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  • 03/03/2020 8:37 AM | Anonymous member (Administrator)

    Now is the right time to think about how the coronavirus could affect your business, employees, customers, and vendors. Disaster Planning is not just for hurricanes and floods but for any unplanned interruption of your business for an unacceptable amount of time. When (not if) the coronavirus affects your business it will be for much longer than a one-week flu. I have attached a list of questions for every business owner to consider with their team and help prepare their response. Do you have any idea how you would respond: - If an employee does not have available sick time, how do you make sure they do not come to work if they are sick? - How will you decide if you need to close an office? - If your customers are affected, how long can your business survive without any new sales? These questions are not easy to answer. While you might say, I hope it never happens to me – hope is not an effective strategy. The worst time to try and figure out your response is in the middle of a crisis. There are too many pressures, emotions are running high, and no one is thinking clearly. Developing a disaster recovery plan is like buying life insurance, you hope you never have to use it but if you do you are very glad that you have it!  


    Jennifer Elder, CPA, CSP
    The Sustainable CFO


    28 Disaster Response Questions
    to prepare for the coronavirus
    Questions about your employees:
    1.     Will you train your employees on how to identify coronavirus symptoms? 
    2.     If an employee does not have available sick time, how do you make sure they do not come to work if they are sick? 
    3.     How will you respond if an employee is diagnosed with coronavirus?   
    4.     Who can work from home? 
    5.     How will your employees get access to the necessary information and documents they need to work from home? 
    6.     Will you allow employees to travel? 
    7.     If employees must travel, what steps will you take to ensure their medical safety? 
    8.     How will you respond if an employee needs to care for an infected family member? 
    9.     If an employee contracts coronavirus will they only be allowed to use their accrued sick time?  
    Questions about your operations:
    10.  How will you decide if you need to close an office? 
    11.  Will you close your business for the recommended 2-week quarantine or longer? 
    12.  How will you disinfect your office? 
    13.  How will keep employees, customers, and vendors informed? 
    14.  What parts of your business are crucial to keep operating?

    Questions about your finances:
    15.  If your offices are closed, how will you collect payments? 
    16.  How long can your business survive without any new sales?
    17.   How will you pay your bills and payroll if your office is closed? 
    18.  Do you have available lines of credit? 
    19.  Will you pay your employees and for how long if you close your office? 
    20.  If an employee contracts coronavirus will they only be allowed to use their accrued sick time?
    Questions about your customers:
    21.  Will you notify customers if an employee is diagnosed? 
    22.  How will you stay connected to customers if employees are out sick or the office is closed? 
    23.  How will you deliver on contracts if the office is closed or there is a disruption in your supply chain? 
    24.  Do you have a “force majeure” clause in your contracts? 
    25.  How will you respond if a customer is affected by the coronavirus and does not pay your invoice on time? 
    Questions about your supply chain:
    26.  Do you currently source any supplies or products from China? 
    27.  How would a delay in delivery of materials and products affect your production? 
    28.  Do you have alternate suppliers?
    This is not an all-encompassing list but a place to get started thinking about your response.  While you might say, “I hope it never happens to me” – hope is not an effective strategy.  The worst time to try and figure out your response is in the middle of a crisis.  There are too many pressures, emotions are running high, and no one is thinking clearly.  Developing a disaster recovery plan is like buying life insurance, you hope you never have to use it but if you do you
  • 02/07/2020 8:46 AM | Anonymous member (Administrator)

    So what counts for CPE?  The specifics from the ND Board of Accountancy Rules are listed below.  If the State Board requests back up for your CPE you should be able to provide proof of attendance.  In many cases that might be a CPE certificate but you can also provide an attendance form from the class or verification from the course provider.  The Society can send you a copy of your reporting form (if you have misplaced yours).  We can also print a signed transcript (this is preferred by the MN State Board of Accountancy).

    In the future the ND Board of Accountancy is planning to participate in a NASBA system where you would record your CPE and immediately upload that proof of attendance.  So keep those records in order!!  The Society is planning to upload our CPE information directly into the NASBA system so those records would already be uploaded.  It's anticipated that this new reporting system would be in place for the June 2021 reporting deadline. 

    The overriding consideration in determining if a specific program qualifies as a continuing education program is if it is a formal program of learning which contributes directly to professional competence. The program must also meet the specifications below.

    1. Formal programs requiring class attendance may qualify only if:
    a.  An outline is prepared in advance and is preserved;
    b. The program is at least one-fifth continuing education credit-hour in length;
    c. The program is conducted by a qualified instructor; and
    d. A record of registration or attendance is maintained.

    2. Formal programs not requiring class attendance (self-study), may qualify only if:

    a. A program syllabus is prepared in advance and is preserved;
    b. The program is at least one-fifth continuing education credit-hour in length;
    c. Program materials are prepared by qualified authors;
    d. The program is offered and administered by an appropriate sponsor; and
    e. Records of registration and documented completion are maintained.

