Associations

Unscrupulous headhunters have been calling accounting firms pretending to be representatives of the American Institute of CPAs in order to steal lists of employees, warned the AICPA.

The Private Company Financial Reporting Committee held a meeting to discuss whether International Financial Reporting Standards should apply to private companies in the U.S., along with other matters.

Before the SEC published its roadmap for the switch to International Financial Reporting Standards, we asked a large group of industry leaders if they thought the accounting profession was ready for the shift - and if not, what it needs to do to get ready.

The American Institute of CPAs has issued a proposed update to its audit guide for the gambling industry that takes into account some recent issues faced by casinos.

The American Institute of CPAs and its insurers Aon Insurance Services and CNA have added a network risk and privacy claim endorsement to every policy issued under the AICPA's professional liability insurance program.

The American Institute of CPAs plans to host a series of three "infocasts" in conjunction with the Society of Management Accountants of Canada and the United Kingdom's Chartered Institute of Management Accountants.

The Treasury Department's decision to take over Fannie Mae and Freddie Mac and put them under conservatorship has prompted questions about the implications for accountants and their clients.

In the first-ever visit to Congress by the American Institute of CPAs’ Major Firms Group, CPA executive leaders from 81 of the nation’s top 100 accounting firms visited Capitol Hill just prior to summer recess.The firms, representing more than 54,000 employees and their clients, discussed with lawmakers those legislative issues that are important to the accounting profession, including tax patents and uniform non-resident tax standards.

In a pair of proposals that may eliminate much of the confusion surrounding audits of companies that outsource certain functions, such as payroll processing, the Auditing Standards Board has approved the issuance of an exposure draft that splits Statement of Auditing Standards 70 into two separate kinds of standards.Chuck Landes, American Institute of CPAs vice president of professional standards and services, said that the new standards follow the natural lines of division between types of audits — those of audit clients, and those of “service organizations” that perform outsourced functions.

The American Institute of CPAs has written a letter to the Labor Department supporting a proposal to require retirement plan sponsors and administrators to annually disclose fees and expenses to participants.

The Governmental Accounting Standards Board has proposed transferring guidance from the American Institute of CPAs' auditing literature into its own literature for state and local government accountants.

The American Institute of CPAs and other organizatons expressed their support for the Securities and Exchange Commission's proposed roadmap for moving to international accounting standards.

The National Association of State Boards of Accountancy is looking into administering the Uniform CPA Examination outside the U.S.

The National Association of Certified Valuation Analysts said that its Certified Valuation Analyst and Accredited Valuation Analyst designations have received certification from the National Organization for Competency Assurance.

The American Institute of CPAs is helping to promote a movie on the financial challenges facing the U.S. today.

The American Institute of CPAs and Texas Tech University's Division of Personal Financial Planning have teamed up to offer a new educational program for gaining the AICPA's Personal Financial Specialist credential.

The American Institute of CPAs has released "Audit Sampling," a newly updated audit guide containing the latest requirements and practices for auditors.

The American Institute of CPAs will hold a workshop next month devoted to retaining and developing women leaders at accounting firms.

More than 70 CPA firms and several state CPA societies are aiming to reverse the shortage of accounting professors at U.S. colleges and universities by providing $15 million to finance the educations of Ph.D candidates.

The American Institute of CPAs has deepened its alliance with the U.S. Small Business Administration, meeting in Washington recently with agency officials to discuss plans for how CPAs can help and advise struggling small business owners.