Current CFO, Michael L. Bryant, CPA, Assumes New Role
NASHVILLE, TN (January 11, 2012) –The National Association of State Boards of Accountancy, Inc. (NASBA), an association dedicated to enhancing the effectiveness of the country’s 55 state boards of accountancy, has named Michael R. Bryant, CPA, as senior vice president and chief financial officer. Bryant has served as the Association’s chief financial officer since 2007, and is also CFO of NASBA’s ethics organization, the NASBA Center for the Public Trust (CPT). Under the newly expanded role, Bryant will work alongside fellow executive team members, ensuring the company’s strategies are executed successfully and its mission of supporting boards of accountancy is fulfilled.
“For some time, Michael has played a key role in business and operational decisions and implementations that go well beyond the scope of chief financial officer. His acceding to senior vice president and CFO recognizes the talent and capabilities that he brings to NASBA and solidifies his place as a business leader and innovator. I am very pleased to have him on our executive team,” said Ken L. Bishop, president and CEO.
Bryant brings over 30 years of accounting and business experience to NASBA, having worked in public accounting and as a CPA in public, private, and non-profit entities. He brings an understanding of the various roles that CPAs are called upon to perform and a broad perspective on the regulatory issues that affect CPAs. Named as a 2011 finalist in the Nashville Business Journal’s CFO Awards, Bryant joined NASBA as controller in 1997. Throughout his tenure, he has demonstrated a commitment to fiscal integrity and accountability as evidenced by the organization’s annual financial statement audits. Among his most notable accomplishments as CFO, in June 2011, Bryant managed the transaction for the sale of NASBA’s for-profit subsidiary, Professional Credential Services, Inc. (PCS), to a private equity investor group. This transaction, marked as the most significant financial event in NASBA’s history, helped increase NASBA’s net unrestricted assets from $17.3 M at the beginning of the fiscal year August 1, 2010 to a July 31, 2011 balance of $26.9 M.
Bryant began his career with PriceWaterhouse (a predecessor firm of PriceWaterhouseCoopers) and continued in the public accounting sector for eight years. In 1990, he joined Genesco, Inc., where he served as manager of financial reporting in the company’s corporate accounting division.
A lifelong resident of Nashville, Bryant holds a Bachelor of Business Administration from Middle Tennessee State University and an MBA from the Owen Graduate School of Management at Vanderbilt University.
Bryant is a member of the AICPA, the Tennessee Society of CPAs and the Financial Executives Institute. He has led stewardship drives and served as a finance committee member at his church. Having performed with various improvisational theatre groups over the years, Bryant uses that experience to teach professional development classes based on how to build consensus and improve communication using the principles of improvisational theatre. He and his wife Sheryl, also an improvisational comedy performer, have two children.
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