The MACPA was founded in 1901, less than a year after Maryland GovernorJohn Walter Smithsigned into law the third bill in the nation that recognized the need for certified public accountants. Recognizing the importance of trustworthy financial information in a market-based economy, the law established requirements and state licensing for accountants who would meet certain educational, examination and experience standards to ensure the reliability of financial information. Only certified public accountants are allowed to perform audits, which are often used by banks and other third parties for credit and borrowing purposes. Max Teichmann became Maryland's first certified public accountant in 1900. Teichmann was a co-founder of the MACPA. Teichmann, considered the father ofpublic accounting in Maryland, lobbied for passage of the certified public accountant law and was recognized as a key figure in the certified public accountant movement. He and a handful of other pioneers established the MACPA on February 12, 1901.
Advocacy
The MACPA is active in state and federal government, monitoring and responding to issues that affect certified public accountants and their clients. The association has been successful in getting important legislation passed and supports legislation through the efforts of committee members and an active, statewide legislative network of members. Its advocacy efforts are highlighted each year by CPA Day in Annapolis, an annual event in which MACPA members discuss issues of importance in face-to-face meetings with their legislators in the Maryland General Assembly. An active Legislative Executive Committee monitors events and legislation in Annapolis and Washington, D.C., develops position papers on important issues and updates members on the status of key legislation. The MACPA's political action committee educates legislators about matters that are important to the profession and supports like-minded lawmakers. An active "Key Person Program" recruits volunteer certified public accountants who know state legislators personally and can further educate them on key issues.
Training
Member benefits
MACPA members receive a variety of publications.
Member activities
Seven chapters and numerous committees. Members are also active in the association's legislative efforts, various special-interest task forces, and in targeted groups like the Career Awareness Program, which tries to convince more young people to study accounting and enter the profession.