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AICPA

Technology

New Agreement Opens Doors to CPA.CITP Certification for CPA/CISA Practitioners

The American Institute of Certified Public Accountants (AICPA) and the Information Systems Audit and Control Association (ISACA) announced a new agreement between the organizations on Thursday.
Community News

Students Find Real Solutions for Local and Game Businesses

In response to immediate problems experienced by local businesses in the Bloomington, Indiana area, a program established by Indiana University is finding solutions. Each fall semester, graduates students in their Kelley School of Business complete field consulting projects while being mentored by faculty advisors. More than 20 teams of four or five graduate students from the MBA in Accounting (MBA/A) and the Master of Professional Accountancy (MPA) programs partner with local businesses to complete these field consulting projects.
Community News

Mark Your Calendar: Big-time Practice Management Conference Open to All Firms

One of the accounting profession’s biggest annual events dedicated to tips and trends in the successful management of firms—the Advisory Board’s “Winning Is Everything” conference – is scheduled for January 11-12 at Las Vegas’s newest casino, Wynn Las Vegas.
Community News

AICPA Supports Bill on Non-Resident Retirement Income

The American Institute of CPAs has supported a House bill that would ensure that certain deferred compensation plans would not be eligible for non-resident state income tax.The AICPA said that it opposes the position that states can tax the nonqualified retirement benefits paid by a partnership to its retired non-resident partners.States are prohibited from taxing the retirement income of non-residents under Public Law 104-95, passed in 1996.
Community News

Regulators Call for More Transparency, Less Complexity

The Securities and Exchange Commission (SEC) is seeking help from the accounting industry to simplify the rules that may be partly to blame for the corporate scandals of recent years, the SEC chairman said Monday.The SEC, working with the Public Company Accounting Oversight Board (PCAOB) and the Financial Accounting Standards Board (FASB), is undergoing a “major national effort to make accounting less complex,” said SEC Chairman Christopher Cox, at the American Institute of Certified Public Accountants' (AICPA) annual meeting in Washington, D.C.
A&A

AICPA National Conference on Current SEC & PCAOB Developments

The American Institute of Certified Public Accountants (AICPA) is holding its 33rd annual National Conference on Current Securities and Exchange (SEC) and Public Company Accounting Oversight Board (PCAOB) Developments this week. The conference is being held at the Marriott Wardman Park located at 2660 Woodley Road, NW, Washington, DC. The conference will conclude Wednesday, December 7, 2005. The AICPA’s new Chair, Leslie Murphy, opened the conference. Murphy said, “Reliable and transparent financial reporting is fundamental to the well-being of our capital markets.
A&A

AICPA Receives IRS Citation of Excellence

Kevin Brown, Commissioner of the Small Business/Self Employed Operating Division of the Internal Revenue Service (IRS) presented a citation for excellence to the American Institute of Certified Public Accountants (AICPA) at the annual National CPA/IRS Tax Issues Meeting in Washington, D.C. earlier this month. The citation was presented for “outstanding team effort in delivering products, services and education to the Small Business/Self Employed Operating customer,” for the AICPA’s work assisting small business taxpayers in conjunction with the IRS.
Tax

Federal Tax Reform Panel Makes Recommendations

The President’s Advisory Panel on Federal Tax Reform presented its recommendations this week. Convened to find simpler and economically effective ways to streamline the nation’s current tax code, the nine members have completed their task well but the controversy has only started. The panel was co-chaired by former senators Connie Mack (R-Florida) and John Breaux (D-Louisiana). In a letter to Treasury Secretary John Snow, the panel wrote, “The effort to reform the tax code is noble in its purpose, but it requires political will power.
Practice

White Paper Overview: CPA Firms Lack Formal Staffing Programs

Few certified public accounting (CPA) firms have formal, documented programs for attracting and retaining qualified staff members a recent survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). Survey results appear in the white paper Best Practices in Recruiting and Retaining Talented Staff. “Unfortunately, many firms believe that they lack the resources to implement a formal program.
Community News

