New AICPA Credential Focuses on IT-Savvy CPAs


T he AICPA is introducing the certified information technology professional (CITP) designation, which recognizes CPAs who can provide skilled advice on using IT to implement business strategy. The Institute will begin accepting applications for CITP certification July 1, 2000.

At its fall meeting, the AICPA governing council approved the designation, which was proposed by the AICPA information technology executive committee. It is expected to help CPAs penetrate a segment of the technology services market that until now has had no specific professional leadership.

The AICPA created the new credential to establish public awareness of the CPA as the preferred information technology (IT) professional, enhance the quality of IT services members provide, increase practice development opportunities and advance the careers of CPAs employed in business and industry, education and other areas.

The AICPA will grant the CITP designation to individuals based on business experience, lifelong learning and, if necessary, an examination. Those not meeting minimum experience and learning requirements will have to pass an IT competency examination, which is expected to be available by September.

Initial accreditation will cover a three-year period; a $500 initiation and materials fee applies. To maintain the designation, CPA/CITPs will have to pay an annual fee of $250 and meet reaccreditation requirements every third year thereafter.

The CITP designation is the first developed under the auspices of the national accreditation commission, a new senior AICPA committee responsible for advancing the accreditation process.

The AICPA will introduce the CITP credential at its Tech 2000 conference in Atlanta, May 10–12, 2000. More information is available on the Web at http://citp.aicpa.org .

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.