American Institute of Certified Public Accountants

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American Institute of Certified Public Accountants

A professional organization for accountants. In addition to operating the Certified Public Accountant exam, it sets ethical standards and some professional standards, especially for accountants working as individuals and for privately held companies. Until the 1970s, they maintained the Generally Accepted Accounting Practices. It traces its history to the late 19th century and was formally established in 1916.

American Institute of Certified Public Accountants (AICPA)

A professional association for Certified Public Accountants providing guidance to members on accounting techniques and standards. The AICPA determines how financial data are calculated and reported to stockholders.
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Jennings served on the influential American Institute of Accountants' Committee on Auditing Procedure (1946-49) and later as the president of the American Institute of Certified Public Accountants (1957-58).
Montgomery, another former President of the New York State Society of CPAs, the two competing national professional accounting societies at that time-the American Institute of Accountants and the American Society of Certified Public Accountants-would never have merged in the 1930s to become the American Institute of CPAs.
* What the AICPA was called: American Institute of Accountants.
Among those committees were the Trial Board, Committee on Terminology, Committee on Relations with the Bar (Accounting Hall of Fame), and Committee on Cooperation with SEC (American Institute of Accountants 1947, p.
FEI: Plan on Accounting Procedures established to cooperate with American Institute of Accountants.
The Indiana Association of CPAs expanded its statewide reach during the 1920s and 1930s and also strengthened its relations with the American Institute of Accountants, which had steadfastly refused to recognize the accounting certificate issued by the state of Indiana.
This, in large part, was the result of lobbying efforts by the American Bar Association (ABA) and the American Institute of Accountants (the forerunner of the AICPA).
The American Institute of Accountants (now the AICPA) sold copies of this book to CPA candidates for $2.
With this was coupled a charge that the officials of these firms dominated the New York State Society of Certified Public Accountants and the American Institute of Accountants which resulted in a too lenient interpretation by the Association of principles which should be applied to all accountancy activity.
The organization, "The Institute of Accountants and Bookkeepers of the City of New York," whose name was officially changed in 1886 to "Institute of Accounts," should not be confused with the American Institute of Accountants which was the predecessor of the AICPA.
Their study does not address when this shift occurred; however, the transition is apparent in discourse in the American Institute of Accountants' (AIA) official magazine, the Journal of Accountancy (JA), in the 1930s.
Lord received her CPA certificate from New York in 1934 and in 1935 joined the American Society of Certified Public Accountants, which merged with the American Institute of Accountants (later AICPA) the following year.

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