Louisville, Ky. (June 3, 2003) -- The Kentucky Society of CPAs has elected Jones, Nale & Mattingly partner David Price as its president, which marks the third time someone from that firm has led the society.

Joseph Jones, Jr., CPA, one of the firm’s founders, served as KSCPA president from 1964 to 1965. Another partner, Wayne Stratton, held the position from 1885 to 1886.

“It seems to be part of the culture and history to be involved,” Prince said of his firm’s history with the society. “Over the years we have really found there’s value to be part of the process.”

Price is the 76th president of the society and succeeds John Hawkins, Jr. who stepped down at the end of June.

During his one-year term, Price said his main priority is to address the challenges the accounting profession has experienced in the past couple years.

“There will be lots of challenges in my role, but collectively I think the greatest is definitely on the regulatory and image front,” Price said. “To restore public confidence will take more of a grass roots effort. It’s not something the society can do as a whole, but more at the individual level.”

Continuing on the regulatory front, Price said he is confident in the society’s relationship with the Kentucky State Board of Accountancy, in that they share the same goals for the profession and have already made “some positive changes in accountancy laws.”

He also would like to expand the KSCPA’s student recruitment campaign. “I feel that one of the biggest needs is to engage young people sooner,” Price said. “We have ambitious plans for this year, including several programs set up to get one-on-one contact with CPAs.”

Price believes his 15 years of playing an active role in state society matters gives him a well-rounded understanding of KSCPA activities and goals, “as well as the history that goes with it.”

He is also looking forward to working with the new executive director, Penny Gold, who recently replaced 31-year veteran Ben Gratzer.

-- Seth Fineberg

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