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WICPA CAN HELP YOU LEVEL UP IN ACCOUNTING!
CONTENTS
3 message from the president & CEO
Unlock your CPA potential
CPAs are being called to embrace a broader perspective on the value they bring to businesses and communities.
By Tammy Hofstede
4 member profile
Mission quest — Elen Hovhannisyan
Elen Hovhannisyan, a native of Armenia, will soon embark on her greatest journey to date—as a newly minted CPA.
By Sharon Zalewski
10 focus on paying for your education
Acing the scholarship process
These nine tips can keep your application on track.
From ThisWayToCPA.com
14 focus on ethics
The ethical job search
Honesty and transparency in your job search are essential elements of building a lasting, successful and fulfilling career.
By Bella La Brasca and
Shannon Murphy
18 focus on education
Audit Gateway Program
The multiyear training program prepares accounting students for Department of Revenue careers.
By Jennifer Dambach, CPA
22 professional perspectives
Destination CPA
Three young professionals share their career paths and provide insight into what it’s like to be a CPA, whether in public accounting or industry.
By Beth Hedges, CPA; April Madsen, CPA; and Holden S. Schultz, CPA
26 looking back
Note to self
A seasoned professional writes a letter to his college-student self to reassure him that he’s choosing the right career.
By Dave Laske, CPA
28 career preparation: networking
Why LinkedIn is a game changer
It’s not too early to start using LinkedIn; it can help you throughout your career.
By Victoria Thayer, CPA
32 career preparation: mentoring
Maximizing your mentor experience
A mentor can provide a different perspective on your career development.
By Sara Davis
35 exam preparation
CPA Exam checklist
Thinking of taking the exam one day? This checklist tells you what to do, from educational requirements to testing fees, and when to expect your results.
2024-2025 WICPA
Educational Foundation
Board of Directors:
President
Paul J. Frantz, CPA
Secretary/Treasurer
Jeff Dewane, CPA, CGMA, CMA, MBA
Directors
Mark Bichler
Janet J. Egan, CPA
Jon C. Gaines, CPA, CGMA, MBA
Allyson Hofstede, CPA
Kale Post, CPA, MPA
Bret J. Priaulx, CPA, MBA
Gina C. Skibo, CPA
Victoria Thayer, CPA
Angela C. Thomas, CPA
Jidong Zhang
WICPA Board Liaison
Lucien A. Beaudry, CPA, JD
WICPA President & CEO
Tammy J. Hofstede
Publication Team:
Editor
Sharon Zalewski
Design & Layout
Brett Stallman
Advertising
Sue Daniels
Printing
Special Editions
ACCOUNTING SCHOLARSHIPS
Receive
$3,000 in scholarship money!
Apply online at wicpa.org/scholarships through March 7, 2025.
Scholarships are awarded from the WICPA Educational Foundation to qualified accounting students that have completed at least 90 credits of a degree program that qualifies to sit for the CPA Exam.
As the accounting profession undergoes an incredible transformation with the rapid advancement of technology and new services, CPAs are being called to redefine their roles. This shift is not just about adopting new tools to get the job done; it’s about embracing a broader perspective on the value CPAs bring to businesses and communities.
Accounting is the language of business, and CPAs hold a unique responsibility within the profession. Regardless of specialization — audit, finance, tax, consulting or technology — CPAs are trusted advisors. Their value lies in their expertise, advice and ability to reduce client and company risk — and with that comes significant career benefits and opportunities:
• Higher earning potential: The CPA credential can lead to greater financial stability.
• Career advancement: CPAs are positioned for high-profile jobs and leadership roles.
• Credibility: CPAs are chief executives’ and legislators’ first points of contact for business issues and tax legislation.
• Giving back: CPAs can use their success and expertise to give back to the community in many ways.
• Unlimited career opportunities: Doors open for CPAs at at all kinds of businesses, and CPAs can easily adapt their expertise when transitioning careers.
The accounting profession has a future that offers continuous value. Being a CPA sets you up for a fulfilling and meaningful journey at every stage of your career.
Unlock your potential by becoming a member of the WICPA (student memberships are free) and
“
The accounting profession has a future that offers continuous value.
Being a CPA sets you up for a fulfilling and meaningful journey at every stage of your career.”
start receiving resources that keep you updated on the profession. Check out what our members have to say about their different career paths at wicpa.org/students.
Tammy J. Hofstede is president & CEO of the WICPA. Contact her at (262) 785-0445, ext. 4518 or tammy@wicpa.org.
Mission Quest
Elen Hovhannisyan
Photography by Rick Swearingen
Elen Hovhannisyan is on the journey of a lifetime.
By Sharon Zalewski
Elen Hovhannisyan, a native of Armenia who moved with her family to the U.S. at age 10, knows a thing or two about journeys. When she crosses the stage in May 2025 to receive her master’s degree in professional accounting from the University of Wisconsin–Milwaukee, she will likely do so as a CPA.
Breaking barriers
Fourteen years ago, Hovhannisyan’s father, employed by a French global utility company, relocated the family — including her mother and young brother — to Carmel, Indiana. She was a middle schooler at the time, so for her the journey was both formidable and formative.
In her homeland, Hovhannisyan had been learning English as a second language, but she was not yet fluent. In Indiana, the language barrier made learning and contributing to classroom discussions difficult, as subjects were taught in English. But a focus on improving and growing by familiarizing herself with the culture, making friends, studying harder to excel in classes and involving herself in extracurriculars kept her moving forward, all the way through high school (she graduated with academic honors) and beyond.
“This journey has taught me so much over the years — most importantly that change is what leads to growth,” she said. “You must experience that discomfort because the place to realize your potential lies outside your comfort zone. If I hadn’t been put in those situations, I wouldn’t have discovered certain parts of myself and what I’m capable of.”
The aha moment
Hovhannisyan’s quest for an accounting career began during a high school business class that briefly touched on the subject. Intrigued, and after discovering an aptitude for math, she enrolled in an accounting class sophomore year. “On the first day, the teacher said, ‘Accounting is the language of business.’ That stuck with me; it was an aha moment.”
By senior year, she had been recruited as a bookkeeper for the school’s student-run café. This
“
You must experience that discomfort because the place to realize your potential lies outside your comfort zone.”
was Hovhannisyan’s first practical experience with accounting — and the catalyst for a future career.
“I didn’t know exactly what an accounting career would entail or what all the options were, but I realized that no matter what the business or industry is, how good the marketing team or product is, or how sound the company’s vision or mission is, you need an accounting department,” Hovhannisyan said. “There must be a
Northwestern Mutual offers Hovhannisyan both professional and personal growth.
system to record, summarize and translate a company’s economic events into a story that managers can base their decisions on. This drives the company.”
