AICPA | AccountingWEB



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.

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.

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.

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.

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.
Education & Careers

Scholars Receive American Accounting Association Award

This January, the American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) announced the recipients of the American Accounting Association's (AAA) Greatest Potential Impact on Management Accounting Practice Award for 2012.

AICPA Releases New Financial Instruments Auditing Guide

The AICPA recently released an updated guide that aids auditors in assessing the fair value of financial instruments. The publication is based on new standards resulting from the AICPA's Clarity Project.

AICPA Asks Congress to Amend Hurricane Sandy Tax Relief Act

The American Institute of CPAs (AICPA) is asking Congress to amend its Hurricane Sandy tax relief legislation by extending the replacement period for which taxpayers can claim a property loss.

AICPA Offers Heads Up on New Medicare Taxes

The American Institute of CPAs (AICPA) hosted a conference call January 17 to discuss compliance and planning issues surrounding the new 3.8 percent Medicare surtax that kicks in this year.

AICPA Amends Guidance on Component Auditors

The AICPA has released SAS No. 127, Omnibus Statement on Auditing Standards–2013, which amends two sections of SAS No. 122, Statements on Auditing Standards: Clarification and Recodification.
Education & Careers

CPA Exam 2013 Q1/Q2 Score Release Timetables

CPA Exam score release timetables have been such a hot topic among candidates that we [AICPA] have decided to post regular updates. Updated score release timelines will be announced twice annually on AICPA Insights® and on the CPA Exam website.
Education & Careers

AICPA Names Winners of 2012 Student Competition

Four accounting students from the University of Texas at Dallas joined forces to craft an innovative proposal on tax reform that earned them first place in the 2012 AICPA Accounting Competition.

Not a Good Year for IFRS Adoption in the US

It is no longer clear that the US Securities and Exchange Commission (SEC) will recommend the adoption of International Financial Reporting Standards (IFRS) by US public companies.

Scam Uses the AICPA to Target CPAs and Others

It seems nobody is safe from the phishers. The AICPA works hard to keep readers aware of fraudulent e-mails from other sources. They themselves were recently used again in an attempt to hook new victims.

Economic Optimism among CPAs Continues to Decline

CPA decision makers, primarily CEOs, CFOs, and controllers, are becoming more pessimistic about the future of the US economy, according to the latest AICPA Business and Industry Economic Outlook Survey.
Education & Careers

Conference Goers Headed to the Cloud

The three-day Digital CPA: 2012 CPA2Biz Cloud User Conference gathered nearly 400 accounting professionals to discuss the changing landscape ushered in by exciting new technologies.

CAQ Statement on PCAOB Report, ICFR Inspection Findings

The CAQ has issued a statement from Executive Director Cindy Fornelli regarding the release of the PCAOB's report on inspection findings related to audits of internal control over financial reporting.

Private Companies Finally (May) Have Their Own Standards

As they grow their private companies, one of the last things - if not the last thing - owners want to spend time and money on is complicated financial reporting requirements.

AICPA Committed to Constructive Dialogue with Regulators

One only has to look at the many complex issues on the agendas of the SEC and PCAOB to get an idea of the challenges CPAs face, AICPA Chairman Caturano said at the AICPA Conference on Current SEC and PCAOB Development.


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