American Institute of Public Accountants (AICPA) - Explained
What is the AICPA?
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What is the American Institute of Certified Public Accountants?
Founded in 1887, the American Institute of Certified Public Accountants (AICPA) is the non-profit organization of certified public accountants in the country. Initially, called the American Association of Public Accountants, the organization was created to ensure that accountancy was referred to as a profession and practiced by qualified personnel. With more than 370,000 members, the AICPA provides valuable resources, training, and certifications to provide the best possible CPA services in the best form.
What does the American Certified Public Accountants Do?
This association has offices in Washington D.C., New York City., Durham, N.C., New Jersey, and Texas. It members usually work in the business industry, government institutions, public practices, and in the education sector. This association serves as a patron for legislative groups and public interest bodies related to the CPA profession. It also sets a standard of operation, which all members are to adhere by. For a practitioner to be a Certified Public Accountant, he or she is required to pass a series of test and accountancy-related examinations as well as meet other experience requirements set by the association. Knowing that the accounting industry is self-regulated, the AICPA sets golden standards for gaining this certification as well as make sure that each member is acting competently and under guidelines in their respective workplaces.