Consider giving back to your profession for CPAs now and in the future.As a member of the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). , you are likely well aware of the professional and advocacy activities of the AICPA. However, what you may not be aware of are the programs and services the AICPA offers its members and the profession through the AICPA Foundation, AICPA Benevolent be·nev·o·lent adj. 1. Characterized by or suggestive of doing good. 2. Of, concerned with, or organized for the benefit of charity. Fund and the AICPA Political Action Committee. Foundation The AICPA Foundation was established in 1922 to advance the science of accountancy and accounting education. It continues to support programs and services that impact the profession and the public it serves. Currently the AICPA Foundation is focusing on three major initiatives: * Financial Literacy--supporting the AICPA's 360 Degrees of Financial Literacy Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programmes in countries including[1] Australia, Japan, the United States and the UK. program to help overcome the financial illiteracy illiteracy, inability to meet a certain minimum criterion of reading and writing skill. Definition of Illiteracy The exact nature of the criterion varies, so that illiteracy must be defined in each case before the term can be used in a meaningful epidemic plaguing the American public. * Accounting Faculty Shortage--The growing shortage of accounting faculty threatens the future of the accounting profession. The AICPA Foundation is initiating an effort to increase the supply of accounting Ph.D.s and facilitate the transition of seasoned accounting professionals to the college classroom. * Diversity--Minorities continue to be underrepresented un·der·rep·re·sent·ed adj. Insufficiently or inadequately represented: the underrepresented minority groups, ignored by the government. within the accounting profession. The Foundation provides direct assistance and specialized programs to encourage qualified minority students to enter the profession. Benevolent Fund Since 1933 the AICPA Benevolent Fund has been helping members and members' families through difficult financial times. Whether it is due to an illness, accident or death, the Fund has been able to help members and their families get back on their feet. Typically the Fund is approached when a colleague has fallen through their personal safety net and when government assistance is either very limited or unavailable. It represents a way for CPAs to support those who have gone before them in the profession and to reach out to "take care of their own." PAC PAC, see political action committee. (1) See perceptual audio coding. (2) (Programmable Automation Controller) A programmable microprocessor-based device that is used for discrete manufacturing, process control Your personal contribution to the AICPA's PAC will help ensure the accounting profession has a strong voice in our nation's capital. By joining forces with your fellow AICPA members through the PAC, you can maximize the profession's political clout and help ensure that what is being legislated is productive to your business interests. Contributions go directly to helping pro-business candidates win elections to Congress. Last election cycle, AICPA members serving as legislative contacts across the country personally delivered checks to their members of Congress, and the bi-partisan PAC was able to help elect 9 new House representatives and 4 new Senators. Suggested voluntary contribution amounts have been added to your upcoming dues bill and your support is greatly appreciated [see page 2 article on dues bills]. While you are under no obligation to make these contributions, it is through the generosity of our members that the Institute is able to continue with these initiatives. AICPA in the Media--Second Quarter Highlights The AICPA's ongoing media relations efforts work to keep the national and business press informed about the Institute's wide-ranging initiatives and the outstanding work of CPAs. During Mar. and Apr. 2006, the AICPA shared the profession's perspectives with and was quoted in more than 100 media outlets, including national and regional publications, radio and television, Web sites, and business and accounting trades. ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. World News Tonight, CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , Fox News, NBC Nightly News NBC Nightly News is the flagship evening news program for NBC News and broadcasts from the GE Building, Rockefeller Center in New York City. It has been known by this name since August 1, 1970. , MSNBC MSNBC Microsoft/National Broadcasting Company , Reuters News, Bloomberg and Marketwatch were among the national outlets. Topics included tax, financial literacy, accounting standards and student recruitment. |
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