Dallas, TX (PRWEB) September 12, 2012
John Sharbaugh, CAE, CEO and executive director of the Texas Society of CPAs, was recently named to the Accounting Today Top 100 Most influential People in Accounting list.
The annual ranking includes profiles of regulators, firm leaders, consultants, technology vendors and practitioners and thought-leaders who are shaping the accounting profession.
Sharbaugh, who is an avid blogger, was noted by editors of Accounting Today for his timely posts to keep TSCPA members and the public informed of key issues.
As it does every year, Accounting Today questioned the group about challenges they see, and their take on possible tax reform.
When asked what issue could have the greatest impact on the profession, Sharbaugh said retiring leadership, and a need to properly prepare the next generation of CPAs to replenish the ranks.
“The aging of the profession,” he said. “This includes the CPAs that serve in firms and industry, as well as the academic community (accounting professors) that trains the next generation of CPAs. As Baby Boomer CPAs and academics begin to retire, the profession will be challenged to deal with that loss of leadership. This will put a strain on CPA firms and companies that employ CPAs, as well as universities that require Ph.Ds to teach accounting students. The next decade or more will be a challenging time for the profession to deal with this ‘brain drain.’”
In regards to tax reform, Sharbaugh believes the upcoming presidential election could have an influence.
“It depends on the outcome of the November election,” he said. “If one party (Republicans) gets control of all branches of government (House, Senate, president) then I think you will definitely see some kind of major tax reform occur. If there is still divided government between the two parties, then major change will be more difficult to accomplish, although even then we are likely to see some kind of change, but probably not as dramatic.”
Sharbaugh has performed as CEO and executive director of TSCPA since 2000. Before that, he was vice president of State Societies and Regulatory Affairs with the American Institute of CPAs in Washington, D.C.
Before starting with AICPA in 1988, Sharbaugh served as executive director of the North Carolina Association of CPAs, and as deputy executive director for the Florida Institute of CPAs.
Sharbaugh is a past president of the CPA Society Executive Association, and a former board member of the American Society of Association Executives.
Born in Hershey, Pa, his professional credentials include a Certified Association Executive (CAE) designation issued in 1991 by the American Society of Association Executives, and an ASAE Fellow for which he was designated in 2003. Sharbaugh received a B.A. from Pennsylvania State University, and an MBA from the University of Florida.
TSCPA (http://www.tscpa.org) is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and more than 28,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.
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