What is the American Institute of Certified Public Accountants?

The American Institute of Certified Public Accountants is an association that was established in 1817 with the responsibility for developing and grading the Uniform Certified Public Accountants examination. To receive certification as a Certified Public Accountant in the United States of America then one must pass the CPA exam. The examination is challenging, so not everyone who takes the exam gets to be a Certified Public Accountant (CPA). The association is non-profit and boasts over 418,000 members, making it the largest CPA association in the world.  

Within the American Institute of Certified Public Accountants (AICPA), different areas such as consulting, education, government, and business and industry are represented by its members.

What Does (AICPA) Do?

In addition to developing and grading the Certified Public Accountant Examination, the American Institute of Certified Accountants also sets ethical standards for Certified Public Accountants (CPAs). The American Institute of Certified Accountants has the responsibility for setting auditing standards for private companies and non-profits, as well as local government, state, and federal accountants. The AICPA sets the accounting standards, but in each U.S. state and territory, there is a board of accountancy that regulates and provides oversight. 

However, the American Institute of Certified Public Accountants (AICPA) is the organization tasked with the responsibility for setting the national standards for the profession.

The Certified Public Accountant (CPA) certification is sought after, but to carry the title of being a CPA, a person must be successful at passing the four-part test, which in essence, covers the practice of accounting.

The prestigious Walden University offers Bachelor’s and Master’s degrees in accounting. Someone who is interested in becoming a Certified Public Accountant should acquire one or both degrees. In addition to the degree or degrees, it would be beneficial for someone to have gained some experience as a CPA and passed the exam.

There are specialized fields within accounting such as:

  • Technology Assurance Personal Financial Planning
  • Business Valuation and Information management
  • Forensic Accounting

The American Institute of Certified Public Accountants (AICPA) assists CPAs to practice in a specific field of accounting by offering specialized credentials.

In addition to helping CPAs with specialized credentials, the American Institute of Certified Public Accountants (AICPA) has formed a partnership with the Chartered Institute of Management and can offer the designation of Chartered Global Management Accountant.

There are many Certified Public Accountants who want to become a member of the American Institute of Certified Public Accountants (AICPA). To accomplish this, one must have been successful in having sat the Uniform CPA examination, received a Certified Public Accountant’s license, and was successful in fulfilling all requirements of the AICPA and CPE.

Someone may apply for regular membership in the AICPA if they previously held a Certified Public Accountants’ license barring that the license was not revoked because of a disciplinary action taken against them.

CPA Firm in El Paso, TX

Our team at Marcus, Fairall, Bristol+Co., PLLC is a CPA firm in El Paso, TX that aims to assist non-profit organizations, small businesses, and individuals with optimal accounting-related services. 

This CPA firm in El Paso offers:

Contact Marcus, Fairall, Bristol+Co., PLLC for consultation. You can email us at info@marcfair.com or call us at (915) 775-1040.

CPAs in El Paso, TX

With over 30 years of experience Marcus, Fairall, Bristol+Co., PLLC:

  • Carries a CFF credential 
  • Certified by the American Institute of Certified Public Accountants (AICPA) in financial forensics.
  • Licensed by the Texas State Board of Accountancy and the New Mexico Public Accounting Board.

We are qualified to assist if people have questions about Forensic Accounting, tax, or small business accounting.

Our team at Marcus, Fairall, Bristol+Co., PLLC puts our clients first. We have put in place multi-factor measures geared at protecting and ensuring the absolute privacy of all our clients’ documents and files. Our team has taken into consideration the sensitive nature of the financial data that we have been entrusted with and, therefore, it is considered a top priority and values the utmost privacy and protection. Call (915) 775-1040 and schedule a consultation.

Marcus, Fairall, Bristol + Co., PLLC happens to be a complete Certified Public Accountant (CPA) firm in El Paso, TX, offering a full range of services. We have helped and continued to help our clients to create standard operating procedures. We are experts in tax problems and resolution, tax planning services, and small business accounting. 

You can visit our firm at 230 Thunderbird Dr. Ste G, El Paso, TX 79912.

Conclusion

The (AICPA) develops and grades the CPA examination and in essence, decides the fate of many wishing to be certified as a CPA in the United States and endeavor at some point to become a member of the prestigious American Institute of certified accountants (AICPA).

Get Your Accounting Questions Answered by Accountants in El Paso, TX

If you’re looking for a reputable CPA firm in El Paso, TX consider calling us at Marcus, Fairall, Bristol + Co., PLLC! We’ll answer any and all of your accounting-related questions. We offer our clients a variety of accounting services such as the following:

Marcus, Fairall, Bristol + Co., PLLC
230 Thunderbird Dr Ste G, El Paso, TX 79912
Phone: (915) 775-1040
info@marcfair.com