Economy

American Institute of CPAs’ president and chief executive Barry Melancon reiterated his organization’s stance that fair value accounting was not a primary cause of the current economic distress and that the private sector — rather than Congress — should continue to set accounting standards.

The American Institute of CPAs has appointed four new members of the Auditing Standards Board.

The LBMC Family of Cos., which includes an accounting firm, as well as healthcare, technology and investment practices, has formed LBMC Managed Security Services LLC, a unit designed to provide its clients with IT security services.

The more things change, the more they stay the same.Such is the case for information security management, which has been voted - for the seventh consecutive year - the most important issue affecting IT strategy, investment and implementation over the coming 12 to 18 months, according to the American Institute of CPAs' 20th Annual Top Technology Initiatives Survey.

The American Institute of CPAs’ board of directors has extended Barry Melancon’s term as president and CEO for another five years.

CFOs and senior-level executive CPAs see the domestic economic downturn as lasting longer than previously expected, according to a survey by the American Institute of CPAs and the University of North Carolina’s Kenan-Flagler Business School.

CCH has signed a deal with the American Institute of CPAs to sell and distribute AICPA publications to the undergraduate and graduate college market.

The American Institute of CPAs has opened a free online job finder to help accountants find work during the recession.

Clients are coming to their CPAs with concerns about their shrinking retirement savings as the recession deepens.

Many Americans are planning to delay retirement, postpone vacations and reconsider buying or selling their homes as the result of the economy, according to a new survey by the American Institute of CPAs.

A global alliance of the chief executives of 10 accounting institutes has issued a report advocating more useful and less complicated financial reporting requirements.

New guidance aims to help organizations better monitor the effectiveness of their internal control systems.

The American Institute of CPAs has opened an online Economic Crisis Resource Center with information to help accountants advise their clients, employers, family members and friends on how to cope with the recession.

The American Institute of CPAs has presented Irvin F. Diamond with its 2008 Personal Financial Planning Distinguished Service Award.

The American Institute of CPAs, the Chartered Institute of Management Accountants and the Society of Management Accountants of Canada have given awards to three individuals for management accounting research.

For the seventh year in a row, a survey by the American Institute of CPAs has ranked information security management as the most important technology issue for 2009.

The American Institute of CPAs has released an alert warning about audit risks from the economic crisis.

The Private Company Financial Reporting Committee met with the Financial Accounting Standards Board to discuss some of the problems that led to deferring controversial rules for accounting for uncertainty in income taxes.

More than a third of CPA firms plan to supplement their workforce in the next 12 months, according to a newly released survey.

The American Institute of CPAs has begun investigating the accounting firm listed as the auditor of Bernard Madoff's investment management business after the firm told the institute for 15 years that it did not perform any audit work.