National Association of Black Accountants: Difference between revisions
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{{Short description|U.S. professional organization}} |
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{{Advert|date=January 2012}} |
{{Advert|date=January 2012}} |
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{{Infobox |
{{Infobox organization |
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|name = National Association of Black Accountants, Inc. |
| name = National Association of Black Accountants, Inc. |
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| image = 50TH_LOGO_VERT_ALL_GOLD_(PNG).png |
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|motto = |
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|formation = {{Start date|1969}} |
| formation = {{Start date|1969}} |
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|type = [[Professional association]] |
| type = [[Professional association]] |
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|headquarters = [[Greenbelt, MD]] |
| headquarters = [[Greenbelt, MD]] |
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|location = [[United States]] |
| location = [[United States]] |
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|leader_title |
| leader_title = President & CEO |
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|leader_name |
| leader_name = Guylaine Saint Juste |
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|leader_title2 = Chief Operating Officer |
| leader_title2 = Chief Operating Officer |
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|leader_name2 |
| leader_name2 = Catherine Foca |
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|website = [http://www.nabainc.org/ www.nabainc.org] |
| website = [http://www.nabainc.org/ www.nabainc.org] |
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}} |
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In December 1969, nine African-Americans met in New York City to discuss the unique challenges and limited opportunities they faced in the accounting profession. In that year, there were only 136 African-American Certified Public Accountants (CPA's) out of a total of 100,000 in the United States. |
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The '''National Association of Black Accountants''' (NABA, Inc.), is an American nonprofit [[professional association]] that represents the interests of more than 200,000 black professionals in furthering their educational and professional goals in [[accounting]], [[finance]], and related business professions. Student members are served throughout the organization's 50 chapters<ref>{{Cite web |title=Find a Chapter – NABA INC. |url=https://nabainc.org/chapters/ |access-date=2023-05-20 |language=en-US}}</ref> around the country. |
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This group wanted to establish an organization to address the concerns of minorities entering the accounting profession and to make a commitment to professional and academic excellence. The following nine individuals who met that month were determined to "make a difference" and let their voices be heard. |
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The Association's national and local programs are designed to support the overall goals and objectives of the Association. These programs provide support to, and create opportunities for, professionals and students seeking levels of accomplishment in the fields of accounting and finance. |
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==Mission== |
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⚫ | NABA's membership body includes entry and mid-level accountants, auditors and financial professional, senior-level managers and executives, [[partner (business rank)|firm partners]], as well accounting, finance, business, and IT students. More than half of NABA's members work in corporate America, with the remainder serving in nonprofit, government, academic, and international arenas. Forty percent hold advanced degrees and 45% hold professional certifications. NABA is also made up of corporate members who represent hundreds of African American-owned CPA firms around the country.{{cn|date=August 2023}} |
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NABA’s motto is “Lifting As We Climb,” which is embodied in its official logo depicting two interlocked hands, with one pulling the other up. The image denotes both the political struggle the organization faced at its founding and the goal of helping future generations of accounting professionals. The organization came into existence during a period of time in which blacks and other minorities faced obstacles in being recognized and being promoted in the profession. It became a vehicle through which minority professionals could be assisted as they climbed the corporate ladder, obtained the [[Certified Public Accountant]] (CPA) designation, and prepared for partnership in top firms. Moreover, the organization’s operating model encourages veteran professionals to incubate and mentor students entering the profession. |
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== Membership == |
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Through a number of programs and partnerships with like-minded organizations, conferences, publications, as well as advocacy, NABA aims to: |
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NABA offers two categories of membership: |
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* Promote and develop the professional skills of members |
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* Groom college students entering the accounting profession and attract younger students to the profession |
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* '''Professional members''' have completed their undergraduate studies and hold an accounting or finance-related designation (e.g., CPA, CMA, CFA, CIA, CGMA, etc.) or are engaged in a professional accounting or finance-related career. |
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* Provide opportunities for members to fulfill their civic responsibilities |
