Why Women are Critical for Your DEI Initiative

It has been over 120 years since Christine Ross broke barriers and became the first female CPA in the country. Times have dramatically changed for women in the workforce since Ross’s 1899 CPA certification, and women are continuing to make moves in the accounting and financial sector.

The truth remains that within the CPA profession, women are still widely underrepresented, especially in leadership roles both in firms and the corporate finance sector. But when most think about diversity, equity and inclusion (DEI) programming, women do not always come to mind as a group needing attention. This is a shortsighted omission.

RELATED ARTICLES

Special Supplement - Women in Leadership

Breaking Through the Glass Ceiling - How Women in Accounting and Finance Can Break Barriers and Become Rising Powers in the Profession

READ MORE

Women in TXCPA's Leadership

Today's CPA magazine asked a few of our female leaders to share their advice on leadership in the accounting profession.

READ MORE

Balance and Diversity Creates Opportunity

We’ve said it before: Diversity is good for business. Countless research has shown that firms that strive for increased equality tend to be more successful. They’re also more successful when they take time to regularly utilize feedback from female team members to drive organizational change.

But it’s not just about getting women into the office; it’s about keeping them there. Retention is important for firm health and creates a better pathway for women to become leaders and partners. Firms and companies that offer benefits that positively impact women, including flexible work opportunities and paid maternity leave, tend to perform better and see higher retention rates.

What Women Need to Succeed as CPAs

Like most DEI-related challenges, there’s no quick fix to changing the number of women in the profession and in leadership positions. It’s also important to remember not all individuals have their sights set on partner and senior-level positions. But continuing to further women in the profession is a win for all, creating a richer workplace and positive impacts to your bottom line.

The following five key areas can help further support women and help them succeed in a CPA career.

Early exposure to the profession. If young women don’t see the profession, they won’t see themselves in it. Exposure to opportunities in accounting and finance should ideally start before they step onto a college campus. For some women, exposure and a budding interest can even encourage them to attend college.

Mentorship and sponsorship. Mentorship is consistently one of the most critical ways for women to advance. These relationships can provide guidance and a sounding board for career moves. Similarly, a sponsor, someone who is typically at a senior level and is an active advocate for a person, can help open doors, make introductions and expand networks. Women in leadership roles are the ideal mentors and sponsors for junior-level peers, but fewer are available. Male advocates in senior leadership roles are needed to actively provide guidance and help uplift women within their organization and profession.

Flexibility. Flexible work options are increasingly becoming the norm, and a top wish list item for employees both female and male. While the number of firms that offer these options – including hybrid work or reduced hours – are increasing, those employees who choose to take advantage tend to receive bias and are perceived as not being as dedicated to their career. This hinders their ability to progress even with a solid work performance. Employers need to not only embrace flexible work options, but they also need to become more flexible in their vision of what makes a successful leader.

Support through formal DEI initiatives. If your organization is already working on a DEI initiative, are women part of your plan? Be sure to consider ways to include women in existing opportunities, as well as developing opportunities targeted to women. This could look like formal mentorship programs, networking events and support for women preparing to sit for the CPA Exam.

Have conversations. What is the best way to find out what women on your team need? Open conversations. In general, space for communication for all employees creates opportunities to shape a positive firm or organizational culture. These conversations, though sometimes tough, help you dig deeper into how you can be a better advocate for your team members.

Reprinted with permission of the Indiana CPA Society

Original publication: Feb 22, 2022

  • women in leadership

    Grounded in Faith, Guided by Purpose: The Journey of Angela Ragan

    TXCPA’s incoming Chair Angela Ragan has built a career rooted in faith, service and leadership. Inspired by an early interest in accounting, she now helps clients navigate complex tax, business and estate planning matters. Beyond her professional success, Ragan is deeply involved in TXCPA, community service and church leadership. Her story reflects a lifelong commitment to integrity, compassion and serving others.
    View Article
  • CPE: Cryptocurrency Tax Rules and Challenges Explained

    As cryptocurrency continues to become more integrated into everyday financial activity, tax compliance for digital assets remains a growing focus for practitioners. This article offers practical guidance on cryptocurrency taxation, emphasizing the importance of continuing education, monitoring regulatory developments, and maintaining records to support accurate and compliant tax reporting.
    View Article
    Tax Technology
  • Students