AICPA to Relocate 400 Jobs to North Carolina

The American Institute of Certified Public Accountants (AICPA) Governing Council on Monday approved a proposal that would move approximately 400 jobs functions to Durham, North Carolina beginning in August 2006. The New York and Washington D.C. offices will only be minimally affected by the move. Every effort is being made to mitigate any disruption of service to AICPA during the transition.“We recognize that change is not easy, and we will do everything possible for our members and for our staff to ensure a smooth transition,” Barry C.
Community News

Mark Your Calendar: Celebrating More Than 25 Years of Women in Accounting

Join the Massachusetts Society of Certified Public Accountants (MSCPA) in celebrating more than 25 years of women in accounting at a very special event on Wednesday, November 2, 2005.
Community News

AICPA Considers Relocating Select Operations

Rising real estate and labor costs in the New York metropolitan area along with excess space in the Jersey City location have prompted a proposal to relocate select operations of the American Institute of Certified Public Accountants (AICPA) to the Southern Atlantic region. The Governing Council is scheduled to vote on the proposal next Tuesday.“The relocation would position us for the next century of service to CPAs of this country,” said Barry C. Melancon, AICPA President and CEO. “But ultimately, this decision is in the hands of Council.
A&A

New Tools Solve Complicated Requirements for Funds & Individual Investors

GainsKeeper®, part of Wolters Kluwer Corporate & Financial Services division, addes new tax reporting tools to its three industry-leading tax lot accounting suites – GKAdvisor™ used by funds, GKBrokerage™ for shareholders, and FundTax™ used by individual investors – in September.“Our tax lot accounting suites offer an automated solution designed to calculate key fund and investor figures, allowing both professionals and individual investors to spend significantly less time compiling and attempting to make calculations based on tax- relevant date,” Sanjeev Doss, GainsKeeper di
Practice Management

Mark Your Calendar: First Women’s Summit

“Helping Women Professionals Succeed” is the theme of the first Women’s Summit hosted by the Work/Life & Women’s Initiatives Executive Committee of the American Institute of Certified Public Accountants (AICPA) scheduled for Tuesday, October 11, at the Hyatt Rosemont in Chicago, Illinois.“Women currently make up more than 50 percent of all accounting graduates in the country,” said Summit Chair Leslie Murphy of Plante & Moran and Chair-elect of the AICPA.
Community News

Journal of Accountancy Marks 100 Years

The Journal of Accountancy is celebrating its centennial. The official publication of the American Institute of Certified Public Accountants’ (AICPA’s) continuous publication for 100 years is being recognized with an official proclamation congratulating the Journal on the accomplishment.“The history of the Journal of Accountancy is really the history of the nation’s accounting profession,” Barry Melancon, AICPA President and CEO said in a prepared statement.
Tax

Mark Your Calendar: Facing a Financial Crisis Teleconference

The Department of Labor Women’s Bureau is holding the sixteenth Wi$e Up Teleconference Call on Friday, September 30 from Noon to 1:30 p.m Eastern. The topic is Facing a Financial Crisis and among the issues discussed will be planning for and recovering from disaster.
A&A

Doing Business Away from Home: Expediting Reciprocity

Last week, National Association of State Boards of Accountancy (NASBA) President David Costello and American Institute of Certified Public Accountants (AICPA) President and CEO Barry Melancon, sent a letter to the State Boards of Accountancy requesting assistance in speeding and easing the process by which displaced accounting professionals can begin practicing in other states.Advertisemen
Technology

AICPA Offers Members Professional and Commercial Benefits

Membership in professional associations, both national and a state organizations, brings a host of benefits to the CPA, according to CareerBank.com. The American Institute of Certified Public Accountants (AICPA or the Institute), the premier accounting professional association in the US, with links to state societies, counts 345,000 CPAs as members.
Technology

CCH Disaster Recovery Program Helps Rebuild Resources

As businesses as professionals affected by Hurricane Katrina begin putting the pieces back together, many will find the references and resources they use in conducting business activities have been damaged, destroyed or are otherwise unavailable.
Community News

AICPA's Financial Reporting Assailed from Within

The 118 year old American Institute of Certified Public Accountants (AICPA, the Institute), the profession’s trade organization and one of its standard setting boards, while adjusting to changes in its role and focus resulting from the accounting scandals, is facing charges from some of its own members that its financial reporting does not clearly describe the AICPA’s financial activities.

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