Professional issues


The number of CPAs in Congress grew as a result of November’s elections.

Rep. Brad Sherman held off Rep. Howard Berman in an unusual and hotly contested race between two congressional Democrats in California’s 30th District as all eight CPAs serving in the House of Representatives won reelection.

In addition, Republican Tom Rice won in South Carolina’s newly created 7th District, and Democrat Patrick Murphy unseated Rep. Allen West in a tight race in Florida’s 18th District.

The total number of CPAs in the House rose to 10, and the number of CPAs and accountants in Congress jumped to 12. The two accountant senators, Mike Enzi (R-Wyo.) and Ron Johnson (R-Wis.), were not up for reelection in 2012.

In addition to Sherman, the other CPAs who won reelection were:

  • Rep. Mike Conaway (R-Texas)
  • Rep. Bill Flores (R-Texas)
  • Rep. Lynn Jenkins (R-Kan.)
  • Rep. Steven Palazzo (R-Miss.)
  • Rep. Collin Peterson (D-Minn.)
  • Rep. John Campbell (R-Calif.)
  • Rep. James Renacci (R-Ohio)


In February 2011, Sherman and Conaway created the Bipartisan Congressional CPA Caucus. The informal group is dedicated to discussing and formulating innovative policy approaches to issues of interest to CPAs such as tax administration and compliance, and accounting and auditing standards. The caucus also seeks to reduce the compliance burden of tax laws.

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.