AICPA-Endorsed Amendment to Whistleblower Bill Approved
The AICPA and state CPA societies successfully urged members of the House Capital Markets Subcommittee to approve an amendment to a bill that would protect investors by strengthening the whistleblower program established under the Dodd-Frank Act.
Published on February 01, 2012
AICPA Comments on IRS Exempt Organization Enforcement Efforts
This April 12, 2004 letter from the AICPA Exempt Organization Taxation Technical Resource Panel to the Advisory Committee on Tax Exempt and Government Entities discusses enforcement and compliance processes and proposes a Form 990 redesign, a redesign of the exemption application process for section 501(c)(3...
Published on July 01, 2013
AICPA Opposes PCAOBs Mandatory Audit Firm Rotation Proposal
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
Potts v. SEC
...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
AICPA Letter to House Financial Services Committee Supporting H.R. 1564.
The AICPA supported a bill approved on June 19, 2013 by the House Financial Services Committee that would prevent the PCAOB from imposing mandatory audit firm rotation for public companies
Published on June 19, 2013
Compilation and Review - ARSC Comment Letters
Listing of ARSC compilation and review comment letters.
Published on February 14, 2013
AICPA Testifies before ERISA Advisory Council on Lost and Missing Plan Participants
The CPA Advocate: September, 2013. AICPA's Employee Benefit Plan Audit Quality Center made recommendations to a U.S. Department of Labor advisory panel to better connect missing and lost participants with their benefits
Published on September 05, 2013
The Accounting Standards Executive Committee comment letter on proposed FASB Staff Position (FSP) FAS 157-g, "Estimating the Fair Value of Investments in Investment Companies That Have Calculated Net Asset Value per Share in Accordance with the AICPA Audit and Accounting Guide, Investment Companies
Published on July 11, 2011
Financial Reporting Advocacy
...The AICPA monitors and advocates on financial reporting matters affecting the accounting profession. The Financial Reporting Executive Committee (FinREC), Auditing Standards Board (ASB), and Accounting and Review Services Com
Published on July 20, 2011
March 2005 Comments on Governance
Provided are proposed comments and suggestions from the AICPA in response to concerns for reform and best practices for NPOs including but not limited to: audit thresholds, availability of financial information, auditor rotation, CEO/CFO Certification, etc. Submitted on March 1, 2005, these comments and suggestions are made in light of
Published on November 06, 2012