So You Like Technology
Why not think about getting your CITP credential?
November 23, 2009
Are you a CPA with a minimum of five years of experience in practicing accounting? Do you have a passion for what you do and technology? Then the CITP Credential may be right for you!
A CITP (Certified Information Technology Professional) is a CPA who is:
The CITP credential holder possesses a breadth of business and technology experience. The CITP Body of Knowledge represents the qualifying areas of information assurance and management knowledge for both business experience and life-long learning. The Body of Knowledge essentially contains the two areas of services as follows:
So how can you benefit from the CITP designation? Given the growing technology needs to effectively and competitively run a public accounting practice, experienced CPAs who are IT professionals are a must. Having IT resources on staff is optimal to:
Hiring a CPA.CITP provides accounting and financial firms with an IT resource who possesses a combination of accounting and information technology experience.
CPAs with the CITP designation also benefit when providing IT consulting services. As the CITP credential is a competitive differentiator for the CPA providing consulting services, CITPs hold both technical and business certifications and are identified as accounting technologists — understanding finance and accounting issues as well as IT concepts. As a CPA and trusted advisor to clients, you have the ability to offer both sound business advice integrated with strategic technology advice and direction. In addition, in a marketplace in which professional standards are inconsistent, a CITP is a trusted professional governed by established professional standards, a strict Code of Ethics and state licensing laws.
CITPs in Industry
In today’s businesses, all financial information is stored, gathered and analyzed through the use of technology. IT and accounting are critically linked with each other.
Having a CPA.CITP on staff provides small, mid-sized and large accounting and financial organizations an expert who can translate technical information into results-oriented business language that key decision-makers can understand. CITPs generally invest a great deal in their education and training and tend to take ownership of their role in the business, with a stakeholder and enterprise orientation.
Why You Should Become a CITP
Only CPAs can be CITPs, further differentiating your unique blend of skills in the marketplace. As a CPA.CITP you can uniquely blend business acumen with IT expertise for your organization CITP is the mark of excellence for CPA business technologists who are leaders in industry, public practice, government and academia. In addition, with this newly acquired designation, you:
What else can the CITP credential offer you? As a CITP, you receive:
How Do You Qualify?
You can qualify for the CITP designation if you hold a valid and unrevoked CPA certificate issued by a legally constituted state authority and be a member in good standing of the AICPA and complete the CITP application (PDF) and receive an evaluated score of at least 100 points. You also need to pay a CITP program enrollment fee.
After completing the application, you should reflect on your business experience, testing and learning over the past five years in the following areas:
James C. Bourke, CPA.CITP, CFF is a partner at WithumSmith+Brown where he is director of firm technology. He is a past president of the New Jersey Society of CPAs and currently serves on AICPA Council and the Chair of the AICPA CITP Credential Committee. He was recently named one of the Top 100 Most Influential People in the Profession.