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Council approves non-CPA affiliation with AICPA member sections.

At its fall meeting, the AICPA council voted to allow non-CPAs employed by CPA firms to affiliate with the Institute's voluntary membership sections as "section associates." While associates will not have voting privileges, they will qualify for the technical information and service benefits offered by the tax division, the personal financial planning division, the management advisory services division and the information technology division. Associates will receive the Journal of Accountancy and the CPA Letter.

To participate, section associates will have to meet eligibility requirements. An individual must

* Be from a firm enrolled in an AICPA practice monitoring program.

* Be sponsored by an AICPA member who is an owner of such a firm.

* Have a bachelor's degree from a college or university accredited by one of the six regional accrediting agencies.

* Meet continuing professional education requirements for AICPA members in public practice.

* Abide by the AICPA Code of Professional Conduct.

Non-CPAs' affiliation with the membership sections is contingent on specific authorization by each division's executive committee.

Other Council Actions:

AICPA to Help States Re

Commission Bans

Council members also decided to assist state CPA societies seeking legislation to prohibit the acceptance or payment of all commissions by any CPA engaged in public practice. The AICPA traditionally has helped states in their legislative efforts to achieve Uniform Accountancy Act goals.

The current AICPA rule prohibits any member having an attest relationship with the client from accepting commissions. The rule was adopted following an agreement with the Federal Trade Commission to prohibit the AICPA from banning all commissions for Institute members.

AICPA Supports Tax


and Workload Relief

Council endorsed a resolution calling for Congress to give tax simplification the highest priority. The resolution will be put before Congress and tax authorities as an AICPA policy statement.

In a separate but related tax issue, the council supported continuing legislative efforts to relieve workload compression caused by the Tax Reform Act of 1986 requiring most small businesses to use the calendar year. House and Senate members have agreed to introduce an AICPA proposal if the Joint Committee on Taxation finds it to be "revenue neutral." Under the Institute's proposal, partnership, S corporations and personal service corporations, both new and existing, would be allowed to restore fiscal years as long as they make the requisite payments, which the AICPA believes would make it proposal revenue netural. The AICPA has been pressuring Congress for months to correct the workload imbalance and restore fiscal years.
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Article Details
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Publication:Journal of Accountancy
Date:Jan 1, 1992
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