Associations

The American Institute of CPAs has written to Congress urging lawmakers to repeal the controversial new 1099 information reporting requirements in the health care reform bill.

Approval of a resolution to support the creation of a GAAP model for private companies and a separate standards board, a revamp of the CPA Vision project and the election of the new 2010-2011 chairman highlighted the Fall Meeting of Council of the American Institute of CPAs, here.

CEOs of accounting institutes from around the world met at the World Congress of Accountants in Malaysia, where they discussed the need for companies to report on non-financial results in areas such as social and environmental activities.

An international monitoring group overseeing accounting standard-setters has issued a report that found the International Federation of Accountants has carried out a series of reforms in recent years, but outlined some steps it should pursue in the future.

The International Federation of Accountants has namedformer Arthur Andersen chairman Robert Mednick as the recipient of itsquadrennial Sempier Award.

Six Texas-based CPAs won elections on Tuesday for seats ranging from the U.S. House of Representatives to the Texas Railroad Commission, while other CPAs around the country both won and lost.

Creighton University accounting and law professor Thomas J. Purcell III received the American Institute of CPAs’ 2010 Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation.

October

The U.S. Department of Labor and the American Institute of CPAs have launched an interactive website to help small businesses select a retirement plan suitable for their employees.

On the last day of the American Institute of CPAs Fall Meeting of Council, members elected a new chairman and adopted a resolution supporting the Blue Ribbon Panel on Standard Setting for Private Companies.

Harold Monk Jr. received the American Institute of CPAs’ 2010 Gold Medal Award for Distinguished Service here during the last day of Fall Meeting of Council.

Council members of the American Institute of CPAs spent a majority of their day on Monday listening to visionaries predict the future to prepare them for brainstorming about the next leg of the Institute’s strategic plan.

Aulana Peters, a retired partner with a Los Angeles law firm, received the American Institute of CPAs’ 2010 Medal of Honor.

Renewing its vision is the new theme for the American Institute of CPAs as it gets ready to welcome in a new chair and enter its 125th year as an organization.

Few CPAs are trying to learn or implement International Financial Reporting Standards until the Securities and Exchange Commission decides next year on whether to approve incorporating IFRS into the U.S. financial reporting system, according to a new survey.

The CPA Exam will be offered outside the U.S. for the first time in 2011, as an agreement was reached by the American Institute of CPAs, National Association of State Boards of Accountancy and Prometric, the three organizations that jointly offer the CPA Exam in the United States.

Sunday afternoon proved to be anything but sleepy as the American Institute of CPAs Fall Meeting of Council kicked off the first day with a lively discussion among members of the Blue Ribbon Panel on Standard Setting for Private Companies.

New York State Society of CPAs executive director Joanne S. Barry has been appointed as a member of the AICPA Foundation Board of Trustees.

Members of the American Institute of CPAs have voted by an 81.39 percent majority to modernize the AICPA's admission requirements to allow more people to join the institute, even if they no longer practice accounting or were never practitioners.