The Institute of Certified Professional Accountant (the Institute) is one of the largest and oldest professional bodies representing a broad spectrum of accountants and provides a powerful voice to help people, businesses and governments around the world achieve their goals. AICPS & CIMA collectively have 689,000 people in membership and are passionate about helping organizations succeed.
The American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) together make up the world’s largest professional accounting society. It has 667,000 affiliated members who work in the areas of auditing and financial reporting; it works in the areas of sustainability and economic growth. Through our membership and activities, the AICPA promotes the global status of Certified Public Accountants (CPAs), CGMAs and accounting and finance professionals.
AICPA members get access to industry thought leaders, CPE that is of high standard, opportunities to work with other organizations, and the opportunity to become a volunteer. If you sign up to be an AICPA member, you are also becoming a member of the Association of International Certified Professional Accountants. This allows you to network with 689,000 accounting and finance professionals worldwide.
In the year 2012, AICTA & CIMA created the Chartered Global Management Accountant (CGMA) to give members access to a broader range of resources and to help them achieve greater recognition.
AICPA provides CPAs with standards for being successful in their business and helping them to become more successful.
The AICPA had a monopoly on setting accounting standards; in fact, the AICPA developed many of the principles that have become widely accepted for CPAs. In 1970, the AICPA handed over responsibility for establishing accounting principles to the newly created Financial Accounting Standards Board (FASB).
AICPA established standards in other areas, including auditing of public and private companies, quality control for CPA firms, and business valuations and planning. AICPA standards in many areas were widely recognized by other CPAs, and many of their activities were routine.
In 2003, after Enron announced its inability to produce reliable fiscal statements and WorldCom’s bankruptcy filing, Congress adopted the Sarbanes-Oxley Act. The CITP was established in 2005.
AICPA members may earn specific professional certifications that recognize their expertise in subject areas. Some programs have supported students and other educators. The AICPA offers several recognized credentials that are like those granted to attorneys who specialize in certain areas of law practice.
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