolina on the receiving end of

FACEBOOK

your generosity, we say THANK YOU! Thank you for your participation, spreading the word, and giving back to the community that we all call home.

Heroux & Company, LLP’s photo won with 24 likes

TWITTER Zachary Donahue’s post won with 4 retweets “Retweet if you wouldn’t let rain get in the way of giving back to the community! #CPAService #givingback”

INSTAGRAM

Sophie Malati’s photo won with 24 likes

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IR

Feature: 2nd Annual CPA Day of Service

Around the Web

THE HARLEM SHAKE, CPA STYLE

by Rives & Associates, LLP click to watch video

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IR

Feature: 2nd Annual CPA Day of Service

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IR

Feature: 2nd Annual CPA Day of Service

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“The Charlotte office donated a huge collection box full of items for Project Night Night. The project donates over 25,000 packages each year to homeless children who need childhood essentials to feel secure, cozy, ready to learn, and significant. The Charlotte staff donated dozens of stuffed animals, baby blankets, and children’s books. We had a wonderful time collecting donations for Project Night Night.”

— T O M K O C H , C H E R R Y B E K A E R T, L L P

“I wanted to send you our group picture and one with the house.

We had a wonderful time! We also cooked dinner for the families.

Thank you so much for working so hard on the 2013 Service Day Project!

I look forward to working with the Ronald McDonald House of Winston-Salem again next year.”

— R U B Y B . L A N S D E L L , T U R L I N G T O N A N D C O M P A N Y, L L P

We had a great time again this year with both our team photo and the CPA Day of Service! We completed our service project for Safe Harbor Rescue Mission in Hickory. Safe Harbor provides the setting for a unique one-year Christian recovery/rehab program for women— the only such program available for women in Catawba County. We completed an improvement project at their “Good Friends” Transitional Housing apartment complex by painting and/or installing laminate flooring in three apartment units — C A M I H E P L E R , D AV I D S O N , H O L L A N D, W H I T E S E L L & C O. , P L L C

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IR

Feature: 2nd Annual CPA Day of Service

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#CPAService

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IR

Feature: 2nd Annual CPA Day of Service

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ClassiďŹ eds

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