PCPS Celebrates 25th Anniversary

 

Las Vegas (June 5, 2002) -- PCPS, the alliance for CPA firms within the American Institute of CPAs, marked its 25th anniversary with a celebration at the Guggenheim Museum in Las Vegas.

 

PCPS held a celebratory reception Tuesday for representatives of its 6,100 member firms and past committee chairs in conjunction with the AICPA's annual Practitioner's Symposium at the Bellagio Hotel.

 

PCPS was founded in 1977 to establish a voluntary quality assurance program within the AICPA. Peer Review, which was implemented in 1987, eventually became a requirement for all CPA firms in public practice. More than 60 percent of the AICPA members in public practice work in PCPS member firms, which employ almost 80,000 CPAs and a total of 176,000 professional staff, according to the AICPA.

 

"From representing our interests with standards setters to providing invaluable practice management resources, our investment in PCPS membership has returned great benefits," AICPA chair James Castellano remarked.

 

Recent PCPS programs include a post-Enron toolkit for managing partners, a study on retaining key staff and a handbook on audit efficiency. In addition, PCPS acts through its two key committees, the Management of an Accounting Practice Committee, which provides practice management answers for local and regional firms, and the Technical Issues Committee, which acts as a voice for local and regional CPA firms and their clients in the technical standards-setting arena.

 

-- Electronic Accountant Newswire staff

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