“ As the standards for admitting expert testimony tighten , it ’ s increasingly important for accountants who serve as expert witnesses to stay informed .”

12 Expert Witness

As the standards for admitting expert testimony tighten , it is increasingly important for accountants who serve as expert witnesses to stay informed . Recent developments emphasize the court ’ s role as the gatekeeper and for the necessity of experts to have applicable relevant qualifications and sound methodologies .

3 It ’ s Material

When CPAs engage in the legislative and regulatory process , they don ’ t just serve their own interests — they help shape a fair and effective regulatory environment for all stakeholders in the economy . DENISE LEDUC FROEMMING , CPA , CAE , MBA

15 Quality Standards

A strategic approach to complying with new quality management standards can turn this regulatory obligation into an advantage . CHRIS VANOVER , CPA , BRIAN YUJUICO , CPA , AND ELLEN SULISTIO , CPA

4 News & Trends

18 Capitol Beat

As 2024 comes to a close , we reflect on the year ’ s policy developments and CalCPA ’ s impactful advocacy efforts that have shaped the accounting profession — and look ahead at what ’ s to come . JASON FOX

19 Thriving Workplaces

In the ever-evolving landscape of workplaces , fostering a sense of belonging and psychological safety among employees is a critical priority for organizations . FLORENCE HOLLAND

California

magazine . calcpa . org Volume 93 , No . 6 , December 2024

California Society of Certified Public Accountants

Associate Director , Communications Aldo Maragoni aldo . maragoni @ calcpa . org

Art Direction & Design Lynn LaRocca lynnlarocca @ gmail . com

Office 500 Capitol Mall , Suite 1760 Sacramento , CA 95814 ( 800 ) 922-5272

www . calcpa . org

California CPA ( ISSN 1530-4035 ) is published monthly except for February and April by the California Society of Certified Public Accountants , 500 Capital Mall , Suite 1760 ; Sacramento , CA 95814 . Periodicals Postage Paid at Sacramento , CA . Members receive California CPA regularly . Nonmember subscription rate : $ 75 per year , or $ 8.50 per issue ; foreign rate : $ 110 per year . Remit U . S . funds only .

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All correspondence pertaining to advertising or nonmember subscriptions should be addressed to the Advertising Department ; POSTMASTER : Send address changes to : California CPA ; Customer Services ; California Society of CPAs ; 1800 Gateway Drive , San Mateo , CA 94404 . Publication of an advertisement in California CPA does not constitute endorsement of the product or service by California CPA or the California Society of Certified Public Accountants . Items published in California CPA , unless otherwise specified , represent the views of the authors and individuals quoted .

2 CALIFORNIA CPA DECEMBER 2024 www . calcpa . org