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* '''Student members''' are undergraduate or graduate students (full or part-time) majoring in accounting, finance, or a related field, or high-school students interested in pursuing a career in accounting or finance. |
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* Promote public confidence in members, their credentials, and the professional services they provide |
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* Represent the interests of members in educational, political, and social domains |
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* Ensure long-term financial stability and provide adequate resources for chapter, regional, and national programs |
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==Organizational structure== |
==Organizational structure== |
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==History== |
==History== |
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NABA was established in 1969 by nine African American accountants in New York City |
NABA was established in 1969 by nine African American accountants in New York City. In 1969, there were 100,000 people who held the Certified Public Accountant (CPA) designation–only 150 <ref>[http://www.allbusiness.com/professional-scientific/accounting-tax/117988-1.html The Status of the Black CPA: Twenty Five Year Update], ''Journal of Accountancy'', Vol. 170, 1990</ref> of them were African American. That same year, the [[American Institute of Certified Public Accountants]]—the professional body that awards CPAs—passed a resolution on the lack of diversity in the accounting profession and established the Minority Initiative Committee. Today, through the efforts of NABA, the AICPA, and other interested groups,{{cn|date=August 2023}} there are more than 200,000 African Americans participating in the field of accounting, of which more than 5,000 are CPAs.{{cn|date=August 2023}} |
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As a leader in the business community, NABA continues to create opportunities to enlarge the pipeline of African Americans into every level of accounting and finance, as it recognizes that the growth of the blacks in the profession remains a significant challenge. Minorities make up slightly more than 25%<ref>[http://ceae.aicpa.org/NR/rdonlyres/F04B2134-7E2B-45C9-8D71-A0D3FB68483C/0/2009_TrendsReport.pdf 2009 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits], [[AICPA]], 2009</ref> of enrollments in bachelor’s degree programs: 11.5% [[African American]], 7% Asian, 6% [[Hispanic]], 1% American Indian/Alaskan Native, and 6.5% of mixed or unknown ethnicity. At the master’s level, African American enrollment falls to just 6%. |
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'''Challenges of African Americans in Obtaining the CPA''' |
'''Challenges of African Americans in Obtaining the CPA''' |
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Given the importance of the CPA designation in reaching top levels of the profession, NABA extends significant resources to help its members achieve this mark and to study the factors that impose barriers to obtaining it. In June 2007, NABA, along with Howard |
Given the importance of the CPA designation in reaching top levels of the profession, NABA extends significant resources to help its members achieve this mark and to study the factors that impose barriers to obtaining it. In June 2007, NABA, along with Howard University's Center for Accounting Education, held the first CPA Examination Summit <ref>[http://www.nabainc.org/portals/6/docs/nabanews/CPA%20Summit%20White%20Paper%20Insights.pdf 2007 CPA Examination Summit: Insights into Increasing the Number of African American CPAs], NABA, Inc. and [[Howard University]] Center for Accounting Education, 2007</ref> at NABA's Annual National Convention. The convening gathered participants from public accounting, industry, and academia to explore why—despite their increasing numbers in college degree programs—growing numbers of African Americans were not sitting for or passing the CPA examination. |
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The Summit unearthed a number of issues, including generational challenges, lack of black CPA role models, and exam mechanics. A second Summit in 2008 led to the creation of several programs within NABA and other organizations to resolve these issues, with financial support<ref>[http://www.nabainc.org/portals/6/docs/nabanews/2008%20CPA%20Examination%20Summit%20White%20Paper-Web-Email.pdf CPA Examination Summit – Insights Into Increasing the Number of African-American CPAs: Part 2], NABA, Inc. and Howard University Center for Accounting Education, 2008</ref> from accounting firms [[Ernst & Young]] and [[Deloitte]]. |
The Summit unearthed a number of issues, including generational challenges, lack of black CPA role models, and exam mechanics. A second Summit in 2008 led to the creation of several programs within NABA and other organizations to resolve these issues, with financial support<ref>[http://www.nabainc.org/portals/6/docs/nabanews/2008%20CPA%20Examination%20Summit%20White%20Paper-Web-Email.pdf CPA Examination Summit – Insights Into Increasing the Number of African-American CPAs: Part 2], NABA, Inc. and Howard University Center for Accounting Education, 2008</ref> from accounting firms [[Ernst & Young]] and [[Deloitte]]. |
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==Programs and Initiatives== |
==Programs and Initiatives== |
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NABA's programs consist of professional development, networking opportunities, job placement, continuing education, technical training, national and regional conferences, and public service initiatives. |
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⚫ | * '''CPA Bound''' grew out of NABA's President's Advisory Council to increase the number of African American CPAs. In concert with Howard University and Becker CPA Review, the program offers an intensive seven-week Boot Camp for young professionals preparing to sit for the CPA exam. CPA Bound also hosts the annual CPA Examination Summit to monitor progress of efforts to increase the number of minorities passing the exam. |
