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Jerusalem - Chasidic Man Who Grew Up In Borough Park Earns Highest Score On Israel’s CPA Audit Exam

Published on: January 15, 2019 01:00 PM
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29 year old father of three, Menachem Abramovitz29 year old father of three, Menachem Abramovitz

Jerusalem - A Beit Shemesh resident who is a graduate of one of Brooklyn’s Chasidic yeshivos will be honored next month for receiving the highest grade in a difficult component of Israel’s CPA exam.

Menachem Abramovitz scored a 79 in audit, one of two exams given last July to aspiring CPAs by The Institute of Certified Public Accountants in Israel, a member of the International Federation of Accountants. 

The 29 year old father of three received his grades for the audit and finance exams in October but was informed only last week that he had earned the highest grade in audit.

Abramovitz said that only 34 percent of the approximately one thousand people who sat for the audit exam in July earned a passing grade.

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The ICPAI offers two different methods for earning a CPA.  Like Abramovitz, most people planning to become CPAs choose the academic program, which requires a bachelors degree, a supplemental year of study in accounting and taxation and passing grades on the ICPAI’s final exams in finance and auditing. 

Those who elect to go the non-academic route must complete a series of 15 ICPAI tests, which includes the finance and audit exams.  Candidates are also required to work for two years for a CPA before they can earn their licenses.

Earning a CPA in the United States is difficult, said Abramovitz, but the process is even more grueling in Israel.

“There are too many people applying to become accountants and they are trying to slow it down and have been making it very hard and the average number of people passing has gone down to just 30 or 40 percent,” Abramovitz told VIN News. 

“The American tests are also given every few weeks while here they are only given twice a year.”

The ICPAI will be distributing licenses to those who have successfully earned their CPAs at Binyanei Hauma in Jerusalem on February 4th and will be recognizing the top three scorers on each exam with medals. 

Abramovitz will be honored with a gold medal and will be given the opportunity to briefly address the audience.

A Gerrer chosid, Abramovitz consulted with his rabbi before leaving kollel and choosing a career path.  He is not planning to pursue accounting in the long term and is instead aspiring to become a chief financial officer for a public finance department.

Asked to share his reflections on his high score, Abramovitz turned the spotlight away from himself.

“I was Baruch Hashem blessed with great skills so it was easier for me to reach this position,” said Abramovitz, who also scored very well on the finance exam.  “There are plenty of students who did give up much more effort, time and energy who deserve to be noticed without reaching the highest marks.”

Abramovitz is a graduate of Yeshiva Yagdil Torah in Borough Park. 

His lengthy educational career includes an associate degree from Machzikei Hadath Rabbinical College, five years in kollel in Jerusalem’s Mir Yeshiva, a dual bachelors degree in business management and finance and accounting from Ono Academic College which offers separate men’s and women’s programs for Charedi students, and an extra year of CPA preparatory classes.

Abramovitz is currently employed as a senior tax accountant for BDO US Tax Compliance, is certified as an Enrolled Agent with the Internal Revenue Service and is in the process of earning an MBA in real estate financing and appraisal at Jerusalem’s Hebrew University.



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Read Comments (17)  —  Post Yours »

1

 Jan 15, 2019 at 01:31 PM a-believer Says:

Hey I thought yeshiva students don’t learn enough ??

2

 Jan 15, 2019 at 01:40 PM Secular Says:

3 hours of secular studies a day ...

3

 Jan 15, 2019 at 01:41 PM amerikaner Says:

this s/b sent to Yafid's Moster SR"Y and to the NYS Edu Minister

4

 Jan 15, 2019 at 01:55 PM anon6 Says:

this guy sounds like a genius!

5

 Jan 15, 2019 at 02:23 PM Anonymous Says:

Mazal Tov! Refreshing to hear about a charedi in EY going to work and in a professional career.

6

 Jan 15, 2019 at 03:35 PM fat36 Says:

Reply to #1  
a-believer Says:

Hey I thought yeshiva students don’t learn enough ??

I would not give credit to any of the Yeshivas For this man’s success it just so happens to be that he’s a smart person and probably enjoyed learning.

7

 Jan 15, 2019 at 03:36 PM yamsar Says:

Reply to #1  
a-believer Says:

Hey I thought yeshiva students don’t learn enough ??

They don’t. The bulk of the boys wouldn’t be able to do what he did.

