James Kasim is a senior management executive based in Los Angeles with over 20 years of experience in the financial sector. Before obtaining his MBA from the University of Southern California’s Marshall School of Business, James Kasim pursued accreditation as a Certified Public Accountant (CPA).
Though the responsibilities of CPAs vary depending on company requirements, the central job of a CPA is to provide high-quality, state-regulated accounting services. While the job title of “accountant” can be bestowed upon any individual employed by a company who manages finances, professionals may only claim the title of “CPA” if they have fulfilled a list of qualifications supplied and regulated by the state in which they work.
To become a CPA, professionals must have a four-year degree in accounting and pass two separate examinations in various accounting skills and business ethics. Additionally, CPA candidates must work in a position that is directly supervised by an active CPA for at least 1,800 work hours.
Once certified, a CPAs are required to maintain their financial knowledge by staying current and familiar with financial laws and regulations. They must also renew their CPA license by participating in continuing education courses at a renewal rate set by the state in which they are certified to work.
James Kasim previously worked with Ernst & Young, LLP, as a senior manager, and was the CFO of Pacific Office Properties Trust, Inc. James Kasim earned his MBA with honors from the University of Southern California (USC) Marshall School of Business.
One of the top business schools in the nation, the USC Marshall School of Business is committed to preparing its students and graduates for a career in the complex, competitive, global world of business. Through its emphasis on communication, analysis, and entrepreneurial skills, USC Marshall strives to expose its students to a wide scope of business opportunities while constantly innovating and experimenting.
In addition to undergraduate programs in accounting and business administration, it also offers a full range of graduate programs for both full- and part-time students These range from its traditional two-year program to a Global Executive MBA program that awards graduates with a certificate from Shanghai Jiao Tong University in addition to their USC Marshall degree.
Whether students are enrolled in undergraduate or graduate programs, they all go through USC Marshall’s Experimental Learning Center. An important supplement to their classroom courses, the Center gives students the chance to practice and learn interpersonal and management skills. Led by professional trainers, students in the Experimental Learning Center also watch video capture of their presentations and exercises to better understand key concepts and to see how they handle different situations in real time.
A senior finance executive with over two decades of experience, James Kasim has an extensive background in real estate investments throughout California. Early in his financial career, James Kasim was a senior manager with Ernst & Young where he served for over a decade.
As a preeminent leader in business services, Ernst & Young is committed to building a better future not only for business leaders, but also for underserved youth. To this end, EY encourages its employees to support their communities through volunteer programs such as College MAP (Mentoring for Access and Persistence). Designed to serve youth from disadvantaged backgrounds, the College MAP program brings EY professionals directly to schools in low-income communities, where they work with faculty to provide mentorship and academic guidance. By educating youth about their potential pathways to success, the College MAP removes common barriers to higher education and provides youth with invaluable networking opportunities. In partnership with College for Every Student, College MAP now provides guidance to more than 100,000 youth in 380 schools throughout 24 cities.
James Kasim has been a certified public accountant (CPA) since 1994. Earlier in his career, James Kasim worked for Ernst & Young (EY), a well-known global professional services firm. During his tenure at EY, he managed several Sarbanes-Oxley control projects.
When it came into effect in 2002, the Sarbanes-Oxley Act (SOX) had major effects on corporate financial practices. The law was a reaction to major corporate financial scandals. Under SOX, companies have additional financial reporting duties and must file periodic reports to the Securities and Exchange Commission (SEC). For example, corporations must report relationships and transactions that affect a company’s financial status. Corporate management also is accountable for internal control structures and financial reporting.
SOX also established standards of engagement for firms that audit public companies and attorneys who represent public firms to the SEC. Companies need SOX experts to ensure compliance with the complex legislation or avoid severe penalties.
An accomplished certified public accountant and senior financial executive, James Kasim has previously served as the chief financial officer of Pacific Office Properties Trust, Inc., and as a senior manager with Ernst & Young, LLP. In addition, James Kasim worked as an adjunct professor at the University of Southern California and served on the California Board of Accountancy’s Report Quality Monitoring Committee.
The California Board of Accountancy (CBA) is a self-funded government entity that serves California-based consumers and accountants by qualifying candidates for the National Uniform CPA Exam, certifying and licensing CPAs, registering CPA corporations and partnerships, and investigating complaints against individual accountants and accountancy firms. Currently, the CBA regulates more than 97,000 licensed accounting professionals in the state of California.
A large portion of the CBA’s work is performed by various committees, including the Report Quality Monitoring Committee. The group is responsible for ensuring that California CPAs’ financial reports follow proper accounting principles and comply with established financial reporting standards. Additionally, the committee can order licensed CPAs to complete continuing education to improve their professional competence. If the licensee fails to comply, the Report Quality Monitoring Committee also has the authority to pursue disciplinary action.
As a senior manager at Ernst & Young LLP in Los Angeles and a chief financial officer at Pacific Office Properties Trust, Inc., in Santa Monica, James Kasim had oversight responsibilities for proper corporate accounting. His duties included ensuring compliance with the provisions of the Sarbanes-Oxley Act of 2002.
The act, principally authored by Senator Paul Sarbanes and Representative Michael Oxley, set new requirements for governance and accounting practices of publicly traded companies, to be in place by 2006. It also established an agency, the Public Company Accounting Oversight Board, to deal with corporate accounting standards. Passage of the law reflected concern over several accounting scandals.
Covered by the act are all publicly held companies in the United States, their subsidiaries, and firms not based in the U.S. but engaged in business there. In certain cases, the law is applicable to initial public offerings.
Companies must report on the effectiveness of their internal auditing to the Securities and Exchange Commission. External parties must also examine the company's financial statements and auditing. Reports must contain data that is attributable to a company source; revisions to the data or software must also be explained.
Noncompliance or inaccurate reporting can result in legal penalties of up to $5 million and 20 years in prison.
Write something about yourself. No need to be fancy, just an overview.