31st Annual Governmental Accounting MISSISSIPPI SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS VOLUME XLVIII MAY 2014 And Auditing Conference Thursday & Friday August 14 & 15, 2014 Hilton Jackson Member $280 Non-Member $380 16 Hours of CPE Members can register online. Anyone can register by completing the standard CPE registration form at www.ms-cpa.org New CPAs Welcomed April 19 During State Board Ceremony The Mississippi State Board of Public Accountancy welcomed and recognized new CPAs during In This Issue their Spring ceremony Saturday, April 19 at the New Capitol. State Society President Beth Burgess Welcome New Members ...................2 introduced the new CPAs to the MSCPA and Daniel Scarbrough, President of the Young CPA Network, described activities of the Young CPA Network and invited them to become active. Keynote Mail Ballots Available .......................2 speaker was Dr. Hugh Parker, Retired Senior Partner of Horne LLP. Dr. Rick Elam, Chairman of the Convention Housing Form ................3 State Board, administered the Oath of Title. The new CPAs recognized Saturday included Shondra Alita Barker, Hunter Ellis Barlow, Laura McGarrh Barlow, Travis Lamarlo Brown, Susan DeWitt Meet the Candidates ...................... 4-5 Burrell, Melody A. Byrd, William Rhine Chesteen, Lori Knight Crocker, Kyle Wesley Goldman, Practice Continuation Clifton H. Hinson, Margaret Anne McGuire, Barry Duane McKenzie, Zachary Aaron Ring, Briana For Small Firms ................................8 Elise Russell, Brian Keith Strickland, and Kimberly Michelle Williams. Billing, Collecting and Disengagement ................................10 2014 MSCPA Convention June CPE Programs ................... 13-22 June 26-29, 2014 The 2014 MSCPA Annual Convention a four-hour course on Real Life Fraud Cases 2014 MSCPA is June 26-29, 2014 at the Sandestin Golf & Thursday afternoon. A separate brochure with Beach Resort in Sandestin, Florida. President complete details is available on the two four- Convention Beth Burgess extends an invitation to all hour programs. June 26-29, 2014 MSCPA members and friends of the Society The convention registration desk opens Sandestin Golf & Beach Resort to attend. at 1 p.m. Thursday on the second level of the (Convention registration forms have been Baytowne Conference Center. The welcome v v v v v posted to the Society’s website at www.ms-cpa. reception starts at 7 p.m. in the Azalea org) Ballroom officially opening the meeting 2015 MSCPA Activities begin on Thursday, June 26 as and members will be greeted by the current Convention exhibitors set up in the Baytowne Conference MSCPA officers. June 25-28, 2015 Center. Two four-hour CPE programs are Tommye Barie, AICPA Vice Chairman, offered with Donna Ingram, CPA, CFE, presents a Professional Issues Update at 9 Sandestin Golf & Beach Resort CRFA presenting a four-hour Ethics, Rules & a.m. on Friday… Regulations Seminar Thursday morning and continued on page 6 2 Welcome New Members New members include: Katherine Published Harrell Knight and Kimberly Michelle by the Williams. Now completing the membership Mississippi Society of process are: Certified Public Accountants Valerie W. Bogart was born in New Orleans and received her Bachelor of 306 Southampton Row Science in Accounting from the University The Commons of Southern Mississippi. She is a Highland Colony Parkway Supervisory Examiner with the National Ridgeland, MS 39157 Credit Union Administration in Atlanta. Susan D. Burrell was born in Jackson PHONE: (601) 856-4244 and received her Bachelor of Business FAX: (601) 856-8255 Administration from Belhaven University. E-MAIL ADDRESS: She is Pension Administrator with [email protected] Stevens, Dowd & Company in Jackson. Barry Duane McKenzie was born in Starkville and received an Associate’s OFFICERS degree from Jones Junior College, a Bachelor’s degree from the University President of Southern Mississippi and an MBA Beth Burgess, Jackson from Mississippi State University. He is a Manager/Supervisor with Watkins, Ward Vice President/President-Elect & Stafford in Jackson. Karen Moody, Jackson Zachary Aaron Ring was born in Memphis and received Bachelor in Secretary Accountancy and Master of Professional Anna Langley, Oxford Accountancy degrees from Mississippi State University. He is a Staff Accountant with Haddox Reid Eubank & Betts in Treasurer Jackson. Charles Prince, Magee Sharon R. Stone was born in Jackson and received a BS in Accounting from Immediate Past-President Mississippi State University. She is a Lee Adams, Jackson Financial Reporting Accountant with Ergon, Inc. in Flowood. Executive Director Jack O. Coppenbarger Mail Ballots Available for The CPA Newsletter is the official publication of the Mississippi Society Officer Election of Certified Public Accountants. The Members who choose to cast an Newsletter invites articles of interest to absentee ballot for the 2014-2015 officer the profession and gives credit to the slate and the at-large Board of Governors member may now request a ballot from author; however, it reserves the right the Society