AICPA

Each year, the American Institute of CPAs grants the Elijah Watt Sells Award to those CPA candidates who obtained a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, completed testing during the previous calendar year and passed all four sections of the examination on their first attempt.

Technology may be an enormous boon to CPAs, but it also comes with a lot of worries. According to a recent survey conducted by the AICPA, "securing the IT environment" is the top technology priority.

CPAs--and even members of the general public--have been receiving emails claiming to be from the AICPA that say that  the Institute has received complaints about the recipient and as a result their licenses are in immediate danger of being revoked.

Advances in computer testing for the CPA exam have brought about changes in the timing of when the scores are released, according to the AICPA. Starting fourth quarter, 2011, those whose test results are received by the AICPA within the first 20 days of the testing window are expected to get their results 10 business days after the end of day 20 in the testing window, with scores released Nov. 3.

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In a unanimous vote on May 23, the AICPA Council approved a motion to partner with the London-based Chartered Institute of Management Accountants (CIMA) to create a new international management accounting credential, the AICPA announced in a press release.

The AICPA announced today a proposed partnership with the London-based Chartered Institute of Management Accountants (CIMA) that would lead to the creation of a new, as-of-yet unnamed, international management accounting credential.

The holidays have come a little early for CPAs with the news that they are now permanently exempt from the Federal Trade Commission’s (FTC) Red Flags Rule, an act created to thwart identity theft by narrowing the scope of who is considered a ‘creditor,’ reports Accounting Today.

A blue-ribbon panel composed of representatives from the National Association of State Boards of Accountancy (NASBA), the Financial Accounting Foundation (FAF) and the AICPA have, after meeting for the fifth time on Dec. 10, reaffirmed its initial recommendation that there should be a separate standards setting board responsible for private company accounting issues.

The governing council of the AICPA has elected Paul V. Stahlin, 58, who formerly served on the institute’s board of directors as well as numerous committees, to chair the organization for the 2010-2011 year, a decision reached during the council’s fall meeting on Oct. 19.