Sixty-eight percent of business and industry members say the title of chief financial officer does not adequately cover the scope and diversity of the role in their organizations.
One hundred percent agree that human capital is a key differentiator and competitive advantage for organizations.
One hundred percent say that finance / accounting needs to make the transition from navigator to co-pilot to remain relevant in the future.
These were just a few of the polling questions from our second town hall for business, industry, government and non-profit members.
About 200 CFOs, controllers, and management accountants came out for our semi-annual professional issues update featuring four hours of free CPE.
Special guests Arlene Thomas, the AICPA’s senior vice president of management accounting and global markets, and Ashok Noah, the AICPA’s vice president of external relations, gave an engaging presentation on fraud, risk management and innovation, the emerging role of the management accountant, and an update on the AICPA CGMA designation. (Seventy-six percent of our members said they were aware of the new designation and about 20 percent already have it.)
What were the biggest challenges facing Maryland CFOs and controllers?
- Keeping up with regulation and compliance.
- Health care costs and uncertainty in the program implementation.
- Finding time to keep up with technology and social media.
- Dealing with the uncertainty and lack of sustainability of the federal and state governments.
- Business and Industry Conference, April 19 at Turf Valley Conference Center (our biggest event specifically for CFOs and controllers)
- Government / Not-For-Profit Conference, April 26 at UMUC Conference Center
- Employee Benefit Plan Conference, May 6 at the Sheraton Columbia (in cooperation with the U.S. Department of Labor)
- MACPA Innovation Summit and Annual Meeting, May 17 at Martin’s West (the CPA event of the year!)