TIC Advocacy

    Advocacy-PCPS Technical Issues Committee 

    What is the PCPS Technical Issues Committee (TIC)? TIC is a committee of CPA practitioner volunteers working to represent the views of local firms and their clients in the standards-setting process.

    What is TIC’s Charge?
    TIC monitors the activities of the:
    • Financial Accounting Standards Board (FASB)
    • Governmental Accounting Standards Board (GASB)
    • AICPA Senior Committees and Boards
      • Auditing Standards Board (ASB)
      • Accounting and Review Services Committee (ARSC)
      • Professional Ethics Executive Committee (PEEC)
    • Other boards and committees, as necessary for technical developments that could have a significant effect on CPAs with small private company, not-for-profit, and governmental clients. When appropriate, TIC submits comments and recommendations to the standard setters as the collective voice of small and medium-sized firms and clients they serve.

    Committee meeting tableTIC provides standards-setters with practical assistance as well; such as "field testing" portions of proposed guidance, providing practical examples of potential implementation difficulties and serving on standard-setting task forces.
    TIC also helps firms keep up with the latest technical standards – a top challenge for small firms according to the PCPS 2011 Top Issues Survey – through the Technical Issues Alert. The TIC Alert reports on selected new and proposed standards developed by accounting, auditing, ethics, government and other key standard setters that are especially relevant to local firms and private entities. It also alerts practitioners to available non-authoritative guidance and potential changes in practice.

    Get Involved!
    If you have questions, local firm advocacy issues or suggestions for TIC, let us hear your voice. Linda Volkert, CPA, is the AICPA’s TIC Staff Liaison and can be reached by email.

    TIC meetings offer local practitioners the chance to provide their unique perspectives in the standard-setting process. All CPAs are invited to attend. Upcoming TIC meeting dates and locations are:  

    • Sept. 15-17, 2014, Norwalk, CT—Annual liaison meeting with FASB, GASB and PCC

    TIC Alerts (e-newsletters)

    TIC Comment Letters

    TIC Accomplishments

    Provides news about new and proposed accounting, auditing, compilation/review and ethics standards.

    Comment letters with informed recommendations submitted by TIC, in support of private firms.

    Click here for a summary of TIC’s accomplishments for the profession.

    Recent TIC Alert - July 2014
    In this issue, TIC addresses hot topics including commenting on the ARSC ED on Preparation, Compilation and Association, discussing pending FASB Projects and the recent Revenue Recognition Standard, and updating interested parties on the CPEA.
    GASB ED, Fair Value Measurement and Application
    In this comment letter, TIC comments on GASB ED, Fair Value Measurement and Application.
    AICPA Technical Hotline
    The AICPA Technical Hotline is free and provides prompt, high-quality technical assistance by phone concerning issues related to: accounting principles and financial reporting; auditing, attestation, compilation and review standards
    Copyright © 2006-2014 American Institute of CPAs.