AICPA

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.
Tax

AICPA Comments on IRS Changes in Cancellation of Debt Reporting

The American Institute of CPAs (AICPA) said it supports the IRS' proposed guidance governing the reporting of the cancellation of debt by lenders, but asks for some changes.
Tax

Should You Spend or Save Your Tax Refund?

According to the AICPA's annual survey to determine Americans' top financial concerns and assess their financial well-being, taxpayers say they're likely to use their tax refund conservatively – to build up savings, pay for day-to-day household expenses, or put toward debt.
Education & Careers

Feed the Pig for Tweens Teaches Children Money Management Skills

With so many vital lessons to instill in their preteen children in just a few short years, it's no surprise many parents often overlook teaching their children one of the most basic and practical skills – how to handle their money.
Education & Careers

Students Score Prime-Time Win in AICPA Competition

Move over "CSI." A team of high school students from Batavia, Illinois, recently came up with a new idea for a prime-time TV drama based on forensic investigation that earned them first place in the American Institute of CPA's Project Innovation: Start Here, Go Places. Competition of Creative Excellence.
A&A

Updated AICPA Not-for-Profit Audit Guide Available in Three Formats

The American Institute of CPAs (AICPA) announced the release of its updated Audit and Accounting Guide: Not-for-Profit Entities. It's available in three formats: e-book, online, and in paperback.
Education & Careers

AICPA and CPA Societies Expand Minority Student Workshop

This year, minority accounting students who aspire to become CPAs will have three opportunities to explore the possibilities the career can offer when the AICPA holds its Accounting Scholars Leadership Workshop in three regional locations throughout the country.
Practice

AICPA Survey: CPAs More Upbeat on Economic Outlook, but Still Cautious

The first quarter American Institute of CPAs (AICPA) Business and Industry Economic Outlook Survey is out, and it looks like respondents are increasingly optimistic about the US economy and their own businesses' prospects compared to the fourth quarter of 2012.
Technology

CSA Endorses AICPA Reporting Framework for Evaluating Controls over Cloud Providers

The AICPA framework for evaluating technology-related controls and other safeguards used by Cloud service providers has been endorsed by CSA, a not-for-profit organization that promotes best practices on security assurance within Cloud computing.
Tax

AICPA Asks IRS for Tax Leniency

It's not quite as dramatic as the attorney for a death row prisoner requesting a reprieve from the governor, but the American Institute of CPAs (AICPA) has sent a letter to the IRS asking for relief in the 2012 tax filing season.
Tax

State of the Union: Table Is Set for Tax Reform

President Obama delivered a sweeping State of the Union address on a broad array of topics, ranging from the economy to immigration reform to gun control.
Education & Careers

2013-2014 AICPA Scholarship Applications Now Available

The American Institute of CPAs (AICPA) recently announced its scholarship applications for the 2013-2014 academic year are now open.
A&A

NASBA Opposes AICPA's Proposed FRF for SMEs

The long-running debate over who's responsible for developing a framework for standards for financial reporting by privately held, small and midsized US businesses is far from over.

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