2. BRIEF INTRODUCTION
AICPA is one of the national professional
organisation of CPA’s (Certified Public Accounting)
in the United States, since 1887.
The organisation is fully focused on the sets of ethical
standards for professional and auditing.
It is integral to rule making and standard setting in
CPA profession
AICPA serves as an advocate for legislative bodies
and public interest groups.
AICPA is the first organisation to create the original
financial accounting standards under GAAP
3. MISSION AND HISTORY
Mission
It aims in Powering the Global business, CPA’s, CGMA’s and speciality credentials with evolving
public interest.
It aims in prioritising the publicrelationsbased on the CPA skills which is significant
More than 2000 volunteerscontribute to theAICPA’s fulling its mission
History
AICPS was founded in 1887
AICPA presents the CPA professionally and nationally regarding rule making and standardised
settings.
The AICPA develops the standardsfor audits and private companies and other services
Today, we will find more than 4, 31, 000 members ofAICPA in 130 countries.
4. IMPORTANCE OFAICPA
AICPA is useful in rule making and standard
setting in the CPA profession.
It serves as a legislative bodies with public
interest groups
The forerunners of AICPA have a history back
in 1887 and it was known as AAPA (American
Association of Public Accountant)
5. PURPOSE AND USE OFAICPA
The AICPA develops the standard for audit of
private companies and other services by CPA’s
(Certification of Pubic accounting )
It provides educational guiding materials to its
members
Develops and grades the uniform CPA
examination
It also monitors and enforces the compliance
with the help of professions, technical and
ethical clients.
6. CAREER OPTIONS
Once you become a licence CPA you will have the ability to
choose specialization.
Audit: Doing a detective work of investigating whether the
companies are operatingethically.
Financial Forensics: Working inside and outside, the
courtroom by investigating the cases of corporate foreign
bankruptcy.
Information technologies: Using technologies to solve
business problemsand improving efficiencies.
Business valuation: Determining the true value of company
in advance of mergers and acquisitions.
