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 credential," said Nancy Newman-Limata, NYSSCPA President.

"They want their national professional organization to support the CPA credential, not empower their competitors. However, we support strongly bringing the issue to the membership for a final resolution. We are urging CPAs to save the CPA designation and vote no as the AICPA vote goes to its full membership."

NYSSCPA surveyed its membership earlier in the year and later hosted AICPA educational meetings on the global credential in each of its 17 chapters. "Our CPA members have continuously said the global credential is
unnecessary because CPAs are already providing numerous nontraditional services, especially strategic planning services, to the public and have already gained market permission to offer these services. The CPA designation has already proven to be stretchable," Newman-Limata said.

CPA societies in Illinois, Massachusetts, Vermont, Nebraska, Connecticut,New Jersey, North Carolina, Greater Washington have also formally opposed the credential as well as PricewaterhouseCoopers and BDO Seidman.

Tags 

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
ADVERTISEMENT

This Week on AccountingWEB

Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
WestArk RSVP and Fayette County Community Action Agency – organizations that received grant funding through the IRS Tax Counseling for the Elderly (TCE) program – spoke with AccountingWEB about how they assist senior citizens in their communities.
CPA Robert Raiola, who heads the Sports & Entertainment Group of Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC, talks NFL player income taxes with AccountingWEB.
Retiring KPMG Centennial Professor of Accounting at the University of Texas at Austin McCombs School of Business Robert May, PhD talks with AccountingWEB about his rewarding forty-three-year career.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT