Adrienne Straccione, CPA, partner, at Wouch Maloney CPAs & Business Advisors, recently earned the Certified Construction Industry Financial Professional (CCIFP) designation which places her among the most highly qualified construction financial professionals in the industry.
Straccione joins an exclusive group of over 1,150 professionals nationwide who have met the rigorous standards of the CCIFP designation in the practice of construction financial management. Of those with the CCIFP designation, only 32% are women. According to the Certification Division of the Construction Financial Management Association (CFMA), the CCIFP designation is “the only construction financial management certification accredited by the ANSI National Accreditation Board (ANAB).”
“I knew at a very young age that I liked working with numbers,” said Straccione. “When I started my career at Wouch, Maloney, I was unfamiliar with construction accounting. I was added to the team for our largest contractor client and enjoyed the new challenge. Helping clients understand their financial information so that they can make better decisions when it comes to bidding on contracts, analyzing costs, growth, etc., is professionally and personally fulfilling. From that moment forward, I fell in love with construction accounting and wanted to become an expert in this field. As a woman in construction with a CPA and CCIFP designation, I am able to provide construction clients with the knowledge, expertise and high level of service they deserve in an industry that is dominated by men.”
The CCIFP is the only standard to recognize those financial professionals with a superior understanding of the construction industry’s financial opportunities and challenges. To earn the designation, candidates must serve in a professional financial role for a construction contractor or an accounting and/or financial service provider to the industry and pass a comprehensive exam. To maintain their Certification, CCIFPs are required to adhere to a Code of Ethics and complete ongoing continuing education in the field of construction financial management.
The CCIFP exam covers accounting and reporting, income recognition, budgeting and planning, risk management, taxes, human resources, legal issues, and information technology. This designation has garnered endorsements from the Construction Financial Management Association (CFMA), Construction Industry CPAs/Consultants Association (CICPAC), International Risk Management Institute (IRMI), National Association of Surety Bond Professionals (NASBP), and other well-respected construction industry groups.
In addition, Straccione is a CPA licensed in Pennsylvania and partner-in-charge of the Center City office for Wouch Maloney. She serves on the executive board of directors as treasurer for the Philadelphia Chapter of Professional Women in Construction (PWC). She is also a member of the National Association of Women in Construction (NAWIC) and the General Building Contractors Association (GBCA). In 2022, she was named a Power Players Power Women by Metro Philadelphia, received the 2021 PICPA Women to Watch award, and received the 2013 PICPA Young Leaders Award. She graduated from the Fox School of Business at Temple University and lives in Philadelphia with her husband and two children.
About Wouch, Maloney & Co., LLP:
Founded in 1989, with offices in Philadelphia and Horsham, Pennsylvania, and Bonita Springs, Florida, Wouch, Maloney & Co., LLP is a CPA and business advisory firm that provides accounting, audit, tax and advisory services to industry sectors including construction, real estate, insurance, manufacturing, distribution, professional service firms, professional athletes, entertainment and wholesale. Specialty services include international services, forensic accounting, litigation support, estate planning, business succession planning, and business valuations.
About the Certification Division of CFMA
Founded in 1981 – celebrating its 40th anniversary this year – and headquartered in Princeton, NJ, CFMA is an individual membership organization and the only association dedicated to bringing together construction financial professionals and those partners serving their unique needs. CFMA provides invaluable resources and education to its more than 8,300 members and 99 chapters across North America. The Certification Division of CFMA (formally the Institute of Certified Construction Industry Financial Professionals) is dedicated to promoting and recognizing the highest standard and best practices within the profession through the Certified Construction Industry Financial Professional (CCIFP) credential. Established in 2003 the CCIFP credential is accredited by the ANSI National Accreditation Board (ANAB) and is the only standard to recognize that an industry professional truly knows the business of construction.
