AICPA

A&A

Historic AICPA/FASB Joint Proposal Aims to Improve Private Company Financial Reporting

The Financial Accounting Standards Board (FASB) joins the American Institute of Certified Public Accountants (AICPA) today in announcing a joint proposal exploring the development of accounting standards for privately held companies.
Practice Management

Mark Your Calendar: PCPS Debuts New Practice Management Forum

The Private Company Practice Section (PCPS) of the American Institutes of Certified Public Accountants (AICPA) is debuting a new series of online practice management forums with How to Identify and Manage Your Firm’s Key Profitability Drivers featuring Jeffery Pawlow, CEO of The Growth Partnership, on Wednesday, June 7, 2006, from 2 p.m. to 3 p.m. Eastern time.
Community News

Karen Pincus Earns Distinguished Achievement in Accounting Education Award

“The future of our profession is built on the quality and the number of the young people who join us,” Leslie Murphy, American Institute of Certified Public Accountants (AICPA) Chair explained while presenting the Distinguished Achievement in Accounting Education Award to Karen V. Pincus, Chair of the Department of Accounting at the University of Arkansas. “That, in turn, depends on whether quality people decide to study accounting and how well they are trained in their collegiate and post-collegiate education.

Saudi Best Practices Lead Arab World

Dr. Ahmed Bin Abdulla Al Moghames will address the World Accounting Summit being held the last week in May in Dubai. He is the Secretary General of the Saudi Organization for Certified Public Accountants (SOCPA). The local challenges of international finance convergence and the misconceptions of Saudi accounting ethics will be the subjects of Dr. Al Moghames’s address to the summit. “People think that accounting in Saudi Arabia is weak, and that our standards come from nowhere. But those who don’t know can’t judge.
A&A

Sales tax compliance costs hit hard on SMBs

In what offers the faint hint of another area where accountants can assist small and midsized (SMB) clients, a government and business study has found that the costs of complying with state sales tax regulations is a financial burden for all retail businesses and hits especially hard on the smallest.
Tax

AICPA Offers Credit Monitoring After Loss of Computer Hard Drive

The American Institute of Certified Public Accountants (AICPA) has told members that a computer hard drive containing names, addresses and Social Security numbers has been lost.Advertisement

AICPA Committee Seeks Interstate Practice Solutions

The American Institute of Certified Public Accountants (AICPA) has created a new volunteer committee, the special Committee on Mobility, to identify unnecessary burdens and requirements blocking CPAs from easily practicing across state lines.
Education & Careers

Accounting Scholarships

Scholarships assist in the pursuit of an accounting education. These opportunities are offered by educational and corporate sources. Several of these programs are described below.The American Institute of Certified Public Accountants (AICPA) offers their Scholarship for Minority Accounting Students. Students must be declared accounting majors having a minimum 3.3 GPA. The applicant must have completed 30 credit hours, with at least six in accounting.
A&A

AICPA Partner Program with Paychex Extended Through 2011

The success of the Paychex Partner Program from American Institute of Certified Public Accountants (AICPA) Business Solutions has resulted in a five year extension of the contract. Initially named the preferred payroll services provider to CPA clients by CPA2Biz in 2003, under the extension Paychex will also be designated as the preferred provider of retirement plan services for CPA clients.
Community News

AICPA and Other Accounting Institutes Forge Global Alliance

The American Institute of CPAs (AICPA) has joined with most of the other major national accounting profession organizations around the world to create a Global Accounting Alliance.

American Companies Can’t Continue Offering Adequate Pensions

A new survey from the American Institute of Certified Public Accountants (AICPA) indicates that the vast majority of CPA’s in executive positions, such as corporate chief executive officers (CEOs), chief financial officers (CFOs) and Controllers, believe American companies can’t continue providing pensions that adequately cover their employees’ retirement years.

Boomers More Worried About Fuel and Medical Costs

What is keeping Baby Boomers up at night?
Practice Management

Mark Your Calendar: AICPA Small Business Practitioners’ Tax Forum

Developed by practitioners for practitioners, the American Institute of Certified Public Accountants’ (AICPA’s) Small Business Practitioner’s Tax Forum offers proven strategies and answers helping firms distinguish themselves in the highly competitive small business marketplace.
Technology

A Conversation With...Ron Eagle

After a long, successful career centered on accounting profession technology, Ron Eagle is winding down his work life, but still has plenty to say about accounting and the Information Technology Alliance (ITA), the group he has led since its inception in the late 1990s.
Tax

AICPA Urges Pause in Section 7216 Regulatory Effort

The American Institute of Certified Public Accountants (AICPA) testified at an Internal Revenue Service (IRS) hearing on Tuesday, that regulatory process regarding proposed regulations under Internal Revenue section 7216, should be paused to allow for further discussion. The AICPA told the IRS that protection of tax return information should remain a top priority.
Tax

Beware of These 10 Common Tax Filing Mistakes

The American Institute of Certified Public Accountants (AICPA) has identified 10 common and avoidable errors taxpayers make on their federal tax returns that can affect their tax bill, delay processing of their return and even draw the attention of the Internal Revenue Service (IRS).Advertisement
Education & Careers

Pennsylvania Poised to Join 47 CPA Jurisdictions with 150-Hour Rules

The 150-hour rule, hotly debated a few years ago, is gaining new attention in Pennsylvania where a bill winding its way through the Legislature would place that state with the other 47 CPA jurisdictions that require candidates to complete 150 hours of undergraduate study to qualify for the CPA license.Advertisement
Tax

Federal Contractors Probed as Tax Gap Widens

A new report released by the Government Accountability Office (GAO) shows that more than 3,800 contractors doing business with the General Services Administration (GSA) have tax debts totaling some $1.4 billion, reports Time.
Tax

A Conversation With...Lou Grumet

In the eight years that Lou Grumet has been executive director of the New York State Society of CPAs (NYSSCPA), he and the nation’s largest CPA society have assumed a high profile in an array of accounting profession issues, sometimes in tandem and sometimes at odds with the American Institute of CPAs (AICPA). This year is no exception.With Grumet as their point person, the 33,000-member NYSSCPA has stepped to the forefront in the nation’s tax reform debate, proposing its own resolution and using its perch in the nation's media capital, New York City, to draw attention to its cause.
Education & Careers

More Accounting Grads Putting Off CPA Certificates

It has been found that although there are more college students studying accounting by the American Institute of Certified Public Accountants (AICPA), there are many accounting graduates that are not pursuing their CPA certificates.

Pages