Congressional and Political Affairs Advocacy
The AICPA monitors and advocates on legislative and other matters that affect the accounting profession. Working with state CPA societies and other professional organizations, the AICPA provides information to and educates federal, state and local policymakers regarding key issues.
Published on January 07, 2015
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 December 15, 2014
AICPA Letter to House Oversight and Government Reform Committee re DATA Act Implementation Hearing
The AICPA wrote to the House Oversight and Government Reform Committee regarding the Committee's hearing entitled "Transforming Federal Spending: Implementing the Digital Accountability and Transparency Act."
Published on December 15, 2014
Federal Legislative and Regulatory Issues
This page highlights the advocacy issues in which the Congressional & Political Affairs Team is advocating on behalf of the profession, and also those issues that the team has recently followed.
Published on October 28, 2014
Accounting Partnership Retirement Practices
In letters to members of the Equal Employment Opportunity Commission (EEOC), the American Institute of CPAs (AICPA) has asked commissioners to reject staff appeals to investigate and litigate against accounting firms regarding partner retirement provisions
Published on October 21, 2014
Preserving the Cash Basis Method of Accounting for CPA Firms
The AICPA is opposed to certain provisions included in tax reform proposals that would limit the availability of the cash basis method of accounting.
Published on September 29, 2014
Cash Accounting Bipartisan Letter to the House of Representatives
Published on September 11, 2014
Cash Accounting Senate Letter
Published on August 07, 2014
Camp Letter On Cash Basis April 25, 2014
The American Institute of CPAs (AICPA) voices strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations.
Published on May 08, 2014
Convergence of International and US Accounting Principles and IFRS
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 high-quality, globally-accepted accounting standards.
Published on April 17, 2014
AICPA Letter to SEC on Proposed Regulation Crowdfunding
AICPA comments on the SEC's proposed new Regulation Crowdfunding under the Securities Act of 1933 and the Securities Exchange Act of 1934 to implement the requirements of Title III of the JOBS Act as published in SEC File No. S7-09-13.
Published on February 06, 2014
Jan 2014 - AICPA Statement for the Record regarding Conferences and Travel
AICPA provided a Statement for the Record to the Senate Homeland Security and Government Affairs Committee in response to the hearing held on January 14, 2014 entitled, "Examining Conference and Travel Spending Across the Federal Government."
Published on January 28, 2014
Cash Basis Letter to Senate Finance Committee from Associations-Jan7-2014
Cash Basis Letter to Senate Finance Committee dated Jaunary 7, 2014 from American Council of Engineering Companies, American Dental Association, American Farm Bureau Federation, American Institute of Architects, American Institute of CPAs and S Corporation Association.
Published on January 22, 2014
The AICPA generally supports the SEC’s proposed rules as a means to strengthen investor protections in the municipal securities market. The AICPA is concerned, however, because the proposed rule would require that accountants performing customary and usual accounting services would be required to register as municipal advisors.
Published on January 07, 2014
ERISA Fiduciary Definition - Appraisers of Employee Stock Ownership Plans
The AICPA believes that the U.S. DOL should implement rules that would require appraisers of ESOPs to meet minimum qualification requirements, including holding relevant credentials and training, and comply with applicable professional valuation standards.
Published on December 30, 2013