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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.
Technology

Journal of Accountancy launches new Web site

The Journal of Accountancy, the award-winning monthly magazine of the American Institute of Certified Public Accountants, introduced a redesigned Web site at the Institute's annual fall governing Council meeting. The new Web site is packed with new features, online-only articles, and a searchable archive of the magazine's authoritative and in-depth coverage of the accounting profession.

AICPA issues gold medals for distinguished service

Robert L. Bunting, CPA, former chairman of the American Institute of Certified Public Accountants, and David M. Walker, CPA, former comptroller general of the United States, are the 2008 recipients of the Institute's Gold Medal Award for Distinguished Service. The gold medal is the highest award granted by the AICPA. Bunting and Walker received the award today at the fall meeting of the AICPA governing Council. Robert L.

AICPA announces Business and Industry Hall of Fame winners

The American Institute of Certified Public Accountants has selected three 2008 inductees into its Business and Industry Hall of Fame, an annual event sponsored by the Mergis Group, a specialized finance and accounting placement firm. "The 2008 winners exemplify the strategic value of a CPA working in business and industry and demonstrate how a company can leverage the CPA skill set," said Christopher McKittrick, CPA, AICPA director of business, industry and government. "Each Hall of Famer was selected based on contributions to his respective organization's success.

GASB seeks comments on new proposals to transfer AICPA guidance

The Governmental Accounting Standards Board (GASB) is seeking comments on two new Exposure Drafts that set forth proposals to transfer accounting and financial reporting guidance currently contained in the American Institute of Certified Public Accountants (AICPA) auditing literature into the GASB's accounting and financial reporting literature for state and local governments.
Education & Careers

AICPA offers tips to parents sending children to college

If you have children getting ready to head off to college, there’s one subject you shouldn’t leave to their professors to cover.Money.The American Institute of Certified Public Accountants recommends that you have this all-important discussion before you and your dorm-bound kids walk out the door.“Start with establishing a simple budget for their spending money,” advises Susan Bruno, CPA/PFS, of Beacon Wealth Consulting LLC, Rowayton, Conn, and member of the AICPA’s Personal Financial Specialist Credential Committee.

AICPA and Texas Tech announce new pathway to PFS credential

The American Institute of Certified Public Accountants (AICPA) and Texas Tech University's Division of Personal Financial Planning have announced a joint agreement to develop a new educational program that will lead to the AICPA's Personal Financial Specialist (PFS) credential. The program will officially begin in June 2009, but the AICPA and Texas Tech have announced that they will conduct a PFS Pathway beta program or test program at AICPA offices in Dallas November 10 through 14th.

AICPA presents award to best early career researcher

Kristy Towry, Ph.D., assistant professor of managerial accounting and finance at the Goizueta Business School, Emory University was awarded the Best Early Career Researcher Award from the American Institute of Certified Public Accountants. The Chartered Institute of Management Accountants in the United Kingdom and the Society of Management Accountants (CMA Canada) co-sponsored the award.
Education & Careers

AICPA names Elijah Watt Sells award winners

The American Institute of Certified Public Accountants has announced the winners of the 2007 Elijah Watt Sells Awards. The awards are presented annually to the 10 candidates earning the highest cumulative scores on the four sections of the Uniform CPA Examination. These candidates must have completed testing during the previous calendar year and passed each exam section on their first attempt. In 2007, there were over seventy-six thousand examinees.The 2007 award winners (in alphabetical order, followed by their State Board affiliation) are:Steven J.

AICPA names 2008 Outstanding CPA in Government awards

Kurt K. Kawafuchi, CPA, J.D.-M.B.A., LL.M of Honolulu and Robert B. Scott, CPA of Carrollton, Texas have been named recipients of the American Institute of Certified Public Accountants' 2008 Outstanding CPA in Government Award. Kawafuchi received the state government award. Scott earned the local government award. The awards will be presented on August 18 at the AICPA's 25th Annual National Governmental Accounting and Auditing Update Conference to be held in Washington, D.C.

AICPA to offer XBRL seminar

The American Institute of Certified Public Accountants is offering a special two-day seminar, July 22-23, for financial professionals on understanding and applying the new eXtensible Business Reporting Language (XBRL) required for public companies by the Securities and Exchange Commission."This is a significant emerging issue for preparers," said Arleen Thomas, AICPA senior vice president member competency and development. The SEC proposed on May 30 to require all U.S.
Education & Careers

AICPA receives more than 360 minority accounting scholarship applications

The American Institute of Certified Public Accountants received more than 360 minority accounting scholarship applications following a workshop entitled "Lead the Way, Make a Difference, Become a CPA" to promote diversity within the accounting profession held May 29-31 in Peachtree, GA. The workshop emphasized the importance of obtaining the CPA credential and highlighted the flexibility and various career paths of the accounting profession. Session topics focused on the importance of networking and mentoring.

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