What is the 'American Institute Of Certified Public Accountants'

The American Institute Of Certified Public Accountants (AICPA) is the non-profit professional organization of certified public accountants in the United States. The American Institute of Certified Public Accountants was founded in 1887, under the name American Association of Public Accountants, in order to ensure that accountancy gained respect as a profession and that it was practiced by ethical, competent professionals. The AICPA exists to provide more than 370,000 members with the resources, information, and leadership to provide CPA services in the highest professional manner.

BREAKING DOWN 'American Institute Of Certified Public Accountants'

Members of the American Institute of Certified Public Accountants represent professionals in business and industry, public practice, government and education. Offices are located in New York City; Washington, D.C.; Durham, N.C.; Ewing, N.J.; and Lewisville, Texas. The AICPA is integral to rule-making and standard-setting in the CPA profession, and serves as an advocate for legislative bodies and public interest groups.

Certified Public Accountant is a designation earned by accounting professionals who pass a series of accounting exams and satisfy other experience requirements. The accounting industry is largely self-regulated, such as other industries like financial planning. The AICPA sets standards for obtaining and maintaining the CPA designation and oversees CPA practitioners to make sure they are meeting competence and performance standards.

RELATED TERMS
  1. Accounting Trends and Techniques ...

    Accounting Trends and Techniques are prominent publications put ...
  2. Auditing Standards Board (ASB)

    The Auditing Standards Board (ASB), part of the AICPA, issues ...
  3. Accounting Standards Executive ...

    Accounting Standards Executive Committee belongs to the Institute ...
  4. Hierarchy Of GAAP

    The Hierarchy of GAAP refers to a four-level framework that classifies ...
  5. Canadian Institute Of Chartered ...

    The Canadian Institute Of Chartered Accountants is a non-profit ...
  6. Metcalf Report

    The Metcalfe report was a critical report on the U.S. accounting ...
Related Articles
  1. Financial Advisor

    How To Become A CPA

    If you've ever wondered what it takes to earn the CPA designation, here's your answer. Be prepared for lots of studying and lots of testing.
  2. Personal Finance

    The CPA Exam: What You Need to Know

    Interested in becoming a certified public accountant? What you need to know for the CPA exam.
  3. Financial Advisor

    The Top 3 Financial Advisor Credentials

    An overview of the top three credentials for financial advisors and what they require.
  4. Financial Advisor

    Designations For The Buy Side

    For those interested in picking securities and financial planning, these certifications could be just what your buy-side financial career needs.
  5. Insights

    Uncovering A Career In Forensic Accounting

    Does a job as a financial sleuth sound interesting to you? Dig in to learn more.
  6. Retirement

    Designations No Retirement Planner Should Be Without

    Advance your career and gain clientele by adding a few choice certifications.
  7. Personal Finance

    Career advice: Accountant versus controller

    Learn about the differences between controllers and accountants, how the two are related and which is the best career choice for aspiring bookkeepers.
  8. Financial Advisor

    Top 4 Most Competitive Financial Careers

    If your goals include a big paycheck and working for a Wall Street firm, then you need to learn how to meet employers' expectations.
RELATED FAQS
  1. What is the difference between a compiled and a certified financial statement?

    All publicly-traded companies are required to provide financial statements, including a balance sheet, cash flow statement ... Read Answer >>
Trading Center