Repeated exposure
Hovhannisyan knew that hands-on experience was necessary to shape her future. During her first year of undergraduate studies at UW–Milwaukee, she attended a part-time job and internship fair. While she was eager to secure an internship at a large accounting firm, she was informed that those opportunities were reserved for upper-level students. Undeterred, she made professional connections at the event, including with the owner of a local Mathnasium franchise, which provides math instruction to pre-K through high school students. Hovhannisyan was hired as a part-time instructor, fulfilling two of her passions: math and teaching. Soon she was promoted to lead instructor and helped with the business’s accounting.
In June 2020, with a couple of years of higher education under her belt, she secured the first of three diverse internships with top Milwaukee companies. As a financial analyst intern at Baird — a wealth management, capital markets, asset management and private equity firm — she observed year-end close and the budgeting process. “By the end of the internship, I had become a subject matter expert on my small tasks and helped train the team’s new intern and other members,” she said. “It was cool to see how much I’d grown.”
That growth continued during an audit and assurance internship with Deloitte, where she watched team members interact with clients during their busiest time of the year. Then, two months before she earned her undergraduate degree, she secured an accounting internship at Northwestern Mutual, where she eventually landed her first fulltime job following graduation.
“All of those experiences helped me realize that exposure is key to success,” she said. “There is always value in doing research, talking with others and learning from their experiences; but firsthand experience is fundamental in decision-making. Without it, you won’t know whether an opportunity is the right fit for you personally.”
Another key to her success is dedication, which has helped shape a résumé attractive to any
“
There is always value in doing research, talking with others and learning from their experiences; but firsthand experience is fundamental in decision-making.”
employer. In addition to graduating summa cum laude with a BBA in accounting, her impressive accomplishments and accolades include recognition as the Lubar College of Business’s highest-ranked graduating senior; maintaining a 4.0 GPA throughout college; participating in the Lubar College of Business’s selective Scholars Program; completing UW–Milwaukee’s Honors College Program; and receiving numerous scholarships, including the WICPA Educational Foundation’s Roger Buchholz Memorial CPA Scholarship.
Hovhannisyan will receive her master’s degree from UW–Milwaukee in May 2025.
We are the biggest project we’ll ever get to work on, so the better we can get to know ourselves, the more we can embrace our strengths as well as the parts that still need improvement.”
“But what I’m most proud of isn’t captured on the résumé,” she said. “It’s the process, the journey — how far I’ve come and how much I’ve learned. It’s the commitment that has gone into every assignment, the resulting growth and experience, and the relationships I’ve built along the way.
“We are the biggest project we’ll ever get to work on, so the better we can get to know ourselves, the more we can embrace our strengths as well as the parts that still need improvement. The journey is so much more meaningful and memorable when we craft our lives intentionally.”
Career beginnings
Hovhannisyan temporarily returned to Armenia in June 2022 at the close of her internship with Northwestern Mutual. During her time away, the company hired her as an investment accounting specialist on the alternative investments team. Upon her return to the U.S., the company announced a $500 million renovation of its North Office Building, and Hovhannisyan’s team played a role.
“We were the accounting team for real estate investments, and it was very exciting to be part of those initial conversations,” she said. “I remember setting up the construction-in-progress account for the building and seeing those initial invoices come through. The connection that came by walking around the building and witnessing different projects taking place brought everything into perspective and made what I was doing feel even more meaningful.”
Elen’s Tips for Approaching the CPA Exam
Success begins with the proper mindset.
Commit fully. Stick to your study plan and aim to improve every day. Small improvements can make a significant difference. 1 2 3
Determine your “why.” Why do you want to pursue the CPA credential? There will be challenging times throughout the journey. That reason will give you the courage and strength to keep going. And it will make those three letters — CPA — much more meaningful.
Consider the big picture, not just the “pass” score. Years down the road, it won’t be the score but the knowledge you gained that matters.
Since April 2024, Hovhannisyan’s focus has been on traditional securities, stocks and bonds.
The constant in Hovhannisyan’s plan has been becoming a CPA. “Obtaining the credential can lead to impactful change,” she said. “You become a better version of yourself during the journey, and the knowledge you gain allows you to provide value to your team, your organization and your profession.”
Hovhannisyan took the CPA Exam before she entered graduate school — and passed all four parts on the first try. After applying for licensure, she passed the ethics exam this spring.
The journey continues
In the short term, Hovhannisyan is focused on her current role, commencement and continuing her career as a CPA. Long term, however, she will pursue leadership opportunities. “It would allow me to give back by sharing my experiences and mentoring those who are just starting out,” she said. “I have a passion for teaching, so if there is an opportunity in academia in the future to contribute to students’ learning and
help them discover accounting, I would love to do that in addition to my job in accounting.”
This goal is inspired in part by the value she received from her mentoring relationship with Ally Hofstede, CPA. Hofstede is the daughter of WICPA President & CEO Tammy Hofstede and was working for KPMG in Switzerland.
“Despite her busy schedule, she took the time to answer my questions,” Hovhannisyan said. “She shared her experiences in public accounting — doing what she loves in a different country and setting. She’s a testament to taking a risk and trying something new, something bigger.”
As a new, multilingual CPA, Hovhannisyan is also open to something bigger on the international stage. “I came to another country and saw how beautiful it can be to discover a new culture, try new things and meet new people,” she said.
“We’ll see where this journey takes me next.”
Zalewski is a freelance writer and editor based in Richfield. Contact her at sharonzalewski141@gmail.com.
THURSDAY, APRIL 24
SCHEDULE
5:30 p.m. Check-in
6:00 p.m. Bowling
8:00 p.m. Awards & Prize Drawings
104 PERSON LIMIT
$35 per Bowler
$140 for 4-Person Team
REGISTRATION INCLUDES
3 Games of Bowling
Shoe Rental
Food & Beverages
EVENT AWARDS & PRIZES
$250+ in Team Awards & Prizes
$100+ in Individual Prizes
Bowling Gift Card Package
Sharon
A GREAT WAY FOR WICPA MEMBERS TO COLLABORATE
WICPA Connect is your exclusive members-only networking and knowledge base designed to connect you with WICPA members and resources.
• Network with peers and grow your contact list using the member directory of more than 7,000 members.
• Post questions to find out from fellow members who have the expertise or may have been in the same situation.
• Personalize your profile by adding your interests, education, experience, honors and even your photo.
• Contribute and download resources such as documents, whitepapers, articles, reports, guides and more.
• Share your knowledge and expertise by answering questions and offering your insights and ideas to fellow members.
• Customize your experience with controls for profile visibility, discussion signatures, notifications and more.
As a WICPA member, you already have a profile on WICPA Connect. Simply go to wicpa.org/connect and sign in using your existing website login information.
Connect with thousands of fellow members now at wicpa.org/connect
Acing the Scholarship Process
From applications to thank-you notes
Applying for a scholarship is a lot like applying to a college — the exact process often varies, and you want to read the directions carefully. One scholarship may be all about your GPA, while the next is more interested in your extracurriculars. Knowing the priorities going in can keep your application on track.
