Richard Paul, chair of the AICPA's Financial Reporting Executive Committee (FinREC), sent a letter to IASB chair Hans Hoogervorst on Wednesday commenting on the IASB's agenda. The letter called on the IASB to establish fundamentals to guide the board as it continues to develop IFRS, so the standards satisfy objectives and are consistent and understandable. (Journal of Accountancy)

October 18, 2011 - A majority of CPAs support optional adoption of the International Financial Reporting Standards (IFRS), the emerging set of globally accepted accounting rules, according to a recent survey by the American Institute of Certified Public Accountants. (Survey Results)

June 22, 2011 - The large majority of CPAs in the United States have some knowledge of the International Financial Reporting Standards (IFRS), the emerging globally accepted set of accounting rules, according to a recent survey by the American Institute of Certified Public Accountants. (Survey Results)

The American Institute of Certified Public Accountants sent a comment letter to the International Financial Reporting Standards Foundation's Monitoring Board regarding its Feb. 7, "Consultative Report on the Review of the IFRS' Governance."

The AICPA's Financial Reporting Executive Committee submitted a comment letter to the Financial Accounting Standards Board on its supplementary document, "Accounting for Financial Instruments and Revisions to the Accounting for Derivatives Instruments and Hedging Activities-Impairment."

March 2011 - In its comment letter, the AICPA recommended that expanded elements for commonly reported concepts and standard definitions be added to the IFRS Taxonomy in order for it to better meet the needs of filers and consumers of XBRL tagged data, not only under the SEC rules but around the world.

The American Institute of Certified Public Accountants' Financial Reporting Executive Committee said there should be two different effective date and transition approaches for the projects covered by a recent Financial Accounting Standards Board Discussion Paper: one for public companies, and another for private entities.

January 5, 2011 - The American Institute of Certified Public Accountants, National Association of State Boards of Accountancy, and Prometric today launched the new Uniform CPA Examination, called CBT-e, which includes for the first time questions on International Financial Reporting Standards among other sweeping and significant changes.

December 14, 2010 - The AICPA's Financial Reporting Executive Committee (FinREC) this week voiced extensive concerns with a joint FASB-IASB proposed standard on revenue recognition that is intended to apply across all industry sectors. (Journal of Accountancy)

November 30, 2010 - The Financial Reporting Executive Committee (FinREC) and the Insurance Expert Panel, both of the American Institute of Certified Public Accountants, comment on the IASB Exposure Draft–Insurance Contracts (the ED).

FASB and the International Accounting Standards Board (IASB) released a convergence progress report on Monday that said their priority projects are on target for completion by June 2011 or earlier. (Journal of Accountancy)

October 19, 2010 - Certified Public Accountants see the U.S. at a pivotal time in the development of uniform, high-quality global accounting standards as the U.S. Securities and Exchange Commission evaluates a transition to International Financial Reporting Standards and the U.S. Financial Accounting Standards Board and the International Accounting Standards Board work jointly to merge U.S. and global standards. (Survey Results)

October 18, 2010 - The AICPA assembled members from business and industry with public company backgrounds to discuss questions the SEC posed in a recent request for comment about a potential IFRS mandate. "The overriding message from panel participants was that an adequate transition period will be the most important consideration in mitigating concerns outlined in the request for comment," the letter states. (Journal of Accountancy) (Comment Letter)

October 8, 2010 - The blue ribbon panel on private company financial reporting is heading down a path to recommend that the Financial Accounting Foundation, FASB's parent organization, accept U.S. GAAP with exceptions for private companies and that those standards should be set not by FASB but by a separate board under FAF's oversight. (Journal of Accountancy) (Press Release)

The AICPA's Financial Reporting Executive Committee (FinREC) on Thursday said it was concerned about the fair value measurement and impairment models along with other provisions of FASB's comprehensive proposal to revamp financial instruments accounting. (Journal of Accountancy) (Link to Letter)

May 25, 2010 - Sir David Tweedie, the chairman of the International Accounting Standards Board, speaking to the American Institute of Certified Public Accountants spring Council meeting, said the move to global accounting standards is a key element of the global financial reform agenda and long-term benefits of a single set of high-quality accounting standards far outweigh the short-term difficulties of transition.

May 24, 2010 - U.S. Certified Public Accountants are gaining awareness about International Financial Reporting Standards and CPAs increasingly foresee a need to gain advanced, or expert knowledge as the U.S. moves toward global accounting standards over the next three to five years, according to a recent survey conducted by the American Institute of Certified Public Accountants.

