Steps toward closing the gender pay gap | Report finds shift in accounting firm hiring | Steps for enhancing LGBT advocacy in global companies
September 11, 2019
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Steps toward closing the gender pay gap
Female accountants and auditors made less than their male colleagues did, according to a 2018 report from the American Association of University Women. Organizations can take several steps to close the gap, including tracking compensation metrics, narrowing ranges for starting salaries and setting objective guidelines for providing pay raises.
Journal of Accountancy print issue (9/2019) 
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Put your financial future first.
Women in accounting have come a long way professionally, but still face challenges when it comes to long-term financial security. Discover how you can help yourself achieve financial wellness with resources and tools available to you as an AICPA member. Learn more.
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Leadership & Trends
Report finds shift in accounting firm hiring
A record 44% of enrollees in accounting bachelor's degree programs were nonwhite in the 2017-18 academic year, according to an AICPA survey. There was a nearly even gender split among enrollees in bachelor's and master's programs. In addition, the report shows that firms are increasingly hiring nonaccounting graduates.
Journal of Accountancy online (8/13) 
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Steps for enhancing LGBT advocacy in global companies
Multinational companies have a valuable role to play in encouraging inclusion of LGBT individuals around the world. Certain actions -- including strengthening employee resource groups and building coalitions with external organizations -- can help companies become more effective advocates.
Harvard Business Review online (tiered subscription model) (8/15) 
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Why soft skills are key to accounting's future
Soft skills are gaining importance in accounting, with Andrew Harding of the Association of International Certified Professional Accountants noting that "finance professionals need to become business influencers and leaders." As automation and artificial intelligence reshape the profession, skills such as communication, time management and critical thinking will be key.
Accountancy Age (London) (tiered subscription model) (8/28) 
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Business Case for Diversity & Inclusion
For a more resilient company, reach out to those affected by bias
Diverse companies may have several advantages over their less-diverse counterparts, including greater resilience and effectiveness. Leaders can make a difference by establishing diversity goals and participating in programs focused on groups that tend to experience bias.
Forbes (8/21) 
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What leaders can do to foster a sense of belonging
A sense of belonging can be a powerful motivator, and it all starts with establishing trust in your company and its mission. Facilitate this culture of belonging by making time for regular collaboration and creating a nonjudgmental space for people to share their experiences.
Forbes (8/26) 
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4 strategies to attract and retain female talent at your firm
Companies in which women account for at least 15% of senior managers tend to be more profitable than their less-diverse peers, according to a Credit Suisse report. Check out these four strategies to improve gender diversity, starting with taking a clear public stance on the issue.
AICPA Insights (8/14) 
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Recruitment & Retention
15 ways to turn diversity goals into reality
Starting internship programs designed to bring in a broader range of candidates is one way to counteract unconscious bias and advance diversity goals. Other steps include welcoming diverse opinions, investing in international hiring and expanding your network.
Forbes (8/28) 
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Sponsorship is a key part of the advancement process
One key to ensuring that women have more advancement opportunities at work is to provide effective sponsors. The best sponsors are able to identify high-potential talent, provide opportunities for development and find the right stretch assignments for their proteges.
Harvard Business Review online (tiered subscription model) (8/7) 
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Technology increasingly supports diversity, inclusion
The market for diversity and inclusion technology is growing and evolving as companies focus on goals such as broadening their talent pipelines and achieving pay equity. These solutions are focused in areas such as talent acquisition, analytics and employee development.
Society for Human Resource Management (tiered subscription model) (8/27) 
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Poll
I feel like my colleagues understand who I really am.   
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Results of last month's poll question
Promotion decisions are fair at my company.
Disagree  26.53%
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Strongly agree  16.33%
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AICPA Diversity & Inclusion News
Rescheduled webcast on Women in the Accounting Profession
Are women taking their place at the executive levels, and if not, how can we make that happen? We will look at the current gender trends in our profession and explore challenges and strategies to further the goal of women in leadership in a webcast on Sept. 12 from 12:30-1:30 p.m. ET. Register here.
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Inclusion 2.0: Getting from Intent to Impact
Join us for a webcast with Khalil Smith from the NeuroLeadership Institute and get answers to these questions and more: What is inclusion? What does it mean to be inclusive? How can leaders ensure they're being inclusive when it means different things to different people? In this webcast, we'll review a model for inclusion, the value of shared language, and the underlying neuroscience of inclusion. Email diversity@aicpa.org to be notified when registration link is live.
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Future CPA Career Exploration Summit
Underrepresented minority undergraduate students at eligible HBCUs who are interested in accounting careers are invited to apply to the Future CPA Career Exploration Summit. Share this with your contacts! Application deadline is Oct. 4. Find out more.
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How to Build Your Career as an Internationally Trained Accountant in the US
Jenny Herrera, CPA, CGMA, a member of AICPA's National Commission on Diversity and Inclusion, participated in a webinar for internationally trained accountants, sharing her experience emigrating to America and pursuing a career as CPA. The webinar was organized by WES Global Talent Bridge, a program dedicated to helping immigrants and refugee professionals fully utilize their skills and education in the US. Watch the free webinar on-demand here.
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Preservation of one's own culture does not require contempt or disrespect for other cultures.
Cesar Chavez,
labor leader and activist
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About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers credentials for a number of specialized areas. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.
About the AICPA National Commission on Diversity and Inclusion
The AICPA National Commission on Diversity and Inclusion was formed to serve as champions within the accounting profession and to work toward proposing strategies to recruit, retain, and advance minorities in the profession. The National Commission on Diversity and Inclusion has set a new course to address best practices and develop tools to help members and firms succeed in their diversity and inclusion efforts.
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Contact AICPA
AICPA Service Center
220 Leigh Farm Road
Durham, NC 27707-8110
Phone: 888.777.7077
Fax: 800.362.5066
service@aicpa.org
www.aicpa.org
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