FOR IMMEDIATE RELEASE
Contact:Robert Goldfarb or
NCCPAP DENOUNCES "COGNITOR/XYZ"
The Board of Directors of the National Conference of CPA Practitioners (NCCPAP) voted overwhelmingly to reject the AICPA's concept of "Cognitor/XYZ".
After months of discussion and analyzing the "cognitor/XYZ" proposal at committee meetings culminating with a presentation by John Hunnicut, the AICPA's senior vice president of public affairs, to NCCPAP's Board regarding the AICPA's position on the subject, the NCCPAP Board decided that "cognitor/XYZ" was not in the best interest of the practicing CPAs or the public.
Mr. Hunnicut conceded that there were many loose ends that are yet to be discussed and worked out by the promoters of "cognitor/XYZ". It was most important, he indicated, that the AICPA "get it out first", before any other organizations get into the act. He implied that being "first" would probably be a one-shot advantage. He expressed the thought that the AICPA council might reject the entire concept at its May meeting (which no one at the NCCPAP meeting believed). It was acknowledged that NCCPAP was very instrumental in persuading the AICPA leadership to delay the meeting and not consider a vote by the membership until after tax season. The "cognitor/XYZ" promoters are still busy trying to tweak the concept to make it more palatable to the AICPA membership.
The goal of the AICPA is to "define (and control) a new profession" of 780,000 new competitors. Only the AICPA could create "cognitor/XYZs". There would be no state regulating bodies to oversee the organization or its members. While the AICPA would deny the fact, it would substantially reduce the value of the CPA certificate. (This in keeping with the AICPA concept dating back to 1986 that "it is more important to be a member of the AICPA, than merely to hold a CPA certificate".)
The "new profession's" promise is that credential holders will have the skill and experience to convert information to knowledge (and sell product). Many people believe that the only thing CPAs do is audit past history. NCCPAP suggests that they are out of touch with today's practice. The practicing CPA has traditionally provided a broad range of disciplines. They must, in order to help their clients grow.
It has been suggested that the "cognitor/XYZ" is an outgrowth of the current vision project. Most practicing CPAs believe that the vision results were structured so that any project could be attributed to it. It merely restated and repackaged many of the qualities that CPAs have been practicing in the modern era. "The clear vision from the visioning experienceâ¦provides that CPAs are the trusted professionals who enable people and organizations to shape their futureâ¦". NCCPAP claims that CPAs have been doing this forever and will continue to do so.
The majority of practicing CPAs in small practice units are well trained and very knowledgeable with the transformation that has and will continue to take place in the new age of IT. They are entrepreneurs who know that if they do not move forward they will soon be out of business. Most of them will not benefit from the cognitor/XYZ concept.
There are about 45,000 practicing CPA firms of under 10 people. These are the forgotten members of the AICPA. NCCPAP is the sole national organization representing ONLY practicing CPAs. Its only interest is to protect, preserve and foster the practicing CPA and the public.