U.S. CPAs gaining in IFRS awareness

CPAs are gaining awareness about International Financial Reporting Standards. Furthermore, CPAs increasingly foresee a need to gain advanced or expert knowledge as the U.S. moves toward global accounting standards.
Community News

Accountants and accounting firms helping Haiti disaster victims

Across the U.S., firms and individuals in the accounting profession are answering the urgent need for help for victims of the 7.0 magnitude earthquake disaster in the island republic of Haiti on January 12.
Community News

Rick Anderson named to head “Blue-Ribbon Panel" on accounting standards for private companies

Rick Anderson, chairman and CEO of Moss Adams LLP, has been named chairman of a “blue-ribbon panel” established to analyze U.S. accounting standards and how they can best meet the needs of users of private company financial statements.

U.S. Reps who are also CPAs call for Comptroller General to be a CPA too

A bipartisan effort has resulted in legislation that could require the next comptroller general to be a CPA.

Blue ribbon panel to address private company accounting standards

The American Institute of Certified Public Accountants (AICPA) and the Financial Accounting Foundation (FAF) have announced the establishment of a “blue-ribbon panel” to address how U.S. accounting standards can best meet the needs of users of private company financial statements.

Revised Generally Accepted Privacy Principles seek to curtail identity theft

Responding to a spike in identity theft and increasing storage of personal information on portable devices, the AICPA and the CICA have expanded Generally Accepted Privacy Principles.

Systemic risk legislation amendment threatens FASB’s independence

Barry Melancon and Cindy Fornelli participated in a joint briefing on Monday to express their strong opposition to an amendment to the Financial Stability Improvement Act.

Robert Denham, William Ezzell receive AICPA awards

Robert E. Denham is the recipient of the AICPA 2009 Medal of Honor. William F. Ezzell is the 2009 recipient of the Institute's Gold Medal Award for Distinguished Service.

Robert Harris elected as new chairman of the AICPA

Robert R. Harris, CPA, who served on both the board of directors and governing Council of the American Institute of Certified Public Accountants, has become the Institute's chairman. His term is one year.
Community News

Carol Scott named AICPA vice president of business, industry and government

The American Institute of Certified Public Accountants has named Carol S. Scott as its new vice president – business, industry, and government.

AICPA: CPAs should be exempt from pending consumer financial protection legislation

The AICPA told a U.S. House panel that certified public accountants should be exempt from pending legislation to create a new Consumer Financial Protection Agency because CPAs are already highly regulated.

Is peer review all it's cracked up to be?

Some call it “auditing the auditors.” On a regular basis, professionals cross check each other. That sounds like a good thing. But is it?

Peer review: System reviews versus engagement reviews

The AICPA Peer Review Program includes different levels of peer reviews - a system peer review and an engagement peer review.

AICPA offers tips for choosing a peer reviewer

Peer reviews are required of all CPA firms that are members of the AICPA, and audit committees often use the peer reviews as a way to assess whether they should hire a particular firm.
Community News

Peer review teams must rely on AICPA's revised standards

Peer reviewers and firms must focus on six changes in the newly revised AICPA Standards on Performing and Reporting on Peer Reviews.
Education & Careers

Computerized CPA exam reaches one million mark

The computerized Uniform CPA Examination has achieved one million administrations, according to the American Institute of Certified Public Accountants, National Association of State Boards of Accountancy and Prometric, the three parties in charge of the exam."The significance of the one millionth exam section transcends the milestone itself," said Barry Melancon, AICPA president and CEO. "More people are sitting for the CPA exam because the CPA profession has enjoyed unprecedented growth as an attractive career choice.
Education & Careers

AICPA responds to CPA exam myths

Another season, another batch of new CPAs are being sworn in. Jeff, a CPA and the author of "Another 71 - A CPA Exam Blog," recently posed these questions to the AICPA in hopes of clearing up some confusion about the infamous exam.1. A Curve on the CPA Exam? A common myth that circulates among CPA exam candidates is that CPA exam scores are curved according to the performance of other candidates taking the same section.

A Conversation With: Barry Melancon - Intacct and Cloud Computing for AICPA members

AccountingWEB's managing editor, Gail Perry, spoke with AICPA President and CEO, Barry Melancon, at the AICPA Practitioner's Symposium in Las Vegas last month. In this part of the interview, Melancon discussed Cloud Computing, the AICPA's new partnership with Intacct, and the Software as a Service opportunities the AICPA is making available to its members.GP: Regarding Intacct and your relationship - how is that going to affect the AICPA and its membership?

AICPA poll uncovers major concerns of Americans

Job security emerged as a top financial concern for Americans amid a 16-month U.S. economic recession, according to a poll conducted by Harris Interactive on behalf of the American Institute of Certified Public Accountants. Nearly five in 10 employed Americans – 47 percent – said they are "concerned" about losing their jobs soon. Fifteen percent said they were "somewhat concerned" and 10 percent said they were "very concerned." Nationwide the U.S.

AICPA comments on SEC proposed IFRS roadmap

The American Institute of Certified Public Accountants has submitted its comments to the Securities and Exchange Commission's proposed Roadmap for the Potential Use of Financial Statements Prepared in Accordance with International Reporting Standards by U.S. Issuers.