ASCPA Student Education Fund Scholarship Campaign

To learn more about the Student Education Fund, please click here.

AICPA IFRS Resources

Mobility Legislation

Recognize an Accounting Educator for Excellence in Teaching

Nominate an accounting educator for the prestigious AICPA Distinguished Achievement in Accounting Education Award.  The award is designed to recognize full-time college accounting educators distinguished for excellence in teaching and for national prominence in the accounting profession. Access more information and a nomination form.

AICPA Warns Congress Pension Problems Caused by Credit Crunch Need to be Addressed

The AICPA and more than 300 other businesses and non-profit organizations sent letters to four House and Senate committees warning that the “drop in the value of pension plan assets coupled with the current credit crunch has placed defined benefit plan sponsors in an untenable position.” The identical letters to the House Ways and Means Committee, Senate Finance Committee, House Education and Labor Committee and Senate Health, Education, Labor, and Pensions Committee urged lawmakers to modify pension plan funding rules to avoid increased unemployment and a slower economic recovery. The letters said technical corrections to the Pension Protection Act of 2006 could be made that would reflect Congressional intent, permit full smoothing of unexpected losses and allow sufficient time to transition to the law’s target of 100% funding for pension plans. 

AICPA Offers Americans Financial Advice on Job Loss

Get tips on managing personal finances in the event of a job loss from CPAs serving on the AICPA’s National CPA Financial Literacy Commission.  Read the tips. 

Ernest Almonte Elected Chairman of the AICPA

Ernest Almonte, auditor general of the State of Rhode Island, is the first government official to be elected to serve in the one-year term. Read the full text of his acceptance speech, or watch a video where he discusses the CPA profession in today’s economic environment.

Technical Question and Answer Issued on Liquidity Restrictions

AICPA staff has issued a new nonauthoritative Technical Practice Aid (TPA) addressing the potential accounting and auditing implications when a fund or its trustee imposes restrictions on a nongovernmental entity's ability to withdraw its balance in a money market fund or other short-term investment vehicle. The TPA covers balance sheet classification, disclosures, debt covenants, subsequent events and going-concern considerations, among other things.