Here are some tips to help with the application process.
Tip #1: Find the scholarships
Finding scholarships can be challenging, and many students get hung up here by how many opportunities are out there and the number of applicants with whom they are competing. WICPA.org makes it easy to find scholarships specifically for accounting majors. You can also try other free sources of information to find money for school, such as your college financial aid office and online search tools.
Tip #2: Look professional
How others perceive you online is just as important as writing a compelling application essay. Ensure your online identity is communicating a positive perception by auditing your online presence. Start with removing any inappropriate material from your social media profiles. Haven’t updated your email address since middle school? Get a separate account for official business. The same goes for your voicemail recording: Professionalism matters.
Don’t stop there — thoroughly review your application for proper grammar. If you upload any supporting documents, keep the file names professional.
Tip #3: Choose references wisely
If the scholarship you are applying for requires a letter of recommendation, you will want to carefully consider who to ask as your reference. It’s best practice to select a professor or a professional contact, such as your club advisor, leader of your community volunteer organization or internship supervisor, who can vouch for your work ethic, intellect and ability.
Try these strategies to improve your chances of getting a “yes” from your potential reference:
• Ask in person if possible — it will show that you’re truly committed. If that can’t happen, pick up the phone and call. Use email as a last resort.
• Provide as much information as possible. What program are you applying for? Can the reference be completed online, or should they write a letter? What’s the due date? It’s also good to send them your résumé to remind them of your experience and highlight your strengths.
• Say thank you! Once they agree, send the individual a handwritten note or email to let them know you are grateful for their time and effort.
Tip #4: Know your audience
Scholarship providers often are awarding financial support based on professional or personal passions. To set yourself up for the best opportunity to succeed, research the organization or individual who is funding the scholarship and why they’re interested in helping students. Read their mission statement to identify keywords, and incorporate those into your
How others perceive you online is just as important as writing a compelling application essay.” “
application. If the information isn’t easily accessible on the organization’s website, call the organization to gain clarity.
At the WICPA, we offer several scholarships for Wisconsin residents (see sidebar) because we want to help accounting students who want to be CPAs.
Tip #5: Be passionate
The essay portion of the application is the opportunity to distinguish yourself as an individual with unique interests and abilities. Here are a few prompts you may expect to answer:
• What do you enjoy doing in your free time?
• What experiences have shaped you as a person?
• Have you traveled to another country? Do you speak any foreign languages?
• Are you a refugee? The first in your family to attend college?
• What have your leadership activities, honors, internships taught you?
Be authentic. Talk about your favorite high school teacher who inspired you to pursue accounting. Describe the joy that you feel overseeing the finances for your environmental club. Writing about something you’re passionate about will not only be easier for you to write, but it will also be easier for the reviewer to read. While it may be simple to get carried away with your essay(s), don’t forget to adhere to the word count requirement.
Tip #6: Proofread, proofread, proofread
Spellcheck is a useful tool, but it will not save you from writing “effect” when you meant “affect.” And that can affect your success here. Find at least one proofreader, preferably someone with some editing or writing experience. Ask your English professor, your peer and even a family member to review your essays. Some colleges and universities also offer writing centers as a free resource for students. It’s always beneficial to have multiple perspectives.
Tip #7: Submit your application early
Most scholarships have strict deadlines — avoid missing them by submitting your application early. Some programs allow changes up to the deadline so that you can edit or add anything you missed before it’s too late. Applying early also means you’ll prepare for problems that may arise with the site, the internet connection or your computer.
Tip #8: Say thank you
A polite email or handwritten thank-you note expressing gratitude for the reviewer taking time to review your application will go a long way.
Tip #9: Stay in touch
Earning a scholarship can be an excellent networking tool. Like anyone else, organizations and their boards of directors like to see a return on their investment. Stay in touch; let them know that they made the right decision to invest in your education. You might be surprised how much additional assistance they can provide down the road.
Ready to start putting these tips into practice? Start applying for scholarships today.
Through member donations and memorial funds, the WICPA Educational Foundation awards several $3,000 scholarships. Scholarships are awarded based on academic achievement, volunteering activities, a personal statement and letters of recommendation.
Applications for WICPA Educational Foundation scholarships for the 2025–2026 academic year must be submitted by March 7, 2025. Recipients will be announced and notified in April, with scholarships distributed by September. Apply for WICPA
Apply online at wicpa.org/ scholarships.
WELCOME STUDENT MEMBERS NEW
Chassidy G. Anderson
Menomonee Falls High School
Alexander P. Anewenter
Port Washington High School
William Bailey UW–Platteville
Michael D. Brierton
Nicholas Burgher UW–Platteville
Vong Chang
Gino Colangelo
Charles L. Coons
Menomonee Falls High School
Jenna N. DAntonio
Sophie Dettlaff
UW–Stevens Point
Oreoluwa O. Durojaiye
Menomonee Falls High School
Nathanial J. Edwards
Port Washington High School
Hope L. Gilhooly
Port Washington High School
Shelby M. Gooden
Johnathan Hedrington Carroll University
Kyle A. Helminger
Dylan J. Jagodinski
Menomonee Falls High School
Lana Javor
April Kaczor Lakeland University
Finnian J. Keila
Menomonee Falls High School
THURSDAY, MARCH 20
Isaac Krumbein
Jexen Stietz
Nolan D. Weiss
The Ethical Job Search:
Why Honesty and Transparency Matter
By Bella La Brasca and
Shannon Murphy
Entering the job market can be daunting, and every move can feel critical. You’ve worked hard for your degree, you’re eager to start your career, and you might be tempted to do whatever it takes to get that dream job — whether it’s embellishing your experience, exaggerating a skill or tweaking a few details on your résumé.
Here’s the truth: Honesty and transparency in your job search aren’t just “nice-tohaves.” They’re essential elements of building a lasting, successful and fulfilling career. Being ethical in your job search doesn’t just make you a better candidate; it also lays a foundation for personal integrity that can guide your career for years to come. Here’s how staying honest and ethical impacts your long-term success.
“
Building trust from the start
Honesty in the job search starts with a truthful résumé, a clear cover letter and honest answers in interviews. While it might seem harmless to round up your GPA, indicate you were a group project leader instead of just a participant, or stretch a one-month internship into three, these “little” lies can lead to big consequences. Employers who find out you’ve misrepresented yourself may view you as unreliable or, worse, unethical.
All recent graduates have gaps in their skill sets. Employers expect this. If a job requires a particular skill you don’t have yet, don’t pretend to be an expert in it. By misrepresenting your skills, you might struggle to keep up with the job’s demands. Instead, show your potential by being upfront about your experience and willingness to learn. For example, you could say, “I don’t have hands-on experience with this software, but I’m a quick learner and was exposed to similar software in my coursework.”
