AICPA Clarifies AICPA for Boards

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American Institute of Certified Public Accountants Executive Vice President Susan Coffey answered many of the questions raised by 46 Boards of Accountancy in response to a survey conducted by NASBA’s Reorganization Impact Task Force (RITF), chaired by John F. Dailey, Jr. (NJ). Ms. Coffey stressed that when someone sees the initials AICPA that refers to the American Institute of Certified Public Accountants, and not to the Association of International Certified Professional Accountants which is a joint undertaking of the AICPA and the Chartered Institute of Management Accountants (CIMA). “CIMA and AICPA are still legal entities with their own boards of directors. The Association houses our shared operations,” she explained.

“AICPA never refers to the Association,” Ms. Coffey stressed. “We will launch some new branding this summer.” The rebranding will be a gradual process that she estimates will be concluded in the fall. Executive Directors Committee Chair Randall Ross (OK) asked: “Who owns the Uniform CPA Examination?” Ms. Coffey assured him it is the American Institute of CPAs that is the owner of the intellectual property which is of concern to the State Boards. This includes the peer review program, technical standards, all Uniform CPA Examination-related activities, professional ethics-related materials, CPE certificates and copyrights.

Mr. Dailey said the RITF was “appreciative of the cooperation from the AICPA.” He advised the State Boards to contact NASBA Executive Vice President Colleen Conrad if they have any additional questions to bring to the Institute.