Paychex, Inc., ranked as one of the nation's largest 401(k) recordkeepers according to PLANSPONSOR magazine's 2011 Recordkeeping survey, has announced the launch of Paychex Advisor Select 401(k) Plan, a new offering that is specifically designed for fee-based financial and investment advisors.
A recent survey conducted by the American Institute of Certified Public Accountants (AICPA) and the Ad Council indicates that today's difficult economic times have dramatically altered the way people between the ages of twenty-five and thirty-four think about the importance of savings.
CPAs now have an opportunity to volunteer and provide up to five hours of free financial advice to veterans about how to start or grow their business. The program was launched through the AICPA's participation the Veteran Fast Launch Initiative sponsored by the Service Corps of Retired Executives (SCORE).
The American Institute of Certified Public Accountants (AICPA) has partnered with Telligent to create a social networking site - This Way to CPA - for college students aspiring to become accountants. This Way to CPA is designed to increase awareness of AICPA and to drive its recruitment efforts.
In a joint venture, the AICPA and the CIMA have launched a new global accounting designation – Chartered Global Management Accountant (CGMA) – that recognizes the unique skills of professional management accountants working in business.
When the AICPA decided to enhance its Start Here, Go Places website – a platform for high school and community college students interested in exploring a career in accounting – they didn't hire an outside web consulting firm or float the idea in a marketing team meeting. They took it right to the source.
On January 17, the AICPA recognized Karen Goodfriend's long history of service when it named her the recipient of its 2011 Personal Financial Planning Distinguished Service Award. The award is given annually to an AICPA volunteer who significantly contributes to the advancement of personal financial planning.
In advance of a formal decision by the FAF on a differential framework for making exceptions and modifications to GAAP for private companies, the FASB has taken steps to identify and make decisions/tentative decisions regarding current accounting standards.
The IMA, which has offered the CMA credential since 1972, is facing "fierce competition" from a new management accounting designation – Chartered Global Management Accountant (CGMA) – that the AICPA and CIMA will launch in January 2012, according to Jeffrey Thomson, IMA President and CEO.
On December 17, the AICPA named seventeen students from North Carolina State University winners of the AICPA National Accounting Competition. The case competition focused on a fictional Texas company looking to expand its business into the Nigerian oil fields. The team received a $10,000 award.
AICPA Business and Industry Economic Outlook Survey measured nine components
All nine components showed modest improvement in the fourth quarter
Survey revealed increased optimism that the US economy will improve in 2012
AICPA Webcast, "Looking Ahead to 2012: Progress of Paralysis?" covering the survey to be made available
James Kroeker, the SEC chief accountant, said last week that the SEC staff will need "at least a few more months" to complete its work on a report to the commission that will show the impact of adopting IFRS on US companies and capital markets. The SEC will study the staff report before making a decision.
Final recommendations for revisions to the Statement on Standards for CPE Programs – the framework for the development, presentation, measurement, and reporting of CPE programs – will be presented to the NASBA and AICPA joint CPE Standards Committee in January 2012.
Michael Savoy, CPA and the managing director of Santa Monica–based Gumbiner Savett Inc., has been elected the California Board of Accountancy's secretary/treasurer for 2012. In this position, he will help drive the organization forward and keep its finances in sound shape. Savoy has been a CPA for thirty-seven years.
The AICPA Scholarship for Minority Accounting Students program began in 1969, with the aim of increasing ethnic diversity in the CPA profession. Since the program's inception, the AICPA Foundation has awarded more than $14.6 million in scholarships to approximately 8,000 accounting students.
The AICPA's governing council approved a resolution that sends a strong message to the Financial Accounting Foundation (FAF) recommending move to adopt the Blue Ribbon Panel on Standard Setting for Private Companies' recommendations for a separate board.
CPA2Biz, the technology subsidiary of the American Institute of Certified Public Accountants (AICPA), will offer a CPA-branded email service for members on CPA2Biz’s new umbrella brand, CPA.com in coming weeks.
Patricia A. Thompson, chair of the AICPA Tax Executive Committee, is urging the IRS to make changes to the user fee regulations it has proposed for tax return preparers as part of its preparer oversight program.
The American Institute of Certified Public Accountants (AICPA) is pleased to announce that Sidney Kess, CPA, JD, LLM, and S. Scott Voynich, CPA, are the recipients of the AICPA 2011 Gold Medal Award for Distinguished Service.