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
CPA Mobility Implementation FAQs
FAQ:
FAQs intended to provide general information about CPA mobility
Published on October 02, 2012
AICPA Supports Proposed Amendments Governing Practice before the IRS
Newsletter:
The CPA Advocate: December, 2012. The AICPA told the IRS it appreciates the simplification provided by the elimination of the complex rules governing covered opinions.
Published on December 19, 2012
Two AICPA Panels Disagree with GASB Proposal on Financial Projections
Newsletter:
The CPA Advocate: June, 2012. Proposed required components of forward-looking information intended to assist users in assessing a government's fiscal sustainability do not meet GASB's definition of "required supplementary information."
Published on June 12, 2012
Convergence of International and US Accounting Principles and IFRS
Article:
International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board (IASB) in London is a response to worldwide demand from regulators, investors, businesses, and auditing firms for a single set of...
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
AICPA Comments on DOL Participant Directed Accounts
Comment Letter:
These AICPA addresses the Department of Labor (DOL) fiduciary requirements for disclosure in participant-directed individual account plans.
Published on September 24, 2012
FinREC Raises Significant Concerns about FASBs Proposed Disclosure Framework
Newsletter:
The CPA Advocate: December, 2012. The decision frameworks for FASB and the reporting entity must be "more concise, purposeful, and concrete," FinREC said in its comment letter.
Published on December 19, 2012
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
GAO Study of Financial Planning
Federal Law:
Dodd-Frank required the GAO to conduct a study on the effectiveness of existing regulation of financial planners, including tax advisors. The AICPA met with the GAO during the study to present the profession’s point of view. AICPA strongly opposed any new regulatory structure affecting CPAs as they are already comprehensively
Published on April 03, 2013
Regulation of Non-CPA Tax Preparers
Issue Brief:
ISSUE: Should states move to register or license non-CPA tax preparers? BACKGROUND: Taxpayers have become concerned in recent years about unscrupulous tax return preparers, persons they associate with high-interest, short-term refund ant
Published on March 27, 2012
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
AICPA Makes Recommendations for IRS-Treasury 2006-07 Priority Guidance List
Comment Letter:
The AICPA has submitted recommendations for the Treasury-IRS 2006-2007 Guidance Priority List. The comments cover a range of areas that affect individual and business taxpayers. The AICPA also emphasized the continuing need for Treasury and the IRS to continue efforts to simplify tax regulations and cited three examples of ""simple""
Published on March 04, 2010
AICPA Supports IRS Tax Return Preparer Program at Congressional Hearing
Newsletter:
The CPA Advocate: September, 2011. AICPA supports the IRS’s program, as it is currently structured, to regulate tax return preparers, Patricia Thompson, chair of the AICPA Tax Executive Committee, testified at July 28 Congressional hearing.
Published on January 13, 2012
Tort Reform - Privity of Contract
Issue Brief:
Background and information page on tort reform and privity.
Published on April 26, 2012