contents vol. 22 • no. 2 July/August 2022 CPAFOCUS FOCUS Features


4 Chair's message Welcome OSCPA Chair Janese Shepard, CPA, CGMA, and read how she thinks CPAs will continue to adapt and thrive to ensure longevity and strength for the profession.


5 Get to know our new COO Stephanie Trougakos, CAE, has spent the last 19 years of her career in association management, 12 being with the OSCPA in various leadership roles.


6 Breaking down withholding tax In this global economy, you will see payments being made to foreign persons. Find out how to determine if there will be a U.S. withholding tax imposed.


8 Annual Members Meeting The OSCPA’s 104th Annual Members Meeting was a celebration to remember. Check out the event recap as we shine the spotlight on our best moments this year.


Encore for the 2022


14 scholarship recipients Congratulations to the newest Educational Foundation scholarship honorees! This year, $54,000 were awarded, a 15 percent increase from last year.


Announcing the 2022-2023


15 Welcome, new leaders! The OSCPA would like to welcome the 2022-2023 Board of Directors, Chapter Presidents and Officers. Help us thank them for their leadership this year.


16 Amplifying your membership The value of your membership begins with you! Find out how you can make the most of your benefits with the OSCPA.


18 OSCPA CPE self-study Earn one hour of recommended CPE credit when you read the article, “SEC’s Proposal for Climate-Change Disclosures.”


22 OSCPA CPE


Find out what OSCPA members have been up to at recent OSCPA CPE events, see what’s on the July/ August CPE calendar and learn more about the OSCPA’s Summit Series.


26 OSCPA news We celebrate career changes, the highest scorers on the CPA Exam in the state, student member accomplishments and the OSCPA’s newest members.


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CPAFOCUS is the Official Publication of the Oklahoma Society of CPAs Managing Editor


Layout/Design Editor Staff Writer


Mary Smith


Alisha Loper, CAE Breanna Mitchell


1900 NW Expy, Ste. 910 • Okla. City, OK 73118-1898 (405) 841-3800 • (800) 522-8261 www.oscpa.com


Mission Statement: Te Oklahoma Society of Certified Public Accountants represents Oklahoma CPAs on a timely, responsive and creative basis, by promoting the public image and professionalism of CPAs; by protecting the interests and designation of CPAs; by providing member services, including quality education and opportunities for interaction; and by building and developing leadership skills among CPAs.


CPAFOCUS Editorial Board Members: Amber Jones, CPA, CGMA, Chair Lisa M. Anderson, CPA/ABV, CDFA John E. Curzon, CPA/ABV, CVA, CM&AA Stephanie Keller, CPA Tamara D. Sponburg, CPA Jimmy J. Williams, CPA/PFS, CFP®


Contributing Writers: Andrew M. Bernard Jr., CPA Josef Rashty


Chair Janese Shepard, CPA, CGMA President and CEO Blaine Peterson, CPA


CPAFOCUS (USPS 018-768) is published bi-monthly by the Oklahoma Society of CPAs, 1900 NW Expy, Ste. 910, Oklahoma City, OK 73118-1898. Periodicals postage paid at Oklahoma City, OK., and additional mailing offices. POSTMASTER: Send address changes to CPAFOCUS, 1900 NW Expy, Ste. 910, Oklahoma City, OK 73118-1898.


Statements of fact and opinion are made by the authors alone and do not imply an opinion on the part of the OSCPA Board of Directors, members or editorial staff. Advertisements are not an endorsement by the OSCPA.


Send suggestions, contributions and advertising inquiries to the editor at the address above or by email at communications@oscpa.com.


CPAFOCUS (Print) ISSN 2380-3916


CPAFOCUS (Online) ISSN 2380-3924


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