The American Institute of CPAs testified March 28, 2012 before the U.S. House of Representatives Subcommittee on Capital Markets and Government Sponsored Enterprises at an oversight hearing entitled Pending Proposals and Emerging Issues Confronting Regulators, Standard Setters and the Economy.
Barry C. Melancon, CPA, CGMA, president and CEO of the AICPA, told members of the subcommittee that the “AICPA supports a strong and balanced regulatory structure that protects the public but does not detract from, or negatively impact, quality reporting and auditing and does not restrict the effective and efficient flow of capital.”
“CPAs in all areas of the accounting profession, along with the AICPA, join you as we seek to advance a common mission of promoting the highest quality accounting and auditing services that are valuable to the public interest and to the global capital markets.”
For more information, read the AICPA’s testimony and the March 28 Journal of Accountancy article.
Photo caption: AICPA President and CEO Barry C. Melancon, CPA, CGMA
Photo credit: Sam Kittner