Parke, Jay

Jay Z. Parke, CPA

Audit Partner

Jay Parke has been in public accounting since 1998, providing audit, accounting, consulting and forensic accounting services to clients in all major economic sectors.

An "Az Business Leaders 2023" honoree, Jay oversees the audit and accounting practice at Walker & Armstrong. His background includes auditing publicly traded and privately owned companies, not-for-profit entities, state and local governments, and benefit plans.

He also helps companies receive Arizona's Qualified Facility tax credit, which promotes the location and expansion of manufacturing facilities.

Jay’s experience at a national firm included managing audits in the industries of technology, agriculture, hospitality, construction and a large Native American Community. He also assisted in developing the single audit curriculum used internally by the firm.

While working at local firms, Jay has performed a variety of advisory services work which includes several turnaround engagements for organizations experiencing financial and operational challenges. This includes financial and organizational restructuring and assisting with debt covenant compliance, and has involved functioning as the chief financial officer for several large organizations experiencing financial or other hardships. Jay has also assisted in developing legislation to assist local governments with regulatory compliance.

Certifications

Certified Public Accountant (CPA): Achieved the second highest score in one sitting on the May 1998 exam

Certified Government Financial Manager (CGFM): Association of Government Accountants

Certified Low Income Tax Credit Compliance Specialist

Honors & Awards

"Az Business Leaders 2023" (Accounting), AZ Big Media

Professional Memberships

American Institute of Certified Public Accountants (AICPA)

Arizona Society of Certified Public Accountants (ASCPA)

Association of Government Accountants (AGA): Treasurer, Southern Arizona Chapter

Community Leadership

Arts for All: Member, Board of Directors

Southwest Autism Research and Resource Center: Member, Professional Advisory Committee

Education

B.S., Accounting, Central Washington University

Areas of Practice

Audit, Review and Compilation

Agreed Upon Procedures

Internal Controls

Generally Accepted Accounting Principles (GAAP)

Consulting

Published Articles

“Independence: The Need for Consistency and Common Sense,” AZ CPA, November 2015

Client Advisories

Jay Parke presents "COVID-19 Funding and Compliance" at ASCPA Governmental Accounting Conference

By Walker & Armstrong LLP • 07 Feb, 2022

Walker & Armstrong audit partner Jay Parke presented "COVID-19 Funding and Compliance" at the Arizona Society of Certified Public Accountants' 2022 Governmental Accounting Conference on February 4.

Webinar on Demand: "Cyber-insecurity: How Safe Is Your Data?"

By Walker & Armstrong LLP • 19 Jul, 2021

In our May 26, 2021, webinar, Certified Ethical Hacker Michael Cocanower (itSynergy) and audit partner Jay Parke (Walker & Armstrong) helped our audience members identify cybersecurity threats and discussed procedures for protecting their data. If you could not attend our webinar, or if you want to see it again, it's now available for replay.

Internal Control Considerations: A Close Look

By Jay Z. Parke, CPA • 14 Dec, 2012

Not-for-profits are often challenged in determining the correct balance of costs versus benefits involved in establishing and maintaining internal controls.

Not-for-Profit Board Governance Considerations

By Jay Z. Parke, CPA • 20 Apr, 2012

Sound governance is key to a not-for-profit 's effective fulfillment of its objectives while complying with applicable laws, regulations and contractual arrangements.

Presentations

"COVID-19 Funding and Compliance" (PowerPoint), Governmental Accounting Conference, Arizona Society of Certified Public Accountants, February 2022

“Fraud Risk Assessment and Prevention,” January 2015 and January 2019

“Uniform Guidance – Auditor and Auditee Perspectives,” February and May 2017

“Understanding Criminal Minds,” May 2014

“Enterprise Risk Management Concepts for Governments,” November 2011

Market Sectors

Not-for-Profit Entities