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AICPA initiatives for members: an update.
As the national organization for CPAs, the AICPA assists members on many fronts, including legislative and regulatory developments, technical issues, professional concerns and workplace matters. In addition, the AICPA works to sustain the profession's supply of high-quality CPAs as well as inform Americans about the value of CPAs and share their expertise. Following is a review of a broad range of initiatives to serve members while upholding the public's trust.
Advocating for the Profession Tax Strategy Patents * Thanks in part to the AICPA's exhaustive efforts, the House of Representatives passed legislation that would prohibit granting of tax strategy patents. The Institute has also called for passage of a similar bill introduced in the Senate recently. The AICPA believes the use of patents may be misleading and unfair to taxpayers and may complicate tax professionals' ability to offer clients the best advice. Tax Preparer Reporting Standards * Potential conflicts of interest between taxpayers and tax practitioners because of different tax reporting standards may be averte...See the full content of this document
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