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State Board Report

June 2013

The American Institute of Certified Public Accountants has been given the okay to award outside the United States its credentials in Accredited Business Valuation (ABV), Certified Financial Forensics (CFF), Personal Financial Specialist (PFS) and Certified Information Technology Professional (CITP). The AICPA Council voted approval of this plan on May 20. The plan calls for awarding these credentials through non-U.S. accounting bodies and individuals obtaining those credentials would need to remain members in good standing with the awarding bodies.

Initially the AICPA is exploring making the specialty credentials available through the Chartered Institute of Management Accountants. The AICPA is also considering entering into a pilot program with the Chartered Professional Accountants of Canada that would focus on specialties in forensics and IT. AICPA Senior Vice President Anthony Pugliese announced that the idea is to develop credentials that are recognized throughout North America.

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