When you’re transparent, you show a hiring manager that you can be trusted. Being honest also lets you bring your real knowledge to the table,
Honesty and transparency in your job search aren’t just ‘nice-tohaves.’ They’re essential elements of building a lasting, successful and fulfilling career.”
giving you a stronger foundation to talk about your skills and experiences with confidence. By demonstrating your desire to learn and being upfront about your strengths and weaknesses, you are setting yourself apart in a positive way.
Maintaining open communication
We often hear about hiring managers “ghosting” candidates, but candidates can be guilty of this as well. Ghosting potential employers during the interview process, even if you’ve decided to accept a different position, can have long-term consequences for your career.
The accounting world, like many industries, is interconnected: Building a reputation around
professionalism and honesty is critical. When you communicate openly and respectfully, you leave a positive impression that could lead to future opportunities, even with companies you choose not to join now. Imagine that you’re interviewing for a dream job two years from now, and someone from your first company remembers you as a dedicated, trustworthy team player. Those positive impressions can give you a leg up against other candidates. By prioritizing ethical behavior early on, you set yourself up for professional respect and more genuine connections down the road.
Juggling multiple opportunities
Navigating multiple interviews and offers can feel overwhelming, but handling this process professionally is key to ensuring you make the best decision for your career. If you’re waiting for an offer from a preferred employer and have another offer in hand, timing and communication are critical. First, express gratitude for the offer you’ve received, but don’t rush into accepting it if you’re still considering other opportunities. Politely ask for a deadline extension if needed, explaining that you’re thoughtfully evaluating all options to ensure the best fit for both you and the company. Most employers appreciate candidates who make well-considered decisions. Alternatively, most employers will remember candidates who rescinded an offer acceptance, which can contribute negatively to their professional reputation.
Your reputation is one of your most valuable career assets, especially in today’s connected world.” “
As you evaluate your options, stay transparent with other potential employers about your timeline. Without pressuring them, let them know you’re actively interviewing and have other offers in play. This can sometimes accelerate their decision-making process. However, avoid using one offer as leverage to demand immediate decisions or better terms, as this can come across as insincere. Above all, stay professional and organized — track deadlines, maintain clear communication and approach each step with integrity. Your goal is not only to secure the right role but also to leave a lasting impression of professionalism with all parties involved.
Why ethics always pays off
Being honest about your skills, values and aspirations also helps you find a role that’s truly the right fit. If you pretend to be someone you’re not to land a job, you might end up in a position that
doesn’t align with your values, skills or interests. Being clear about what you’re looking for allows you to connect with companies that genuinely appreciate your strengths and potential, leading to a better work experience and greater job satisfaction.
Your reputation is one of your most valuable career assets, especially in today’s connected world. Industry professionals, recruiters and managers often network across companies, and the way you present yourself in one position can follow you to your next. A reputation for honesty and integrity can open doors in ways you might never expect.
Bella LaBrasca and Shannon Murphy are recruiters at Truity Partners who place finance and accounting candidates in permanent positions throughout the Milwaukee area. Contact them at Bella.LaBrasca@truitypartners.com and Shannon.Murphy@truitypartners.com.
Audit Gateway Program Prepares Accounting Students for Department of Revenue Careers
By Jennifer Dambach, CPA
College students majoring in accounting often compete for limited internships to apply the accounting principles and theories they have learned prior to graduation. The Wisconsin Department of Revenue’s (DOR) innovative Audit Gateway Program is a new approach to provide future accountants with hands-on experience outside the classroom, serving as a springboard to a successful accounting career.
Launched in 2021, the multiyear training program qualifies students for careers as revenue auditors in the Income, Sales & Excise Tax Division upon graduation.
Tuition reimbursement for on-the-job training
The DOR works closely with Wisconsin technical colleges to recruit individuals with an associate degree in accounting for the Audit Gateway Program. Candidates must be enrolled in an accredited college or university and pursuing a bachelor’s degree in accounting. Individuals selected for the program are employed as auditor trainees in either the Milwaukee or Madison district office. They must work 40 hours per week during the summer and a minimum of 24 hours per week during the school year while completing coursework. Up to six hours of study time is available per week.
Training is conducted both in person and virtually. Students learn tax laws and auditing techniques and have opportunities to job shadow and assist with audits completed in multiple tax areas. Additionally, they can
“
The Wisconsin Department of Revenue’s innovative Audit Gateway Program is a new approach to provide future accountants with hands-on experience outside the classroom, serving as a springboard to a successful accounting career.”
network with individuals who have completed the program. In return, the DOR provides tuition assistance for up to three years toward the completion of a four-year degree in accounting — including laboratory costs, books and fee expenses up to $10,000 per year.
Many Gateway Program auditors say these cost savings are the only way they could have afforded a four-year degree, which pays additional dividends upon graduation: Studies show that an accountant with a bachelor’s degree typically earns as much as 20% – 30% more in annual salary than an accountant with an associate degree. This pay discrepancy is largely attributed to the fact that a bachelor’s degree creates opportunities for higher-level roles and responsibilities,
while graduates with an associate degree are often relegated to entry-level bookkeeping roles initially.
In addition to the education stipend, candidates receive a generous benefits package, which includes paid time off, wellness opportunities, professional development, loan forgiveness, health benefits and Wisconsin Retirement System (WRS) benefits.
Candidates must sign an agreement to meet certain criteria, including:
• Maintaining a passing grade equivalent to a C or better in each course.
• Receiving an overall satisfactory rating on performance evaluations.
• Completing a bachelor’s degree within three years of enrollment in the program.
Prior to graduation, the candidates apply for auditor positions and must stay with the DOR full time for three years. The DOR will recover all tuition costs paid by the department from candidates who fail to comply with these requirements.
Participant sings program’s praises
Brian Janicki is a current Audit Gateway Program participant and auditor trainee. He appreciates the combination of real-world experience, tuition reimbursement, work-life balance and benefits the program provides as he works toward his bachelor’s degree.
“The Gateway Program is an amazing jump start for a wonderful career working for the Wisconsin Department of Revenue,” he said. “The three years of allotted time and the flex schedule designed within it allows you to continue your education, earning a bachelor’s degree in accounting. This allows you to be able to work at the same time, gaining experience in the auditing field of accounting.”
Janicki didn’t have to give much thought to applying for the program. The tuition reimbursement alone made the choice a “no-brainer,” but there were other contributing factors, as well.
“The work-life balance is superior to any other place out there,” he explained. “I have never had a job that allowed me to have a life outside of work spending
came up — which is especially valuable if you have children and/or take care of a loved one. And the benefits you receive working for the Wisconsin Department of Revenue are excellent. It’s such a relief to have great insurance and peace of mind.”
Five students graduated from the inaugural class in 2023, and four more graduated in 2024. Senior leadership and other DOR staff celebrate their accomplishments during a graduation ceremony each spring. Six months prior to receiving their accounting degrees, program participants are free to apply for auditor positions in any tax type at any of nine DOR offices located in Wisconsin, Illinois and Minnesota. All nine program graduates have gone on to accept accounting positions with the DOR, and the program is being hailed as a win-win.
