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 ...

    A prominent publication put out annually by the American Institute ...
  2. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
  3. Accountant

    An accountant is a professional who performs accounting functions ...
  4. Accountants' Index

    A list of articles and books of interest to accounting professionals ...
  5. Accounting Research Bulletins - ...

    Bulletins containing recommended accounting procedures for the ...
  6. Accounting Principles Board - APB

    The Accounting Principles Board is the prior authoritative body ...
Related Articles
  1. Insights

    Finding the Right Accounting Certification

    Are you deciding on developing a career in accounting? Having an accounting certification may be the boost your career needs. Find out the right certificate for you.
  2. Insights

    A Look At Accounting Careers

    More than just crunching numbers, this career blends detective work with trouble shooting.
  3. Financial Advisor

    CPA, CFA Or CFP® - Pick Your Abbreviation Carefully

    A couple of letters can mean a big difference. Find out which designation you need and how to get it.
  4. Personal Finance

    Accountant: Job Description & Average Salary

    Discover what the job description of an accountant entails, along with education and training, salary and skills necessary for success.
  5. 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.
  6. Personal Finance

    What Management Accountants Do

    If you like keeping track of a company's income and expenses but also want to hold a position with significant responsibility and authority, management accounting could be the job for you.
  7. Personal Finance

    How Much Do CPAs Make?

    If you're considering becoming a CPA, here's what you might expect to earn.
  8. Personal Finance

    Financial Advisor Credentials and What They Mean

    Consider your specific financial planning needs when selecting a financial advisor.
  9. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  10. Financial Advisor

    Financial Certifications With The Best ROI

    These certifications will land you a long, profitable career for an affordable price.
RELATED FAQS
  1. What are the objectives of financial accounting?

    Learn about the principle objectives of financial accounting, including the furnishing of the financial statements for those ... Read Answer >>
  2. What are some good online resources for me to learn about Generally Accepted Accounting ...

    Learn about three authoritative online resources for generally accepted accounting principles, or GAAP: the websites for ... Read Answer >>
  3. How does the Financial Accounting Standards Board (FASB) establish accounting protocol?

    Find out how the Financial Accounting Standards Board or FASB, identifies possible financial reporting issues and determines ... Read Answer >>
Hot Definitions
  1. Treasury Yield

    Treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations.
  2. Return on Assets - ROA

    Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets.
  3. Fibonacci Retracement

    A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going ...
  4. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  5. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  6. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
Trading Center