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MNCPA PERSPECTIVES

About the Author

Faye Hayhurst, CPA

Faye Hayhurst is the MNCPA director of finance and administration. She is committed to using numbers to tell relevant stories, although she also employs words, charts and occasionally clothing to communicate a message. While some have questioned her about the pressures of being the CPA for the MNCPA, Faye considers presenting financial information to fellow CPAs a dream job. Outside of storytelling with numbers, Faye enjoys directing her church's handbell choir, visiting national parks and other scenic places, and checking out the chocolate products at Trader Joe's. Faye can be reached at 952-885-5540 or fhayhurst@mncpa.org.


Not-for-profits receive a welcome year-end gift: A repeal of the parking lot tax
January 7, 2020  |  By Faye Hayhurst, CPA
Since the end of 2017, a hot topic of conversation for not-for-profit leaders and the CPAs who serve them has revolved around a particular provision within the Tax Cuts and Jobs Act... Read more
Calculated risk
October 1, 2019  |  By Faye Hayhurst, CPA
Who do business people call when they need help with calculating just about anything? Their CPA, of course! But when it comes to evaluating where their own risks lie, do CPAs fully... Read more
Wayfair: Challenges, strategies, opportunities
August 14, 2019  |  By Faye Hayhurst, CPA
It’s hard to overstate the impact of the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc. (June 21, 2018), which allows states to require a remote seller... Read more
Independence: Don't lose it!
July 1, 2019  |  By Faye Hayhurst, CPA
CPAs, too, have worked hard in the area of independence. Their reputation as professionals trustworthy of reporting on financial statements relies significantly on independence... Read more
Why I love the MNCPA audit
May 22, 2019  |  By Faye Hayhurst, CPA
You might notice a spring in my step and a sparkle in my eye. There’s excitement and anticipation in the air (at least in my corner of the office)... Read more
Audit risk assessment continues to be misunderstood for several firms
April 2, 2019  |  By Faye Hayhurst, CPA
Effective Oct. 1, 2018, peer reviewers began applying new guidance approved in August by the AICPA Peer Review Board. This new guidance took aim at an area that has been misunderstood... Read more
Better late than never, part 2: There's help!
November 29, 2018  |  By Faye Hayhurst, CPA
My Sept. 4 blog, "Better (12 years) late than never," discussed the new way peer reviewers are evaluating a firm's compliance with audit risk... Read more
Systemic controls or systemic cause?
November 20, 2018  |  By Faye Hayhurst, CPA
We use buzzwords as a shortcut to refer to broad concepts in business. Buzzwords can be relatively straightforward and well-accepted (“return on... Read more