“It’s still surreal for me to believe that I have been given this wonderful opportunity,” Janicki said, reflecting on his experience. “I truly admire the Gateway Program, the whole staff at the Wisconsin Department of Revenue and the amazing auditors/mentors I work with daily. This program has changed my life.”
Application information
Applications for the Audit Gateway Program are posted in the fall, with a start date the following May. Current opportunities are posted on wisc.jobs. Application periods remain open until all available slots have been filled.
“
I truly admire the Gateway Program, the whole staff at the Wisconsin Department of Revenue and the amazing auditors/mentors I work with daily. This program has changed my life.”
— Brian Janicki
The application period for auditors is now open, and students who will be graduating within six months are encouraged to apply for the next class, which starts in summer 2025. Job descriptions and application instructions can be found on wisc.jobs.
Jennifer Dambach, CPA, is deputy administrator, Income, Sales and Excise Tax Division, for the Wisconsin Department of Revenue. Contact her at jennifer.dambach@wisconsin.gov.
DESTINATION CPA
A regular feature profiling young professionals who provide their insights about what it’s like to work as a CPA in public accounting or industry
Beth Hedges, CPA
Job title: Accounting Director
Employer: Madison Community Foundation
What influenced your decision to become a CPA?
After my first internship, I could envision myself working in public accounting, but I wasn’t sure if I wanted to do that forever. The CPA designation was a way for me to open doors for myself — whether I wished to stay in public accounting or move elsewhere down the road.
How did you complete the 150 hours necessary to take the CPA Exam?
I needed accounting credits to sit for the CPA Exam, so I opted to complete the University of Southern California’s one-year Master of Accounting (MAcc) program. This was a great choice for me because it kept me in “study mode” and gave me a phenomenal network of peers.
What are some dead-wrong assumptions people make about CPAs?
We aren’t all people-avoidant introverts! My favorite parts of my jobs have been my colleagues and clients.
What’s the best part about your current job?
There are many aspects I enjoy, so it’s hard to pick just one! I review every grant that goes out the door. While I have a heavy workload at times, it’s nice to be connected to the heart of the foundation’s work.
How did you find your first job out of college?
I went to a few career fairs to connect with local accounting firms, but my college’s career center and accounting professors were my best resources. They helped me find my start in public accounting, and I later transitioned to a role that better suited my interests.
What was your first year like?
Moving from academics/theory to practicing accounting had a steep learning curve, but people wanted me to succeed. I had to be willing to ask lots of questions, admit when I didn’t know something and remain open to learning.
What surprised you the most when you started your job?
The CPA credential was a bigger deal to my employer than I thought it would be. I understood that it would open doors for me, but I didn’t realize how it would help my résumé stand out from the crowd.
What’s the best thing about being a CPA?
CPAs are continually learning (whether due to required CPE or other types of training). Studying for and taking the CPA Exam helps develop a problemsolving mindset.
What do you like most about the organization you work for?
Madison Community Foundation exists to advance a more vibrant and equitable community. It’s a privilege to work at an organization with this mission. It’s also nice being in an office where we know and genuinely care for one another.
What do you do outside of work? Do you have any hobbies or special interests?
I try to keep up with my husband and our two dogs. We’re often at dog parks, fishing on the lake or taking a weekend road trip. I enjoy international travel and have taken several solo trips.
What are your goals for the future?
In any position, it’s important that I have room to develop and take on new challenges. Madison Community Foundation continues to grow and become more complex, so I imagine there will be opportunities to grow alongside the organization for many more years.
April Madsen, CPA
Job title: Senior Accountant
Employer: KerberRose S.C.
What influenced your decision to become a CPA?
My decision evolved over time. I wanted to be in a field where I could help educate and empower people to make better financial decisions. As I progressed academically and professionally, my confidence grew along with the desire for more challenging work.
How did you complete the 150 hours necessary to take the CPA Exam?
Attending Northeast Wisconsin Technical College and Lakeland University, I earned my MBA over a span of 10 years by utilizing remote campus locations and online learning options. Both schools offered great opportunities for adult learners like me to earn our degrees at our own pace while balancing work and family life.
What are some dead-wrong assumptions people make about public accounting?
That CPAs know everything about accounting. The ability to find answers and communicate them to your client is really the most important part.
What’s the best part about your current job?
The culture, flexibility and growth opportunity. Everyone is helpful, whether by answering questions or connecting me with someone else who can help. It’s not a “you versus me” environment — everyone helps each other work toward their goals and offers encouragement along the way. There’s space for all to be successful.
How did you find your first job out of college?
I put myself out there, utilized connections and contacted a firm to see if any opportunities to gain work experience (to meet the requirements of the CPA license) were available. I was willing to take any opportunities offered. This “chance” ended up being three wonderful years at that firm.
What was your first year like?
My first year as a CPA was very educational. Although it was overwhelming at times, especially during my first full-on tax season at a larger firm, my co-workers and
leaders really supported me with one-on-one trainings, additional educational opportunities and encouragement. Everyone was so helpful and responsive.
What surprised you the most when you started your job?
How long it takes to really learn how to use new software applications! Even one year after my start date, I’m still learning the various features.
What’s the best thing about being a CPA?
The challenges and opportunities available. Getting to know people and their situations, and becoming a trusted advisor who helps clients come up with solutions that improve their quality of life and help them reach their goals. It’s rewarding seeing clients grow — and feel empowered as they learn more, too.
What do you like most about the organization you work for?
The people and culture across the firm. Also, the growth opportunities make the position more fluid as life evolves and my goals change. It’s helpful to have the opportunity to be exposed to other areas in accounting without having to commit to one specific niche as your permanent role.
What do you do outside of work? Do you have any hobbies or special interests?
My husband and I travel with our son to cheer him on during local, state and national wrestling tournaments. We also do some leisure traveling and particularly love St. Lucia. Some of my hobbies include kayaking, cycling, running, hiking, crocheting and working on puzzles.
What are your goals for the future?
Continue to build relationships with co-workers and clients and advise and educate others to make financially healthy decisions to achieve their goals. I’d also like to pay it forward by becoming more involved in helping those interested in the industry get started and supporting them along the way.
Holden S. Schultz, CPA
Job title: Senior Accountant Employer: Fiserv Inc.
What influenced your decision to become a CPA?
I’ve always been fascinated by numbers and the way they tell stories about organizations. Accounting is essentially the language of business, and I wanted to be fluent in it. The CPA designation represents a high level of expertise and professionalism in the field, and I was attracted to the challenge of becoming one.
How did you complete the 150 hours necessary to take the CPA Exam?
As opposed to getting a master’s degree in accounting, I pursued a double major in accounting and finance during my undergraduate studies. Finance — being more geared toward future projections and planning — paired perfectly with accounting, which shows a snapshot of what has happened in the past.
