In a report to the Spring Meeting of its Governing Council, the American Institute of CPAs gave a review of its 2013 forecast and its proposed 2014 budget that indicated that the institute was in healthy financial condition.
According to a presentation by Tommye Barie, the chair of the Finance Committee and a partner at Mauldin & Jenkins, and institute senior vice president and COO anthony Pugliese, the forecast operating results for 2013 are expected to show an excess of revenue over expenses of approximately $1.6 million, despite an expected decline in revenue due to lower-than-expected sales for CPE and publication products, and a $2.2 million decline in exam revenue, due to fewer domestic CPA Exam sections being administered.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access