AICPA Council Approves Member Ballot on Proposal to Enhance Support for Accounting Profession

March 24, 2016

New York (March 24, 2016) – The governing Council of the American Institute of CPAs (AICPA) has authorized a member ballot on a proposal by the AICPA and Chartered Institute of Management Accountants (CIMA) to create a new association representing the entire accounting profession, while preserving the AICPA and CIMA membership bodies. The organizations would integrate operations to strengthen advocacy and have more agility in responding to evolving member needs.
 
The proposal would keep the profession strong amid technological, demographic and international trends that are rapidly reshaping the business environment.  The AICPA would continue to promote, protect and grow the CPA, with AICPA members continuing to receive all their current benefits. The new association would build upon those member benefits and represent more than 600,000 professional accountants, strengthening advocacy on a wide spectrum of issues.  The proposal would provide a stronger defense against regulations that burden businesses and do not protect the public interest. It would power expanded resources across public and management accounting to keep members ahead of emerging issues.
 
Since the AICPA first brought the proposal forward on Nov. 2, it has received support from 51 state CPA societies and many firm and finance leaders. The AICPA Board of Directors and governing Council have both recommended approval.
 
“Our profession is strong today because of its history of anticipating and adapting to market changes,” said Tim Christen, CPA, CGMA, chairman of the AICPA Board of Directors. “This is a next step in that evolution to maintain the profession’s relevance far into the future and keep our core values of quality, competency and integrity at the center of the financial system.”
 
Members of the AICPA will receive their personal and confidential ballots the week of April 18 from a third-party vote administrator under the name “AICPA Independent Tabulator.” CIMA members will be asked to endorse the proposal on a similar timeline.
 
More information on the proposal is available at www.aicpa.org/horizons.