New York State CPA Society Votes to Oppose Global Credential

Apr 02, 2001, 01:00 ET from NY State Society of Certified Public Accountants

    NEW YORK, April 2 /PRNewswire/ -- The Board of Directors of the New York
 State Society of Certified Public Accountants (NYSSCPA) voted unanimously to
 oppose the proposed global credential by the American Institute of CPAs
 (AICPA) and to urge the AICPA to abandon the project.
     Further, the Board voted to urge the AICPA to channel available resources
 into addressing issues New York CPAs identified in a survey on the global
 credential.  These included better educating the public about the range of CPA
 services and achieving passage of the Uniform Accountancy Act (regulations to
 update the practice of accountancy) in every licensing jurisdiction.
     The Board acted on the results of a survey to the membership earlier this
 year that indicated strong opposition to the credential across all membership
 groups and in reaction to all elements of the proposed credential.  Survey
 analysis conducted by Ellen Koenigsberg, Ph.D, an Assistant Professor of
 Statistics at Baruch College, was based on a 20 percent response rate.
 
     The Board resolution cites the following:
     * A survey of the membership showed that the vast majority of NYSSCPA
       members do not view an additional credential as advantageous;
     * An overwhelming majority of survey respondents (86.4%) opposed AICPA
       sponsorship of a credential that would be shared with non-CPA
       professionals;
     * The number of respondents who would seek an additional credential,
       especially one that was international in scope, was very low (less than
       20%);
     * The survey results showed that the more respondents know about the
       concept, the less they endorsed it;
     * The Board has a responsibility to represent the viewpoints of the
       membership and the survey results provided clear direction;
     * Member confusion exists as to the NYSSCPA's role in the credential
       because some members see it as a joint AICPA/NYSSCPA initiative, thereby
       bringing a negative association to the NYSSCPA;
     * The initiative has resulted in an unnecessary diversion of time, effort,
       and resources which would have been channeled into more relevant needs
       of the membership;
     * Survey respondents identified other issues that should be addressed such
       as the ability to practice the profession across state lines;
     * Survey results strongly support (76.2%) an advertising campaign to
       better educate consumers about the CPA designation as an alternative to
       creating a new credential;
     * Survey data by the AICPA itself provides constructive alternatives to
       consider in enhancing the CPA credential rather than launching a new
       credential.
 
     "Results of a survey conducted by the Illinois Society of CPAs mirrored
 the NYSSCPA results," according to Society President P. Gerard Sokolski.  "In
 addition, the results of a smaller scale survey of the Greater Washington
 Society of CPAs also tracked ours.  We have a responsibility as leaders of our
 societies to listen to what our members are saying."
     Sokolski also cited a conclusion of the AICPA research itself that
 indicated that receptivity to the credential concept decreased significantly
 once respondents knew more about the licensing and membership requirements of
 the credential.
     "Our members are saying loud and clear that they want talent and resources
 to be invested in the CPA credential and not in a new credential that will be
 available to our competitors," Sokolski said.  "We urge the AICPA leaders to
 listen to their constituents."
     New York Council representatives will present the resolution at the AICPA
 Council meeting beginning on April 29 in Washington, D.C.  NY Council members
 in attendance at a meeting on March 28 strongly endorsed the Board resolution.
 
     About the NYSSCPA
     Representing nearly 29,000 accountants and CPAs, the New York State
 Society of Certified Public Accountants (NYSSCPA) is the oldest and largest
 state accounting organization in the nation.  Incorporated in 1897, the
 Society is a nonprofit organization that seeks to establish and maintain high
 standards of integrity, honor, and character among certified public
 accountants.  Its members are CPAs working in public or private practice in a
 state that serves as the home of Wall Street and major financial centers.
     The New York State Society of CPAs is located at 530 Fifth Avenue, New
 York, NY 10036.  To learn more about the Society call 800-633-6320 or visit
 the Society's website at http://www.nysscpa.org.
 
