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AICPA

AICPA Gives Out Member Addresses

Citing concerns of fairness and a spirit of cooperation, the AICPA has made addresses of its membership available to opposition voices regarding the ongoing vote on the organization's proposed global credential.

AICPA Issues Amendments to Independence Rules

The auditor independence quality controls sought and established last year by the Securities and Exchange Commission have resulted in an amendment to the auditor independence rules by the SEC Practice Section (SECPS) of the American Institute of Certified Public Accountants.This amendment is effective January 1, 2002. The SECPS has updated its "Independence" training course to take into account the SEC's new rules.

CPA2Biz and Phone Sex - Membership Perk?

CPAs know numbers. They know how critical numbers can be to the perception of a client's well-being.

Global Credential - additional comments

There have been hundreds of comments posted on AccountingWEB regarding the proposed Global Business Credential. Please click on any of the links below to see more. Because of the number of comments, the load time of these pages may be as long as a minute - thank you for your patience.View Comments Added From June - August, 2001

Women's CPA Group Will Not Support Global Credential

The National Board of the American Woman's Society of Certified Public Accountants (AWSCPA) was asked to comment on the upcoming vote by members of the AICPA on whether to adopt the International Institute of Strategic Business Professionals (IISBP) as a global credential.The weekend of November 2-4 the National Board met and discussed this particular issue at length. All sides of the issue were explored with particular attention given as to how this credential would affect woman CPAs.

DC and Florida CPA Societies Take Stand Against IISBP

The governing council of the American Institute of Certified Public Accountants has agreed to let its members vote on the controversial proposed global business credential, Strategic Business Professional (IISBP). Members are being asked to vote on whether or not the AICPA can amend its bylaws to read that the organization has the right to create a new organization on behalf of IISBPs.

AICPA to Host IISBP Teleconferences

The American Institute of Certified Public Accountants has announced plans to host two live teleconferences during which participants will be able to listen to an explanation of the new proposed global business credential, Strategic Business Professional (IISBP).

More States Weigh in on Proposed Global Credential

Two more states have been heard from regarding their position on the AICPA's proposed global business credential, formerly referred to as "XYZ" and recently named Strategic Business Professional (IISBP).

It's Time to Vote: Download XYZ Ballot from Internet

Members of the AICPA are encouraged to cast their votes on the controversial global business credential that, if enacted, will be referred to as Strategic Business Professional (IISBP). Ballots were mailed last week, along with an accompanying letter.The AICPA letter explains that members of the AICPA council recently voted to support a change in the AICPA Bylaws which would grant authority to the CPA organization to create a new organization on behalf of IISBPs.

California CPA Society Recommends Voting 'NO' on XYZ

The California CPA Society (CALCPA) Council met last week and, among other topics, discussed its support or lack thereof for the AICPA's proposed global business credential, referred to until recently as "XYZ" and now called IISBP or Strategic Business Professional.Presentations for and against the proposed credential were given by Barry Melancon, AICPA President and CEO, and Kendall Wheeler, CALCPA board/council member, respectively.Council members then voted 13% in favor of the credential, 3% neutral, and 84% opposed.

NC CPA Association President Says: 'Vote NO on XYZ'

William H. Watson, Jr. the President of the North Carolina Association of CPAs, has sent a heartfelt letter to all members of the association emphatically asking them to vote "NO" on the issue of the AICPA's proposed global business credential, recently named Strategic Business Professional (IISBP).The letter points to what Mr. Watson feels is misleading information accompanying the AICPA ballot, due to be received this week by all of the AICPA membership.
Community News

FASB Chairman Ed Jenkins to Retire in June

Edmund L. Jenkins, Chairman of the Financial Accounting Standards Board (FASB), has announced his intention to reetire at the end of his term on June 20, 2002.Mr. Jenkins has been a tireless advocate for the profession through several positions, culminating in 1997 with his election to his current post as Chairman of the FASB. His 38 year career at Arthur Andersen was highlighted in 1991-1994 when he served as Chairman of the AICPA's Special Committee on Financial Reporting that became known as the "Jenkins Committee." Mr.

New York CPAs Vote Against XYZ At AICPA Council Meeting

CPAs representing the New York State Society of Certified Public Accountants (NYSSCPA) voted against a resolution supporting the controversial global credential at the Fall Meeting of the American Institute of Certified Public Accountants (AICPA) Council here.A rare written ballot was approved 157 to 62 by those Council members voting of 265 total Council members, giving the green light to a general membership vote at the end of October that will decide the fate of the controversial designation."NY CPAs voted against the resolution loudly and clearly because our members oppose this crede

AICPA Council Votes to Support Global Credential

The governing Council of the American Institute of Certified Public Accountants (AICPA) overwhelmingly supported, by a vote of 157 to 62 (71.7 percent), the development of the proposed new global credential at its fall meeting this week.The member referendum, which will be mailed October 29, 2001, asks members to vote on a change to the AICPA bylaws that would explicitly recognize the Institute's authority to create a new, self-funded organization to grant an interdisciplinary global credential in the United States, on behalf of the International Institute of Strategic Business Professional

AICPA Elects New Chairman

James G. Castellano has officially begun his term as Chairman of the Board of Directors of the American Institute of Certified Public Accountants (AICPA), replacing Kathy G. Eddy. The AICPA has approximately 340,000 members comprising CPAs in business and industry, public practice, government, and education.Mr. Castellano assumed the one-year AICPA leadership post at the Institute's Fall Council meeting this week in Miami. In his inaugural remarks, Mr.

CPA2Biz May Ease Restrictions on State Associations

The original plan for state CPA association partnership with the AICPA's for-profit Web site, CPA2Biz, called for a 10-year commitment with an automatic 10-year renewal and a hefty fine for leaving the fold. In addition, participating states would transfer ownership of certain affinity programs to CPA2Biz.

NJ CPAs Reaffirm Opposition to "XYZ" Credential

The New Jersey Society of Certified Public Accountants (NJSCPA) Board of Trustees has, with an overwhelming majority, voted to reaffirm its opposition to development of a global business designation, as proposed by the American Institute of CPAs.

Accountants Provide Humorous Alternatives for 'XYZ'

The AICPA has spoken, and the official new name for the proposed global business credential is Strategic Business Professional, which will be shortened to IISBP.

Texas CPAs Don't Support Global Credential

The proposed global business credential has little support among Texas certified public accountants according to the results of a new survey conducted by the Texas Society of Certified Public Accountants (TSCPA).Proposed by the American Institute of CPAs (AICPA), the national organization representing CPAs, this designation would recognize business professionals for their mastery of global business knowledge.In a statistically valid survey of TSCPA members, more than 46 percent said they don't support the proposed global business credential.

Grant Thornton Backs CPA2Biz in Lawsuit

Earlier this week, BDO Seidman filed a lawsuit against the American Institute of Certified Public Accountants, CPA2Biz, and Shared Services LLP, alleging unfair business practices and restraint of trade. The lawsuit, which lists 93 separate complaints, seeks, among other things, to enjoin the defendants from continuing the operation of the AICPA's for-profit Web portal, CPA2Biz. Chicago-based accounting firm and CPA2Biz auditor Grant Thornton has joined the dispute by siding with the AICPA in this matter.

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