    What’s Happening Around Texas - July-August 2026

    TXCPA chapters across Texas hosted a variety of events. Highlights included the Brazos Valley Annual Meeting featuring career insights and advocacy updates, and outreach connecting accounting professionals with aspiring CPAs. Houston members celebrated VITA volunteers and strengthened community ties. TXCPA Panhandle raised scholarship funds through its first golf tournament, while South Plains members closed the year with a meeting focused on connections and member recognition.
    View Article
  • Texas Sales Tax Audits: Why Recordkeeping Determines Who Wins … and Who Pays Sales Tax

    Texas sales tax audits are becoming more data-driven, making accurate recordkeeping critical to avoiding costly assessments. When businesses lack complete documentation, auditors must estimate liability, often leading to inflated taxes, penalties and interest. Strong internal controls, organized records and experienced audit support are essential to achieving successful audit outcomes.
    View Article
    Texas Sales Tax
  • volunteer advocacy

    Celebrating a New TXCPA Year

    TXCPA's incoming Chair Angela Ragan welcomes the new year, highlighting members’ role in strengthening the profession through mentorship, innovation and engagement. Looking ahead, TXCPA will focus on navigating continued change, supporting members with education and advocacy, and protecting the value of the CPA license.
    View Article
  • What Private Equity and Family Offices Look for in Acquisition Targets

    Private equity firms and family offices prioritize acquisition targets with reliable cash flow, strong leadership and clear growth potential. Key factors include clean financials, a capable management team, and a defensible market position supported by loyal customers or exclusive relationships. Overall, businesses that prepare well in advance and strengthen these areas tend to achieve better outcomes in a sale or recapitalization.
    View Article
    succession planning
  • risk management

    Beyond the 5% Rule: Transforming Audit Materiality with Blockchain and Explainable AI

    Traditional materiality benchmarks like the 5% rule are no longer sufficient given modern risks such as ESG issues, financial volatility and cybersecurity. The Adaptive Materiality Framework allows auditors to reassess materiality dynamically when risk events occur. The framework improves consistency, transparency and audit quality while still relying on professional judgment.
    View Article
  • TXCPA Advocacy – A Preview of 2027

    Following key victories that expanded CPA licensure pathways and modernized practice mobility, TXCPA is preparing for the 2027 legislative session. We are monitoring potential deregulation efforts across the country that could weaken licensing standards and public protection. As we develop the 2027 legislative agenda, member involvement is key to help advocate for policies that support the profession’s long-term strength.
    View Article
    volunteer advocacy
  • Texas Sales Tax

    Take Note

    In this edition of Take Note: Leadership Nominations; Accountants Confidential Assistance Network (ACAN); TXCPA's Mentor Match Program; Word Game - Texas Sales Tax Audits; Accounting Excellence Award Recipients
    View Article
  • Classifieds

    The Classifieds section of Today's CPA provides a one-stop destination to find practices for sale, connect with buyers, and access services that support growth, transition and market expansion.
    View Article
    succession planning

CHAIR
Mohan Kuruvilla, Ph.D., CPA

PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM

CHIEF OPERATING OFFICER
Melinda Bentley, CAE

EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA

MANAGER, MARKETING AND COMMUNICATIONS
Peggy Foley
pfoley@tx.cpa

MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa

COLUMN EDITOR
Don Carpenter, MSAcc/CPA

DIGITAL MARKETING SPECIALIST
Wayne Hardin, CDMP, PCM®

CLASSIFIEDS
DeLynn Deakins

Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa

 

Editorial Board
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, CPA-Dallas;
Lucas LaChance, CPA-Dallas, CIA;
Nicholas Larson, CPA-Fort Worth;
Anne-Marie Lelkes, CPA-Corpus Christi;
Bryan Morgan, Jr, CPA-Austin;
Stephanie Morgan, CPA-East Texas;
Kamala Raghavan, CPA-Houston;
Amber Louise Rourke, CPA-Brazos Valley;
Shilpa Boggram Sathyamurthy, CPA-Houston, CA
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPA-Houston.

CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Kristie Estrada; Holly McCauley; Craig Nauta; Kari Owen; John Ross; Lani Shepherd; April Twaddle; Patty Wyatt