8

 Jan 15, 2019 at 04:03 PM Charedi Jew Says:

His yeshiva Yagdil Torah is from the "Normal" Boro Park Yeshivas, Ex: Bais Shmuel, Chasan Sofer where there is a decent English Department. You can be sure Menachem did not come out of Visnitz, Satmar or Belz etc.
This entire fight is only the few Chassidisha yeshivas where they come out not knowing how to spell, compose a normal sentence, nor speak clearly (vaat veen) amoung other set backs.
Why can't the theses Chassidisha Yeshivas bring up their education system to the standard of those Boro Park Yeshivas and give the students a chance in life! Look at this guy, he's now got a good chance of making a pleasant parnusa.
The irony is Reb Brudny from then Mir is the big advocate against the school system expectations, however Mir has a decent English Dept. with Regents - Isn't it hypocritical to stick up for the few chassidisha Yeshivas when according to him, his very own Yeshiva is causing so substantial BITTEL TORAH by spending so much time for English. No body ever thought of this?

9

 Jan 15, 2019 at 07:15 PM CPA Says:

This is an amazing accomplishment!

As a Chasidic man who grew up in Borough Park who earned a top score on the CPA Examinations, I applaud Mr. Abramovitz.

As in my case, this disproves the myth that Chasidish yeshivas do not adequately prepare their students to succeed.

10

 Jan 15, 2019 at 07:16 PM CPA Says:

Reply to #8  
Charedi Jew Says:

His yeshiva Yagdil Torah is from the "Normal" Boro Park Yeshivas, Ex: Bais Shmuel, Chasan Sofer where there is a decent English Department. You can be sure Menachem did not come out of Visnitz, Satmar or Belz etc.
This entire fight is only the few Chassidisha yeshivas where they come out not knowing how to spell, compose a normal sentence, nor speak clearly (vaat veen) amoung other set backs.
Why can't the theses Chassidisha Yeshivas bring up their education system to the standard of those Boro Park Yeshivas and give the students a chance in life! Look at this guy, he's now got a good chance of making a pleasant parnusa.
The irony is Reb Brudny from then Mir is the big advocate against the school system expectations, however Mir has a decent English Dept. with Regents - Isn't it hypocritical to stick up for the few chassidisha Yeshivas when according to him, his very own Yeshiva is causing so substantial BITTEL TORAH by spending so much time for English. No body ever thought of this?

YAFFED is targeting what you consider "normal" yeshivas too.

11

 Jan 15, 2019 at 07:55 PM sissel613 Says:

proof that yeshivos are doing ok without help from the DOE--thank you very much!!!

12

 Jan 15, 2019 at 10:25 PM Anonymous Says:

My brother in-law was drafted into the U.S. Army during the early 1950's, and was stationed in Germany, with the U.S. Army of Occupation. He majored in Accounting in College, and as such was assigned to the Finance Corps. When he reported to his post, his supervisory Sergeant asked him "Why are all you Jews sent to the Finance Corps? In that Sergeant's mind, "Jews are very good with money", and hence, the Army thought that it could benefit from their accounting experience. In any event, I wish a hearty Mazel Tov to Mr. Abramovitz!

13

 Jan 16, 2019 at 01:46 AM Caroline Says:

What a NACHAS!! Keep making your wonderful parents proud!

14

 Jan 16, 2019 at 01:47 AM You're so Wrong!! Says:

Reply to #6  
fat36 Says:

I would not give credit to any of the Yeshivas For this man’s success it just so happens to be that he’s a smart person and probably enjoyed learning.

You are so damn wrong and obviously do not personally know Yeshiva Yagdil Torah and Machzikei Hadath Rabbinical College where this man studied in his youth. I personally attended these yeshivos a couple of years before this young man, and am proud to say that I am a CPA as well and the director of finance of a multi-million dollar business which happens to be the largest company in NYC of the specific industry I work in. Approximately 40-50% of my classmates graduated with Regents Diplomas and another 20% received High School Diplomas. The Gerrer community is probably the only chassidus that can speak English fluently without a chassidishe accent, and can actually read and write with a very decent vocabulary.

While most graduates of these mosdos may not have the highly risky entrepreneurial mentality, they do tend to go on and obtain higher levels of education thus making them into professionals in their fields and highly sought after by the entrepreneurs to run their financials and businesses.

It would help if you did your homework before you comment.

15

 Jan 16, 2019 at 05:32 AM Aguttenshabbos Says:

Reply to #11  
sissel613 Says:

proof that yeshivos are doing ok without help from the DOE--thank you very much!!!

Nonsense!! There are exceptions to every rule. All of you saying "you see"?? Take it easy. A few people lucked out in the brains/luck department, so what. The masses did not.

16

 Jan 16, 2019 at 11:05 AM PaulinSaudi Says:

Good for him!

17

 Jan 17, 2019 at 12:08 PM Anonymous Says:

Reply to #5  
Anonymous Says:

Mazal Tov! Refreshing to hear about a charedi in EY going to work and in a professional career.

As a USA citizen, he wasn’t required to serve in the ZIONIST ARMY, in order to be able to go work Legally in the ZIONIST STATE OF ISRAEL!!!!!

18

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