MAUI, Hawaii--(BUSINESS WIRE)--Tim Christen, chairman and CEO of the Top 15 accounting and advisory firm Baker Tilly Virchow Krause LLP, is the new chairman of the board of directors of the American Institute of CPAs, the world’s largest member organization representing the accounting profession.
Christen struck a tone of urgency in his acceptance speech, saying the profession should embrace change – and do it fast – to ensure a bright future, attract the best talent and be in the strongest position to serve the public interest.
“Will we be the ones to take charge of our destiny and lead our profession to greater relevance and opportunity?” asked Christen, CPA, CGMA. “Or will we be mere passengers, sitting in the back seat of a bumpy ride to an unknown destination? I vote for the driver’s seat.”
Christen, 56, was elected to the one-year volunteer post by the AICPA governing Council, which concludes its annual fall meeting today. Kimberly Ellison-Taylor, CPA, CGMA, executive director of Oracle USA, was voted in as vice chair.
Christen, who says his strengths are in strategy and communications, said the profession must take four steps to ensure relevancy:
Modernize its services. Beyond adopting new technology, this means being a step ahead of what the marketplace demands.
Increase “the speed of everything,” from service delivery to competency building to the development of new fields of expertise.
Increase collaboration with others outside the CPA profession. “CPAs and other qualified professionals are playing more strategic, interconnected and critical roles in business than at any time in history,” Christen said. “Today, we talk less about ‘CPA firms’ and more about ‘firms led by CPAs.’”
Create the professional environment of choice for the most trusted advisers of the 21st century. CPAs of the future will demand a more dynamic personal and professional experience, and the profession must be prepared to provide it to attract the best and brightest job candidates, Christen said. Innovative firms such as Baker Tilly, with its philosophy of “Care and Teach,” are moving in this direction, but the entire profession must evolve to change the way accounting professionals learn and achieve work/life integration.
Christen spent the past year as AICPA vice chair, and is a past member of the Institute’s board of directors and Council. He is a former chairman of an AICPA group that addresses major firm interests, and also served as a member of the AICPA’s compensation and political action committees, as well as the institute’s member advisory panel.
He has been recognized by Accounting Today as one of the Top 100 most influential people in the profession, and by Inside Public Accounting as one of the five most admired U.S. managing partners.
Besides his role as chairman and CEO of Baker Tilly, the branded U.S. member firm of Baker Tilly International, Christen oversees the firm’s compensation committee. He currently serves on the Baker Tilly International board of directors, its North American Regional Advisory Council and chairs its remuneration committee.
Christen is a graduate of the University of Wisconsin-Platteville. He serves as a board member of Chicago’s Lyric Opera company (his favorite opera is ‘Carmen”) and a member of both the city’s Commercial Club and Economic Club.
He and his wife, Pam, split their time between Chicago and Madison, Wis. The couple have four children and five grandchildren.
About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 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, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.
Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.