Nominations Now Being Accepted for FAE Trustee Board

By:
NYSSCPA Staff
Published Date:
Jan 10, 2017
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If you are interested in serving on the Foundation for Accounting Education (FAE) Board of Trustees, now is the time to submit your nomination.

The Foundation for Accounting Education is a 501(c)(3) organization and an affiliated entity of the New York State Society of CPAs (NYSSCPA) that administers one of the Society’s most important strategic initiatives: to provide lifelong continuing education to CPAs. The FAE offers a wide selection of courses in accounting; auditing; taxation; industry-specific topics; ethics; and advisory services in multiple formats. These include live and on-demand courses online; full- and half-day conferences and seminars; on-site learning; and one- and two-credit CPE sessions provided through the NYSSCPA’s technical committees. The FAE also operates the activities of The Moynihan Fund, including its Career Opportunities in the Accounting Profession (COAP) program, and the FAE scholarship program, which grants opportunities for students pursuing a college degree in accounting in New York State.

The FAE is governed by a 12-member board of trustees that includes four officers—the president, president-elect, secretary, and treasurer—and eight members. The NYSSCPA Board of Directors Selections Subcommittee is charged with identifying individuals qualified to serve on the trustee board.

The Board of Directors Selections Subcommittee is currently accepting nominations for member terms beginning June 1, 2017.

Trustee responsibilities

FAE trustees typically meet four times a year to discuss the business of the Foundation. Trustees are responsible for approval of the FAE budget, setting the general direction for educational programs, and overseeing the activities of The Moynihan Fund, as well as evaluating requests for support from the Society’s Benevolent Fund. There is no compensation for service on the FAE board.

Eligibility requirements

To serve on the FAE Board, a prospective candidate must be a CPA and a member of the NYSSCPA in good standing. Trustees are appointed based on their interest and ability to contribute to the educational goals of the Foundation. Trustee selection, to the extent possible, represents a cross section of the Society’s membership in terms of geography and areas of professional practice.

Over and above the Foundation’s bylaw requirements, it is beneficial for candidates to have taken FAE courses, or to have been responsible for sending others to FAE programs. In addition, candidates should be familiar with the market for adult learning in a continuing professional education environment. The FAE primarily targets small- and medium-sized CPA firms for its customer base. The market is expanding into programs for industry CPAs as well.

How to submit a nomination

Those interested in serving on the FAE Board of Trustees should send an email to the attention of NYSSCPA President-elect Harold L. Deiters III at presidentelect@nysscpa.org by Monday, Feb. 13, 2017 at 5 p.m. (EST). The email should include a résumé and a statement of interest and ability to contribute to the educational goals of the Foundation.

Candidate information will be forwarded to the NYSSCPA’s Board of Directors Selections Subcommittee, which will propose to the Society’s Board of Directors the names of individuals to fill the FAE vacancies. The Society’s Board will submit its chosen nominees to the FAE Board of Trustees, which will then make its board appointments from among those nominated by the Society’s board.

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