The American Institute of CPAs announced that it recently enrolled its 400,000th member.
The institute is the largest membership organization for accountants. Its rolls have grown 13 percent in the past decade, and 25 percent in the past two.
“We’ve come a long way since the early days of the 20th century, when the AICPA had just a little more than a thousand members,” said president and CEO Barry Melancon, CPA, CGMA. “I’m particularly proud of the growth we’ve seen in the past seven years, a challenging period for many professional organizations because of the economic downturn. Hitting the 400,000-member mark is a testament to the multifaceted services offered by the AICPA and its commitment to the public interest, and it’s also a reflection of the high regard in which the CPA credential is held in today’s complex world.”
Member No. 400,000 is Jennifer Highsmith, a 27-year-old senior audit associate with accounting firm Johnson Lambert in Florida. She will receive a special certificate noting her status in October, and has been invited to the Fall Meeting of AICPA Council.
2014 undergraduate competition
Separately, the institute announced the beginning of the enrollment period for its 2014 Accounting Competition, which pits teams of undergraduates against other in a fictional client scenario. This year’s scenario will focus on management accounting.
The competition is open to currently enrolled undergraduate students at two-year and four-year colleges, community colleges, and universities in the U.S. and various territories. Students compete in teams of three or four, and each team can also have an advisor from faculty or a local CPA firm.
Teams have until 11:59 am ET on September 29t to submit entries. First-round submissions will be evaluated to determine 15 semi-finalists, who will then compete for three final spots and awards that total $40,000.
More details are available here.