Associations

The American Institute of CPAs has released an alert warning about audit risks from the economic crisis.

The Private Company Financial Reporting Committee met with the Financial Accounting Standards Board to discuss some of the problems that led to deferring controversial rules for accounting for uncertainty in income taxes.

More than a third of CPA firms plan to supplement their workforce in the next 12 months, according to a newly released survey.

The American Institute of CPAs has begun investigating the accounting firm listed as the auditor of Bernard Madoff's investment management business after the firm told the institute for 15 years that it did not perform any audit work.

The American Institute of CPAs plans to participate in a London forum hosted by Prince Charles.

If you attended the American Institute of CPA's Fall Council in October, you had the opportunity to see history in the making. Ernest Almonte, the auditor general for the state of Rhode Island, took the podium as 2008-2009 chairman of the institute - the first government official to be elected to that position in the organization's 121 years.Almonte has served as his state's auditor general since 1994 - a position where he is responsible for auditing the state's $7 billion state comprehensive annual financial report and $3 billion federal single audit. Aside from being a CPA, he is a Certified Fraud Examiner and a Certified Government Financial Manager, and holds both the Certified Information Technology Professional and Certified in Financial Forensics credentials from the AICPA. He was appointed by the U.S. Comptroller General to the Government Auditing Standards Committee. This year, the Secretary of Defense also named him to its first department-wide audit committee.

The Virginia Society of CPAs is offering a free financial wall calendar for consumers, developed in partnership with the American Institute of CPAs.

A century-old association with roots in Britain is setting up shop in the United States, trying to give the American Institute of CPAs a run for its money.

If you are interested in how the accounting profession is evolving, you might want to keep Mark Koziel on speed dial.

WebCPA received a letter from American Institute of CPAs president and CEO Barry Melancon taking issue with a recent story on a Gallup Poll ranking of the honesty and ethics of various professions.

Pessimism about the U.S. economy among CFOs and senior-level executive CPAs hit an all-time high this quarter, according to a new survey, with most of them not expecting a turnaround for at least another year.

The American Institute of CPAs is launching a new series of ads for its "Feed the Pig" financial literacy campaign targeted at adults in the 25-to-34 age group.

The American Institute of CPAs' business subsidiary CPA2Biz has signed a deal with Google to offer Google AdWords as a way for accounting firms to market and promote their services via local paid search ads.

The American Institute of CPAs has enhanced its CPE Online Grading Site with improved navigation, new exam features and a simplified log-in process.

A large majority of CPA firms reported continuing strong growth during the past two years, according to a new survey by the American Institute of CPAs and the Texas Society of Certified Public Accountants, but the survey was taken before the financial crisis hit home in recent quarters.

The American Institute of CPAs is mulling the idea of internationalizing the CPA designation.During its recent Fall Meeting of Council and Members, held here, Leslie Murphy, co-chair of the AICPA/National Association of State Boards of Accountancy Joint Committee on the International Administration of the CPA Examination, and Arleen Thomas, senior vice president of member competency and development at the AICPA, presented a proposal asking Council members to consider offering the U.S. CPA Exam to international markets and issuing a non-audit CPA designation for use outside the U.S.

The Private Company Financial Reporting Committee discussed FIN 48, fair value and other matters at its latest meeting.

The American Institute of CPAs has written to the Securities and Exchange Commission urging it to allow the Financial Accounting Standards Board to continue to set standards for mark-to-market accounting.

The American Institute of CPAs' Auditing Standards Board has revised a standard on the use of electronic confirmations to provide further guidance on reliability.

The American Institute of CPAs will be one of the sponsors of CollegeWeekLive, a virtual job fair for college students scheduled for November 12-13.