By AccountingWEB Staff
Less than a year after being appointed to the California Board of Accountancy (CBA) by Governor Arnold Schwarzenegger, Michael Savoy, the managing director of Santa Monica–based Gumbiner Savett Inc., has been elected CBA's secretary/treasurer for 2012. In his new position, Savoy will perform a variety of duties that will help drive the organization forward and keep its finances in sound shape. He enters his new position with thirty-seven years of CPA experience.
"I look forward to my new position as an officer for the CBA", Savoy said. "Protecting consumers and upholding high standards for the accounting profession is a great priority for me, as is assuring that this organization is financially strong. I am honored to be a part of this very important work."
Savoy, who has been with Gumbiner Savett Inc. since 1994, specializes in audit and financial reporting for privately held entities, litigation support and forensic accounting, tax planning and compliance, succession planning, and exit strategies. In addition to his CBA position, Savoy is on the Executive and Finance Committee and a board member of the Los Angeles Area Chamber of Commerce. Savoy is the immediate past chairman of the Americas Region board of BKR International, and he is a member of the California Society of Certified Public Accountants (CalCPA), the American Institute of Certified Public Accountants (AICPA), and the ESOP Association (Employee Stock Ownership Plan).
In addition to Savoy, Marshal Oldman, Esq., and Leslie LaManna, CPA, were elected president and vice president respectively. The CBA, which currently has 85,000 licensees, regulates the largest group of licensed accounting professionals in the nation. Its primary aim is to protect consumers by ensuring that only qualified licensees practice public accountancy in California in accordance with established professional standards.
About Gumbiner Savett Inc.
As one of the largest CPA and business advisory firms in Southern California, Gumbiner Savett provides strategic financial services, including auditing, taxation, transaction support, litigation support, and general business consulting.