What are some dead-wrong assumptions people make about CPAs?
That we are boring number crunchers in a cramped closet office. In reality, we’re analytical problem-solvers who use numbers to tell stories and drive strategic decisions. We’re often involved in complex projects and have pivotal roles during meetings with the leadership team.
What’s the best part about your current job?
The best part of my current role is the opportunity to tackle complex financial challenges and provide solutions based on what I believe achieves the best outcome. I enjoy the intellectual stimulation of analyzing problems, applying critical thinking skills and developing strategies that drive positive business outcomes.
How did you find your first job out of college?
I believe it was either on Handshake or a similar job board, such as LinkedIn.
What was your first year like?
As most college graduates would say, it was exciting yet challenging. Going from structured classes
with a defined syllabus to a 40-hour work week with responsibilities was a bit of a culture shock. But, unlike in college, I was getting compensated for my efforts, which was refreshing and motivating.
What surprised you the most when you started your job?
One of the biggest surprises when I started my job was the level of autonomy and trust afforded to me. I anticipated a more structured and closely monitored work environment; however, I realized that I was empowered to take ownership of my tasks, make independent decisions and manage my time effectively.
What’s the best thing about being a CPA?
The best part is the flexibility offered. Becoming a CPA offers numerous opportunities outside the most thought of careers such as tax, audit and corporate accounting. You can more easily pivot and transition into other roles such as financial analysis, consulting, government, and data analysis. It also adds to the prospects of starting your own firm, among other career options.
What do you like most about the organization you work for?
The endless opportunities. Fiserv’s commitment to innovation and its position at the forefront of the fintech industry allow for significant professional growth and development. As you begin to tackle larger projects, you can see that your contributions impact strategic decision-making.
What do you do outside of work? Do you have any hobbies or special interests?
Outside of work, I enjoy running, documentaries and hanging out with fellow maximizers and guardians of shareholder value.
What are your goals for the future?
Currently, my long-term goal is to continue to progress within the company. The end goal is to assume a leadership role, such as vice president.
Note to Self
Note to Self is a column in which CPA professionals write notes to their college-student selves to give them a glimpse of their future. In this issue, Dave Laske, CPA, MST, a principal at Sikich, pens a letter to his younger self. Dave graduated from Carroll University with a Bachelor of Science degree in accounting and business in 1986 and from the University of Wisconsin–Milwaukee Lubar School of Business with a Master of Science degree in taxation in 1991.
Dear College Student Dave,
Remember that movie that first came out last summer, called Back to the Future? As your college days draw to a close, I’ve been granted the opportunity to share some insights into how things will turn out for you.
First — I hope you’re sitting down for this — your alma mater, Carroll College, is now known as Carroll University! Be grateful for the education you receive there; your double major in accounting and business was a smart choice.
Additionally, your membership in the Delta Rho Upsilon fraternity will be the source of many lifetime friendships.
After graduating from Carroll, your first summer will be challenging. You will devote it to studying for the CPA Exam. Taking the Fischer-Taylor CPA Exam Review Course will be a wise move. Consuming an entire Tombstone double-stuffed pizza to celebrate completing the three-day exam? Not so much.
You will remember how much you enjoyed working in the controller’s office at the Milwaukee law firm of O’Neil, Cannon, Hollman, De Jong & Laing S.C. during high school and college. You will be fortunate to have had that position, in which you learned to work in a highly professional environment and a great deal more — and you will come to revere your mentor, Leo Damge. After your stint at the law firm, you will follow Jim De Jong’s advice to explore an opportunity to grow professionally by pursuing a position in the newly established Tax Department at Kolb Lauwasser & Co. S.C.
Consider yourself blessed that Kolb takes a chance on you and hires you in 1986. There, you will receive good advice from your professional mentors, Tom Luken and Mark Miller, to pursue your master’s degree in taxation at UW–Milwaukee. The program has an outstanding reputation and will help accelerate your technical development. Along with Jim Brandenburg, Mark Sobczak and others, Tom and Mark will serve as tremendous role models for you in your career.
Don’t think twice about your selection of a “local” firm. Kolb’s comprehensive and coordinated service model will afford you opportunities to grow into a tax and business advisor to closely held companies and business owners. Remember these clients — many of whom you’ll work with for decades — when you reflect on those to whom you owe a debt of gratitude. They will entrust you with opportunities to assist and advise them and, in the process, grow.
You will progress at Kolb and ultimately be admitted as a shareholder in 1997. Then, in 2013, Kolb will become the Milwaukee office of Sikich LLC, a global firm providing technology-enabled solutions and a diverse portfolio of accounting, tax, advisory, technology and managed services
across a variety of industries, businesses and geographies. This move will see the firm progress from the full-service model of Kolb to the multidisciplinary model of Sikich. As a partner/ principal of Sikich, you will continue to be blessed with amazing role models; tremendous partners, colleagues and teammates; and incredible clients. It will be rewarding to see that the tax and financial analysis skills and experience you’ve gained enable you to give back to the community, including in your 10-year role as a member of the Milwaukee Catholic Home’s board of directors.
Through the years, your wonderful wife, Sherry, and children, Gabby and Jake, will love and support you. Be sure to thank the good Lord for them — your inspiration!
Sincerely,
Future Dave
Building Your Network:
Why LinkedIn Is a Game Changer for Students and Young Professionals
As someone who has benefited from both traditional and digital networking, I’ve seen firsthand how LinkedIn can open doors. By sharing some examples of how this relationship-building platform has influenced my career — and tips for how to use the tool effectively — I hope you will see it’s not too early to start using LinkedIn; it can help you throughout your career.
LinkedIn in action
Early in my career, LinkedIn allowed me to connect with mentors who helped guide me through critical decisions. Later, it became a platform where I could share my achievements and build relationships with like-minded professionals who share similar goals and ambitions.
LinkedIn also played a pivotal role in growing Novii CPA, helping me build relationships with clients and collaborators who shared my vision. These connections led to incredible milestones, such as
being named one of the Top 50 Women in Accounting by Ignition and receiving the 2024 AICPA Outstanding Young Professional Award. These successes didn’t happen in isolation — they were the result of meaningful relationships built over time, nurtured through intentional outreach and consistent engagement.
One of the most impactful connections I made was at an in-person networking event in Madison. While there, I met an interesting professional who studied engineering and was the vice president of research and development at his company. Since I also studied engineering in college, we hit it off immediately. Before the event ended, I reached out to him on LinkedIn to stay in touch. A couple of weeks later, we grabbed a cup of coffee to chat more about science and shared professional interests.
Months later, when I launched Novii CPA, he saw my new venture on LinkedIn. Recognizing an opportunity, he introduced me to the chief financial officer of his company. This introduction led to a proposal, and shortly after, we secured one of our largest engagements to date. This experience highlighted the value of nurturing relationships both online and offline — it’s not just about making a connection but also about fostering genuine relationships over time.
