AICPA annual report for 2008-2009 published.

The AICPA has published its annual report for fiscal year Aug. 1, 2008, through July 31, 2009. Themed "Forward," the report looks at how the AICPA and CPAs navigated a challenging year, how the AICPA continues to serve as the resource its members can count on and how together the AICPA and its members are reaffirming CPAs as the nation's trusted financial experts. It also covers many of the more significant achievements and initiatives on the profession's behalf during this time.

In addition, future trends that are important to AICPA members and those CPAs serve are explored. They include an interconnected global economy; re-regulation of financial services; international convergence of accounting and auditing standards; the emerging business case for social media outreach; and a pipeline of future CPAs sufficient in supply, diversity and talent to replace workers nearing retirement. The report...

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