The State of the Accounting Profession
A return engagement with IMA President and CEO Paul Sharman
Date: Tuesday, October 2 @ 7:00 PM (Cocktail reception @ 6:00 PM)
Location: Embassy Suites Hotel
2885 Lakeside Drive
Santa Clara, CA 95054
Price: Students $20, Members $30, and Non-Members $40
RSVP: Shirley Zhu, firstname.lastname@example.org
Please RSVP by September 28 so we can ensure the right number of meals.
We will add a $5 late charge for RSVPs taken after September 28.
Please indicate if you want a vegetarian meal when you RSVP.
The accounting profession in the United States is in a state of crisis. US GAAP has expanded from under 2000 pages
to over 20,000 (not counting interpretations) in just 20 years. End-users of accounting information are not involved in
the standard-setting process. Accounting education is dominated by financial reporting, auditing, and tax issues - even
though 90% of accounting graduates won’t be doing that kind of work – and we are running out of professors to teach.
These trends existed before Sarbanes-Oxley which, although well-intentioned, has resulted in a dual set of conflicting
Section 404 standards that hurts US competitiveness. The SEC claims to wants simplicity but is dominated by auditors
and lawyers with no incentive to get there.
CEOs and CFOs identified an accounting skills gap as early as the 1980s. Have we made any progress? Come hear
one of the accounting profession’s best speakers address these issues, what IMA is doing to solve these problems – and
why you are part of the solution!
About the Speaker: Paul Sharman is the President and CEO of the Institute of Management Accountants (IMA®) and
has had an immediate impact on the organization since taking office in January 2004. Not content to merely coordinate
the activities of IMA’s paid staff from the Montvale, NJ headquarters, Paul has taken our organization on the offensive
and has been the primary voice for establishing an entirely new direction for the IMA, our members, paid staff, and the
management accounting profession. His mission is to advance the management accounting and finance profession
through certification, superior professional ethical standards, and competence-based continuing education. For these
reasons Paul has been honored for the second year in a row as one of Accounting Today’s “100 Most Influential
People” recognizing exemplary leaders in the accounting profession.
Paul believes the strength of IMA’s chapters and councils is essential to rebuilding the IMA community, the
management accounting profession, and restoring good governance to our public, private, government, and nonprofit
organizations. Chapter visitations such as this are an important aspect of rebuilding the IMA foundation and Silicon
Valley chapter is pleased to once again host this key leader of our organization.