AICPA Board of Directors Adopts Resolution Expressing Support for Non-Partisan Movements to Promote Fiscal Responsibility and Sustainability

WASHINGTON--()--Expressing concern about the growing federal debt and its impact on the long-term fiscal health of the United States, the Board of Directors of the American Institute of CPAs has adopted a resolution underscoring the need to put America on a better economic path and supporting two non-partisan efforts, the Campaign to Fix the Debt and the Comeback America Initiative.

The AICPA recognizes that America faces significant financial challenges that need to be addressed to promote fiscal responsibilities and believes the U.S. government should operate on a sustainable budget and should address its current debt crisis. Earlier this year, the AICPA developed What’s At Stake?, a resource calling attention to how and why the financial sustainability of our nation is at stake.

The resolution will also be shared with state CPA societies as the AICPA continues to seek ways to advocate for reduced complexity for American businesses and individuals.

The resolution, which was adopted by the AICPA Board in New York on November 9, follows:

Board Resolution Regarding AICPA Support for Certain Non-Partisan Initiatives and Public Policies to Promote Economic Certainty

WHEREAS, The AICPA is very concerned about the growing federal debt and its impact on the long-term fiscal health of the United States; and

WHEREAS, The CPA profession has a long and deep commitment to the public interest and a history of advising businesses and individuals regarding decision-making on financial, tax and operational matters; and

WHEREAS, Navigating the complexity of the uncertain economic environment is difficult for businesses and individuals; and

WHEREAS, The AICPA has developed What’s At Stake?, a resource to call attention to how and why the financial sustainability of our country is at stake; and

WHEREAS, The AICPA believes that fiscally sound public policy is a key component in promoting certainty for American businesses and will lead to enduring economic growth; and

WHEREAS, The AICPA recognizes that America faces significant financial challenges that need to be addressed to promote fiscal responsibility and believes the United States government should operate on a sustainable budget and should address its current debt crisis; and

WHEREAS, The non-partisan movements Campaign to Fix the Debt and Comeback America Initiative align with the AICPA's goals of putting America on a better fiscal and economic path by promoting fiscal responsibility and sustainability; now

BE IT RESOLVED, That the AICPA shall continue to seek ways to advocate for reduced complexity for American businesses and individuals; and

BE IT FURTHER RESOLVED, That the AICPA shall inform its members about the Campaign to Fix the Debt and the Comeback America Initiative; and

BE IT FURTHER RESOLVED, That the AICPA shall also share this resolution with state CPA societies, and shall encourage state CPA societies to promote fiscal responsibility and consider involvement in the Campaign to Fix the Debt and the Comeback America Initiative.

About the AICPA

The American Institute of Certified Public Accountants (AICPA) is the world’s largest member association representing the accounting profession, with nearly 386,000 members in 128 countries and a 125-year heritage of serving the public interest. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation to elevate management accounting globally.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.

Contacts

AICPA
Jay Hyde, 202-434-9266
jhyde@aicpa.org

Release Summary

The AICPA Board of Directors has adopted a resolution underscoring the need to put America on a better economic path and supporting Campaign to Fix the Debt and the Comeback America Initiative.

Sharing

Contacts

AICPA
Jay Hyde, 202-434-9266
jhyde@aicpa.org