American Institute of Certified Public Accountants (AICPA)

American Institute of Certified Public Accountants (AICPA) Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of American Institute of Certified Public Accountants (AICPA) in a way that is easy for anybody to understand: National professional membership organization that represents practicing CERTIFIED PUBLIC ACCOUNTANTS (CPAs). The AICPA establishes ethical and auditing standards as well as standards for other services performed by its members. Through committees, it develops guidance for specialized industries. It participates with the FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) and the GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB) in establishing accounting principles.