NEXT GEN 1
PublisherJoanne S. Barry,
Associate PublisherColleen Lutolf
Art DirectionSara Gold
Joel Lanz, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
Pei-Cen Lin, CPA, SPHR
Editorial AssistantAnna Rakovsky
Manager, NYSSCPA Next Generation
The reader should not construe
the content included in
Next Gen as accounting,
legal, or other professional advice.
If specific professional advice
or assistance is required,
the services of a competent
professional should be sought.
What do you have in common with other Young CPAs? Yes, you each share certain
generational similaritiesyou grew up watching the same TV shows and singing
along to the same pop stars. You were weaned on the same technologies, and
devastated or inspired by the same world events.
But being a YCPA isnt just about ageits about aspiration. Its about your desire
to make smart career decisions and take advantage of growth opportunities within the
profession. Its about your commitment to figuring out how to accomplish those goals. And
its about understanding that true advancement requires you to build a network of support.
As a young professional myself, I know what youre going throughthe frustrations, the
excitement, the questions. Ive spent much of my career with the NYSSCPA as a marketing
coordinator, promoting conferences, seminars and special programming, but Im thrilled to be
transitioning into a new position that will allow me to work more closely with you: Manager
of the Societys Next Generation programs. In that role, Ill help to develop more of the
professional support services and opportunities to network that you, as a YCPA, will need.
I ask you to see yourself not just as the beneficiary of Next Generation programs, but as an
active partner in them, by getting involved with statewide and chapter-level YCPA committees
and participating in the Societys student outreach initiatives. This includes COAP: the Career
Opportunities in the Accounting Profession, a week-long summer enrichment program that
introduces minority high school juniors to the CPA profession and establishes mentoring
relationships between students and CPAs.
Within these pages, youll find content that speaks to many of the issues youve discussed
with friends or at YCPA meetings and events. This kind of publication is a first for the Society,
and wed love to hear your feedback. Please email the magazines editor, Nicole Saunders, at
firstname.lastname@example.org and tell her what you found helpful, what youd like to see more or
less of, and what moved you.
Finally, students or YCPAs who dont belong to the Societyconsider joining us! Membership
brings both tangible and intangible benefits, from networking opportunities that may lead
to your next job, to resources that help you to stay on top of the latest developments in
the profession, as well as discounts on CPE classes, CPA exam review courses and more.
Visit http://www.nysscpa.org/page/about-us/membership-center/join-us for membership
All the best,
Tekecha MorganManager, NYSSCPA Next Generation
The ties that bind
THE NYSSCPAS PROFESSIONAL DEVELOPMENT GUIDE
NEXT GEN 3
trendingWhats News and information for young professionalsEdited by Nicole Saunders
The definition of career success is changing, according to
new research. And for many professionals, it has more to do
with flextime than dollar signs. In an online survey of 4,100
professionals in the United States and abroad conducted last
fall by the management consulting company Accenture,
56 percent of respondents said that having a good work
life balance was their top criterion for defining success,
surpassing money (cited by 46 percent), recognition
(42 percent) and autonomy (42 percent). Whats
more, 52 percent said theyve turned down a
job because they were concerned about its
impact on their home lives. But finding that
balance is still a work in progress. Though just 40 percent of
respondents consider themselves to be workaholics, 75 percent
said they had worked frequently or occasionally during paid
time off, checking email, catching up on work or participating
in conference calls.
4 NEXT GEN
According to a study by the Institute of Internal Auditors (IIA), the number of U.S. companies awarding raises to their entire internal audit staff increased from 60 percent in 2011 to 64 percent in 2012. As part of its annual Internal Audit Compensation Study, released earlier this year, the IIA analyzed salary data from 311 organizations in the United States and Canada that employ more than 1,800 internal auditors. The study found that the number of raises for auditors outpaced nonauditors. Whats more, internal auditors specializing in IT, fraud and forensic, or environmental, health, and safety audits are earning higher salaries than those who perform financial and operational audits or engagements pertaining to compliance and regulatory activities. The IIA said the data suggest that organizations appreciate how critical a role internal auditors play in helping boards, audit committees and executive management navigate todays increasing governance, risk, compliance and control challenges.
How good are you at creating opportunities for yourself at the office? For a clearer view, visit www.earningserendipity.com. Its workplace serendipity quiz helps professionals measure how adept they are at taking charge of their careers.
Ever interview for a position that turned out to be much less appealing than you initially thought? Consider this: According to an eye-tracking study conducted by the job-matching service TheLadders, job seekers spend less time reading through job posts than they think they do. TheLadderss researchers had 15 participants consider conventional job postings (a second group of participants viewed job descriptions reformatted using the companys competitive-analysis technology). When asked how long they they typically spent looking at a job post before determining whether its a good fit, 37 percent said they had spent less than a minute, 44 percent said theyd spent one to five minutes and 19 percent claimed five to 10 minutes. However, technology that monitored where the participants eyes were focused and for how long during the study found that subjects really spent an average of just 49.2 to 76.7 seconds reading posts.
Technical know-how may not be enough to land a CPA his or her dream job. In a recent poll conducted by Accountemps, a specialized staffing service for accounting, finance and bookkeeping professionals, 2,100 CFOs were asked which qualifications beyond traditional accounting skills they look for in job candidates. The majority, 33 percent, said they value general business knowledge, while IT expertise came in second, at 25 percent. Fourteen percent named communication skills and 13 percent each cited leadership and customer service abilities. According to Accountemps Chair Max Messmer, Employers seek individuals who have the business acumen necessary to see the big picture and understand how a strong accounting function influences the success of the entire organization.
General Business Knowledge
Dont know/no answer1%
The non-accounting skills that may get you hired.
Auditors may have more change in their wallets.
Job hunters, how much time do you really spend reading posts?
News and Numbers
Happy at work?