Carol S. Scott was named vice president–Business, Industry & Government for the AICPA.
Scott is responsible for setting strategic direction and developing and executing programs on behalf of CEOs, CFOs and other CPAs working in business, industry and government, a group that comprises 45% of the Institute’s membership. She reports to Arleen Thomas, senior vice president–Member Competency & Development.
Scott is an advocate for members in business, industry and government and oversees the team’s many projects, including the AICPA’s efforts to educate corporate America on the need to reflect sustainability in financial statements; assistance for members in implementing enterprise risk management and IFRS; the quarterly Business and Industry Economic Outlook Survey with the University of North Carolina at Chapel Hill, which gauges CPA executives’ views on economic performance; the Audit Committee Matching System, which helps corporate audit committees identify qualified CPAs to serve as members; and the Audit Committee Effectiveness Center, a virtual set of resources to assist for-profit, not-for-profit and governmental audit committees in discharging their responsibilities more efficiently.
Prior to joining the AICPA, Scott was a divisional vice president of finance and human resources at Masco Corp., a Fortune 250 company and manufacturer of home-improvement products. Before that, she was a corporate controller and finance manager in the manufacturing and textile industries.
Scott is a licensed CPA in North Carolina and holds an MBA from Eastern Michigan University. She was nominated for the Executive Corporate MBA program, from which she graduated in the top 20% of her class, with honors. She is a member of the North Carolina Association of CPAs.