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* The '''Center for Advancement of Minority Accountants''' (CAMA) recruits, develops, and supports talented minorities interested in accounting, finance, and related business fields through partnerships among NABA chapters, corporations, and colleges and universities. |
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⚫ | * '''CPA Bound''' grew out of |
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* For professional members, NABA provides [[continuing professional education]] credits (CPEs) through technical sessions held throughout the year and at the Annual National Convention. NABA is registered with the [[National Association of State Boards of Accountancy]] as an official sponsor of continuing professional education. |
* For professional members, NABA provides [[continuing professional education]] credits (CPEs) through technical sessions held throughout the year and at the Annual National Convention. NABA is registered with the [[National Association of State Boards of Accountancy]] as an official sponsor of continuing professional education. |
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* NABA hosts a three-tiered '''Leadership Development Institute''' that helps participants bridge the gap from mid-to-senior-to executive levels of business leadership. The institutes take place in conjunction with |
* NABA hosts a three-tiered '''Leadership Development Institute''' that helps participants bridge the gap from mid-to-senior-to executive levels of business leadership. The institutes take place in conjunction with NABA's Annual National Convention. |
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**'''Executive Leadership Development Institute (ELDI)''': Participants must have a minimum of 12 years of experience and at least 5 years of senior level management experience. Sessions are designed for those aspiring to the move into executive leadership positions (e.g., a CPA firm partner, a C-Suite executive, financial services firm SVP, etc.). |
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⚫ | * Student members of NABA have access to its '''National Scholarship Program''', which has offered more than $ |
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**'''Management Leadership Development Institute (MLDI)''': For participants with 7 to 11 years of experience and a minimum of 3 years of management experience. Sessions are designed to motivate and inspire participants to increase performance as individuals, manage teams, and strengthen their leadership competencies. This program equips mid-level managers with the tools that will enhance their ability to motivate others, streamline processes and influence colleagues to make the best business decisions. |
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⚫ | * Community service is an important part of NABA membership. Each year, members take time away from the Annual National Convention and complete an outreach mission as part of |
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**'''Aspiring Leaders Development Institute (ALDI)''': For participants with 4 to 7 years of experience. Sessions are designed for those aspiring to the management level. It focuses on examining and discussing the challenges many managers face in their companies as they prepare their careers for growth. |
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⚫ | * Student members of NABA have access to its '''National Scholarship Program''', which has offered more than $11.2 million in support since beginning in 1987. The '''Distinguished Collegian Award''' is the organization's highest student honor and recognizes NABA students who are making a difference in their chapters and communities. The '''Student Case Study Competition''' is a rigorous challenge between student teams who research, develop, and prepare oral presentations that address accounting and business topics. The competition takes place each year at NABA's Annual National Convention. |
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⚫ | * Community service is an important part of NABA membership. Each year, members take time away from the Annual National Convention and complete an outreach mission as part of NABA's '''Day of Service'''. It began when NABA's convention took place in New Orleans in 2009 and will continue in 2010 in Houston. Moreover, NABA professional members annually cosponsor [[IRS Volunteer Income Tax Assistance Program]] sites to help low-to-moderate income people prepare their tax returns. |
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==Conferences== |
==Conferences== |
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Each year, the Association hosts five regional conferences in the fall for students. In addition to [[professional development]] sessions, students receive [[scholarship]]s and apply for [[internship]]s. Seniors are scheduled for onsite interviews for employment following graduation. Each June, NABA convenes the general membership for large-scale networking sessions and student development opportunities, leadership training, professional awards, student case competition, the NABA Day of Service, and scholarship awards. |
Each year, the Association hosts five regional conferences in the fall for students. In addition to [[professional development]] sessions, students receive [[scholarship]]s and apply for [[internship]]s. Seniors are scheduled for onsite interviews for employment following graduation. Each June, NABA convenes the general membership for large-scale networking sessions and student development opportunities, leadership training, professional awards, student case competition, the NABA Day of Service, and scholarship awards. In 2020, NABA hosted its first virtual convention titled Insight Reimagined and began producing Spectrum Live, a weekly digital series for accounting and finance professionals.{{cn|date=August 2023}} |
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==See also== |
==See also== |
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{{ |
{{Portal|United States}} |
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* [https://www.washingtonpost.com/wp-dyn/content/article/2005/06/28/AR2005062801459.html Accounting Firms Seek to Diversify Image], ''Washington Post'' |
* [https://www.washingtonpost.com/wp-dyn/content/article/2005/06/28/AR2005062801459.html Accounting Firms Seek to Diversify Image], ''Washington Post'' |
