Litigation Pleading Standards

Article:  AICPA Position Congress is considering the Notice Pleading Restoration Act, S. 1504, introduced by Senator Arlen Specter, a Pennsylvania Democrat, and Open Access to Courts Act, H.R. 4115, introduced by Representative Jerrold Nadler, a New York
Published on March 02, 2010

Aiding and Abetting Liability

Article:  The AICPA supports leaving the enforcement for aiding and abetting with the SEC, not outsourcing the enforcement to plaintiff’s lawyers.
Published on September 24, 2012

Extraterritorial Private Rights of Action, also known as F-Cubed Litigation

Article:  The accounting profession believes private litigants may utilize U.S. securities laws within the territorial jurisdiction of the U.S. and that the United States Supreme Court decision in Morrison v. National Australia Bank, Ltd. is the correct reading of the Securities Exchange Act of 1934.
Published on April 03, 2013

Tellabs Inc. v. Makor Issues & Rights, Ltd.

Legal Brief:  The present case concerns the pleadings standards established by the Private Securities Litigation Reform Act of 1995 (PSLRA). In the PSLRA, Congress required securities-fraud plaintiffs to plead particularized facts leading to a "strong inference" that each defendant acted, or failed to...
Published on April 14, 2010

American Bar Association vs. Federal Trade Commission

Legal Brief:  The AICPA has a direct interest in the outcome of this litigation. The AICPA’s members, like attorneys, are engaged in a professional practice. Also, like attorneys, certified public accountants typically engage in invoiced billing of their clients, allowing their clients...
Published on September 30, 2010

AICPA Supports State Tax Tribunal Model Legislation

Newsletter:  The CPA Advocate: August, 2012. The AICPA supports model legislation as a resource for state CPA societies whose legislatures are interested in creating or modifying an independent state tax tribunal.
Published on August 17, 2012

Tax Strategy Patents

Article:  On September 16, 2011, President Obama signed the America Invents Act, which contains a provision that eliminates the patenting of new tax strategy patents. The AICPA strongly supported this legislation and worked towards
Published on March 06, 2013

Williamson v. PricewaterhouseCoopers LLP

Legal Brief:  Neither the Institute nor the New York State Society has an interest in the particular dispute between these litigants.  However, because of their (1) extensive understanding of the accounting profession and, in particular, the role of an independent auditor, and (2) commitment to the public interest, the Institute and State Society are gravely concerned about the lower
Published on May 03, 2010

State Tax Tribunals

Issue Brief:  This is the AICPA paper on state tax tribunals.  It was developed as a resource to state CPA societies as the various states consider this issue.
Published on April 11, 2013

Bankruptcy Services, Inc. v. Ernst & Young, Ernst & Young LLP

Legal Brief:  The AICPA is deeply concerned about the Panel's unduly expansive view of the adverse interest exception to imputation.  The New York courts have carefully balanced an injured party's interest in recovering damages with fair limits on accountants' liability.  The Panel's decision threatens to upset that balance and expose accountants to broadly expanded
Published on April 09, 2010

S Corporations Advocacy

Article:  This section contains analysis of legislative issues, comments and other topical information regarding S corporation taxation.
Published on February 28, 2013

A Quick Look at 2011 Tax Advocacy Success

Article:  A quick overview of the AICPA's many tax advocacy successes over the last year, including 1099 legislation, preparer registration regulations, and several narrower technical victories that simplified compliance.
Published on April 16, 2013

AICPA, State Societies Renew Push to Pass Bill Making Tax Code Accessible to All

Newsletter:  The CPA Advocate: September, 2011.  The AICPA and state CPA societies urged senators to pass the House version of a patent reform bill that would stop tax strategy patents.
Published on October 07, 2011

Exempt Organizations Advocacy

Overview:  This section covers issues of taxation and filing requirements of exempt organizations. It contains articles, tools and practice aids, as well as comment letters pertaining to legislative matters and IRS regulation and administration in this area.
Published on November 06, 2012

State and Local Advocacy

Article:  This section contains legislative issues and comments regarding state and local taxation.
Published on May 20, 2013