James "Jim" Kasim brings over 25 years of accounting and corporate finance experience to his role as chief financial officer and treasurer of a major commercial real estate company. A Certified Public Accountant (CPA) in the State of California, James Kasim received his CPA license in 1994. He previously served on the Report Quality Monitoring Committee of the California Board of Accountancy (CBA), which protects consumers by regulating the accounting profession and ensuring California CPAs adhere to high professional standards.
In a November 2018 news release, the CBA announced the election of new officers to lead the organization. During a meeting on November 15, 2018, board members elected George Famalett as president, Mark Silverman as vice president, and Nancy Corrigan as secretary/treasurer.
A CPA with a law degree from the University of California, George Famalett has served on the CBA since 2015. He has worked at PricewaterhouseCoopers for over two decades and currently serves the firm as a tax partner.
Formerly the CBA's secretary/treasurer, Mark Silverman has been a member of the board for nearly five years. Professionally, Mr. Silverman has held several leadership positions over the course of a career spanning more than 40 years.
Rounding out the CBA's new leadership is Nancy Corrigan, a CPA who began her career in 1977 and most recently served as a partner at Singerlewak, LLP. Within the CBA, Ms. Corrigan has served on the board's Peer Review Oversight Committee, Enforcement Advisory Committee, and Qualifications Committee.
A licensed CPA since 1994, James Kasim possesses a wealth of knowledge in areas related to accounting, finance, capital markets, investor relations, and compliance. James “Jim” Kasim maintains his membership with reputable organizations, such as the American Institute of Certified Public Accountants, the California State Society of Certified Public Accountants, and the Institute of Management Accountants.
Founded in 1887, the American Institute of CPAs (AICPA) is the world’s largest member association of accountants with over 430,000 members and a presence in more than 130 countries. AICPA, along with the nation’s leading accounting firms, recently announced its commitment to creating a new and innovative platform for auditing called the Dynamic Audit Solution (DAS).
Funding of $50 million has been allocated to DAS by at least 40 percent of AICPA’s member firms. AICPA’s technology partner, CaseWare International, a global accounting software provider, has also spent millions in developing a cloud-based solution that helps accounting firms automate and improve data management. The Dynamic Audit Solution initiative is expected to benefit over 14,000 firms that provide auditing services in the United States.
Certified public accountant James Kasim has served as a senior financial executive at several public and private companies. As a senior leader, James “Jim” Kasim manages different finance and accounting functions, as well as negotiations with joint venture partners across the United States and abroad.
A real estate joint venture is a business arrangement between two or more individuals or organizations that agree to combine their money and resources to acquire a piece of real estate together. The two parties include an operating member and a capital member. The former is responsible for acquiring, managing, and developing the property, while the latter takes care of the finances.
A real estate joint venture is generally set up as a limited liability company (LLC), which indicates that the enterprise is a separate legal entity, but each party is responsible for their investments, as well as their debts. When preparing the contract, both parties must decide and agree on all details, including the objective of the joint venture, capital contributions, responsibilities and control, distribution of profits, and exit strategy.
A financial executive, James Kasim has a wealth of experience working with public companies in all aspects of financial reporting and regulatory compliance. Previously a senior manager at Ernst & Young, James (Jim) Kasim managed the company's form 10-K filings that were sent to the Securities and Exchange Commission (SEC).
Form 10-K is a detailed report of a public company’s performance submitted annually to the SEC. The SEC requires public companies to file form 10-Ks either 60, 75, or 90 days after the close of the fiscal year, depending on the size of the company.
A 10-K contains important information and is much more comprehensive than an annual report to shareholders. Information for the 10-K includes:
- Risk disclosures. Information about the risk and threats to a company is particularly useful to investors who want to know if the company is facing problems such as lawsuits or bankruptcy.
- Copies of financial statements. These include income statements, balance sheets, and statements of cash flow, which indicate the health of a business.
- Company operations. These are details on how the company does business and makes money.
- Accounting policies and procedures.
- Certifications from senior management and an independent auditor that the books are accurate and lack material deficiencies.
An accomplished financial professional with experience spanning investor relations, mergers and acquisitions, debt structuring, and compliance, James Kasim has served in a number of senior management capacities. A licensed CPA since 1994, James Kasim is a member of both the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants (CalCPA).
With 40,000 members covering 14 chapters statewide, the California State Society of Certified Public Accountants serves as a valuable networking platform for California CPAs. The organization also supports members in advancing their careers via a host of professional development resources including both in-person and remote learning opportunities.
