The American Institute of CPA is teaming up with the Society for Human Resource Management to create a national award that recognizes employers who offer financial education programs for their staff.

The partnership was announced during the Financial Literacy update here during the first day of the Institute’s Spring Council meeting.

The AICPA and SHRM, which represents 250,000 human resources professionals in 140 countries, will begin accepting applications for the award later in 2010. All employers—corporate, not-for-profit, government and academic—will be eligible for a Workplace Financial Education Award.

“In a time of economic stress, a comprehensive financial-education program is an employee benefit,” said Jordan Amin, chairman of the Financial Literacy Commission at the AICPA. “The AICPA and SHRM want to honor those employers who have implemented interesting and creative programs. We hope this effort will encourage more employers to offer their staff financial education.”

Also during the update, Amin and immediate past Financial Literacy Commission chairman Carl George gave Council members more than a handful of reasons why CPAs are leaders in financial literacy and talked about the successes of the campaign which was launched in 2004.

He said the Institute’s 360 Degrees of Financial Literacy Web site has seen more than 125,000 visitors per month and that 54 states societies have participated in the campaign in some way, which has grown from only nine when the campaign first started.

“Not only is our financial literacy initiatives successful because of our membership and state societies but there is another reason and that’s the commitment and support and dedication of the members of council, our board, and our management team,” George said. “We thank you very much.”

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access