MACPA has played a major role in shaping the CPA profession since its founding in 1901. Recognizing the importance of trustworthy financial information in a market-based economy, Maryland was the third state in the nation that created the professional designation of certified public accountant.
The "Certified Public Accountancy” law established requirements and state licensing for accountants who would meet certain educational, examination, and experience standards to ensure the reliability of financial information. Since that time, innovation has been the theme of our song as we seek to protect the interests of CPAs, adapt to an always-changing business climate, and keep the public interest in front of us at all times.
Maryland Association of Public Accountants forms for the purpose of lobbying Maryland lawmakers to create and pass a CPA law in Maryland. The earliest members are often from "business and industry," from organizations like Fidelity and Deposit, Baltimore Gas and Electric, and Baltimore and Ohio Railroad.
Maryland Gov. John Walter Smith signs Maryland’s CPA statute into law. Max Teichmann receives Maryland CPA certificate No. 1. The Maryland Association of CPAs is incorporated Feb. 12, 1901.
Elsa Doetsch and Florence Hooper become the first two female members of MACPA. They are two out of 25 MACPA members at the time. Elsa and Forence also become the first women CPAs admitted to the AICPA.
1924: MACPA votes to adopt its Code of Ethics. 1928: Active MACPA membership surpasses 100 for the first time.
1957: Benjamin King Sr. becomes Maryland’s first black CPA. Five of the first 100 black CPAs were from Maryland. 1963: MACPA’s Capital Area, Eastern Shore and Mid-Maryland chapters are established.
1971: MACPA membership surpasses 1,500. 1973: MACPA’s Central Maryland Chapter is established.
1976: Maryland’s accountancy law is amended to require continuing education for CPAs 1977: MACPA’s Anne Arundel Chapter is established.
Patricia Bissell is the first woman to serve as president of the MACPA’s Board of Directors. MACPA membership surpasses 6,000. The MACPA’s Western Maryland Chapter is established.
MACPA’s Southern Maryland Chapter is established. December 1991: MACPA membership surpasses 8,200. January 1997: Tom Hood is named president and CEO of the MACPA.
MACPA membership surpasses 10,000 members. The Business Learning Institute is born to equip CPAs and financial professionals with the future-ready skills needed for an ever-changing world and marketplace.
The MACPA's first black chair was Graylin Smith in 2002.
MACPA forms the Sarbanes–Oxley Task Force and creates the Road to Reform Initiative.
The Business & Industry Committee of MACPA is formed to create a new conference and community for members outside of public accounting.
MACPA co-creates the Insights to Action (I2A) framework for strategic planning. MACPA Leadership Academies are born and become an integral part of developing future CPA leaders.
The CPA Summit is created to allow leading CPAs to gather together annually focusing on leadership, technology, and innovation.
MACPA and Daniel Burrus create "The Anticipatory Organization | Accounting & Finance Edition" which brings groundbreaking learning to CPAs nationwide. The product wins Accounting Today's prestigious "Top Product Award."
MACPA's 2010-11 chair, Kimberly Ellison-Taylor, becomes the first black chair of the American Institute of CPAs. Kimberly also becomes the youngest chair of the AICPA.