office. to edit articles for correct spelling, Requests should be made in writing wording and punctuation. to the MSCPA, 306 Southampton Row, Opinions expressed are not Ridgeland, MS 39157 or by email to [email protected]. The Bylaws require necessarily the official policy of the that an absentee ballot must be voted and MSCPA. Advertising is accepted in returned to the Society office no later than good faith that the product/services are five days prior to the date of the Annual Business Meeting (June 28). of value stated. See pages 4-5 for photos and profiles on the candidates. Mississippi Society of Certified Public Accountants May 2014 3 May 2014 Mississippi Society of Certified Public Accountants 4 2014-2015 President Karen Moody, Jackson MEET THE CANDIDATES Vice President / President-Elect Donna Bruce is a Partner with BKD, LLP in Jackson Cheryl Lee has been with Haddox Reid Eubank and serves as the Tax Director. She was previously a Betts since 1986 after her graduation from University Member with Johnson, Bruce & Host, PLLC and a Tax of Southern Mississippi. As a tax partner, she is the Managing Director with KPMG, LLP. Donna primarily leader of the firm’s Physician Practice Services Team practices in the area of personal financial planning and is also in charge of the Client Accounting Services serving individuals, family groups, and closely-held department. She manages tax and tax planning, payroll business clients. She also works extensively with tax and bookkeeping, retirement plan administration and exempt organizations. Donna is a 1987 graduate of advisory services for clients in the healthcare and related Mississippi State University. She has previously served industries. She has been active in the MSCPA having as Secretary of the MSCPA and currently serves on the served as Treasurer, was on the Board of Governors and MSCPA Non-Profit committee. She is a past president has held several officer positions for the Central Chapter. Currently, she serves of the Estate Planning Council of Mississippi and past chairman of the Mississippi on the Taxation committee for the State Society. Cheryl was also a trustee for the Tax Institute. Donna is a member of the MS Baptist Health System’s Estate & Gift Advisory Board. She is a graduate of Leadership Mississippi and has been Mississippi Tax Institute. During her spare time, she serves on the Board of the recognized as one of the “Top 40 Under 40” and one of the Mississippi’s “50 Bower Foundation and is a member of Country Woods Baptist Church in Byram, Leading Business Women” by the Mississippi Business Journal. Donna is a Mississippi where she is a member of the Worship Ministry Team. She is married sustaining member of the Junior League of Jackson having previously served on to Gary and has two daughters and two grandchildren. the board of directors and currently serves as the sustaining advisor to the league’s board of directors. She is active with the Mississippi Children’s Museum serving as the current Finance Committee chair and having previously served as chair of the Audit Committee. Donna is an avid runner. She and her husband, Clark, live in Madison and attend Broadmoor Baptist Church. Treasurer J. Scott Christian is a member with The Gillon Diana Hardin is a manager at HORNE, LLP in the Group, PLLC in Natchez. He has over 20 years of audit, Government Services practice group in Ridgeland, tax and consulting experience in public accounting. MS. She currently oversees the disaster compliance Scott has worked extensively in the banking, division where she works with clients in multiple states healthcare, manufacturing, oil and gas and not for profit industries. Prior to embarking on his public accounting to provide guidance on government regulations and to career, Scott spent 7 years in the banking and financial design and implement processes to provide transparency services field. Scott is a native of Natchez. He earned and accountability. She received a Bachelor’s Degree his Bachelor of Business Administration degree from in Business Administration from Mississippi College Millsaps College. He also holds a Masters of Business and a Master of Accountancy from the University of Administration from Christian Brothers University Mississippi. She has also earned the Certified Internal and a Master of Science in Accounting Systems from Auditor (CIA) designation. She is a past president of the Central Chapter of the the University of Memphis. Within the local community, Scott currently serves MS Society of CPAs. She is a member of the American Institute of Certified as Treasurer of the Natchez Downtown Development Association, President of Home Builder Association of Natchez, Secretary/Treasurer of the St. Catherine Public Accountants and the Institute of Internal Auditors. Diana currently resides Creek Utility District, and Treasurer of Beau Pre Country Club. He is a member in Madison with her husband, Cliff, and their two children, Alex and William. of the Rotary Club of Natchez, Cathedral School Athletic Association, and the They are active members of Broadmoor Baptist Church.