Academic journal article Journal of Accountancy

Ballot Measure Would Modernize and Align AICPA Membership Admission Requirements with UAA Guidelines

Academic journal article Journal of Accountancy

Ballot Measure Would Modernize and Align AICPA Membership Admission Requirements with UAA Guidelines

Article excerpt

[ILLUSTRATION OMITTED]

The AICPA Council unanimously voted in May 2010 to ballot AICPA members on a proposed change to update the requirements for Institute membership. This change is a part of the first major comprehensive review of membership requirements since the 1950s. The ballot measure, if approved, would make it possible for individuals who currently hold or at one time held a valid CPA certificate to join the AICPA as voting members.

Further, it would use the requirements for certification laid out in the Uniform Accountancy Act as the criteria for admission as a voting member of the AICPA. If approved, individuals who passed the CPA exam and met the education and experience requirements detailed in the UAA but did not become certified or licensed in their state could become AICPA voting members. It would not change the fact that such individuals could not hold out as CPAs, in accordance with their state board's requirements.

"It is important to note that the AICPA's governing Council of 260 members from every type of background and every state voted at the May 2010 spring Council meeting to move this amendment forward," said AICPA President and CEO Barry Melancon. "Many members may not be familiar with the Uniform Accountancy Act, but it is the regulatory basis of our efforts to create uniformity among state accountancy laws and was also the basis of our tremendous success with NASBA (the National Association of State Boards of Accountancy), state societies and state boards as we've created momentum now in 47 states for CPA mobility." [Mobility is the ability for a CPA to gain a practice privilege outside of the CPA's home state without having to notify the state board of accountancy in another jurisdiction.]

The measure seeks to reconcile the requirements for voting membership with the profession's current membership composition, the market's expectations and the various ways that CPAs can enter and work in the profession.

One goal of the proposed change is to provide membership participation for accounting professionals who work in the corporate and nonprofit sectors, where an active license is generally not required. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.