AICPA

A&A

AICPA Releases Decision Tool on Accounting Frameworks

The AICPA released a decision tool to help privately held businesses determine which accounting framework, including the "Financial Reporting Framework for Small- and Medium-Sized Entities" (FRF for SMEs), best meets their financial reporting needs.
A&A

AICPA Opposes Proposed Limitation on Use of Cash Method of Accounting

On August 15, the AICPA expressed its opposition to a proposed limitation on the use of the cash method of accounting for non-natural taxpayers, personal service corporations, and farmers that is contained in House Ways and Means Committee Chairman Dave Camp's small business tax reform discussion draft.
Education & Careers

AICPA Presents Outstanding CPA Career Contribution Award and Outstanding CPA in Government Impact Award

The American Institute of CPAs (AICPA) announced that Marcia Buchanan, CPA, of Washington, DC, is the institute's recipient of the Outstanding CPA in Government Career Contribution Award.
Education & Careers

AICPA Selects 'Rising Stars' for 2013 Leadership Academy Class

Some of the most promising young minds in the CPA profession will have the chance to learn about their own personal leadership style and critical issues facing their field when they participate in the AICPA 2013 Leadership Academy Class.
Education & Careers

Assistant Professor at USC Awarded AICPA-CIMA Best Early Career Researcher Award

David Erkens, an assistant professor of accounting at the Marshall School of Business at the University of Southern California, was awarded the 2013 Best Early Career Researcher Award.
Education & Careers

New AICPA Online Community Dedicated to Young CPAs

As a way of giving young members an opportunity to connect with their peers beyond the traditional social networking platforms, the AICPA on August 1 launched an online community for young CPAs – the Young CPA Network.
A&A

AICPA Against Adding ESOP Appraisers to Fiduciary Definition

The AICPA gave its support to Senate Bill 273 and House Bill 2041 that would block a 2010 proposal by the Department of Labor to change its definition of fiduciary under the Employee Retirement Income Security Act to include appraisers of ESOPs.
A&A

NASBA and AICPA Reconcile Differences on FRF for SMEs

The NASBA and the AICPA have put aside their differences regarding the non-US GAAP financial reporting framework the AICPA introduced last month, and they have teamed on a decision-making tool that will help small businesses decide whether the framework is right for them.
Technology

AICPA and XBRL US Offer Online XBRL Certificate Program

In an effort to address the increased demand for comprehensive and intensive training on XBRL, the AICPA and XBRL US Inc., the not-for-profit consortium for business reporting standards, launched the XBRL US GAAP Certificate Program.
Education & Careers

Alaska CPAs Promote Financial Literacy at Summer Bear Paw Festival

On July 12 through July 14, volunteers from the Alaska Society of CPAs (AKCPA) will turn out to promote financial literacy at the 2013 Bear Paw Festival – Roundup at the Bear Paw Corral, in Eagle River, Alaska.
A&A

Will He Stay or Will He Go: Finance Leaders Focused on Bernanke's Future at Fed

In boardrooms across the country, finance executives share a common question: Will he stay or will he go? All eyes are on Ben Bernanke amid speculation that he will cede the top spot at the Federal Reserve.
A&A

NASBA Advises Private Companies Not to Use AICPA Framework

Stating that it would "significantly weaken the financial reporting of private companies," NASBA is recommending to privately held businesses that they not use the FRF for SMEs that was introduced by the AICPA June 10.
Practice

AICPA Survey: Growth and Firm Development Key Priorities for CPA Firms

With economic conditions improving, CPAs are taking a longer-term, more strategic view of goals to ensure their firms thrive, according to the American Institute of CPAs' 2013 CPA Firm Top Issues Survey.
A&A

AICPA Unveils New Non-GAAP Framework for Financial Reporting

The AICPA's FRF for SMEs provides a new accounting option for preparing streamlined, relevant financial statements for privately held, owner-managed businesses that are not required to use US GAAP.
Education & Careers

AICPA Announces Distinguished Achievement in Accounting Education Award Winners

Accounting school graduates aren't the only ones receiving accolades this spring. On May 20, the AICPA named Janet L. Colbert and Donald E. Tidrick recipients of the 2013 Distinguished Achievement in Accounting Education Award.
Technology

AICPA/CPA Canada Survey: Managing Data Tops List of 2013 Tech Initiatives

According to the 2013 North American Top Technology Initiatives Survey conducted by AICPA and CPA Canada, managing and retaining data topped the list of ten technology initiatives for accounting firms in the United States and Canada.
A&A

AICPA Survey Finds Money Worries Taking Toll on Americans' Waistlines, Well-being

Feeling a little paunchy around the middle or particularly irritable when you pull into work in the morning? Don't blame it all on processed sugar or your two-hour commute. A recent AICPA survey found money worries are making many Americans impatient, unhealthy, and sleep deprived.
A&A

A More User-Friendly Ethics Code On Tap for AICPA

With the goal of making it more user-friendly and intuitive for members, the AICPA has completed a proposed revision of its Code of Professional Conduct. AICPA members have until August 15 to submit comments on the proposal.
Practice

CPA Objectivity Important When Valuing a Business

It has long been established that the CPA must meet certain standards of independence, objectivity and integrity when performing attest services. Similarly, certain standards are called into play when a CPA performs a business valuation.
Education & Careers

AICPA Honors Top 2012 CPA Exam Performers

To be named "top of the class" is always an honor. But when you're named one of the top 39 candidates in a pool of 92,000 contenders, that honor is especially impressive. That's exactly what happened for 39 CPA Exam candidates when the AICPA announced the 2012 Elijah Watt Sells Award winners.

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