May 24, 2010 - Even though most American CPAs do not prepare or audit IFRS financial statements, many have begun learning the international standards, according to an AICPA survey released Monday. (Journal of Accountancy)

May 2010 - The CPA exam is undergoing its largest overhaul since moving from paper and pencil to computers. Jan. 1, 2011, will mark the launch of what people behind the exam are calling CBT-e (Computer-Based Testing evolution). (Journal of Accountancy)

February 24, 2010 – The American Institute of Certified Public Accountants President and CEO Barry Melancon issued a statement on the Securities and Exchange Commission’s endorsement today of a plan to work toward incorporation of International Financial Reporting Standards (IFRS) in the U.S. financial reporting system.

The American Institute of Certified Public Accountants strongly believes that independent, unbiased standard setting of private sector accounting principles is critical to capital markets and investor interests.

January 27, 2010 – The AICPA Examinations Team is seeking professionals with solid skills and knowledge in International Financial Reporting Standards to develop questions (“items”) on IFRS for the Uniform CPA Examination. Learn more.

December 17, 2009 – The American Institute of Certified Public Accountants (AICPA) and the Financial Accounting Foundation (FAF) announced the establishment of a "blue-ribbon panel" to address how U.S. accounting standards can best meet the needs of users of private company financial statements.

December 9, 2009 – The American Institute of Certified Public Accountants joined with 12 major accounting institutes around the world and The Prince of Wales Accounting for Sustainability Project in an open letter to political leaders attending the Copenhagen Convention on Climate Change. (AICPA)

October 19, 2009 – AICPA survey shows U.S. CPAs delayed moves toward international accounting standards after SEC set aside progress on "roadmap". The survey also reveals that CPAs support adoption of International Financial Reporting Standards, but tend to prefer convergence first.

October 6, 2009 – Barry C. Melancon, president and CEO of the American Institute of Certified Public Accountants, speaking at a roundtable of global accounting leaders in New York City today called for a permanent, independent funding mechanism for the International Accounting Standards Committee Foundation, the governing body of the International Accounting Standards Board.

October 1, 2009 – The Uniform CPA Examination will be transformed beginning in 2011, with a new structure, format and content and supported by enhanced technology. The improvements, designated CBT-e for Computer-Based Testing evolution, will be launched Jan. 1, 2011, simultaneously with exam content updates that include, for the first time, testing on International Financial Reporting Standards (IFRS). (Journal of Accountancy)

IASB Offers IFRS for Small and Medium Entities. The American Institute of Certified Public Accountants welcomes the issuance and use of International Financial Reporting Standards for private companies as issued by the International Accounting Standards Board in London.

CPAs continue to prepare for IFRS as SEC reviews roadmap. The U.S. accounting profession recognizes a need to acquire knowledge of international accounting standards even as the Securities and Exchange Commission revisits plans for adoption, according to a recent survey conducted by the American Institute of Certified Public Accountants.

April 27, 2009 - The SEC’s comment period for its proposed IFRS roadmap expired on April 20. While many expressed support for the goal of high-quality globally accepted accounting standards, the request for comments produced numerous critics of the roadmap. Read an analysis of the comment letters. The analysis highlights some of the issues that the SEC will grapple with as it considers the proposed roadmap and whether (or how) to transition U.S. companies to IFRS from U.S. GAAP.

The AICPA submitted its comment letter to the SEC on its proposed road map for the use of IFRS.  The Journal of Accountancy summarizes key points of the comment letter.

April 9, 2009 – The American Institute of Certified Public Accountants (AICPA) offers comments on the Securities and Exchange Commission’s proposed Roadmap to U.S. adoption of International Financial Reporting Standards.

March 17, 2009 – The AICPA comments on the second part of the five-yearly review of the International Accounting Standards Committee Foundation’s (IASCF) Constitution. In its comment letter, the AICPA applauds establishment of a Monitoring Board, stresses the need to find a permanent funding solution and addresses the future need for private-entity financial reporting constituency representation on the IASCF and Standards Advisory Committee (SAC).

January 12, 2009 - WebCPA reports that among the topics covered in their recent meeting with the Financial Accounting Standards Board were FASB Interpretation 48 and the SEC’s proposed roadmap for transitioning to IFRS.  Regarding the roadmap, PCFRC Chair Judy O’Dell said, “We will stress that private companies will need to be considered, and we have some concerns about what will happen to FASB once public companies go to IFRS”.