New York CPAs Have Message for AICPA
The New York State Society of Certified Public Accountants (NYSSCPA) has passed a resolution encouraging its members who belong to the council of the American Institute of CPAs (AICPA) to oppose any attempt on the part of the AICPA to delay or rescind plans for a membership-wide vote on the proposed global credential, currently referred to as the XYZ credential.
In addition, the NYSSCPA is calling for the AICPA to arrange for an independent firm to tally the votes on the XYZ credential.
Finally, the NYSSCPA is asking the AICPA to allow a state society that has formally opposed the XYZ credential to include a statement of its reasons for opposition on the voting ballot.
State societies that have voiced opposition to the proposed global credential include New York, Illinois, Massachusetts, Vermont, Nebraska, Connecticut, New Jersey, North Carolina and Greater Washington.