American Institute of Certified Public Accountants

American Institute of Certified Public Accountants
American Institute of Certified Public Accountants · Public domain · source
Name	American Institute of Certified Public Accountants
Formation	1887
Location	New York City, New York
Region served	United States
Membership	Over 428,000 members

American Institute of Certified Public Accountants is a national organization of Certified Public Accountants (CPAs) in the United States, with over 428,000 members, including National Association of State Boards of Accountancy (NASBA) and Institute of Internal Auditors (IIA) affiliates. The organization was founded in 1887 by a group of accountants, including Charles Waldo Haskins and Elijah Watt Sells, with the goal of promoting the profession and establishing standards for CPAs. The American Institute of Certified Public Accountants works closely with other organizations, such as the Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), and Internal Revenue Service (IRS), to advance the interests of the accounting profession. The organization is headquartered in New York City, New York, and has a strong presence in Washington, D.C., where it interacts with Congress, the White House, and other federal agencies, including the Federal Reserve and the Treasury Department.

● History

The history of the American Institute of Certified Public Accountants dates back to 1887, when it was founded by a group of accountants, including Charles Waldo Haskins and Elijah Watt Sells, who were instrumental in establishing the CPA designation. The organization has a long history of working with other professional organizations, such as the Institute of Management Accountants (IMA) and the Information Systems Audit and Control Association (ISACA), to promote the accounting profession and establish standards for CPAs. The American Institute of Certified Public Accountants has also worked closely with Congress, the White House, and other federal agencies, including the Federal Reserve and the Treasury Department, to shape accounting and auditing standards, such as the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The organization has also interacted with international organizations, such as the International Federation of Accountants (IFAC) and the European Commission, to promote global accounting standards, including the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP).

● Organization

The American Institute of Certified Public Accountants is a national organization with a strong presence in Washington, D.C., where it interacts with Congress, the White House, and other federal agencies, including the Federal Reserve and the Treasury Department. The organization is led by a Board of Directors, which includes prominent CPAs from across the United States, such as Robert Herz and Leslie Seidman, who have served as chairmen of the Financial Accounting Standards Board (FASB). The organization also has a number of committees and task forces, including the Auditing Standards Board (ASB) and the Accounting Standards Executive Committee (AcSEC), which work to establish standards for CPAs and promote the accounting profession, in collaboration with other organizations, such as the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC). The American Institute of Certified Public Accountants also has a number of sections and interest groups, including the Tax Section and the Auditing Section, which provide resources and support for CPAs in specific areas of practice, such as Ernst & Young, Deloitte, and KPMG.

● Certifications

The American Institute of Certified Public Accountants offers a number of certifications for CPAs, including the Certified Information Technology Professional (CITP) and the Certified Forensic Accountant (CFA) designations. The organization also offers a number of specialty credentials, such as the Personal Financial Specialist (PFS) and the Accredited in Business Valuation (ABV) designations, which are recognized by other organizations, such as the National Association of Personal Financial Advisors (NAPFA) and the American Society of Appraisers (ASA). The American Institute of Certified Public Accountants has a number of partnerships with other organizations, including the Institute of Internal Auditors (IIA) and the Information Systems Audit and Control Association (ISACA), to offer joint certifications and credentials, such as the Certified Internal Auditor (CIA) and the Certified Information Systems Auditor (CISA) designations. The organization also works with universities and colleges, such as New York University (NYU) and University of Texas at Austin, to offer educational programs and resources for CPAs.

● Standards

The American Institute of Certified Public Accountants plays a critical role in establishing standards for CPAs, including auditing and accounting standards, such as the Generally Accepted Auditing Standards (GAAS) and the Generally Accepted Accounting Principles (GAAP). The organization works closely with other organizations, such as the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC), to develop and implement standards for CPAs, including the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The American Institute of Certified Public Accountants also has a number of committees and task forces, including the Auditing Standards Board (ASB) and the Accounting Standards Executive Committee (AcSEC), which work to establish standards for CPAs and promote the accounting profession, in collaboration with other organizations, such as the Public Company Accounting Oversight Board (PCAOB) and the International Federation of Accountants (IFAC). The organization also interacts with international organizations, such as the European Commission and the International Accounting Standards Board (IASB), to promote global accounting standards, including the International Financial Reporting Standards (IFRS).

● Advocacy

The American Institute of Certified Public Accountants is a strong advocate for the accounting profession, working to promote the interests of CPAs and advance the profession as a whole. The organization interacts with Congress, the White House, and other federal agencies, including the Federal Reserve and the Treasury Department, to shape accounting and auditing standards, such as the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The American Institute of Certified Public Accountants also works with other organizations, such as the National Association of State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), to promote the accounting profession and establish standards for CPAs. The organization has a number of initiatives and programs, including the CPA Ambassador program and the Accounting Doctoral Scholars program, which aim to promote the accounting profession and attract new talent to the field, in collaboration with other organizations, such as the American Accounting Association (AAA) and the Institute of Management Accountants (IMA).

● Membership

The American Institute of Certified Public Accountants has over 428,000 members, including CPAs from across the United States and around the world. The organization offers a number of benefits and resources for members, including access to Continuing Professional Education (CPE) courses, professional liability insurance, and practice management tools, in collaboration with other organizations, such as the National Association of Enrolled Agents (NAEA) and the American Society of Certified Public Accountants (ASCPA). The American Institute of Certified Public Accountants also has a number of sections and interest groups, including the Tax Section and the Auditing Section, which provide resources and support for CPAs in specific areas of practice, such as Ernst & Young, Deloitte, and KPMG. The organization also offers a number of leadership opportunities for members, including service on committees and task forces, such as the Auditing Standards Board (ASB) and the Accounting Standards Executive Committee (AcSEC), which work to establish standards for CPAs and promote the accounting profession, in collaboration with other organizations, such as the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC). Category:Accounting organizations