Take Action Legislation Affecting ESOP Appraisers
The AICPA urges FVS section members to seek congressional support of legislation to fix DOL fiduciary proposal on ESOP appraisers S. 273/HR 2041
Published on September 18, 2013
ERISA Fiduciary Definition - Appraisers of Employee Stock Ownership Plans
The AICPA believes that the U.S. DOL should implement rules that would require appraisers of ESOPs to meet minimum qualification requirements, including holding relevant credentials and training, and comply with applicable professional valuation standards
Published on December 30, 2013
AICPA Opposes Potential Change in DOL Fiduciary Rule for Appraisers of Employee Stock Ownership Plans
The CPA Advocate: July, 2013. The AICPA continues to advocate on behalf of CPA appraisers to be excluded from any rule proposal that would define them as fiduciaries under the Employee Retirement Income Security Act of 1974 (ERISA).
Published on July 18, 2013
Department of Labor Reportedly Drops Valuation from Fiduciary Rule
The CPA Advocate: February 25, 2015. The AICPA believes DOL’s decision to remove appraisers of employee stock ownership plans from its rule on the definition of a fiduciary is a positive outcome. The rule was first proposed in 2010, was withdrawn in 2011 and is expected to be reissued soon.
Published on February 24, 2015
AICPA Opposes DOLs Proposal to Change Fiduciary Definition Affecting Business Valuation
The CPA Advocate: May, 2011. Robert Reilly, CPA/ABV testified at a Department of Labor hearing against DOL's proposed changes to the definition of fiduciary.
Published on May 25, 2011
AICPA Supports Senator Ayottes Bill Exempting Valuation Specialists from Fiduciary Status
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 15, 2012
AICPA Urges Congress to Prevent Labor Department from Expanding the Definition of a Fiduciary
The CPA Advocate: October, 2013. A new page on the AICPA's website encourages CPAs to write their members of Congress and includes a video that explains the issue.
Published on October 17, 2013
CPAs Advocacy on Capitol Hill Gets Results
The CPA Advocate: July, 2013. AICPA Council members and state CPA society staff visited lawmakers in Washington, D.C. to advocate for the accounting profession's legislative goals.
Published on July 18, 2013
Federal Legislative and Regulatory Issues
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 October 28, 2014