Why Is the CPA Exam Testing IFRS If Even the AICPA Says We Won’t Use It For at Least Five Years?
Speaking at the AICPA EDGE Conference in Orlando last week, the AICPA's Greg Anton said while the AICPA supports giving US companies the option to use IFRS to prepare their financial statements and would like to see one set of accounting standards, the "absolute soonest" IFRS will be seen in the US will be five […]
Get Your Dancing Shoes, It’s AICPA Council Week
It's that time of year again when lobbyists dust off their agendas and head to Washington to represent the voice of America's CPAs and their clients for the spring meeting of AICPA Governing Council. Once again I'll be covering the festivities however since hardly any of you actually care about legislative news or anything serious […]
It’s Time For a Shake Up in AICPA Leadership
You may not know this but AICPA leadership consists mostly of the same old white guys; a complaint you hear often, not something I made up just now. I don't personally have any issues with those old white guys and actually like some of them but it's worth noting that AICPA leadership could use a […]
CPAs Still Have a Leg Up on Computers, Smartphones Says Leader of CPAs
New AICPA Chairman Greg Anton doesn’t want you to worry; you’re all still very useful.
In his acceptance speech, Anton detailed the many ways technology is changing the profession. Automation has transformed the way financial information is collected, processed and presented, but a CPA’s value continues to lie in his or her ability to solve problems and identify opportunities for clients and employers, he said.
“As CPAs, we can decipher, disseminate and manage knowledge,” said AICPA Chairman Greg Anton. “This is what a computer or smartphone cannot do.”