    3. Programs offered by organizations registered in the NASBA national registry of CPE sponsors qualify for continuing education provided they meet the requirements of this article.

    If you have questions about any of these requirements, the Society can try to help.  However, the final say will be determined by the North Dakota Board of Accountancy.  They can be reached at 701-775-7100 or 800-539-5904.

  • 10/02/2019 5:29 PM | Anonymous member (Administrator)

    Looking to expand your services?  Consider becoming a Peer Reviewer.  Here's a link to a page with qualification requirements and much more information!

  • 07/12/2019 4:19 PM | Anonymous member (Administrator)

    Amanda Gessner, CPA, CFE was one of only 38 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s 11th graduating class. Amanda was selected based on her exceptional leadership skills and professional experience for the four-day Leadership Academy program, which will be held from October 6-10 in Durham, N.C. 

    Amanda is an Audit Manager with Schmitz-Holmstrom, LLP.  She graduated from the University of Minnesota-Crookston.  She also graduated from the Women’s Leadership Program from the Center for Technology & Business, a six-month program dedicated to expanding personal, professional, community, and health leadership skills for women.  She has previously served on the Board and Finance Committee for the BisMan Community Food Co-Op.  She is also a member of the Bismarck-Mandan Young Professionals.

    The AICPA Leadership Academy was designed to strengthen and expand the leadership skills of promising young professionals while they network with a peer group of talented and motivated CPAs. The Leadership Academy features career-development workshops and sessions with some of the accounting profession’s most prominent influencers, including William (Bill) Reeb CPA, CITP, CGMA, chair of the American Institute of CPAs, Barry Melancon, CPA, CGMA, American Institute of CPAs president and CEO, Association of Certified Professional Accountants CEO, and Mark Koziel, CPA, CGMA, Executive Vice President – Firm Services, Association of Certified Professional Accountants.

    Participants were selected from public accounting firms of all sizes, business and industry, academia and consulting firms.

    The 2019 Leadership Academy attendees were recommended by their employers, state CPA societies or both. Candidates submitted resumes and a statement explaining how participating in the Leadership Academy would impact them personally and professionally. They also wrote an essay on the topic “The future will bring significant changes to the accounting profession. What do leaders have to get right in order to successfully lead? 

    To date, 351 CPAs have participated in the AICPA Leadership Academy, many of whom have gone on to take on leadership positions in their firms, businesses and volunteer organizations.

    More information about the AICPA Leadership Academy is available online

  • 06/24/2019 10:51 AM | Anonymous member (Administrator)

    To renew your license, go the the North Dakota State Board of Accountancy website located at

  • 06/19/2019 11:13 AM | Anonymous member (Administrator)

    Recently it has come our attention many of your clients have been receiving IRS notices concerning the 199a deductions.  If your clients have received these there is help. 

    Office of Senator John Hoeven
    338 Russell Senate Office Bldg.
    Washington, D.C. 20510
    P: 202-224-2551

  • 06/19/2019 11:11 AM | Anonymous member (Administrator)

    The AICPA and NASBA have been working on an initiative that aims to re-imagine initial CPA licensure requirements to build a future-ready profession where CPAs have the skills and knowledge necessary for a technologically driven marketplace. 

    The AICPA and NASBA are requesting that members, state boards of accountancy, state CPA societies and other stakeholders share their feedback on the principles.  Information can be found at

    The CPA Society Board of Directors is interested in representing the views of our membership.  You may comment directly on the website but we would also ask that you share your opinions with the Society by emailing This will help to ensure we represent you!

  • 01/18/2019 2:47 PM | Anonymous member (Administrator)

    How a Few Little Letters Can Change Your Career

    When there are hundreds of thousands of financial professionals at work in public accounting, business and industry, government, academia and consulting, how can you stand out in such a crowded profession?

    Many financial professionals do this by leveraging the rapid growth of advisory services. By offering specialized knowledge to your clients or employer, you’re positioned to be more competitive in the marketplace and are able to differentiate yourself from others in the field. And that translates into increased compensation and career advancement opportunities. Firms are finding that offering more services can increase their bottom line.

    When you move beyond compliance work to more future-oriented, value-added work, you can do more for your clients, serving them in new ways. Organizations with credentialed professionals realize increased profit margins through the management of risk, improved controls, process and workflow improvements and faster decision-making through simulations and data analytics.

    The fact is, value-added services are not just a trend, and they are not going away. Of Accounting Today’s Top 100 Niche Services, business valuation consistently has ranked in the top five for the past 15 years. Also, an IBISWorld 2012 report projects that forensic accounting will grow at a rate four times that of the U.S. accounting profession through 2017. Financial planning follows closely at a growth rate that is double that of the accounting profession.

