Recent changes in the AICPA Code: what they mean for CPAs and clients

Article Abstract:

The effects of recent revisions in the American Institute of Certified Public Accountants' Code of Professional Conduct were investigated by surveying 79 CPAs and 90 clients. The respondents were asked to give their opinions on specific actions that formerly were, but no longer are, violations of the Code. Over 88% of the CPAs did not support the new rules allowing CPAs to accept contingent fees for non-attest engagements, charge a commission, and vouch for the ability of forecasts to be achieved. Most of the clients agreed with the CPAs' opinions. The results indicated that neither CPAs nor clients were ready to accept the new rules.

Accounting, Ethical aspects

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Continuing professional education for CPAs not in public practice: effect on the profession

Article Abstract:

A survey of 177 CPAs conducted to determine the effects of the American Institute of Certified Public Accountants' (AICPA) continuing professional education (CPE) requirements for CPAs not in public practice revealed that some 68.4% of the CPAs agreed with the CPE requirement. Around 74% of the practicing AICPA members and 56.8% of the non-practicing members agreed that a CPE requirement should be imposed, even if it resulted in a 10% decrease in membership. Almost 59% of the CPAs indicated that they had either begun taking CPE courses or increased the number of CPE hours they were taking.

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Some empirical evidence on the impact of the AICPA's mandatory continuing education requirements

Article Abstract:

The effects of the American Institute of Certified Public Accountants' (AICPA) mandatory continuing professional education (CPE) requirements were investigated by surveying 514 CPAs. The results indicated that the employers of 84% of the CPAs in public practice paid for all CPE costs, while 7.4% of the employers paid part of the costs. Some 87.4% of the AICPA members indicated that they would not discontinue their AICPA membership as a result of the new rules. More than 40% of the CPAs felt that the new rules will increase the costs of their firms or employers.

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