 

SOURCE NY State Society of Certified Public Accountants
    NEW YORK, April 2 /PRNewswire/ -- The Board of Directors of the New York
 State Society of Certified Public Accountants (NYSSCPA) voted unanimously to
 oppose the proposed global credential by the American Institute of CPAs
 (AICPA) and to urge the AICPA to abandon the project.
     Further, the Board voted to urge the AICPA to channel available resources
 into addressing issues New York CPAs identified in a survey on the global
 credential.  These included better educating the public about the range of CPA
 services and achieving passage of the Uniform Accountancy Act (regulations to
 update the practice of accountancy) in every licensing jurisdiction.
     The Board acted on the results of a survey to the membership earlier this
 year that indicated strong opposition to the credential across all membership
 groups and in reaction to all elements of the proposed credential.  Survey
 analysis conducted by Ellen Koenigsberg, Ph.D, an Assistant Professor of
 Statistics at Baruch College, was based on a 20 percent response rate.
 
     The Board resolution cites the following:
     * A survey of the membership showed that the vast majority of NYSSCPA
       members do not view an additional credential as advantageous;
     * An overwhelming majority of survey respondents (86.4%) opposed AICPA
       sponsorship of a credential that would be shared with non-CPA
       professionals;
     * The number of respondents who would seek an additional credential,
       especially one that was international in scope, was very low (less than
       20%);
     * The survey results showed that the more respondents know about the
       concept, the less they endorsed it;
     * The Board has a responsibility to represent the viewpoints of the
       membership and the survey results provided clear direction;
     * Member confusion exists as to the NYSSCPA's role in the credential
       because some members see it as a joint AICPA/NYSSCPA initiative, thereby
       bringing a negative association to the NYSSCPA;
     * The initiative has resulted in an unnecessary diversion of time, effort,
       and resources which would have been channeled into more relevant needs
       of the membership;
     * Survey respondents identified other issues that should be addressed such
       as the ability to practice the profession across state lines;
     * Survey results strongly support (76.2%) an advertising campaign to
       better educate consumers about the CPA designation as an alternative to
       creating a new credential;
     * Survey data by the AICPA itself provides constructive alternatives to
       consider in enhancing the CPA credential rather than launching a new
       credential.
 
     "Results of a survey conducted by the Illinois Society of CPAs mirrored
 the NYSSCPA results," according to Society President P. Gerard Sokolski.  "In
 addition, the results of a smaller scale survey of the Greater Washington
 Society of CPAs also tracked ours.  We have a responsibility as leaders of our
 societies to listen to what our members are saying."
     Sokolski also cited a conclusion of the AICPA research itself that
 indicated that receptivity to the credential concept decreased significantly
 once respondents knew more about the licensing and membership requirements of
 the credential.
     "Our members are saying loud and clear that they want talent and resources
 to be invested in the CPA credential and not in a new credential that will be
 available to our competitors," Sokolski said.  "We urge the AICPA leaders to
 listen to their constituents."
     New York Council representatives will present the resolution at the AICPA
 Council meeting beginning on April 29 in Washington, D.C.  NY Council members
 in attendance at a meeting on March 28 strongly endorsed the Board resolution.
 
     About the NYSSCPA
     Representing nearly 29,000 accountants and CPAs, the New York State
 Society of Certified Public Accountants (NYSSCPA) is the oldest and largest
 state accounting organization in the nation.  Incorporated in 1897, the
 Society is a nonprofit organization that seeks to establish and maintain high
 standards of integrity, honor, and character among certified public
 accountants.  Its members are CPAs working in public or private practice in a
 state that serves as the home of Wall Street and major financial centers.
     The New York State Society of CPAs is located at 530 Fifth Avenue, New
 York, NY 10036.  To learn more about the Society call 800-633-6320 or visit
 the Society's website at http://www.nysscpa.org.
 
 SOURCE  NY State Society of Certified Public Accountants