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Footnote Magazine

Footnote cover

October/November 2022

Organizations are increasingly turning to sabbaticals to help their employees avoid burnout. The October/November Footnote delves into the benefits, logistics and experiences of three MNCPA members who have taken sabbaticals. Also in this issue:
  • The MNCPA recognizes those who have contributed to the organization and the profession.
  • What you need to know about recent and upcoming A&A changes.
  • How Minnesota’s legalization of THC edibles impacts employers.
  • First steps to take when implementing the AICPA’s new quality management standards.  

Spotlights
Updates from our members, including promotions, new hires, speaking engagements and firm news.

Honor the past; don’t repeat it
Charles Esler, CPA
Get insight and news from MNCPA leadership about the organization and professional issues.

The case of getting a Hedda yourself
Charles Selcer, CPA, MBA
MNCPA member Chuck Selcer shares his knowledge about ethics requirements and laws with unique humorous fictitious stories.

Refresh your leaders with sabbaticals
Jon Lokhorst, CPA, ACC
Increasing numbers of employers are offering sabbatical leave to combat burnout and inspire employee retention. Read about the experiences of MNCPA members who have taken sabbaticals.

ASU, ASC and SAS, oh my
Jerome R. Reutzel, CPA, MBT
There’s much to be understood about ongoing standards changes, including some that are already effective. Here’s a look at a handful of these A&A changes that may affect the work you do.

Recognizing contributions to the MNCPA, profession
The MNCPA recognized those who have contributed to the organization and the profession during its annual meeting.

Kay Freund, Distinguished Service Award
Rachel Kats, MNCPA communications coordinator
Kay Freund has earned the MNCPA’s highest honor given to a member, the Distinguished Service Award.

Stephanie Markert, Excellence in Professional Development Award
Corey Butler, MNCPA communications manager
Stephanie Markert is the recipient of the Excellence in Professional Development Award. The award recognizes members who develop unique MNCPA educational programming.

Eric Grube, Volunteer Excellence Award
Rachel Kats, MNCPA communications coordinator
Eric Grube is a recipient of the Volunteer Excellence Award, which recognizes members who have served as a volunteer for at least five years and provided significant contributions to the MNCPA.

Kirk Kleckner, Volunteer Excellence Award
Rachel Kats, MNCPA communications coordinator
Kirk Kleckner is a recipient of the Volunteer Excellence Award, which recognizes members who have served as a volunteer for at least five years and provided significant contributions to the MNCPA.

Steve Warren, Volunteer Excellence Award
Corey Butler, MNCPA communications manager
Steve Warren is a recipient of the Volunteer Excellence Award, which recognizes members who have served as a volunteer for at least five years and provided significant contributions to the MNCPA.

Larry Morgan, Friend of the Profession Award
Corey Butler, MNCPA communications manager
Larry Morgan is the recipient of the MNCPA Friend of the Profession award, which recognizes non-CPAs who provide exceptional support to the CPA profession and/or MNCPA.

Minnesota legalizes THC edibles
Larry Morgan, MAIR, SPHR, SHRM-SCP, GPHR
Following the July 1, 2022 legalization of unregulated THC products derived from hemp in Minnesota, here are some factors employers should keep in mind.

SQMS No. 1: First steps
Faye Hayhurst, MNCPA director of finance and administration
SQMS No. 1 deals with a firm’s responsibilities to design, implement and operate a system of quality management for its accounting and auditing practice.

Minnesota Department of Revenue is committed to engagement amid change
Lee Ho, Minnesota Department of Revenue deputy commissioner
Find out about key issues the MNCPA is monitoring at the Capitol. Stay current on legislative news and events with stories, tips and grassroots involvement.

What are you waiting for? Renew and report already!
Anne Janotta Erickson, MNCPA membership marketing team leader
The the BOA encourages CPAs to renew and report as soon as possible. Doing so ensures that mistakes can be caught and fixed ahead of Dec. 31.

5 ways empathetic leadership can make digital transformation real
Being more empathetic will not only help companies rebound from the last two years, it will also enable them to find their authentic voice and become an unstoppable force in technology and business.