NEW YORK--(BUSINESS WIRE)--The American Institute of CPAs’ (AICPA) Assurance Research Advisory Group (ARAG) has issued a request for proposals (RFP) for research that addresses assurance topics of interest to the CPA profession. Insights gleaned from the research will support the private company standard-setting process, as well as the AICPA’s Enhancing Audit Quality (EAQ) initiative.
ARAG, a group of practitioners and academics formed in collaboration with the American Accounting Association, will review and approve academic research proposals that address questions with a nexus to the following topics:
- Audit Quality
- Risk Assessment and Response
- Sufficiency and Appropriateness of Audit Evidence
- Limited Assurance
- Evolving Skillsets
Research topics were solicited from various AICPA and state CPA society committees and are focused on domestic assurance engagements that are not required to be performed in accordance with PCAOB auditing standards. The AICPA is interested in supporting empirical research using any appropriate research method, as well as literature reviews and syntheses, descriptive analyses and meta analyses. Approved research proposals will be eligible for up to $15,000 in funding and, where applicable, access to personnel, peer reviewers or firm data gathered by the AICPA Peer Review Program. The program was developed in coordination with the Center for Audit Quality, whose research award program has a public company focus.
“The AICPA will again provide funding and resources to support academic research related to the most relevant private company audit issues,” said Susan S. Coffey, CPA, CGMA, AICPA executive president for public practice. “Our first year of research shed light on some critical matters, including group audits and tone at the top. I’m confident the academic community is up to the challenge of examining this year’s areas of interest, led – as always – by audit quality.”
Any accounting educator is eligible to submit a proposal. Research teams are encouraged to utilize the ARAG proposal template to ensure all required elements are included. The deadline for submission is on or before 12:00 midnight EDT, Friday, October 6, 2017. ARAG anticipates announcing research grant awards no later than February 28, 2018.
For proposal submission instructions and other pertinent information, visit www.aicpa.org/arag
About the American Institute of CPAs
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. 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 private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the profession.
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 www.aicpa.org/press.
About the Association of International Certified Professional Accountants
The Association of International Certified Professional Accountants (the Association) combines the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power opportunity, trust and prosperity for people, businesses and economies worldwide. It represents 650,000 members and students in public and management accounting and advocates for the public interest and business sustainability on current and emerging issues. With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMAs and accounting and finance professionals globally.