AICPA – American Institute Certified Public Accountants
American Institute Certified Public Accountants – The American Institute of Certified Public Accountants (AICPA) is the national or federal professional institution for Certified Public Accountants (CPAs) in the United States.
The AICPA aims to promote the public interest, empower CPAs, Chartered Global Management Accountants (CGMAs), and other professionals with specialized accounting expertise, and strengthen the global economy.
As a result of the AICPA’s founding in 1887, the accounting profession is now recognized as one with distinct educational requirements, high professional standards, a strong code of professional ethics, licensing status, and a dedication to serving the public good.
The AICPA plays a critical role in regulating the accounting industry, establishing its standards, and representing the profession’s interests before the government and public bodies.
Also, the AICPA serves its 428,000+ members in 130 countries by providing them with the tools, guidance, and support they need to render competent and ethical CPA services.
To fuel opportunity, trust, and prosperity for individuals, businesses, and economies globally, the Association of International Certified Professional Accountants (the Association) has combined the best features of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA).
What are the Fundamental Principles of the AICPA?
The AICPA Code of Professional Conduct is comprised of six guiding principles, which include:
- Scope and nature of services,
- Public interest,
- Objectivity and independence,
- Responsibilities,
- Due care,
- Integrity.
What are the Requirements to Become a Member of the AICPA?
To accommodate the wide variety of CPAs and their work, the AICPA provides many membership tiers.
Being a member of the AICPA opens doors to lobbying, volunteerism, partner offerings, and Continuing Professional Education (CPE) of the highest quality.
Also, by joining the AICPA, you automatically become a member of the Association of International Certified Professional Accountants, giving you access to a network of over 689,000 accounting and finance experts worldwide and a significant boost to your professional profile.
Additionally, click here to explore the AICPA membership criteria in greater detail and tap here to view AICPA contact information.
How to Become a CPA
Becoming a Certified Public Accountant (CPA) is not always easy, but it leads to significant payoffs for those willing to put in the effort.
In addition, The American Institute of Certified Public Accountants (AICPA) educates and empowers students and CPA candidates to achieve their professional and personal goals. Click here to explore the criteria for becoming a CPA in greater detail.
What is the Salary of a CPA in the USA?
The average pay for a newly qualified CPA in the United States is $66,000, according to a poll by the Association of International Certified Public Accountants (AICPA).
While entry-level CPAs in the United States can expect to earn around $119k per year, those with more than 20 years of expertise can expect to earn upwards of $160k.
Lastly, in areas such as professional ethics, business valuation, auditing of financial statements, attest services, and quality assurance or control for CPA firms, the AICPA continues to play a leading role in creating standards.
Also see: Top Online Accounting Degree AACSB Accredited Colleges
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