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  2. Closing the Gap: Diversity and Inclusion in FVS, Part 2

Closing the Gap: Diversity and Inclusion in FVS, Part 2

Jul 27, 2020

Guests: Jen Bao, CFA, Kathryn Byrne, CPA/CGMA, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV

In the US, although CPAs are relatively balanced by gender, only 19% of firm partners are women. We see similar trends in the gender gap when it comes to specialized credentials, such as the ABV and CFF. The race gap in the CPA profession, unfortunately is one that stubbornly remains. Per a July 2019 Bloomberg article, of over 650,000 CPAs less than 1% are black and 7% are Hispanic. The race gap in the profession in general, flows through to a race gap in the specializations. Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. As clients, markets and candidates have become more diverse, an inclusive workforce provides a means of sustaining innovation, improving global competency and tapping in to the buying power of a diverse global market. Studies show that companies with diverse management teams have higher revenues, outperform on profitability, and are more likely to have superior value creation. A pathway towards a more inclusive workforce includes a focus on recruitment AND retention.

Jen Bao, Kathryn Byrne, Rumbi Petrozzello and Kirstine Connors discuss the “Women at Mazars” initiative and its success in recruiting and retaining diverse candidates. In this episode, they discuss:

  • How has “Women at Mazars” impacted the firm? What are the metrics?
  • What is Jen’s experience seeing more diversity as a valuation specialist in forensic and valuation services at Mazars?
  • Are there other aspects of underrepresentation in our profession that Mazars is looking at?

The episode is brought to you by the AICPA’s Forensic and Valuation Services Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing forensics, valuation, fraud, fair value and damages and by the CFF Credential and ABV Credential programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/fvs to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.