Accounting Power 50
Not many CPAs get stopped by fans for selfies, but Timothy Gearty is one of them. As editor-in-chief and national lead instructor for Becker, a global CPA exam-prep leader, Gearty — who’s also the managing partner of Florham Park’s Gearty & McIntyre — has an important role in preparing a significant number of the tens of thousands of people who sit for the CPA examination.
In addition to his responsibilities at Gearty & McIntyre, Gearty is mobilizing Becker for exam changes that are scheduled to be implemented in January 2024. “Under the planned new rules, which reflect the increased real-world responsibilities of CPAs, candidates will still sit for the three mandated core components — accounting, auditing and taxation,” said Gearty, a previous Power 50 honoree. “But the fourth will be an elective. They can select from business analysis and reporting, information systems and controls, or tax compliance and planning.”
Gearty noted that the scheduling of the changeover means that Becker and other CPA exam-prep firms will have enough time to make program changes. “We’re incrementally updating our course materials to account for the new format,” he said. “I’ve always believed that the best way to predict the future is to create it yourself, and CPAs are in the best position to be at the forefront of this evolution.”