AICPA receives a $120K grant for Maryland apprentices


The American Institute of CPAs acquired a $120,000 grant from the Maryland Division of Labor to develop its Registered Apprenticeship for Finance Enterprise Companions within the state.

Greater than 12,000 apprentices are registered within the state’s apprenticeship and coaching program, and the funds can be used to cowl the coaching of 25 new apprentices at a  minimal. This system offers a brand new level of entry for aspiring professionals in finance or accounting whereas taking part in expertise retention and diversification for employers. 

“Since day one, Governor [Larry] Hogan has been targeted on using widespread sense options to develop and develop financial alternatives for all Marylanders,” stated Maryland Tiffany Robinson. “His steadfast assist for Registered Apprenticeship has allowed Maryland labor  to not solely develop the variety of apprentices in our state to a historic stage, but additionally to develop and diversify the industries and occupations which are served by our profitable apprenticeship system. Our partnership with the AICPA is a continued step in the best route.”

By means of the apprenticeship, candidates will achieve entry to paid job coaching, on-site mentorship and doable monetary incentives to cut back firm bills. Registered apprentices can even entry on-line studying through AICPA’s CGMA Finance Management Program. 

AICPA building in Durham, N.C.

“The battle for expertise is rising, making the necessity for extra expert accounting and finance expertise much more urgent,” stated Tom Hood, government vice chairman of enterprise engagement & development on the AICPA in an announcement. “Our apprenticeship combines a world-class studying program with mentorship and on-the-job coaching, which helps employers recruit and develop their very own, offering the form of office the Twenty first-century workforce expects — various, inclusive, collaborative and revolutionary.”

The primary of its form for accounting and finance, the AICPA’s apprenticeship program is a versatile, skills-based initiative that’s accessible to new hires, incumbent staff in addition to these looking for an affiliate or bachelor’s diploma. 

“Apprenticeships provide a chance to ‘earn when you be taught,’ which means that staff examine the CGMA Finance Management Program and obtain on-the-job coaching whereas additionally incomes a dwelling,” stated Joanne Fiore, vice chairman of pipeline and apprenticeships of CGMA Americas on the AICPA affiliation in a press launch. “And apprenticeships assist construct a extra inclusive accounting and finance crew by widening the aperture of candidates to think about. Not each candidate has to have all the talents, expertise and training up entrance, as a result of the apprenticeship offers the chance to achieve them.” 

Maryland is the primary state through which the AICPA has registered its apprenticeship and the group has partnered with the Maryland Affiliation of CPAs to advertise this system and develop it throughout the state. 

“This apprenticeship is an thrilling partnership with the AICPA and the State of Maryland to assist extra Marylanders, each these looking for to enter the accounting and finance occupation and people companies in want of extra expertise on this essential space,” stated MACPA CEO Rebekah Brown in an announcement.

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