American Institute of CPAs (AICPA)

Definition: AICPA offers education on audit standards and supervision options in Certified Public Accountancy (CPA) – the largest examination for private industry and government entities in the world. The AICPA is an independent, full-service accounting and consulting organization serving the needs of companies, owners, and professionals in the public accounting field.

 The AICPA establishes ethical standards for the practice of public accounting in the United States by training and equipping new graduates, continuing education for existing graduates, and publishing ethics materials for the use of all accountants everywhere.

The American Institute of CPAs (AICPA) is one of the largest professional societies for accounting. Founded in 1934 and headquartered in Washington D.C., it encourages and facilitates communication among members regarding matters of common concern. Through its legislative activities, media programs, educational initiatives, and service to the public, the AICPA seeks to improve the quality of public accounting practice in the United States. 

The American Institute of Certified Public Accountants, or AICPA, is the state and local public accounting education and training governing body. It provides continuing legal education to eligible individuals for legal services through their employer or independent practice following graduation from an accredited program. The primary function of AICPA is to ensure that businesses and individuals follow generally accepted accounting principles (GAAP) to maximize profitability and overall financial responsibility.

The mission of the AICPA is to increase the recognition and trust of government clients in the accounting profession by advancing quality education, engaging in innovative research, promoting best practices, engaging in client service efforts, and enhancing public understanding of accounting by providing support and services on issues of importance to clients, employees, and society. It has over 93,000 members and claims membership from over 400,000 private practice attorneys, actuaries, and professional liability insurance agents throughout the United States. The AICPA promotes educational excellence, ethical conduct, and public awareness of problems associated with CPAs to encourage self-reliance, responsible practice, and beneficiary service to society.

The core activities of the American Institute of CPAs include

  • Developing standards, 
  • Disseminating information about the profession, 
  • Representing clients’ interests and enhancing the public image of lawyers through research and analysis of legal issues. 
  • The AICPA produces an annual certification of compliance which is an important tool for industry members.

The AICPA strives to be an innovative organization that will continue to push the boundaries of business practices within the public sector by providing an influential forum to share knowledge, professional development, information, and initiatives that enhance public accounting service and public accounting quality profession.