Michael Savoy, CPA, managing director of Santa Monica-based Gumbiner Savett Inc., has been elected vice president of the California Board of Accountancy (CBA) for 2013. Appointed to the CBA less than two years ago by then Gov. Arnold Schwarzenegger, Savoy previously served as secretary/treasurer.
Savoy enters his new position with almost 40 years of CPA experience. In addition to Savoy, the newly elected leadership includes Leslie LaManna, CPA as president and Kitak (K.T.) Leung, CPA as secretary/treasurer.
With Gumbiner Savett Inc. since 1994, Savoy specializes in providing 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 also on the Executive and Finance Committee of the Los Angeles Chamber of Commerce and a board member.
He is the former chairman of the Americas Region Board of BKR International and is a member of the California Society of Certified Public Accountants (CalCPA), the American Institute of Certified Public Accountants (AICPA) and the Employee Stock Ownership Plan (ESOP) Association.
The CBA, which currently has 76,000 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.