AICPA Responds to IRS Simplification Proposals for Employee Benefit Plan Determination Letters
AICPA responds to the second white paper regarding The Future of the Employee Plans Determination Letter Program, encouraging simplification
Published on February 10, 2010
AICPA Letter to IRS on Need Notice on Section 67(e) for 2010 Returns
This is the Feb. 15, 2011 AICPA letter to the IRS and Treasury on need for notice not requiring unbundling of fiduciary fees for 2010 returns and future years
Published on February 15, 2011
AICPA Proposed Revenue Ruling Regarding the Treatment of Noncapital, Nondeductible Expenses with Respect to an S Corpora...
In this proposed revenue ruling, the AICPA suggests that nondeductible, noncapital allocations to an S shareholder in excess of basis will not carryover to future years unless the re-ordering election of reg. section 1.1367-1(g) is made
Published on September 28, 2012
States May Move toward Reporting Mandates on Remote Sellers to Boost Tax Compliance
AICPA opposes a Multistate Tax Commission model statute that would ask states to require out-of-state retailers to report sales to in-state consumers.
Published on September 02, 2011
AICPA Recommendation for SEC Optional Adoption of IFRS by U.S. Public Companies
The CPA Advocate: September, 2011. AICPA recommended to the SEC that U.S. public companies be allowed the option of adopting IFRS.
Published on April 30, 2013
Consumer Financial Protection Bureau
This article outlines the AICPA's involvement with the development of the Consumer Financial Protection Bureau (CFPB). The AICPA was successful in winning recognition by House and Senate lawmakers of the vital role CPAs play in advising Americans on their financial decisions, thus preventing CPAs from reporting to a new regulatory body.
Published on April 03, 2013
Potts v. SEC
Brief of amicus curiae for the AICPA in support of the petition of Robert D. Potts. The SEC sanctioned Potts for ""improper professional conduct"" in performing duties as a concurring reviewer during an audit of certain financial statements in 1988 and 1989.
Published on April 02, 2013
Sample Client Letter for Surviving Spouses Needing to File Estate Tax Return to Elect Portability
This is a sample client letter for members to send to clients who are surviving spouses of individuals who died in 2011 or 2012. It discusses the portability of the estate tax exemption, a recent provision in the law that may save the family from paying significant gift and estate taxes in the
Published on March 09, 2012
Tax Legislation and Policy
The AICPA advocates for good tax policy by: (1) educating the public on the principles of good tax policy through issuance of tax policy concept statements; (2) participating in hearings, meetings, and conferences to promote good tax policy, particular
Published on May 17, 2013
AICPA Position Page on whether the Uniform CPA Examination should continue to be the only examination administered for candidates seeking initial licensure as a CPA.
Published on March 20, 2012
State CPA Society Government Fiscal Responsibility Activities
Examples of state CPA societies' various activities to inform the public and advocate for government fiscal responsibility.
Published on May 17, 2013
State CPA Societies Call for Co-Sponsors for Tax Due Dates Bills
The CPA Advocate: August, 2012. In reply to AICPA's request, 44 states have asked their members of Congress to co-sponsor legislation to rationalize due dates for tax returns.
Published on August 14, 2012
Registration and Inspection of the Auditors of Broker-Dealers
The Dodd-Frank Act provides authority to the Public Company Oversight Board to expand, by rule, its oversight and inspections to all auditors of broker-dealers or to a targeted subset of its choosing. The AICPA continues to advocate for a clear policy rationale to any changes in PCAOB regulation.
Published on May 14, 2012
AICPA Raises Concerns about Ideas for Potential Revisions to Single Audits
The CPA Advocate: June, 2012. The GAQC comment letter to OMB supports overall goals of potential revisions to single aud requirements but raised concerns about ideas for potential revisions.
Published on June 12, 2012
The AICPA aggressively pursues the interests of its membership through active participation with international regulators and standard setters.
Published on November 07, 2012