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Business Profile: American Institute of CPAs

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Business Name:American Institute of CPAs
Website:http://www.aicpa.org/
Description:The American Institute of Certified Public Accountants is a national association for the accounting industry where part of its mission is to provide accounting professionals with uniform certification and licensing standards, establishing professional standards, and enforcing current requirements.
Phone Number:888-777-7077
Address:American Institute of Certified Public Accountants
1211 Avenue of the Americas
New York, NY 10036-8775
Detailed Description:With over 350,000 CPA members (in 2005), the American Institute of Certified Public Accountants (AICPA) is the largest CPA professional organization in the United States of America. Approximately 40% of its members are engaged in the practice of public accounting, in areas such as auditing, accounting, taxation, general business consulting, business valuation, personal financial planning and business technology. The majority (60%) of its members are CPAs who work in industry, government and education. However, because of the Institute's major role in self-regulation of most practicing CPAs, a large part of the Institute's resources are devoted to this function and to related programs to help CPAs maintain professional competence. The two most visible CPA practice functions are tax practice and the independent audits and similar services related to financial statements of all types of entities. Only CPAs and a now dwindling number of "grandfathered-in" non-CPA accountants are permitted to perform this audit function. The Institute's overriding role is to promote and enhance the profession of accounting. To accomplish this, it has a variety of functions, which include: providing group member benefits; preparing the Uniform CPA Examination; developing CPA professional standards; providing technical support to CPA members in many areas of practice; operating the profession's public relations programs; providing support to the academic community and representing the profession before Congress and federal agencies.
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Listed In:Accounting: Organizations
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Date Added:August 20, 2006 02:04:34 AM