Developing mentor relationships
Another anecdote involves one of my mentors, Steve Pullara, the past chair of the WICPA board of directors. I knew of him from his work at the WICPA, but we had never met in person. I invited him to connect on LinkedIn, and we later met in person at a WICPA event. After that, I stayed in touch, engaging with his posts on LinkedIn and reaching out to schedule coffee chats.
Our consistent communication turned into a strong mentorship. Steve and I now meet monthly, and he has been an incredible source of advice and support throughout my career. Even more impactful, Steve referred a contact to me who became my very first client, which became a foundational moment for Novii CPA. These stories are reminders that the combination of in-person connections and LinkedIn follow-through can lead to transformative opportunities.
Maximizing connections
LinkedIn’s potential goes beyond personal connections — it’s also a powerful tool for business
The combination of in-person connections and LinkedIn follow-through can lead to transformative opportunities.” “
growth. For example, Novii CPA secured its first international client through LinkedIn. By connecting with investors in our current clients’ networks, we were able to establish relationships that kept us top of mind when those investors worked with other portfolio companies. When one such company required the services we provide, an investor reached out to us, and the company became our client. These introductions demonstrate how LinkedIn can amplify your reach, especially when your network actively advocates for your services.
To make networking seamless, I recommend incorporating LinkedIn QR codes into your presentations and keeping one readily available on your phone. This small but impactful step allows others to easily connect with you on the spot, eliminating barriers to follow-up. Whether it’s during a speaking engagement or at a casual meetup, making it easy for people to add you to their network ensures you don’t miss out on valuable connections.
For students and young professionals, navigating the early stages of a career can feel daunting, especially in a world where remote work has reshaped how we connect. LinkedIn offers an accessible way to build relationships and create opportunities that might otherwise be out of reach. Whether you’re showcasing your accomplishments, learning from industry leaders or seeking mentorship, LinkedIn has become an essential tool for career growth.
Building relationships
In a remote-first world, networking has shifted from handshakes to clicks, but the core idea remains the same: building relationships. Virtual events, webinars and online career fairs provide new ways to interact with peers and professionals. Following up is key — sending personalized messages after these interactions shows initiative and leaves a lasting impression.
Engaging thoughtfully on LinkedIn also helps you stand out. By posting your own insights or commenting on others’ posts, you signal that you’re an active participant in your industry. Regular activity helps you stay visible and relevant in a competitive digital space, especially when recruiters and potential collaborators might be searching for someone with your expertise.
Get started!
Take the following three steps to use LinkedIn effectively:
1. Optimize your profile. Your profile is often the first impression you’ll make, so make it count.
“
In a remote-first world, networking has shifted from handshakes to clicks, but the core idea remains the same: building relationships.”
Use a professional photo, write a compelling headline and craft a well-thought-out summary that tells your story. Highlight your academic projects, internships, leadership roles and skills to showcase what sets you apart. Even if you’re just starting out, don’t underestimate the value of your experiences. For example, a part-time job, volunteer work or a group project can demonstrate your work ethic, problem-solving skills and ability to collaborate with others. These are qualities that employers and industry leaders look for in potential connections.
2. Engage regularly. Share articles, “like” posts and comment on industry news to establish your voice in the professional community. Write posts about your experiences, whether it’s a
project you’re proud of, a lesson learned or insights from an event you attended. Thoughtful contributions signal that you’re not just present on the platform — you’re paying attention and adding value to the conversation.
3. Connect strategically. Expand your network in meaningful ways by reaching out to classmates, professors, alumni and professionals with personalized messages explaining why you’d like to connect. Avoid sending generic connection requests; instead, mention a shared interest, mutual connection or something specific about their profile that caught your attention. Specificity shows genuine interest and increases the likelihood of a positive response.
Don’t wait to build your presence on LinkedIn. With every thoughtful interaction, you’re investing in your future. Start small — optimize your profile, engage regularly and connect strategically. Over time, your network will evolve into a source of opportunity, inspiration and support.
Over time, your network will evolve into a source of opportunity, inspiration and support.” “
Networking, whether online or offline, is about more than exchanging business cards or connection requests. It’s about building relationships, sharing knowledge and contributing to a community. By combining the immediacy of in-person interactions with the long-term engagement LinkedIn provides, you can unlock opportunities that support your growth and empower you to pay it forward.
Victoria Thayer, CPA, is CEO and founder of Novii CPA LLC in Madison. Contact her at vthayer@noviicpa.com.
Aspire. Inspire.
On campus. Online. Or even while they are still in high school, Wisconsin’s largest business school has accounting programs that meet students in the life they live, to pursue the future they want. Learn more about UW-Whitewater’s award-winning accounting department by visiting uww.edu/cobe/departments/accounting.
Maximizing Your Mentor Experience
By Sara Davis
You’ve made a lot of important decisions over the past few years: Which major? What college? You will make even more impactful choices in the coming years: Public accounting or industry? Big Four or local firm? MAcc or MBA … or neither? While your professors and family members can offer valuable (and oftentimes unsolicited!) advice on these life choices, a mentor can provide a different perspective on your career development.
What can a mentor do for you?
Mentors, especially those with experience in the accounting field, can provide valuable career advice, helping students understand various career paths, such as public accounting, corporate finance and auditing. They can share their own experiences and give guidance on how to navigate the industry effectively.
Mentors have established professional networks. Through their connections, students can gain access to internship opportunities, job leads and industry events.
Mentors can offer insights into real-world applications of accounting principles, bridging the gap between classroom learning and practical work. This hands-on advice helps students develop technical skills and problem-solving abilities relevant to future roles. The journey through an accounting program can be stressful and challenging. Mentors can offer emotional support, encouragement and motivation, helping students stay focused and resilient when faced with obstacles.
Mentors can help students set realistic career goals, stay on track for certifications and educational hour requirements, and understand the importance of continuous professional development.
Mentors can offer insights into real-world applications of accounting principles, bridging the gap between classroom learning and practical work.” “
How can you find a mentor?
If you’re convinced that a mentor can help with your career development, let’s get started! Finding a mentor requires proactive effort, networking and strategic outreach. Here are eight effective ways to find a mentor in the accounting field.
1. Leverage your college or university resources. Many colleges offer mentorship programs through their career services department. These programs connect students with alumni or professionals in their field. Additionally, your
accounting professors often have deep industry experience and connections. Approach them after class or during office hours to ask for guidance or to be introduced to potential mentors. You might also join the Beta Alpha Psi chapter at your college or university and other on-campus accounting or finance clubs that offer networking events and mentoring programs.
2. Utilize professional accounting associations. The Wisconsin Institute of CPAs (WICPA) offers free student memberships, which provide a collection of benefits, including this magazine, networking opportunities, educational savings, leadership development and more. The American Institute of Certified Public Accountants (AICPA) also has free college student memberships that offer mentorship programs and events — such as conferences, webinars and workshops — where students can meet experienced professionals. The Association of International Certified Professional Accountants’ (AICPA-CIMA)
ThisWayToCPA.com website is also an excellent resource for students. The Institute of Management Accountants (IMA) and other organizations also provide student mentorship initiatives.
