AICPA-Endorsed Amendment to Whistleblower Bill Approved
The AICPA and state CPA societies successfully urged members of the House Capital Markets Subcommittee to approve an amendment to a bill that would protect investors by strengthening the whistleblower program established under the Dodd-Frank Act.
Published on January 09, 2012
AICPA Opposes PCAOBs Mandatory Audit Firm Rotation Proposal
The AICPA recently told the Public Company Accounting Oversight Board its Concept Release on Auditor Independence and Audit Firm Rotation, which would require mandatory audit firm rotation, is not likely to achieve the goals the PCAOB intends
Published on January 09, 2012
Potts v. SEC
...for the AICPA in support of the petition of Robert D. Potts. The SEC sanctioned Potts for ""improper professional conduct"" in performing duties as a concurring reviewer during an audit of certain financial statements in 1988 and 1989
Published on September 21, 2006
AICPA Meets with FASB about Uniqueness of Employee Benefit Plan Financial Statements
The CPA Advocate: January, 2014. AICPA employee benefit plan panels are discussing with FASB how the Board can best incorporate the consideration of employee benefit plans into its standard-setting process.
Published on January 30, 2014
AICPA Testimony to ERISA Advisory Council on Outsourcing Flags Trouble Spots, Recommends Best Practices
The CPA Advocate: September, 2014. The testimony identified trends auditors are seeing in the outsourcing of employee benefit plan services, noted problems related to monitoring service providers and recommended best practices for selecting and monitoring service providers that affect the plan’s financial reporting.
Published on September 25, 2014
AICPA Letter to House Financial Services Committee Supporting H.R. 1564.
The AICPA supported a bill approved on June 19, 2013 by the House Financial Services Committee that would prevent the PCAOB from imposing mandatory audit firm rotation for public companies
Published on June 19, 2013
AICPA Testifies before ERISA Advisory Council on Lost and Missing Plan Participants
The CPA Advocate: September, 2013. AICPA's Employee Benefit Plan Audit Quality Center made recommendations to a U.S. Department of Labor advisory panel to better connect missing and lost participants with their benefits
Published on September 05, 2013
Compilation and Review - ARSC Comment Letters
Listing of ARSC compilation and review comment letters.
Published on February 14, 2013
AICPA Participates in Congressional Roundtable to Explore How to Improve Medicare Audits
The CPA Advocate: July, 2014. Steve Stang, a CPA from North Carolina, testified at a Senate Special Committee on Aging roundtable that increasing the number of Medicare audits "will likely not significantly lower the rate of improper payment errors
Published on July 30, 2014
The Accounting Standards Executive Committee comment letter on proposed FASB Staff Position (FSP) FAS 157-g, "Estimating the Fair Value of Investments in Investment Companies That Have Calculated Net Asset Value per Share in Accordance with the AICPA Audit and Accounting Guide, Investment Companies
Published on July 11, 2011