FASB Comment Letter Regarding Fair Value Measurement of Perpetual Trusts
AICPA comments on the Not-for-profit entities (NFP) requirement to measure beneficial interests in perpetual trusts at fair value
Published on May 08, 2013
Audits of Federal Funds (Single Audits)
Entities that receive federal funds including states, local governments, and not-for-profit organizations (NPOs), are subject to audit requirements commonly referred to as “single audits” under the Single Audit Act of 1984, as amended in 1996. The Single Audit Act was...
Published on March 28, 2013
March 2005 Governance Whitepaper
AICPA supports the Senate Finance Committee's objective of ensuring that not-for-profit organizations maintain the full confidence of the public by being accountable and fulfilling their fiduciary responsibilities. This whitepaper was attached to a cover letter submitted in March 2005
Published on November 06, 2012
AICPA Provides Feedback to GASB on Nonexchange Financial Guarantee Transactions
The CPA Advocate: December, 2012. AICPA asks for clarification of "financial guarantee" and questions theBoard's conclusions regarding the exclusion of exchange transactions from the scope of the standard.
Published on December 19, 2012
AICPA Advocacy Continuing on Proposed Revisions to Single Audit Rules
The CPA Advocate: March 27, 2013. The AICPA invites members to submit comments by April 26, 2013 to be considered as part of AICPA’s comment letter to OMB.
Published on March 27, 2013
AICPA Raises Concerns about Ideas for Potential Revisions to Single Audits
The CPA Advocate: June, 2012. The GAQC comment letter to OMB supports overall goals of potential revisions to single aud requirements but raised concerns about ideas for potential revisions.
Published on June 12, 2012
AICPA 2007 Comments on Redesigned Form 990
AICPA comments on IRS re-designed Form 990. IRS plans to implement the new form, effective for 2009 filing season (2008 Forms 990).
Published on July 01, 2013
AICPA Proposes Fiscal Year Flexibility for Emerging Small Businesses
This is AICPA's statement in support of allowing small businesses the flexibility to adopt any fiscal year end from April through November for tax purposes, as proposed in the Small Business Tax Flexibility Act of 2003 (H.R. 3225) for the record of the Subcommittee's September 23, 2004, hearing.
Published on May 20, 2013
AICPA Outlines Support of International Tax Simplification Bill
This document contains a letter to Rep. Amo Houghton, which outlines AICPA support for the proposed international tax simplification bill, H.R. 285. In the letter, various provisions are the bill are listed as reducing complexity and compliance burdens.
Published on April 15, 2010
AICPA Recommends International Tax Simplifications to Congressional Staff
Recommendations from the AICPA on international tax simplification submitted to the Senate Finance Working Group and include various concerns regarding the overly complex international tax provisions.
Published on April 15, 2010