Barry, Joanne S. The CPA Journal80.2 (Feb 2010): 7.
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One of the basic tenets of the CPA profession is to serve the public interest. Working with the Wenchester County Association and the Business Council of Wenchester, it took weeks for the task force of about 20 CPAs to attend budget hearings and various meetings, well as to pore over the proposed budget. CPAs have much to offer working in concert with local governments. Fiscal responsibility is a shared responsibility among all interested parties -- the public, the business community, the private sector, and the government. The difference between a tenuous budget situation and a more stable financial environment could very well be the participation of CPAs. As a member of the public, and even more so as a CPA, it is his obligation to get involved.
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One of the basic tenets of the CPA profession is to serve the public interest. So as New York State struggles with its fiscal woes - along with at least 35 other states that needed to close budget shortfalls as of press time - who better than CPAs to try to help at the local level to reduce the budgetary burden on the taxpayer?
This is exactly what happened in Westchester County. Members of the NYSSCPA's Westchester Chapter volunteered to review Westchester County's $1.8 billion budget and offer insight on how the county could reduce a proposed 4.9% increase in taxes.
Working with the Westchester County Association and the Business Council of Westchester, it took weeks for thetask force of about 20 CPAs to attend budget hearings and various meetings, as well as to pore over the proposed budget. The project was done pro bono, with each of the volunteers dedicating between five and 10 hours to producing an analysis of the budget.
The upshot?