DATA DRAFT

CPAs in seats

Across the country, 104 CPAs are currently sitting in state-level government seats, helping to shape their states’ policies and legislation. Here’s the breakdown:

STATE REPRESENTATIVES AND STATE SENATORS (66)

68%

32%

ELECTED OR APPOINTED LEADERSHIP ROLES (38)

Did you know?

One CPA serves as a governor: Rick Snyder, CPA, in Michigan, and one as lieutenant governor: Mary Taylor, CPA, in Ohio.

Source: American Institute of CPAs (AICPA) State Regulation and Legislation Team

CONFLICT MINERAL CONSTERNATION

It’s not so easy to follow the U.S. Securities & Exchange Commission’s disclosure rule surrounding confl ict minerals. A new report from the Government Accountability Offi ce (GAO) found that two-thirds of public companies subject to the rule could not determine the origin of their confl ict minerals.

Under the rule, mandated under the DoddFrank Act, companies must identify the source of any of four minerals (gold, tin, tungsten and tantalum) that could be linked to violence in Africa. Th e GAO report discovered 67 percent could not determine the source of their confl ict minerals due to diffi culty obtaining the information from suppliers and communication issues. Th e confl ict minerals disclosure rule is proving expensive; Tulane University found that public companies paid approximately $709 million last year to comply. n

Becoming a mentor or finding one is now easier than ever with the new MentorMatch program from the VSCPA! Learn more about MentorMatch on Connect at

connect.vscpa.com.

Contact VSCPA Member Engagement Manager Laura Cobb at lcobb@vscpa.com if you have any questions.

Enroll in MentorMatch Today!

>> BY THE NUMBERS

82

The number of hours drivers in the Washington, D.C., metro area are stuck in traffi c per year, according to the Texas A&M Transportation Institute. That’s No. 1 in the nation, followed closely by Los Angeles (80 hours), San Francisco (78 hours) and New York (74 hours). n