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* [http:// |
* [http://archives.cpajournal.com/old/11356670.htm Integration of Blacks in the Accounting Profession], ''The CPA Journal'' |
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* [http://www.journalofaccountancy.com/Issues/2008/Feb/ExpandingtheRanksofAfricanAmericanCPAs.htm Expanding the Ranks of African-American CPAs], ''Journal of Accountancy'' |
* [http://www.journalofaccountancy.com/Issues/2008/Feb/ExpandingtheRanksofAfricanAmericanCPAs.htm Expanding the Ranks of African-American CPAs], ''Journal of Accountancy'' |
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* {{cite book |
* {{cite book |
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==References== |
==References== |
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{{ |
{{Reflist}} |
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{{Authority control}} |
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==External links== |
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* [http://www.nabainc.org National Association of Black Accountants, Inc.] |
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* [http://www.nabadof.org NABA Division of Firms] |
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* [http://www.bschool.howard.edu/Programs/specialprograms/centerforaccountinged/CAE.htm Howard University Center for Accounting Education] |
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* [http://www.aicpa.org American Institute of Certified Public Accountants] |
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* [http://www.nasba.org National Association of State Boards of Accountancy] |
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{{DEFAULTSORT:National Association Of Black Accountants}} |
{{DEFAULTSORT:National Association Of Black Accountants}} |
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[[Category:African-American professional organizations]] |
[[Category:African-American professional organizations]] |
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[[Category:Greenbelt, Maryland]] |
[[Category:Greenbelt, Maryland]] |
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[[Category:501(c)(3) organizations]] |
Latest revision as of 16:12, 8 July 2024
This article contains promotional content. (January 2012) |
Formation | 1969 |
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Type | Professional association |
Headquarters | Greenbelt, MD |
Location | |
President & CEO | Guylaine Saint Juste |
Chief Operating Officer | Catherine Foca |
Website | www.nabainc.org |
The National Association of Black Accountants (NABA, Inc.), is an American nonprofit professional association that represents the interests of more than 200,000 black professionals in furthering their educational and professional goals in accounting, finance, and related business professions. Student members are served throughout the organization's 50 chapters[1] around the country.
The Association's national and local programs are designed to support the overall goals and objectives of the Association. These programs provide support to, and create opportunities for, professionals and students seeking levels of accomplishment in the fields of accounting and finance.
NABA's membership body includes entry and mid-level accountants, auditors and financial professional, senior-level managers and executives, firm partners, as well accounting, finance, business, and IT students. More than half of NABA's members work in corporate America, with the remainder serving in nonprofit, government, academic, and international arenas. Forty percent hold advanced degrees and 45% hold professional certifications. NABA is also made up of corporate members who represent hundreds of African American-owned CPA firms around the country.[citation needed]
Membership
[edit]NABA offers two categories of membership:
- Professional members have completed their undergraduate studies and hold an accounting or finance-related designation (e.g., CPA, CMA, CFA, CIA, CGMA, etc.) or are engaged in a professional accounting or finance-related career.
- Student members are undergraduate or graduate students (full or part-time) majoring in accounting, finance, or a related field, or high-school students interested in pursuing a career in accounting or finance.
Organizational structure
[edit]The association is a 501(c)(3) nonprofit membership organization. There are two classes of membership: student and professional. Professional members may also opt to obtain the Lifetime Member designation. The 160 student chapters are named by their college or university and fall under the auspices of the nearest of the 48 professional chapters. A National Board of Directors, which includes regional leaders, governs the entire organization. The headquarters is in Greenbelt, Maryland.
History
[edit]NABA was established in 1969 by nine African American accountants in New York City. In 1969, there were 100,000 people who held the Certified Public Accountant (CPA) designation–only 150 [2] of them were African American. That same year, the American Institute of Certified Public Accountants—the professional body that awards CPAs—passed a resolution on the lack of diversity in the accounting profession and established the Minority Initiative Committee. Today, through the efforts of NABA, the AICPA, and other interested groups,[citation needed] there are more than 200,000 African Americans participating in the field of accounting, of which more than 5,000 are CPAs.[citation needed]
Challenges of African Americans in Obtaining the CPA
Given the importance of the CPA designation in reaching top levels of the profession, NABA extends significant resources to help its members achieve this mark and to study the factors that impose barriers to obtaining it. In June 2007, NABA, along with Howard University's Center for Accounting Education, held the first CPA Examination Summit [3] at NABA's Annual National Convention. The convening gathered participants from public accounting, industry, and academia to explore why—despite their increasing numbers in college degree programs—growing numbers of African Americans were not sitting for or passing the CPA examination.
