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American Institute Of Certified Public Accountants And The Important Role That It Plays

The American Institute of Certified Public Accountants (AICPA) is one of the biggest accounting bodies in the world today. It is based in America (USA). It has more than 360,000 members across the world that includes the CPAs working in different domains like public practice, business and industry, and education. It also has a large number of student affiliates and international affiliates. Some of the prime cities where its has its offices are Washington DC, New York City, Durham, NC; Lewisville, TX; and Ewing, NJ.

The organization has a history that dates back to the year 1887. The current form and shape of the organization was adopted in the year 1936. The main agenda of the American Institute of Certified Public Accountants is to provide its members with the relevant information, resources as well as leadership in order to embolden them to provide the high levels of services to the public, employers as well as clients. In order to perform at its best the organization works closely with the various state organizations with the main aim of providing the best services to the states where the dependence on the CPAs is very big.

Some of the duties that American Institute of Certified Public Accountants performs are:

  1. It creates the standards for auditing as well as other services that are provided by the CPAs
  1. Provides the educational guidance to the members
  1. It develops as well as grades the Uniform CPA examination
  1. It also monitors as well as enforces the compliance with the profession’s technical as well as ethical standards
  1. The body is the national face of accountancy and deals with the rule making, public interest groups, state CPA societies and other professional organizations.
The very foundation of American Institute of Certified Public Accountants established the accounting as a profession that is distinguished by the rigorous educational requirements, a strict code of professional ethics, a licensing status, and a stead fast commitment to serve in public interest.