The American Institute of Certified Public Accountants (AICPA) is the largest professional organization of accountants in the United States of America. It has a dual role, serving both the needs of its members, Certified Public Accountant (CPAs), as well as setting Generally Accepted Auditing Standards (GAAS) and playing a role in defining US GAAP. ==External Roles== The AICPA is the primary organization defining Generally Accepted Auditing Standards, although additional regulations and guidance comes from several sources. Certified Public Accountants are licensed by individual states, so they must follow the laws and regulations of the state they are licensed in. For audits involving federal monies, the Government Accountability Office has issued additional standards commonly referred to as the Yellow Book. In addition, recent legislation commonly referred to as the Sarbanes-Oxley Act has affected auditing standards for public companies. The AICPA was also a primary source for defining Generally Accepted Accounting Principles until the formation of the Financial Accounting Standards Board (FASB) in 1973. At the current time, the role of the AICPA in determining GAAP is to address areas that the FASB has chosen to not address and to fill in the gaps in current Statements of the FASB. In addition, the AICPA was a primary source for defning Generally Accepted Accounting Principles for State and Local Governments through the issuance of an Timeline of Governmental Accounting Standards - US#American Institute of Certified Public Accountants The AICPA is also the author and evaluator of the national test for Certified Public Accountants. The designation of CPA is done by the various states, all of which have different requirements for experience and education. The one requirement that all the states share is that the CPA test is passed. The test has recently been changed from an annual two-day examination to a test that can be taken on a computer in a testing center. The AICPA has moved into the business of providing CPE by convincing state board of accountancy's to pass a rule that all CPA's must have 40 hours of continuing education per year. By pressing for this legislation, the AICPA has increased it's revenue dramatically as well as the income of several of its staff who would be considered "experts" in their field. Should an organization like the AICPA be allowed to enrich itself. What other message does this send to society after the accounting scandals of Anderson and E&Y? ==Membership Roles== The primary roles the AICPA has for its members are to promote and protect the profession of accounting and to provide educational material for its members. It also provides other benefits such as group insurance, as well as discounts for various merchandise. It is a major contributor to the United States Republican Party. ==See also== *IASB *Securities and Exchange Commission *Governmental Accounting Standards Board ==External link== *[http://www.aicpa.org/ AICPA Official Website] Accounting
To expand this article more, go to [http://www.aicpa.org/about/summary.htm] and follow the links. == what's a CPE? == It has the TLA near the end of the article, "CPE", is this a typo, or an actual acronym/abbrev.?
See other meanings of words starting from letter:
Words begining with American_Institute_of_Certified_Public_Accountants:
American_Institute_of_Certified_Public_Accountants
American_Institute_of_Certified_Public_Accountants
American Institute of Certified Public Accountants
The American Institute of Certified Public Accountants (AICPA) is the largest professional organization of accountants in the United States of America. It has a dual role, serving both the needs of its members, Certified Public Accountant (CPAs), as well as setting Generally Accepted Auditing Standards (GAAS) and playing a role in defining US GAAP. ==External Roles== The AICPA is the primary organization defining Generally Accepted Auditing Standards, although additional regulations and guidance comes from several sources. Certified Public Accountants are licensed by individual states, so they must follow the laws and regulations of the state they are licensed in. For audits involving federal monies, the Government Accountability Office has issued additional standards commonly referred to as the Yellow Book. In addition, recent legislation commonly referred to as the Sarbanes-Oxley Act has affected auditing standards for public companies. The AICPA was also a primary source for defining Generally Accepted Accounting Principles until the formation of the Financial Accounting Standards Board (FASB) in 1973. At the current time, the role of the AICPA in determining GAAP is to address areas that the FASB has chosen to not address and to fill in the gaps in current Statements of the FASB. In addition, the AICPA was a primary source for defning Generally Accepted Accounting Principles for State and Local Governments through the issuance of an Timeline of Governmental Accounting Standards - US#American Institute of Certified Public Accountants The AICPA is also the author and evaluator of the national test for Certified Public Accountants. The designation of CPA is done by the various states, all of which have different requirements for experience and education. The one requirement that all the states share is that the CPA test is passed. The test has recently been changed from an annual two-day examination to a test that can be taken on a computer in a testing center. The AICPA has moved into the business of providing CPE by convincing state board of accountancy's to pass a rule that all CPA's must have 40 hours of continuing education per year. By pressing for this legislation, the AICPA has increased it's revenue dramatically as well as the income of several of its staff who would be considered "experts" in their field. Should an organization like the AICPA be allowed to enrich itself. What other message does this send to society after the accounting scandals of Anderson and E&Y? ==Membership Roles== The primary roles the AICPA has for its members are to promote and protect the profession of accounting and to provide educational material for its members. It also provides other benefits such as group insurance, as well as discounts for various merchandise. It is a major contributor to the United States Republican Party. ==See also== *IASB *Securities and Exchange Commission *Governmental Accounting Standards Board ==External link== *[http://www.aicpa.org/ AICPA Official Website] Accounting
American Institute of Certified Public Accountants
To expand this article more, go to [http://www.aicpa.org/about/summary.htm] and follow the links. == what's a CPE? == It has the TLA near the end of the article, "CPE", is this a typo, or an actual acronym/abbrev.?
See other meanings of words starting from letter:
A
AB | AC | AD | AE | AF | AG | AH | AI | AJ | AK | AL | AM | AN | AO | AP | AR | AS | AT | AU | AW | AX | AY | AZ |Words begining with American_Institute_of_Certified_Public_Accountants:
American_Institute_of_Certified_Public_Accountants
American_Institute_of_Certified_Public_Accountants
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