FASB Independence and Fair Value Accounting
Article:
The AICPA strongly and unequivocally supports independence of the U.S. and international accounting standard setting bodies, the Financial Accounting Standards Board (FASB) in Norwalk, Connecticut, and the International Accounting Standards Board (IASB) in London
Published on April 03, 2013
FASB Independence Letter Re Brown Senate Amendment
Legislative Letters:
FASB Independence Letter Re Brown Senate Amendment - from CAQ, AICPA and investor and other groups
Published on May 19, 2010
AICPA Letter to Senators Dodd and Shelby regarding Independence of Accounting Standard Setting Process
Legislative Letters:
February 18, 2010 AICPA Letter to Senators Dodd and Shelby regarding Independence of Accounting Standard Setting Process
Published on February 18, 2010
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 Opposes PCAOBs Mandatory Audit Firm Rotation Proposal
Newsletter:
The AICPA recently told the Public Company Accounting Oversight Board its Concept Release on Auditor Independence and Audit Firm Rotation, which would require mandatory audit firm rotation, is not likely to achieve the goals the PCAOB intends
Published on January 09, 2012
AICPA Letter to Chairman Frank and Ranking Member Baucus re FASB Independence, November 13, 2009
Legislative Letters:
November 13, 2009, AICPA Letter to Chairman Barney Frank and Ranking Member Spencerf Baucus regarding proposed amendment expected by Congressman Ed Perlmutter regarding FASB Independence
Published on February 11, 2010
November 4, 2009 AICPA Letter Regarding Perlmutter Amendment
Legislative Letters:
November 4, 2009 AICPA Letter regarding proposed amendment expected by Congressman Ed Perlmutter regarding FASB Independence
Published on February 11, 2010
November 18, 2009 AICPA Issue Paper Regarding Potential Perlmutter Amendment
Issue Brief:
November 18, 2009 AICPA Issue Paper regarding proposed amendment expected by Congressman Ed Perlmutter regarding FASB Independence
Published on February 11, 2010
Federal Legislative and Regulatory Issues
Federal Law:
This page highlights the advocacy issues in which the Congressional & Political Affairs Team is advocating on behalf of the profession, and also those issues that the team has recently followed.
Published on March 29, 2013
Consolidation of State Boards of Accountancy
Publication:
Occasionally, in the name of economic efficiency, states have considered consolidating state administrative agencies.
Published on March 27, 2012
Legislation Prohibiting Mandatory Audit Firm Rotation Introduced in U.S. House of Representatives
Newsletter:
The CPA Advocate: April, 2013. H.R. 1564, introduced by Representative Robert Hurt, a Republican from Virginia, would block the PCAOB from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis.
Published on April 29, 2013
International Advocacy
Overview:
As the world's largest professional accountancy organization, the AICPA is actively engaged with international standard setters and regulators on issues that impact our members both in the U.S. and worldwide. Comment letters are issued by the AICPA to international standard setters and/or regulators.
Published on April 02, 2013
Insurance Company Audits
Article:
ISSUE: How the profession should respond to legislation that requires insurers to have annual audited statutory financial reports of insurance companies. BACKGROUND: All states require domiciled insurance enterprises to submit to the state insuran
Published on March 18, 2011
ERISA Fiduciary Definition - Appraisers of Employee Stock Ownership Plans
Article:
The AICPA believes that CPAs who perform valuation services for employee stock ownership plans (ESOPs) should not be defined as fiduciaries under the Employee Retirement Income Security Act (ERISA). Rather, the AICPA believes that the U.S. Department of Labor (DOL) should implement rules that would require appraisers of ESOPs to
Published on April 03, 2013
AICPA Supports Senator Ayottes Bill Exempting Valuation Specialists from Fiduciary Status
Newsletter:
The CPA Advocate: August, 2012. The AICPA believes that appraisers of employee stock ownership plans should not be considered fiduciaries under ERISA and recently sent a letter to Senators asking for them to cosponsor S. 1232, a bill that would exempt valuation specialists from that status.
Published on August 14, 2012