What is the US Institute of Certified Public Accountants?

The American Institute of Certified Public Accountants (AICPA) founded in 1887 and was originally appointed by the American Public Accountant Association. AICPA consists of more than 360,000 members of the voluntary certified public accountant (CPA) and is the largest association for CPA. Its CPA members work in almost every profession sector, including government, public accounting, education, business and industry. The organization is dealing with problems in the national level accounting profession.

The mission of the US Institute of Certified Public Accountants is to educate and provide the management of the CPA community to better serve consumers. The CPA with the knowledge, support and leadership of the national organization is generally better able to satisfy the needs of their clients. The organization emphasizes professionalism and integrity within the CPA profession and at the same time maintains high standards for certified public accountants. Serves as a national advocate CPA and PIt provides representation of government and other organizations. AICPA also communicates with the general public about the profession of CPA. AICPA recruitment and educational activities focus on creating interest in professions as a career choice. The organization also offers courses allowing members to achieve the required 120 hours of further education every three years.

The field of regulation is another aspect covered by the US Institute of Certified Public Accountants. Before its creation in 1887 there was a small definition of the role and requirements of CPA. AICPA seeks to set the standards of certification and licenses to increase the credibility and performance of CPA. The organization sets standards for Profession and monitors the performance of CPA to ensure that standards are met.

Each state processes its own licensing CPA, but individuals must undergo a uniform CPA exam, created and evaluated by AICPA. States also have their own CPA associations thatThey are separated from the US Institute of Certified Public Accountants. AICPA supports CPA state companies through initiatives relevant to national, regional or individual level.

AICPA also cooperates with other regulatory councils and organizations, including the Council for Financial Accounting Standards (FASB) and Council for Government Accounting Standards (GASB). Together FASB and GASB have set the generally accepted accounting principles that control the accounting fields. The US Institute of Certified Public Accountants offers technical support and instructions to support generally accepted accounting principles.

The organization also dates back to the American accounting profession. Aicpaje founding member of the International Accounting and Global Accounting Alliance. Also, the Council for International Accounting Standards, which regulates financial reporting, includes members of AICPA.