In 2014, the Rhode Island Society of CPAs (RISCPA) commissioned an interim Task Force to define a strategy for the accounting profession to address the field of Sustainability. The Task Force concluded that a Standing Committee was needed to develop an educational program of Continuing Professional Education for Certified Public Accountants who wished to develop professional practices in the discipline.
The following year, in 2015, the Sustainable Value Committee was formed. After further review of market opportunities, it concluded that a formal Professional Certificate program in Sustainable Value was required to meet market demand.
In 2016, RISCPA enrolled a charter cohort of professionals in its Professional Certificate program. In addition to the original target group of practicing CPAs, the cohort included individuals from the fields of business development, economics, government, health care, higher education, law, nonprofit fundraising and management, private equity, risk management, strategic planning, and wealth management.
Furthermore, although a sizable number of individuals resided in Rhode Island, a majority joined the program from New York City, Washington DC, Florida, and other locations on the East Coast of the United States.
Last year, in response to professional demand, the RISCPA introduced the CSVP designation to recognize individuals who maintain their expertise on a continuing basis. And today, under the continuing sponsorship of the RISCPA, the program continues to represent the first-ever certification program of its kind.