AICPA Comment Letter on FASAB Hierarchy of GAAP

Article:  "AICPA reviews the FASAB exposure draft, The Hierarchy of Generally Accepted Accounting Principles, Including the Application of Standards Issued by the Financial Accounting Standards Board, and provide responses to specific questions raised and other comments. "
Published on July 11, 2011

Fight to Win Independent Standard Setting Board for Private Company Financial Reporting Will Continue

Newsletter:  The CPA Advocate: October, 2011.  The Financial Accounting Foundation’s proposal, Plan to Establish the Private Company Standards Improvement Council, rejected one of the two major recommendations of the Blue Ribbon Panel on Standard Setting for Private Companies.
Published on March 02, 2012

Comment Letter on FASB Accounting Standards Update (ASU), Fair Value Measurements and Disclosures (Topic 820) - Amendmen...

Comment Letter:  ...letter to the FASB on the proposed Accounting Standards Update, Fair Value Measurements and Disclosures (Topic 820) - Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs
Published on July 11, 2011

AICPA Supports New Private Company Council Developing Framework for SMEs

Newsletter:  The CPA Advocate: June, 2012.  AICPA supports FAF's planned creation of Private Company Council and is developing an OCBOA financial reporting framework for privately held small- and medium-sized enterprises.
Published on February 06, 2013

FASB Comment Letter Archive

Comment Letter:  The AICPA takes opportunities to comment on Discussion Papers and other various standard setting items. Included are archived items.
Published on July 15, 2011

Comment Letter, Exposure Draft of a Proposed Accounting Update (ASU) Balance Sheet (Topic 210)-Offsetting

Comment Letter:  The Financial Reporting Executive Committee (FinREC) of the American Institute of Certified Public Accountants (AICPA) has reviewed the Exposure Draft (the "ED" or the "Proposal") of the Proposed Accounting Standards Update, “Balance Sheet (Topic 210) – Offsetting” and presents comments for the Board's consideration.  FinREC supports the ongoing efforts of
Published on July 11, 2011

XBRL

Article:  Extensible Business Reporting Language (XBRL) used in financial and other reporting allows for easier access to more transparent information.  AICPA supports legislative proposals to utilize XBRL by companies, Federal agencies and recipients of Federal funds.
Published on June 17, 2013

House Passes AICPA-Backed Bill to Narrow Definition of Municipal Advisor

Newsletter:  The CPA Advocate: September, 2012.  CPAs who provide "customary and usual" accounting services would be excluded from the definition of "municipal advisor" under the provisions of H.R. 2827, which is strongly supported by the AICPA.
Published on September 20, 2012

Senator Wicker Introduces Bill to Narrow Definition of Municipal Advisor

Newsletter:  The CPA Advocate:  October, 2012.  The bill introduced in the Senate to narrow the definition of "municipal advisor" is identical to the bill strongly supported by the AICPA that the House of Representatives passed in September 2012.
Published on October 18, 2012

Tax Legislation and Policy

Article:  The Congressional and Political Affairs Team often assists the Tax Team with tax legislation and policy issues, and advocates about them to Members of Congress and other key policymakers on behalf of the profession.
Published on April 03, 2013

Potts v. SEC

Legal Brief:  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