1-23 - 1-23 (Organizations associated with the public...

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1-23 (Organizations associated with the public accounting profession) Several private and public sector organizations are associated with the profession. Listed below are activities pertaining to these organizations. 1. License individuals to practice as CPAs. State boards of accountancy 2. Promulgate GAAP. Financial Accounting Standards Board and G overnment A ccounting S tandards B oard 3. Issue Statements on Auditing Standards. A merican I nstitute of C ertified P ublic A ccounting 4. Regulate the distribution and trading of securities offered for public sale. Security and Exchange Commission 5. Establish its own code of professional ethics. State Boards of Accountancy, A merican I nstitute of C ertified P ublic A ccounting , and state societies of CPAs 6. Issue Statements of Financial Accounting Standards. Financial Accounting Standards Board 7. Impose mandatory continuing education as a requirement for renewal of license to practice as a CPA. State boards of accountancy
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This note was uploaded on 04/17/2011 for the course ACCOUNTING 490 taught by Professor Santos during the Spring '11 term at University of Phoenix.

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1-23 - 1-23 (Organizations associated with the public...

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