Professional Issues


AICPA President and CEO Barry Melancon, speaking at the fall meeting of the Institute’s governing Council in Las Vegas in October, gave an update on globalization’s impact on the profession, the AICPA’s ongoing efforts to support members and the public during the economic downturn and recovery, and on new technology efforts on the horizon.

 

Melancon noted the importance of the Institute’s involvement in international associations including the International Federation of Accountants and the Global Accounting Alliance.

 

He said the globalization of the world’s economies will mean that CPAs’ ability to operate across borders will no longer refer just to state boundaries but to international borders as well. He also discussed international reporting standards and sustainability.

 

Because members will need to be able to demonstrate a competency in IFRS, the AICPA plans to launch in May 2010 an IFRS Certificate of Accomplishment for CPAs, which will require 72 hours of content to complete, he said.

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.