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Professional Practice

EMPLOYEE BENEFITS COMMITTEE
To monitor developments affecting employee benefit plans in the areas of accounting and financial reporting, auditing, Department of Labor and Internal Revenue Code rules and regulations, and to enhance members’ understanding and promote their compliance in these areas. The Committee typically meets face-to-face 4 times per year with additional subcommittee participation as needed. To visit this committee as a guest please contact the staff liaison Paul Pierson.

NOT-FOR-PROFIT ORGANIZATIONS COMMITTEE
To encourage excellence in the management of not-for-profit entities and in the performance of professional services for these not-for-profit organizations. The Committee typically meets 4 times per year with additional sub-committee participation and attendance at least twice per year.To visit this committee as a guest please contact the staff liaison Heather Lindquist

TAXATION - BUSINESS COMMITTEE
To monitor, respond to and advise members about current developments related to business taxation, particularly IRS communications regarding significant revisions to regulations and legislation. Specific areas of responsibility include C corporations, mergers & acquisitions, accounting periods & methods, and international taxes. The Committee typically meets 5 times per year with additional sub-committee participation and attendance at least twice per year.To visit this committee as a guest please contact the staff liaison Oralia Guajardo

TAXATION – ESTATE, GIFT & TRUSTS COMMITTEE
To monitor, respond to and advise members about current developments related to estate and gift taxes, and fiduciary income tax and accounting issues, particularly IRS communications regarding significant revisions to regulations and federal and state legislation. The Committee typically meets 5 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Oralia Guajardo

TAXATION – FLOW-THROUGH ENTITIES COMMITTEE
To monitor, respond to and advise members about current developments related to the taxation of flow-through entities, particularly IRS communications regarding significant revisions to regulations and legislation. Specific areas of responsibility include S corporations, partnerships, limited liability companies and real estate. The Committee typically meets 5 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Oralia Guajardo

TAXATION - INDIVIDUAL COMMITTEE
To monitor, respond to and advise members about current developments related to individual taxation, particularly IRS communications regarding significant revisions to regulations and legislation. The Committee typically meets 5 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Oralia Guajardo

TAXATION - INTERNATIONAL COMMITTEE
To monitor, respond to and advise members about current developments related to international taxation, particularly IRS communications regarding significant revisions to regulations and legislation affecting cross-border tax issue reporting and planning, ratification of new or modified U.S. tax treaties, and changes in IRS enforcement relating to international tax issues. The Committee typically meets 5 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Oralia Guajardo

TAXATION – PRACTICE & PROCEDURES COMMITTEE
To monitor, respond to and advise members about current developments related to practice and procedures issues, particularly IRS communications regarding significant revisions to regulations, the AICPA “Statements on Standards for Tax Services,” and legislation. Specific areas of responsibility include Circular 230, tax preparer penalties, professional tax standards and best practices in this area. The Committee typically meets 5 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Oralia Guajardo

TAXATION – STATE & LOCAL COMMITTEE
To monitor, respond to and advise members about current developments related to state and local taxes, particularly significant revisions to tax rules and regulations, and legislation in Illinois and other states. The Committee typically meets 5 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Oralia Guajardo

Quality Assurance & Public Protection

ACCOUNTING PRINCIPLES COMMITTEE*
To further the development and recognition of generally accepted accounting principles and to enhance members' understanding and promote their compliance with these principles. The Committee typically meets every month with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Gayle Floresca

AUDIT & ASSURANCE SERVICES COMMITTEE*
To further the development and recognition of generally accepted auditing, attestation and quality control standards promulgated by the AICPA Auditing Standards Board (ASB), AICPA Accounting and Review Services Committee (ARSC) and the Public Company Accounting Oversight Board (PCAOB), and to enhance members' understanding and promote their compliance with these standards. The Committee typically meets every other month with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Heather Lindquist.

ETHICS COMMITTEE*
The Ethics Committee is charged with the responsibility of interpreting and enforcing the Society’s Code of Professional Conduct and Bylaws.  ICPAS, in accordance with the provisions detailed in the Joint Ethics Enforcement Program (JEEP) agreement with the AICPA, conducts investigations of alleged misconduct made by the general public, other professionals and government agencies against CPAs who are members of the ICPAS. The Committee meets 5 times per year with the possibility of additional sub-committee participation. If you have any questions, please contact the staff liaison Oralia Guajardo.

GOVERNMENTAL EXECUTIVE COMMITTEE*  
To encourage excellence in the performance of professional services related to accounting for and auditing of federal, state, and local governmental units and agencies. The Committee typically meets 4 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Oralia Guajardo

GOVERNMENTAL REPORT REVIEW COMMITTEE
To conduct annual reviews of audit opinions issued by public accountants and related annual financial statements for Illinois units of local government, collect information on common errors, and distribute such information to the membership. The Committee meets 5 times per year with the possibility of additional sub-committee participation. Members of this Committee are required to participate in Committee Day and the yearly Governmental Report Review Committee courses. To visit this committee as a guest please contact the staff liaison Oralia Guajardo..

Programs & Special Issues

AWARDS COMMITTEE

To seek and review nominations for the Society's Outstanding Educator Awards, Advancing Diversity Awards, and Young Professionals Leadership Award. To review recommendations for the Society’s Time and Talent Public Service Volunteerism Award and Distinguished Service Awards. To recommend award recipients to the Board of Directors. If you have any questions, please contact the staff liaison Paige McLeod.

CPA EXAM AWARD TASK FORCE
To help CPA candidates in Illinois achieve the credential by awarding scholarships. Task Force members are responsible for reviewing applications and identifying the most qualified candidates to receive the award four times a year. The Task Force typically meets once a year and completes most of its work via email. If you have any questions, please contact the staff liaison Rebecca Davidson

WOMEN’S CONNECTIONS COMMITTEE
To provide women CPA professionals with unique opportunities for interaction, education and empowerment. The Committee typically meets 4 times per year. For more information, please contact staff liaison, Sarah Herrmann.

WOMEN’S EXECUTIVE COMMITTEE
To advise on the development of programs and activities to provide networking opportunities and valuable information aimed specifically at women CPAs, and to identify and encourage women into leadership positions. The Committee typically meets 4 times per year with additional sub-committee participation and attendance at least twice per year. To visit this committee as a guest please contact the staff liaison Kristin McGill.

Also, don't miss out on the -

YOUNG PROFESSIONALS GROUP
The YPG provides opportunities for young professionals to develop leadership skills that will enable them to stand out in their careers, gain credibility and make those all-important connections. To be added to the YPG, contact Sarah Herrmann.




* Indicates Senior Committee. Senior Committees may express opinions on exposure drafts of proposed accounting, auditing, ethics, and tax standards or regulations directly to the issuing body without approval from the Board of Directors.

 

 

contact

Questions, comments, feedback? 

Paige McLeod
Manager, Volunteer Engagement and Governance| 312.517.7615