The MSCPA is committed to diversifying the accounting profession, because we understand that a workforce that's reflective of the communities it serves is strongly positioned to succeed in an evolving, global marketplace.
Committing to diversity and inclusion is not only the right thing to do, but it’s also a profitable business strategy and increasingly viewed as an urgent business priority. Data from the American Institute of CPAs (AICPA) shows that minorities represent only one in six professionals at accounting firms nationwide, yet by 2044, minorities will become the majority of the U.S. population. Staffing the accounting profession with diverse talent will allow firms to compete in the changing business-owner demographic and remain profitable for years to come.
Year of Diversity & Inclusion
The MSCPA recognizes the urgent business case for diversity and is dedicated to developing programs and initiatives to recruit, retain and advance people from underrepresented communities. Beginning on May 1, 2019, the Society will launch its Year of Diversity & Inclusion, delivering programs and resources that promote diversity and inclusion in the accounting profession in Massachusetts. This initiative was developed as part of the Society’s ongoing advocacy efforts to advance the profession and grow the accounting pipeline.
The mission of the MSCPA is to grow diversity in the profession, from helping students move through the pipeline, to increasing retention and advancement at firms and companies. We will do this by:
- Raising awareness of the accounting profession and providing programs and financial assistance to students from underrepresented populations;
- Educating members about the business case for diversity in the accounting profession and recognizing exceptional CPAs and firms excelling in this area; and
- Working with firms to increase programs designed to retain and advance diverse talent, with the help of CEO Action for Diversity & Inclusion.
About CEO Action
The MSCPA has partnered with CEO Action for Diversity & Inclusion, the largest CEO-driven business commitment to advance diversity and inclusion in the workplace. Firms in Massachusetts are encouraged to pledge their commitment to diversity and inclusion, and the MSCPA will recognize firms that take the pledge.
Why It Matters
Companies in the top quartile for diversity are 35% more likely to outperform companies with less diversity, according to a 2015 study from McKinsey. And by 2044, underrepresented groups will become the majority in the U.S., so attracting and retaining diverse talent now will not only positively affect your firm’s/company’s bottom line, but it will also enhance your market competitiveness.
How You Can Get Involved
Please check back here for updates, as details are forthcoming. For more information, please contact Zach Donah at firstname.lastname@example.org.