The rivalry continued until 1937, when the ASCPA merged with the AIA. In 1957, the AIA became the American Institute of Certified Public Accountants (AICPA).
The AICPA's Accounting Standards Executive Committee (AcSEC), which works closely with the FASB and its staff, is the senior technical committee of the AICPA authorized to set accounting standards and to speak for the AICPA
it can be used to be teacher
The FASB has the authority to establish GAAPs but has no authority to enforce its standards. The SEC and the AICPA are the organizations that provide the enforcement mechanism.
In the 1880s two competing organizations, the Institute of Accounts and the American Association of Public Accounts--the predecessor to the current American Institute of Certified Public Accountants (AICPA)--were issuing certificates
Category B consists of (1) FASB Technical Bulletins and, if cleared by the FASB, (2) AICPA Statements of Position and (3) AICPA Industry Audit and Accounting Guides.
NASBA's committees consult with professional organizations, including the American Institute of Certified Public Accountants (AICPA), the National Society of Accountants, and the American Accounting Association
Accounting is the art of recording, classifying and summarising in a significant manner and in there of many transaction and events which are part at least of financial character and interpreting the results there of.
Category A consists of the following officially established accounting principles: (1) FASB Statements of Financial Accounting Standards, (2) FASB Interpretations, (3) APB Opinions, and (4) AICPA Accounting Research Bulletins.
The AICPA has provided this service since 1917.
The AICPA houses the nation's most extensive accounting library and publishes numerous volumes of technical standards and topical publications.
Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof."
The AICPA is a national professional society founded in 1887. The majority of AICPA members (350,000 in 2005) are licensed CPAs, with some limited specialty categories for non-CPAs.