Why The Aicpa Is Becoming More Popular

1408 WordsNov 24, 20146 Pages
As many students graduate high school throughout the United States, a degree in accounting is becoming more popular. Many students realize that being an accountant offers a high-paying salary and a very stable job market. Although this may sound appealing, the process in reaching this gratitude may be difficult for some. In most cases, one must become a Certified Public Accountant (CPA) or a Certified Management Accountant (CMA). To becoming certified, you must pass the exams the American Institute of Certified Public Accountants (AICPA) and the Institute of Management Accountants (IMA) give respectively while following the ethical standards the issuing bodies present to a newly certified accountant. The AICPA was founded in 1887. The AICPA provides educational materials for its members while developing and grading the Uniform CPA Exams. On top of that, the AICPA also develops standards for audits of private companies and serves as an advocate before legislative bodies, public interest groups and other professional organizations. With this being said the AICPA 's mission is to provide members with the resources, information and leadership that enable them to provide valuable services in the highest professional manner to benefit the public, employers and clients (AICPA, 2014). On the other hand, the Institute of Management Accountants (IMA) serves a very similar purpose as the AICPA does. The IMA was founded in 1919 in Buffalo, NY. However, till 1991, the institute was
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