San Jose, CA (January 7, 2020) – Abbott, Stringham & Lynch (ASL), one of the largest local CPA firms in Silicon Valley, is pleased to announce that Carol Wagner, CPA has been elected managing partner, effective January 1, 2020. She succeeds Ray Scheaffer, CPA who served in the role for 15 years. Carol is ASL’s sixth managing partner since the firm’s inception in 1977, and the second woman managing partner. Ray will continue at the firm as a Tax Principal. “We are very excited to welcome Carol as our new managing partner. Her strategic thinking and exceptional leadership will guide the firm’s growth, shape the culture, and continue to provide our clients with unparalleled service,” said Ray.
Carol has over 20 years of audit and accounting experience and serves privately held companies in various industries including software, manufacturing, and construction companies with domestic and international operations. She most recently served as the firm’s CFO, and previously was the Principal in-charge of the Audit & Accounting Group. “I’m excited to lead the firm and address the challenges affecting our profession,” said Carol.
ASL is a firm of 90 employees including 14 principals, of which six are women. As a result, the firm was named to the 2019 Accounting & Financial Women’s Alliance Best CPA Firms for Equity Leadership List, based on the 2019 Accounting MOVE Project. The MOVE Project summarized, “the internal culture at Abbott, Stringham & Lynch has made the firm a beacon in accounting when it comes to the numbers of women, including women of color, on staff and at the highest levels of leadership at the firm.”
From 2013 – 2014 Carol was California Society of CPAs’ (CalCPA) Board of Directors President, and the former Chair of the Accounting Principles and Auditing Standards Committee. In addition, she was recognized with the YWCA’s Tribute to Women Award in 2014, which honors women who have excelled in their fields and made significant contributions to the Silicon Valley, and their companies whose policies and practices encourage women’s leadership and promote equal advancement opportunities for women of diverse backgrounds.
About Abbott, Stringham & Lynch
Founded in 1977, ASL offers a wealth of experience in delivering high-quality services and specialties to its clients. The firm works with emerging- and middle-market privately held businesses to help them thrive in their markets. ASL also partners with high-net-worth individuals – owners, founders, and executives – to help them protect and grow their wealth. The firm identifies untapped opportunities, challenges, and solutions, enabling clients to make effective and timely decisions today that lead to a fuller and more secure tomorrow.
Designed to facilitate quality decisions, ASL’s services cover corporate tax planning and compliance, assurance and accounting, estate and gift tax planning, litigation support, succession planning and valuation. The firm’s services are contextualized by its specialties in real estate, construction, technology, family wealth and individual tax, emerging businesses, manufacturing and distribution, nonprofit organizations, renewable energy, and recreation and entertainment.
ASL is a member of Allinial Global, a strategic affiliation of independent CPA firms who collaborate with each other to provide industry-specific tax, audit, and advisory expertise to clients worldwide.