The New York State Society of CPAs has elected Joseph M. Falbo Jr. of Grand Island, N.Y., as president-elect.

Falbo is a partner and member of the executive committee at Tronconi Segarra & Associates LLP in Williamsville, N.Y. He has been a member of the NYSSCPA since 1994 and is a current member of the Buffalo Chapter. He is a native of Rochester, N.Y. His one-year term as president-elect began on June 1, 2014. He will be succeeding Scott Adair, CFO of the Rochester-Genesee Regional Transportation Authority in Upstate New York, who was installed as the current president last month (see NYSSCPA Installs 95th President).

Falbo’s service to the NYSSCPA includes his current position as a member of the Audit Committee. He previously served on the board of directors as vice president, secretary/treasurer and Executive Committee member and has been the chair of the Chapter Task Force and the Finance, Governance, Information Technology and Nominating committees.

“The NYSSCPA has been my professional home since I began my career,” Falbo said in a statement. “It is an honor and extremely humbling to be asked by my peers to assume the role of president-elect.  I look forward to working with the other officers and volunteers to represent this outstanding group of CPAs.”

His previous chapter service includes tenure as Buffalo chapter president, president-elect, vice president and as an executive board member; past chair of the chapter’s Technology Committee and a founding member of the Young CPA Committee.

Falbo holds a Bachelor of Science degree in Business Administration, Accounting from Niagara University in Lewiston and was recognized in 2004 by Buffalo’s Business First newspaper with a “40 Under Forty” Award.  In 2012 he received the Society’s Special Recognition Award, which acknowledges individuals who have made extraordinary contributions to the NYSSCPA.

He is a member of the American Institute of CPAs as well as the AICPA Council and the AICPA’s Private Company Practice Section Executive Committee.

The NYSSCPA also recently elected Timothy Hedley of Manhattan as a vice president. Hedley is a partner in KPmG LLP’s forensic practice, where he serves as global leader for the firm’s fraud risk management initiative. Hedley’s one-year term began June 1.

Hedley joined the NYSSCPA in 2002 and most recently served on the board of directors as a director-at-large. He is the current chair of the NYSSCPA’s Audit Committee, and is a member of the Litigation Services and Business Exit and Succession Planning committees. He is a past member of the Awards Professional Ethics and Consulting Services Oversight committees. He has also served on the Society’s Anti-Money Laundering and Counter Terrorist Financing Committee where he was formerly chair and vice chair.  He is a member of the AICPA and of the Accounting Advisory Board at the State University of New York at Albany School of Business.

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