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CPA Advocate And Other Information About CPA

The CPA Advocate

The CPA Advocate:Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. In the United States, the CPA is a license to provide accounting services directly to the public. It is awarded by each of the 50 states for practice in that state. Additionally, almost every state (49 out of 50) has passed mobility laws in order to allow practice in their state by CPAs from other states. Although state licensing requirements vary, the minimum standard requirements include the passing of the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting related experience.

Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or have requested to be converted to inactive status are in many states permitted to use the designation “CPA Inactive” or an equivalent phrase. In most U.S. states, only CPAs are legally able to provide to the public attestation (including auditing) opinions on financial statements. Many CPAs are members of the American Institute of Certified Public Accountants and their state CPA society.

State laws vary widely regarding whether a non-CPA is even allowed to use the title accountant. To illustrate, Texas prohibits the use of the designations “accountant” and “auditor” by a person not certified as a Texas CPA, unless that person is a CPA in another state, is a non-resident of Texas, and otherwise meets the requirements for practice in Texas by out-of-state CPA firms and practitioners.

OVERVIEW

The AICPA’s advocacy e-The CPA Advocate, The CPA Advocate, is dedicated to keeping you informed about the AICPA’s advocacy efforts on your behalf. Watch for it in your inbox.
Published on May 18, 2017

Archived Articles 2011

OverviewFind 2011 archived articles from the AICPA’s advocacy The CPA Advocate, The CPA Advocate.
Published on March 19, 2014

Fight to Win Independent Standard Setting Board for Private Company Financial Reporting Will Continue

 The CPA Advocate: October, 2011.  The Financial Accounting Foundation’s proposal, Plan to Establish the Private Company Standards Improvement Council, rejected one of the two major recommendations of the Blue Ribbon Panel on Standard Setting for Private Companies.
Published on October 13, 2011

AICPA Supports Repeal of 3 Percent Withholding Requirement

  The CPA Advocate: October, 2011.  The AICPA supported repeal of the 3 percent withholding law in a letter to House Ways and Means Committee members on Oct. 10.  The AICPA said it “strongly supports” H.R. 674.
Published on October 13, 2011

AICPA & NASBA Boards Approve UAA Changes Governing Firm Names

The CPA Advocate: October, 2011. The revisions provide guidance to firms and state boards of accountancy on what firm names are and are not misleading; network names are allowed in certain circumstances.
Published on October 13, 2011

XBRL Gains Interest in New Legislative Proposals

 The AICPA has long supported the use of extensible Business Reporting Language, or interactive data, in financial reporting.  Several bills introduced recently in Congress are encouraging use of XBRL by federal agencies and recipients of federal funds.
Published on October 13, 2011

D.C. CPA Mobility Bill Advances

The CPA Advocate: October, 2011.  The D.C. Council’s approval of mobility legislation on Sept. 20, 2011 means CPAs with valid licenses in other states could be granted practice privileges in D.C. in 2012.
Published on October 13, 2011

AICPA Continues Push to Reduce Amount of Data Small Businesses Must Turn Over to IRS during an Examination

The CPA Advocate: October, 2011.  The AICPA hosted a meeting with senior IRS officials and accounting software developers to find ways to minimize the amount of data small businesses must send to the IRS during an exam as part of its accounting software file.
Published on October 13, 2011

Professions Advocacy Scores President Signs Law Protecting Taxpayers

The CPA Advocate: October, 2011.  For more than five years, the AICPA and state CPA societies fought to end the patenting of tax strategies. On Sept. 16, when President Barack Obama signed the Leahy-Smith America Invents Act into law, they won their battle.
Published on October 13, 2011

Fingerprinting too Costly and Burdensome Should Not be Only Option for Background Checks of Supervised Employees, AICPA

The CPA Advocate: October, 2011.  The IRS should allow CPA firms to use consumer reporting agencies to screen “supervised employees” instead of using just a fingerprint test, as proposed by the IRS.
Published on October 13, 2011

AICPA Member Survey Leads to Retention of High-Low Method

The CPA Advocate: October, 2011.  The IRS reversed its decision to eliminate a certain method used for substantiating lodging, meal and incidental expenses after the AICPA provided results of a member survey that showed the method was still in favor.
Published on October 13, 2011

AICPA Supports New Law with Groundbreaking XBRL Reporting Requirement

The CPA Advocate: October, 2011.  For the first time, a law signed Sept. 30 will require states to report to a federal agency how they spend federal dollars using nonproprietary standards such as XBRL.
Published on October 13, 2011

Hurricane Irene Extend Tax Filing Deadlines for Areas Affected by Storm

The CPA Advocate: September, 2011.  The AICPA asked the IRS to extend tax filing deadlines for business returns where the taxpayers or tax return preparers are in areas affected by Hurricane Irene.
Published on September 08, 2011

AICPA Recommendation for SEC Optional Adoption of IFRS by U.S. Public Companies

The CPA Advocate: September, 2011.  AICPA recommended to the SEC that U.S. public companies be allowed the option of adopting IFRS.
Published on September 08, 2011

AICPA Supports IRS Tax Return Preparer Program at Congressional Hearing

The CPA Advocate: September, 2011.  AICPA supports the IRS’s program, as it is currently structured, to regulate tax return preparers, Patricia Thompson, chair of the AICPA Tax Executive Committee, testified at July 28 Congressional hearing.
Published on September 08, 2011

The CPA Advocate

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