Audits of FHA-Approved Participants and Related HUD Requirements

Article:  FHA proposes new rule to strengthen risk management and shift accountability for the underwriting of FHA-insured loans to the mortgage banks. It may no longer require FHA to approve loan correspondents (mortgage brokers) participating in the FHA program and...
Published on May 14, 2013

June 20, 2011 AICPA Letter in Support of H.R. 2146

Legislative Letters:  AICPA Letter in support of H.R. 2146, the "Digital Accountability and Transparency Act of 2011
Published on June 28, 2011

AICPA Encourages Changes to Data Transparency Provisions of Senate DATA Act

Newsletter:  The CPA Advocate: December, 2012. AICPA says changes would strengthen the data transparency provisions of the bill, which is expected to be reintroduced in 2013.
Published on December 19, 2012

AICPA Supports XBRL Reporting Requirements in DATA Act

Newsletter:  The CPA Advocate: June, 2012. The AICPA supports the XBRL provisions in H.R. 2146, the DATA Act, passed by the House on April 25, 2012.
Published on June 12, 2012

March 29, 2010 Letter to the President regarding Comptroller General

Legislative Letters:  March 29, 2010 letter to the President regarding AICPA's views on the qualifications and nomination of a new Comptroller General for the Government Accountability Office
Published on April 01, 2010

The Honorable John Lewis

Comment Letter:  AICPA requests a correction to problems created by the enactment of a tax provision in section 8246 of the US Troop Readiness, Veteran?s Care, Katrina Recovery, & Iraq Accountability Appropriations Act of 2007 relating to an increase in the tax return reporting standards applicable to preparers
Published on March 05, 2009

XBRL Gains Interest in New Legislative Proposals

Newsletter:  The AICPA has long supported the use of eXtensible Business Reporting Language, or interactive data, in financial reporting.  Several bills introduced recently in Congress are encouraging use of XBRL by federal agencies and recipients of federal funds.
Published on October 13, 2011

Municipal Advisors

Article:  The AICPA generally supports the SEC’s proposed rules as a means to strengthen investor protections in the municipal securities market.  The AICPA is concerned, however, because the proposed rule would require that accountants performing customary and usual accounting services would be required to register as municipal advisors.
Published on May 01, 2013

GAO Study of Financial Planning

Federal Law:  Dodd-Frank required the GAO to conduct a study on the effectiveness of existing regulation of financial planners, including tax advisors.  The AICPA met with the GAO during the study to present the profession’s point of view.  AICPA strongly opposed any new regulatory structure affecting CPAs as they are already comprehensively
Published on April 03, 2013

AICPA Supports Efforts in Congress to Advance Federal Government Transparency

Newsletter:  The CPA Advocate: March 27, 2013.  An AICPA letter to a House committee lauded efforts to promote new technologies that will improve transparency and openness in the federal government.
Published on March 27, 2013

AICPA Continues Push for Narrower Definition of Municipal Advisor Under Dodd-Frank Act

Newsletter:  The CPA Advocate: August, 2012. The AICPA is urging Congress to act to prevent the SEC’s proposed broad definition of “municipal advisor” from sweeping under its definition CPAs who are performing “customary and usual” accounting services.
Published on August 14, 2012

Become a Federal Key Person

Article:  Introduction The AICPA established the Federal Key Person Program to maintain regular and continuing personal contact with each Member of Congress. The program accomplishes this through the development and maintenance of a cadre of politically
Published on June 03, 2011

AICPA Urges IFRS Monitoring Board to Support Independence, SEC Funding for IASB

Newsletter:  The CPA Advocate. May, 2011.  IASB needs stable and independent funding, AICPA said at IFRS Foundation Monitoring Board at Stanford University.
Published on May 27, 2011

AICPA Supports IRS Tax Return Preparer Program at Congressional Hearing

Newsletter:  The CPA Advocate: September, 2011.  AICPA supports the IRS’s program, as it is currently structured, to regulate tax return preparers, Patricia Thompson, chair of the AICPA Tax Executive Committee, testified at July 28 Congressional hearing.
Published on January 13, 2012

Peer Review

Issue Brief:  AICPA Issue Brief on whether CPAs should be required to undergo periodic review of their accounting and auditing practices
Published on April 05, 2012