Black-Owned CPA and Financial Services Firms Announce New Name and Brand

By MBE Magazine Staff 
Last updated on November 30th, 2020 02:56 pm

New Website Makes it Easy to Find and Do Business with the Group’s Members

Diverse Organization of Firms logo

 The 35-year-old association of Black-owned certified public accountant (CPA) and financial services firms revealed its new organizational brand and firm-searchable website.

The Diverse Organization of Firms (DOF), a national 501(c)(3) nonprofit association whose active members are Black and other minority owners of licensed CPA and financial services firms. Member firms provide a variety of accounting, finance, tax and consulting services to corporations, small businesses, government, nonprofit organizations and individuals across the globe.

“For businesses, government agencies and individuals wanting to work with Black-owned accounting and financial services firms, it is essential to be able to identify them in various regions of the United States,” said Odysseus Lanier, CPA, DOF chairman. “Our new website (http://www.dofinc.org) makes it easy to locate our firms not only by city and state, but also by service and practice area, professional and firm certification, and North American Industry Classification System (NAICS) codes.”  

“Our website also makes it easy for members to collaborate to pursue and secure business opportunities, including mentoring emerging firms who lack the experience to win significant contracts,” said Lanier, who is consulting/management advisory partner with McConnell & Jones, LLP, in Houston, Texas, the second-largest Black-owned accounting firm in the United States.

DOF, formerly the Division of Firms, has a mission to empower, educate and advocate for the accounting profession to ensure innovation, mentorship, relevancy and continued value. A key organization accomplishment, working with the American Institute of Certified Public Accountants, was work to increase the U.S. Small Business Administration’s small business revenue size standards in the accounting sector.

“This increased business opportunities for Black-owned accounting firms by allowing them to compete for federal contracts as ‘small businesses’ rather than in full and open competition with accounting firms designated by the SBA as large businesses,” Lanier said.

“Doing business with Black-owned accounting and financial services firms provides America’s corporations facing changing demographics the opportunity to gain a competitive advantage,” said Lanier added. 

Acknowledging a dearth of opportunities afforded to Black-owned firms – particularly in the service sectors – Lanier said, “It is important to include our firms in strategic procurement initiatives to maintain a competitive advantage in the marketplace.”