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CPAs give feedback on AICPA's Social Security report.

To take a pulse of the membership's thoughts on the AICPA's recently issued Social Security report, Understanding Social Security Reform: The Issues and Alternatives (www.aicpa.org/members/socsec.htm), the Institute surveyed its Virtual Grassroots Panel. The panel consists of members from each membership segment. Here is a summary of some of the results of the online poll.

Prior to this poll, 79% of respondents had heard of the report. All respondents with an opinion said the AICPA should continue issuing such public policy reports (96% said yes, 4% had no opinion). Clear majorities (over 70%) of respondents in each member segment believe the report will have a "very or somewhat" positive impact on the profession's efforts to serve the public interest, on legislators' and other public policymakers' perception of the accounting profession, on public dialogue about Social Security, on the public's confidence in the accounting profession, and on legislators' and other public policymakers' thought processes about Social Security.

Moreover, a clear majority of participants distributed and/or discussed the report with congressional representatives and other state and local government officials. Overall, respondents indicated there was wide distribution of the report to various audiences and other actions, such as publishing a summary in client bulletins, creating Web site links to the report, providing copies to other professions, and sharing the report with fellow accounting educators and students, among other things.

With respect to other public-policy topics the AICPA should consider, the topic cited most often by participants was health care, followed by tax issues, economy and trade-related issues, retirement issues, federal budget and federal financial matters. Other issues recommended included federal policies and regulations, tort reform/liability issues, implications of the Sarbanes-Oxley Act and financial literacy.

For a copy of the executive summary or a full report on the results of this poll, contact Leigh Knopf at lknopf@aicpa.org.
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Publication:CPA Letter
Date:Oct 1, 2005
Words:311
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