September-October 2024
In this issue:
- How Accountants Can Leverage Corporate Culture for Success
- CPE: The Tollgates of Inventory and Financial Control
- Spotlight on CPAs: Madhuri Bandla, CPA-Dallas, CFE
- Top Cybersecurity Tactics for CPAs in the Digital Age
- Every Member Plays a Part
- TXCPA Annual Meeting - Looking Back and Charting the Path Ahead
- What’s Happening Around Texas - September-October
- 2023-2024 Outstanding Chapter Awards
- SEC Adopts Climate-Related Disclosures
- Optimizing Consultant Engagement for Business Growth
- The Importance of the CPA Pipeline
- TXCPA Thanks Our Faculty and Student Ambassadors!
- Take Note
- Classifieds
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How Accountants Can Leverage Corporate Culture for Success
High-profile accounting scandals have led to reforms aimed at reducing fraud and corporate misconduct, with regulators emphasizing the need for ethical corporate cultures and strong leadership. Despite its importance, corporate culture is rarely included in accounting and audit standards, leaving CPAs without clear guidance on how to assess or apply it.View Article -
CPE: The Tollgates of Inventory and Financial Control
A key challenge for management accountants and manufacturing companies is managing operations and the resulting impact on financial statements. Standard procedures, work instructions and shop floor decisions significantly influence the financial performance of inventory-focused companies. Effective monitoring of five tollgates of inventory movement is essential.View Article
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Spotlight on CPAs: Madhuri Bandla, CPA-Dallas, CFE
Madhuri Bandla is a Senior Lecturer of Accounting at the University of North Texas G. Brint Ryan College of Business. She is dedicated to student success, mentoring and volunteering, aiming to positively impact the university, the accounting profession and the local community. Learn more about her career path and her commitment to teaching, learning and facilitating professional development.View Article -
Top Cybersecurity Tactics for CPAs in the Digital Age
The article highlights the growing cybersecurity risks facing CPAs and accounting firms as digital transformation reshapes the landscape. As firms adopt advanced technologies like AI and automation to streamline operations, they become prime targets for cybercriminals due to the sensitive data they hold. Ensuring strong security practices is essential for protecting sensitive data.View Article
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Every Member Plays a Part
Read about an important update from AICPA’s National Pipeline Advisory Group. The group released a report outlining six strategies to address the accounting talent shortage, including enhancing education, supporting CPA Exam candidates and increasing diversity. TXCPA, now in the third year of our CPA Pipeline Strategy, is aligning our efforts with these national initiatives to boost outreach and workforce development.View Article -
TXCPA Annual Meeting - Looking Back and Charting the Path Ahead
TXCPA’s Annual Meeting and Leadership Council Meeting was held on June 28-29, 2024, at the Omni Frisco Hotel, blending networking, learning and fun. Leaders reviewed the accomplishments of 2023-2024 and set priorities for 2024-2025. TXCPA also emphasized community-building through local chapters, service initiatives and diversity efforts. TXCPA aims to continue addressing CPA pipeline issues, growing the membership, enhancing member benefits, and supporting advocacy initiatives.View Article
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What’s Happening Around Texas - September-October
Learn about some of the recent events and activities that happened around the state in the TXCPA chapters.View Article -
2023-2024 Outstanding Chapter Awards
Each year, Outstanding Chapter Awards are awarded to the small and medium-sized chapters to inspire their continuing work to elevate member service. For 2023-2024, TXCPA San Angelo and TXCPA South Plains received the awards. Read about their impressive accomplishments.View Article
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SEC Adopts Climate-Related Disclosures
The SEC issued final rules in March for climate-related disclosures. Just a month later, the SEC issued a stay even though the rules do not become effective until 2026. With a pending review in the U.S. 8th Circuit Court of Appeals, the SEC stated that the stay’s purpose is to avoid regulatory uncertainty until the court hears the matter.View Article -
Optimizing Consultant Engagement for Business Growth
Managing a growing company involves balancing daily operations with strategic planning, financial management, marketing and compliance. In smaller firms with fluid roles, it can be hard to focus on all functions equally. Consultants can offer valuable expertise and solutions, helping business owners achieve their goals more effectively.View Article
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The Importance of the CPA Pipeline
Focus on the CPA pipeline issue has become a key topic in the accounting profession. Various task forces, state societies and legislative bodies are working on addressing the shortage of CPAs, and TXCPA is actively involved in national efforts. TXCPA is also exploring legislative changes in Texas, while ensuring that CPA mobility – allowing CPAs to practice across state lines without additional licensing – is preserved.View Article -
TXCPA Thanks Our Faculty and Student Ambassadors!
A big thank you goes to TXCPA's 2024-2025 Faculty and Student Ambassadors! Our ambassadors play a vital role in enhancing TXCPA’s presence on Texas campuses, helping us better understand how to support educators and students. Together, we are working to expand the pipeline of future CPAs in Texas.View Article
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Take Note
In this edition of Take Note: Join TXCPA's Key Persons Program; Occupational Wellness - Tips for a Fulfilling Work Life; November is Month of Service and Accounting Opportunities Month; Submit an Article to Today’s CPA MagazineView Article -
Classifieds
The classified ad section of Today's CPA offers a dynamic marketplace, featuring listings for practice owners looking to sell, professionals seeking firms to purchase and a variety of specialized services. Whether you're looking to expand, sell or explore niche opportunities, this section connects professionals with valuable business prospects and resources.View Article
CHAIR
Mohan Kuruvilla, Ph.D., CPA
PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM
CHIEF OPERATING OFFICER
Melinda Bentley, CAE
EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA
MANAGER, MARKETING AND COMMUNICATIONS
Peggy Foley
pfoley@tx.cpa
MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa
COLUMN EDITOR
Don Carpenter, MSAcc/CPA
DIGITAL MARKETING SPECIALIST
Wayne Hardin, CDMP, PCM®
CLASSIFIEDS
DeLynn Deakins
Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa
Editorial Board
Shivam Arora, CPA-Dallas;
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, CPA-Dallas;
Lucas LaChance, CPA-Dallas, CIA;
Nicholas Larson, CPA-Fort Worth;
Anne-Marie Lelkes, CPA-Corpus Christi;
Bryan Morgan, Jr, CPA-Austin;
Stephanie Morgan, CPA-East Texas;
Kamala Raghavan, CPA-Houston;
Amber Louise Rourke, CPA-Brazos Valley;
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPA-Houston.
CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Holly McCauley; Shicoyia Morgan; Craig Nauta; Kari Owen; John Ross; Lani Shepherd; April Twaddle; Patty Wyatt