People call them “tax experts,” “financial consultants,” and “trusted business advisors.”
The most important role CPAs play, though, might be “legislative watchdog.”
Think about the ways in which the profession has changed over the past 10 years, starting with the passage of the Sarbanes-Oxley Act. Before 2002, CPAs took pride in the fact that theirs was largely a self-regulated profession.
Since then, it seems as though the profession has been regulated by almost everyone except CPAs.
That’s where advocacy comes in. Protecting the profession today means raising your voices. When state and federal legislators start throwing ideas around the room, that’s an absolute necessity.
CPA Day in Annapolis was Exhibit A. With a record number of MACPA members on hand, that message echoed throughout the capital over and over again.
Now imagine: How strong would our profession become if thousands of CPAs – not dozens or even hundreds, but thousands – found that same passion and commitment.
Thousands of Karen Syrylos – now that’s a legislative advocate’s dream come true!
The dizzying pace of legislative and regulatory change won’t slow down anytime soon. As governments deal with economic woes, debt, and (potentially) tax reform, we’ll see more and more legislators take a stab at financial issues without having all the facts – and a greater need for CPAs to raise their voices.
It’s your choice, folks. You can help determine the profession’s future … or you can let politicians determine it for you.
Check out our photos from CPA Day.