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. 

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