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On behalf of its members, the AICPA monitors and advocates on legislative and other matters that affect the accounting profession. Working with state CPA societies and other professional organizations, the AICPA provides information to and educates federal, state and local policymakers regarding key issues.
Federal Issues
The Congressional & Political Affairs team represents the profession’s interests while protecting the public interest.
State Regulation and Legislation
The State Regulation and Legislation team supports sound state-level policymaking that promotes the profession while protecting the public interest.
Tax
The Tax team follows the actions of Congressional tax-writing committees and the IRS on behalf of the profession.

Spotlight

JOBS Act - SoX section 404(b) delay
The JOBS Act was signed into law by President Obama on April 5. It provides a temporary “on ramp” for companies who have recently had IPOs by allowing them to defer the SoX section 404(b) internal control audit for up to 5 years.
AICPA Cheers Repeal of 3 Percent Withholding Requirement
The AICPA cheered passage of a bill by Congress that President Obama signed Nov. 21 repealing the law that would have generally required federal, state and local governments to withhold 3 percent on payments made to government contractors.
Congress Looks to XBRL Reporting Requirements to Track Federal Spending
Congress is beginning to view XBRL as a way to track federal spending and to improve transparency.
CPA Mobility Tool Wins Accounting Today Award
Accounting Today has awarded CPAMobility.org the 2012 Top New Products Award for Practice Management. Created by the AICPA and the National Association of State Boards of Accountancy (NASBA), CPAMobility.org is a free online tool that helps CPAs and accounting firms across the country understand the implications of CPA Mobility.

Erica John Fund, Inc. vs. Halliburton Co.
The AICPA has a keen interest in assuring that its members and their firms are able to raise, and have considered before the class certification decision is made, challenges to the underlying assumptions required for class treatment of a Rule 10b-5 case.

AICPA TV 

National Uniform Mobility Provision

Since 2007, 48 states and the District of Columbia have passed mobility laws and are now in the implementation phase. To help CPAs around the country operate in the new mobility environment, AICPA and NASBA have launched a free online tool, CPAMobility.org.

More on AICPA TV

Interest Areas 

Through its volunteer committees, the AICPA advocates on behalf of the membership by writing comment letters on technical proposals issued by various standard-setting bodies. Visit the relevant Interest Area for further information on advocacy initiatives.
Copyright © 2006-2012 American Institute of CPAs.