3. Participate in networking events and informational interviews. Attend accounting industry events such as job fairs, professional conferences and industry-specific seminars to meet potential mentors and build your professional network. Reach out to professionals you admire and request an informational interview. This is a great way to build a relationship and explore potential for a more formal mentorship. Be prepared to ask insightful questions about the person’s career path and industry experiences.
4. Tap into online tools. LinkedIn is essential for young professionals and a terrific way to connect with others in the accounting field. Engage with content and post questions to start building relationships. Use LinkedIn’s Alumni Tool to search for graduates from your school who are in accounting roles. Send a polite and personalized message asking for career advice or mentorship. Be specific about what you’re seeking and how they can help.
5. Explore dedicated mentorship platforms. Meetup, MentorCity and others connect mentors and mentees across industries, including accounting. These platforms facilitate both short- and long-term mentorship opportunities through structured goals and activities.
6. Maximize your internship. Completing an internship is one of the best ways to find a mentor. Supervisors may be willing to take you under their wing and offer ongoing mentorship.
7. Reach out to accounting firms. Large firms (such as KPMG, Ernst & Young, PwC and Deloitte) typically offer mentorship programs for students. Reach out to their human resources departments to inquire about any opportunities to connect with a mentor. While smaller firms may not have formal mentorship programs, many professionals at these firms are willing to provide guidance to up-and-comers.
8. Volunteer for accounting projects or events. Many accounting organizations host conferences, workshops or charity events. Volunteering at these events allows you to meet professionals and demonstrate your commitment, increasing the likelihood of finding a mentor.
Getting
the most out of your mentor relationship
When reaching out to potential mentors, there are a few “rules of the road” to consider:
• Be clear about your goals and why you are seeking guidance. Knowing what you’re looking for can help potential mentors decide whether they are a good fit for you.
• Respect your mentor’s time. Before meeting with your mentor, think about what you want to accomplish in that meeting, and consider writing and sharing an agenda. This helps ensure you receive practical, actionable advice during your time together.
• Be proactive in scheduling meetings, and always stick to the allotted schedule.
• Follow up on discussions to show you take advice seriously and are applying what you’ve learned. This will demonstrate your commitment to growth.
• Be open about your challenges and welcome constructive criticism. You want your mentor to give you advice, so accept their feedback, especially if it involves skills you need to improve.
• Explore career options. Ask your mentor about their career journey, what they wish they had known as a student and how they navigated challenges. Learning from their experiences can help you avoid common pitfalls and make more informed decisions.
• Leverage your mentor’s network by asking for introductions to other professionals in the accounting field. Building a network early in your career is crucial, and a mentor can provide valuable connections. Ask if you can attend professional events or networking opportunities together.
• Always show your appreciation by thanking your mentor for their time, advice and support.
With all the decisions you must make in the days ahead, this one is easy. Invest in finding a mentor who can help you expand your network; connect with professionals; and provide valuable guidance, career advice and opportunities throughout your academic and professional journey.
Sara Davis is a marketing consultant based in Nashotah. Contact her at saradavismarketing@gmail.com.
Educational Requirements
o Education
Applicants must complete (cannot be in process) a minimum of 120 credit hours of education leading to a bachelor’s or graduate degree to apply for the Uniform CPA Exam, which includes at least 24 semester hours in accounting from an educational institution that is accredited by an agency recognized by the U.S. Secretary of Education at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination that covers each of the following subject areas:
• Financial accounting
• Cost or managerial accounting
• Taxation
• Auditing
• Accounting information systems
o Applicants must complete the AIS course to satisfy the accounting information systems requirement. Completion of the BIS, MIS or IS courses will no longer satisfy the accounting information systems requirement.
Note: A bachelor’s degree is not required to apply. The 120 credits must be completed and include the above required classes before applying.
o Courses
• Credits from a community or technical college not transferred to an accredited institution that offers a bachelor’s degree may be accepted toward the requirements if they are earned from an institution of higher education accredited by an accrediting agency that is recognized by the federal Department of Education.
• The courses covering the subjects of financial accounting, cost or managerial accounting, taxation and auditing would generally be courses taken beyond the introductory accounting course required of every business major.
• Correspondence, CLEP credit, pass/fail grades and online courses are acceptable when you receive credit for the courses at a regionally accredited college or university. These courses must appear on an official transcript.
• Upper-division courses are usually taken at the junior or senior undergraduate level.
• Credit for courses completed at institutions located outside the U.S. must be transferred to an accredited bachelor’s degree-granting institution inside the U.S.
• CPA review courses are not acceptable.
Note: Wisconsin offers the National Association of State Boards of Accountancy (NASBA) Advisory Evaluation as an optional service. An Advisory Evaluation will identify any academic deficiencies in education before submitting a first-time application for the Uniform CPA Exam.
Transcripts
o An official transcript must be submitted from each school attended.
o The degree must be posted on the official transcript.
o Official transcripts submitted electronically must be directly from the institution(s). Some schools do not offer this service. Contact the registrar’s office for additional information. If an email address is required for electronic delivery, use etranscript@nasba.org.
Applying
o Candidates must create a user account and apply through NASBA at nasba.org/exams/cpaexam/wisconsin.
• Candidates may apply for one or more sections of the Uniform CPA Exam at the same time; however, the Notice to Schedule (NTS) will expire after six months. Candidates are advised to apply only if they are ready to take the section within the next six months.
• There is no provision for withdrawing from the examination and/or requesting an extension of your current NTS. Application and/or examination fees are not refundable. If you have an extreme circumstance, you may request an NTS extension or a partial refund of your examination fees under specific circumstances utilizing the Exception to Policy Form.
Note: There is no residency requirement for the state of Wisconsin. The Department of Safety and Professional Services (DSPS) administers Wisconsin’s CPA certificate and license. For more information on licensure, see the Wisconsin CPA Certificate & License Checklist at wicpa.org/LicenseChecklist.
Passing
o All four exam sections may be taken individually and in any order but must be passed within an 18-month period, which begins on the date that the first passed exam section was taken.
• Due to the launch of the new CPA Exam, any candidate with Uniform CPA Examination credit(s) on Jan. 1, 2024, will have such credit(s) automatically extended to June 30, 2025.
• Candidates may retake an exam section once they have received their grades for any previous attempt of the same section.
Note: The ethics exam is administered through DSPS after the license application is submitted and requirements are met.
Next Steps
o See the Wisconsin CPA Certificate & License Checklist at wicpa.org/LicenseChecklist for the requirements and steps to acquire a Wisconsin CPA certificate and license
Note: For questions or more information, contact NASBA at 800-CPA-EXAM (800-272-3926) or cpaes-wi@nasba.org.
