During visits to Capitol Hill in May, members of the governing Council of the American Institute of CPAs (AICPA) encouraged their members of Congress to address the long-term threat posed by the nation’s budget deficit. To help policy makers and the public understand the significance of this issue, the AICPA released What’s at Stake? The CPA Profession on Federal Fiscal Responsibility, an update of the May 2012 video What’s at Stake? A CPA’s Insights into the Federal Government’s Finances.
In this video, Gregory Anton, CPA, CGMA, former AICPA Chairman of the Board of Directors and the founder of the Institute’s “What’s at Stake” initiative, explains why the federal financial statements provide a different perspective compared to the annual budget. He also reviews the 2012 Financial Report of the U.S. Government and offers guidance for policy makers and the public on how the U.S. government’s financial statements can be used for greater understanding of the nation’s fiscal health.
The CPA profession can play an important role in promoting the importance of fiscal responsibility. The video includes interviews with the co-chairs of the Congressional CPA and Accountants Caucus, Representatives Brad Sherman (D-CA) and Mike Conaway (R-TX), who discuss the value of the CPA in shaping this fiscal policy discussion and creating change. To get started, watch the video now and share it with clients, colleagues and your community. Resources to support CPAs in these outreach efforts can be found on aicpa.org/whatsatstake.