    According to the Robert Half 2016 Salary Guide, the need for financial professionals with technology experience is rising, given the complexities of systems and tools, and emerging technologies.

    Unlock the Possibilities

    The AICPA offers the only credentials built on the foundation of competency, objectivity and integrity. The credentials are: Certified in Financial Forensics (CFF®), Personal Financial Specialist (PFS™), Accredited in Business Valuation (ABV®) and Certified Information Technology Professional (CITP®).

    According to [name], CEO of [state society name], “financial professionals who are looking to move up in their career, add greater value in the workplace and take advantage of the recent growth of advisory services within the accounting profession should pursue a credential.”

    Credentials for All Areas of Interest

    Forensic accounting has become one of the fastest growing specialty-practice areas for U.S. financial professionals who want to demonstrate their knowledge, skills and experience in the forensic accounting area. The CFF credential encompasses fundamental and specialized forensic accounting skills that you can apply in a variety of service areas, including bankruptcy and insolvency; computer forensic analysis; family law; valuations; economic damages calculations; and fraud prevention, detection and response. In addition, the CFF credential sets you apart as an expert witness in the courtroom.

    The PFS credential showcases a financial professional’s expertise in personal financial planning. This credential is an excellent next step for financial professionals seeking to expand or diversify a tax-focused practice. Your comprehensive knowledge in financial planning and tax enable you to bring a holistic approach to your clients’ financial needs, whether advising in retirement, estate, tax, risk management and/or investment planning.

    Two major factors are driving up the demand for financial planners. First, given the complexities of ATRA and the new net investment income tax that will affect every area of financial planning, clients are looking for objective guidance. Secondly, large numbers of boomers are heading into retirement and seeking advisers to help them plan accordingly to avoid outliving their financial resources.

    The ABV credential is ideal for financial professionals who want to enter this in-demand area by positioning themselves as a premier business valuation service provider who goes beyond the core service of reaching a conclusion of value to creating value for clients through the strategic application of this analysis.

    The rise in demand for business valuation experts and firms that offer this service has been fueled by a rapid increase in merger and acquisition activity, gifting and estate transfers, and the Small Business Administration’s requirement for independent business valuations on loan regulations. Other valuation services include valuing a business due to transfer of ownership, divorce settlement, fair value accounting, ESOP valuations, economic damage calculations, and expert witness or litigation support.

    Financial professionals who have considerable expertise in information management and technology assurance should seek the CITP credential. Financial professionals who have earned the CITP credential are recognized for their unique ability to provide technology-related assurance and business insight by leveraging knowledge of information, data relationships and supporting technologies.

    This credential spans a broad base of knowledge from IT assurance, IT risk management and security, and privacy to analytics and emerging technologies. CITP credential holders are helping their clients or organization improve operations, ensure financial data integrity, determine risks associated with financial reporting, and prevent and detect fraud.

    A Closer Look at the Requirements

    In addition to being an AICPA member in good standing and signing a Declaration of Intent to comply with the requirements of credential recertification, each candidate must also meet the following requirements:


    Exam Requirement

    Business Experience Requirement

    Education Requirement


    Pass the CFF Examination

    1,000 hours of business experience in forensic accounting within the five-year period preceding the date of the CFF application

    75 hours of forensic accounting continuing professional education (CPE) within the five-year period preceding the date of the CFF application


    Pass one of three comprehensive exams: Personal Financial Specialist (CPA/PFS), Certified Financial Planner® (CFP) or Chartered Financial Consultant (ChFC)

    3,000 hours of personal financial planning experience within the five-year period preceding the date of the PFS application; up to 1,000 hours of tax compliance experience can count toward the total experience requirement

    75 hours of personal financial planning CPE within the five-year period preceding the date of the PFS application


    Pass the ABV Examination (this is waived for Accredited Members and Accredited Senior Appraisers of the American Society of Appraisers)

    Either 6 business valuation engagements or 150 hours of business valuation experience within the five-year period preceding the date of the ABV application

    75 hours of valuation CPE within the five-year period preceding the date of the ABV application


    Pass the CITP Examination


    1,000 hours of business experience in information management and technology assurance within the five-year period preceding the date of the CITP application

    75 hours of information management and technology assurance CPE within the five-year period preceding the date of the CITP application


    Resources Available From the AICPA

    No matter which credential you pursue, the AICPA supports you every step of the way by providing everything from exam prep materials to exclusive tools and technical resources that will help you, as a credential holder, maintain the highest level of competency in delivering advisory services. When you’re ready to take your career to the next level with an AICPA credential, visit


  • 12/20/2017 3:38 PM | Anonymous

    NDSU has a scholarship fund in the name of Terry Knoepfle, CPA.

    Terry was a past president of the North Dakota CPA Society.

    For more information about the fund, contact 701-400-2681 or cody

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