AICPA

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?another71.com: 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.
Technology

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.
A&A

AICPA, CPA2Biz, and Intacct form alliance to benefit small businesses

The American Institute of Certified Public Accountants (AICPA), its subsidiary CPA2Biz, and Intacct today announced an alliance that they expect will benefit millions of small businesses across America and improve the productivity of the CPA profession.
Education & Careers

Beta Alpha Psi & AICPA join forces to inspire greatness in students

Beta Alpha Psi, the honorary organization for financial information students and professionals, and the AICPA are teaming up again this year to offer a sponsorship program designed to inspire greatness in future accounting professionals. An advisory board will select up to three winners and each will receive a cash scholarship of $5,000 and a Medal of Inspiration Award.

Melancon appointed to another term at AICPA helm

The American Institute of Certified Public Accountants announced that Barry Melancon's term as president and CEO has been extended for an additional five years by the Institute's Board of Directors. Ernie Almonte, chairman of the AICPA, said the decision was the right one for the board to make: "Barry has made an enormous contribution to the CPA profession over the past 14 years, and the board is exceptionally pleased that he will continue to serve as president and CEO.
Education & Careers

New AICPA site designed to help with job searches in this poor economy

The American Institute of Certified Public Accountants is providing a free online job finder to make it as easy as possible for accounting employers and employees to find opportunities during the current U.S. economic recession."With some firms downsizing while others are adding professional staff, we are in a unique position to be able to help firms to work together in resolving their staffing challenges," said Barry Melancon, president and CEO of the AICPA.

AICPA announces launch of Economic Crisis Resource Center

The American Institute of Certified Public Accountants has announced that it is launching a new online Economic Crisis Resource Center to provide AICPA members with the information they need to assist their clients during the current very difficult economic times."Because of the global economic turmoil, individuals and businesses need highly reliable information that takes all of the latest data and trends into account," said Barry Melancon, president and CEO of the AICPA.
Community News

Irvin F. Diamond receives AICPA PFP Distinguished Service Award

The American Institute of Certified Public Accountants has named Irvin F. Diamond, CPA/PFS, of Albuquerque as the recipient of the 2008 Personal Financial Planning Distinguished Service Award.Diamond received the award at the Institute's 2009 Advanced Personal Financial Planning Conference in San Diego.

Jacob G. Birnberg, Ph.D. receives AAA-AICPA Lifetime contribution award

Jacob G. Birnberg, Ph.D. has been awarded the 2008 Lifetime Contribution Award from the Management Accounting Section of the American Accounting Association, sponsored by the American Institute of Certified Public Accountants. The Lifetime Contribution Award recognizes individuals who have made an important mark on management accounting education, research, and practice. Birnberg was honored for his research and teachings regarding the application of behavioral sciences to accounting problems from organizational, individual, and group perspectives."Dr.
Education & Careers

Preview of the CPA exam of the future

The American Institute of Certified Public Accountants' (AICPA) Board of Examiners (the Board) has approved CBT-e, a multi-year project for Uniform CPA Examination improvements, and work is currently underway in content-related, operational, psychometric, and system areas toward the CPA exam of the future. Specific improvements proposals were reviewed and commented on by state boards of accountancy, academic programs, accounting firms, and CPAs working in public accounting and based on these comments, the Board of Examiners approved work on five proposals.
Education & Careers

AICPA improves CPE online grading site

The AICPA has announced major improvements to its Online Grading Web site for CPE self-study courses. The upgrade of the AICPA CPE Online Grading site was done in collaboration with CPA2Biz, Inc., the marketing and technology subsidiary of the AICPA. The enhancements include a modern new design, improved navigation, new features to the exam, and a simplified login process.

AICPA to participate in forum hosted by Prince Charles

The American Institute of Certified Public Accountants has announced that it has agreed to participate in a forum hosted by His Royal Highness the Prince of Wales on "Accounting for Sustainability: Decision-Making and Reporting in a Resource-Constrained World." The forum will be held December 17th in London at the Royal Family residence at St.
Practice Management

MAP survey results show continued growth for CPA firms

A large majority of CPA firms reported continuing strong growth during the past two years according to the 2008 National Management of Accounting Practice survey by the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants. "CPA firms continue to do well," said James C. Metzler, CPA, AICPA vice president, small firm interests.

AICPA elects new chairman, Ernest Almonte

Ernest Almonte, auditor general of the State of Rhode Island, has been elected to the post of chairman of the American Institute of Certified Public Accountants. He is the first government official to serve in this volunteer position since the organization's founding in 1887. His term is one year.As chair, Almonte stands at the helm of the nation's largest body of CPAs.

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