CalCPA members can choose from over 1,300 events presented both in person and via webcast, with focus areas ranging from business ethnics and fraud prevention to strategies for training accounting staff. Each year, CalCPA hosts a total of 19 conferences concentrating on emerging trends across all accounting sectors, as well as CPE Weeks, which give members an opportunity to attend up to 40 hours of continuing education courses at multi-day programs in San Diego, San Luis, Palm Springs, Monterey, and Lake Tahoe. For accounting professionals in need of more flexible CPE opportunities, CalCPA also offers 150 self-study courses in on-demand, webcast and PDF formats, in addition to facilitating convenient onsite learning programs at its members’ offices.
A certified public accountant, James Kasim has been licensed to practice in California since 1994. He spent 12 years with Ernst & Young in Los Angeles, where he gained considerable experience ensuring compliance with a range of financial service industry rules and regulations. Among James Kasim’s areas of expertise is the Sarbanes-Oxley Act of 2002.
Named after its chief architects, Senator Paul Sarbanes and Representative Michael Oxley, Sarbanes-Oxley introduced significant regulatory changes to general financial practice and corporate governance. Many of its rules and policies amend or supplement existing security regulation in order to better protect investors from fraudulent corporate accounting activities.
The two key provisions of Sarbanes-Oxley are Section 302, which requires that senior management certify the accuracy of reported financial statements, and Section 404, which mandates that management and auditors establish internal accounting controls and methods to report on the sufficiency of those controls. Accounting professionals must be aware that organizations of all sizes must comply with these mandatory provisions.
A former senior manager at Ernst & Young, LLP, California resident James Kasim has dedicated more than two decades to the financial field. James Kasim has served in several executive capacities. His CPA designation has helped him along the way.
The Board of Accountancy for each state is responsible for coordinating CPA examinations and issuing licenses. All boards must adhere to regulations set forth by the National Association of State Boards of Accountancy. A person interested in obtaining licensure must complete an accounting program at an accredited college or university and achieve a successful score on the Uniform CPA Exam. In addition to multiple choice questions and written communication, the test will include the Document Review Simulation beginning in July of 2016. The task-based simulation requires candidates to make edits to a primary document based on relevant sources.
Further, CPA candidates must obtain professional work experience. Requirements vary by state. Specifically, California candidates are required to have one year of experience working in a public accounting firm. They must practice skills in management and financial advisory as well as consultation and compilation. Individuals aspiring to sign attest reports must gain 500 hours of attest experience.
James Kasim is a senior operations and finance executive based in California. A former member of the Report Quality Monitoring Committee of the California State Board of Accountancy, James Kasim has been a licensed certified public accountant (CPA) since 1994.
In California, individuals must fulfill a set of requirements and pass the Uniform CPA Exam to receive their CPA licensure. Requirements include a bachelor’s degree, a minimum number of semester units in accounting and business, and experience with an active CPA. One notable omission from licensure requirements is auditing experience, which has fallen out of favor in recent years.
Once looked at as a way for aspiring CPAs to “pay their dues,” logging audit hours is no longer considered an essential job function for CPAs in California. However, publicly traded companies still require auditing every year, creating a demand for CPAs with auditing and attestation experience. As such, many California CPAs choose to complete the 500 hours necessary to obtain auditing and attestation authority.
A financial executive located in California, James Kasim has held leadership roles at Ernst & Young LLP and Pacific Office Properties Trust, Inc. A Certified Public Accountant (CPA), James Kasim has served in various senior executive capacities in the financial services and commercial real estate industries.
CPAs offer an accounting and financial background that make them ideal candidates for leading businesses as CFOs. They are licensed accountants who have furthered their comprehension of accounting through additional education and obtained experience working in their field. In addition, they uphold ethical standards and present themselves in a professional manner that instills trust.
In the State of California, a CPA must hold a bachelor’s degree and complete 150 semester units in related course work. Financial reporting, auditing, business leadership, and financial statement analysis are among the classes a CPA candidate must pass for consideration. Successful completion of the California Professional Ethics Exam and one year of general accounting work are also necessary to sit for the Uniform CPA Examination, the final test that evaluates a person’s accounting comprehension.
With more than two decades of experience in capital markets, James Kasim has served as chief financial officer and treasurer of some of the most prominent commercial real estate companies. A certified public accountant (CPA) in California, James Kasim oversees corporate finance and financial reporting needs.
CPAs earn their license at a state or territory level. In California, a person must hold a bachelor’s degree in order to take the CPA examination. Unlike other states, 150 educational hours are not required; however, completion of 24 semester units in both accounting and business is mandatory. If a person chooses to take more than 24 accounting units, the overage can fulfill general business credits.
Once education requirements are met, a candidate will create an account with the California Board of Accountancy and have his or her transcripts forwarded to the board to request approval to sit for the exam. The state board will issue an authorization to test (ATT) once an applicant is approved, at which time he or she will pay the examination fee and schedule a testing within nine months.
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