AICPA NATIONAL ISSUES


Technological Advances Paying Off for AICPA and Members Jan 2012

In November, the AICPA ran a webcast for members that centered on government auditing. While the material covered was of critical importance, the scope of it did not necessarily warrant a day-long training session. Only a few years ago, the course would have required a longer length, but today it would only require two hours time.

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Addressing the Needs of Private-Sector Companies Oct 2011

This summer, the Rhode Island Society of CPAs, along with 32 other state CPA organizations formally urged the Financial Accounting Foundation (FAF) to create a new board to draft differential standards in order to address the needs of the private-company sector.

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AICPA Goes Global, Joining with CIMA to Create International Management Accounting Designation Jul 2011

The approval of a joint venture between the American Institute of Certified Public Accountants (AICPA) and the London-based Chartered Institute of Management Accountants (CIMA)designed to give management accountancy a higher profile in the United States.

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AICPA Finds Valuable Resource in RISCPA Apr 2011

When there is legislation of consequence to the accounting profession being debated on Capitol Hill, the American Institute of CPAs (AICPA) knows that in Rhode Island it has a tireless partner with political savvy.

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Change to Private Company Reporting Standards on Horizon Jan 2011

The Financial Accounting Foundation is poised to shake up the standard-setting model for privately held companies in 2011, as it moves toward adopting an advisory board recommendation to create a separate board to oversee U.S. GAAP (Generally Accepted Accounting Principles) that include exemptions for private firms.

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