The Summit unearthed a number of issues, including generational challenges, lack of black CPA role models, and exam mechanics. A second Summit in 2008 led to the creation of several programs within NABA and other organizations to resolve these issues, with financial support[4] from accounting firms Ernst & Young and Deloitte.
Programs and Initiatives
[edit]NABA's programs consist of professional development, networking opportunities, job placement, continuing education, technical training, national and regional conferences, and public service initiatives.
- CPA Bound grew out of NABA's President's Advisory Council to increase the number of African American CPAs. In concert with Howard University and Becker CPA Review, the program offers an intensive seven-week Boot Camp for young professionals preparing to sit for the CPA exam. CPA Bound also hosts the annual CPA Examination Summit to monitor progress of efforts to increase the number of minorities passing the exam.
- NABA's Accounting Career Awareness Program (ACAP) is an annual one-week residency program for high school students to be introduced accounting, finance, and general business concepts.
- For professional members, NABA provides continuing professional education credits (CPEs) through technical sessions held throughout the year and at the Annual National Convention. NABA is registered with the National Association of State Boards of Accountancy as an official sponsor of continuing professional education.
- NABA hosts a three-tiered Leadership Development Institute that helps participants bridge the gap from mid-to-senior-to executive levels of business leadership. The institutes take place in conjunction with NABA's Annual National Convention.
- Executive Leadership Development Institute (ELDI): Participants must have a minimum of 12 years of experience and at least 5 years of senior level management experience. Sessions are designed for those aspiring to the move into executive leadership positions (e.g., a CPA firm partner, a C-Suite executive, financial services firm SVP, etc.).
- Management Leadership Development Institute (MLDI): For participants with 7 to 11 years of experience and a minimum of 3 years of management experience. Sessions are designed to motivate and inspire participants to increase performance as individuals, manage teams, and strengthen their leadership competencies. This program equips mid-level managers with the tools that will enhance their ability to motivate others, streamline processes and influence colleagues to make the best business decisions.
- Aspiring Leaders Development Institute (ALDI): For participants with 4 to 7 years of experience. Sessions are designed for those aspiring to the management level. It focuses on examining and discussing the challenges many managers face in their companies as they prepare their careers for growth.
- Student members of NABA have access to its National Scholarship Program, which has offered more than $11.2 million in support since beginning in 1987. The Distinguished Collegian Award is the organization's highest student honor and recognizes NABA students who are making a difference in their chapters and communities. The Student Case Study Competition is a rigorous challenge between student teams who research, develop, and prepare oral presentations that address accounting and business topics. The competition takes place each year at NABA's Annual National Convention.
- Community service is an important part of NABA membership. Each year, members take time away from the Annual National Convention and complete an outreach mission as part of NABA's Day of Service. It began when NABA's convention took place in New Orleans in 2009 and will continue in 2010 in Houston. Moreover, NABA professional members annually cosponsor IRS Volunteer Income Tax Assistance Program sites to help low-to-moderate income people prepare their tax returns.
- NABA partners with AICPA to bring comprehensive consumer financial literacy education to youth, students, and low-to-moderate income families.[citation needed]
Conferences
[edit]Each year, the Association hosts five regional conferences in the fall for students. In addition to professional development sessions, students receive scholarships and apply for internships. Seniors are scheduled for onsite interviews for employment following graduation. Each June, NABA convenes the general membership for large-scale networking sessions and student development opportunities, leadership training, professional awards, student case competition, the NABA Day of Service, and scholarship awards. In 2020, NABA hosted its first virtual convention titled Insight Reimagined and began producing Spectrum Live, a weekly digital series for accounting and finance professionals.[citation needed]
See also
[edit]- Accounting Firms Seek to Diversify Image, Washington Post
- Integration of Blacks in the Accounting Profession, The CPA Journal
- Expanding the Ranks of African-American CPAs, Journal of Accountancy
- Hammond, Theresa (2002). A White-Collar Profession: African American Certified Public Accountants since 1921. University of North Carolina Press. ISBN 0-8078-2708-8.
References
[edit]- ^ "Find a Chapter – NABA INC". Retrieved 2023-05-20.
- ^ The Status of the Black CPA: Twenty Five Year Update, Journal of Accountancy, Vol. 170, 1990
- ^ 2007 CPA Examination Summit: Insights into Increasing the Number of African American CPAs, NABA, Inc. and Howard University Center for Accounting Education, 2007
- ^ CPA Examination Summit – Insights Into Increasing the Number of African-American CPAs: Part 2, NABA, Inc. and Howard University Center for Accounting Education, 2008