Frequently Asked Questions
 
 
 
 

Q: How many CPE hours do you provide per year, and how many of those are A&A hours?
A: We generally provide over 50 hours, of which over 24 hours are A&A.

Q: Do you have to be of Cuban Ancestry to be a member?
A: No. The CACPA is open to certified public accountants of any ethnic background; however, members that are not of Cuban Ancestry are designated "associate membership." Associate membership differs from regular membership in that associate members do not have the right to vote, be elected to office or have an active voice in the management of the CACPA affairs, as stipulated in Article II, Section 1. b. of the CACPA bylaws.

Q: How many members does the Association have?
A: The Association has approximately 500 members.

Q: When and how often does the Association meet?
A: The Association generally holds monthly Continuing Professional Education seminars, usually on the last Wednesday of the month. These meetings are generally held at a hotel meeting room (traditionally at the Miami Airport Marriott) or at the offices of organizations that choose to sponsor our seminars (such as Bacardi U.S.A. or Northern Trust). The monthly meetings provide for three hours of Continuing Professional Education. The Association also holds an annual Continuing Professional Education retreat in Marco Island, FL, which provides eight hours of Accounting & Auditing Continuing Professional Education. The Association also holds other events with the Cuban-American Bar Association (such as cocktail happy hours at Bacardi U.S.A, wine & cheese parties sponsored by the Wine Cellar, golf tournaments, etc.) and other organizations every so often. Members are notified in advance of all Association functions.

Q: How can I get involved in the Association’s activities?
A: The best way to get involved in the Association is to join a committee. The Association’s Vision Committee decides, at the beginning of the fiscal year, what committees are necessary for such fiscal year. Click here to find out about our committees.

Q: What is the difference between the Association’s Board of Directors and its Executive Advisory Board?
A: The Association’s Officers and Directors is comprised of 11 members, of which seven are officers (President, President-Elect, Vice President, Secretary, Treasurer, Vice Secretary and Assistant Treasurer), three are at-large directors and one is an Ex Oficio Director (i.e., an immediate past president). Members of the Board of Directors are elected by the Association’s membership and serve staggered terms. In contrast, the Association’s
Executive Advisory Board is an advisory board installed during the 2002 – 2003 fiscal year by unanimous approval of the Board of Directors for the purpose of providing advice to the Board of Directors as deemed necessary. The Executive Advisory Board has no powers granted via the Association’s bylaws or other governing documents. The Executive Advisory Board currently has nine members; however, the Board of Directors approved that an indefinite number of members may comprise the Executive Advisory Board.

Q: What do I have to do to be on the Board of Directors?
A: To be on the Board of Directors you must be nominated by a member of the Association (which includes yourself). Therefore, you must be a Regular Member, as defined in
Article II, Section 1. a. of the Association’s bylaws, on the date of nomination, which is generally on or prior to August 10th.

Q: What do I have to do to be on the Executive Advisory Board?
A: The Board of Directors careful selects its Executive Advisory Board members on an ad hoc basis. However, if you have an interest in becoming an Executive Advisory Board member, please contact the Association and Executive Advisory Board Liaison and (s)he will ensure your interest is discussed at the next meeting of the Board of Directors. Note that to be a member of the Executive Advisory Board, the Board of Directors generally expects such nominee to be extremely involved in the community and be known to have superior leadership skills.

Q: Is there any way for me to know what is discussed at the Board of Directors meetings or at the Executive Advisory Board meetings?
A: You can request copies of Minutes of Meetings of the Board of Directors from the Secretary. Such meeting minutes are official records of the Association. The Association, however, does not maintain official records relating to its Executive Advisory Board meetings, as the Executive Advisory Board is an advisory board and has no powers granted via the Association’s bylaws or other governing documents. Executive Advisory Board meetings are generally informal, quarterly breakfast meetings with a roundtable-style forum. If you are interested in what discussions have been held at the Executive Advisory Board meetings, you can contact the Association and Executive Advisory Board Liaison and (s)he will inform you of such discussions, to the extent (s)he recalls the discussions. Note that advice provided from the Executive Advisory Board to the Board of Directors may or may not be followed. However, to the extent such advice is followed, it will generally require a vote from the Board of Directors (or the membership at large); therefore, such information initially discussed at an Executive Advisory Board meeting would then be recorded in the Minutes of Meetings of the Board of Directors.

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