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Is AICPA trying to get rid of IMA by issuing the CGMA?

Someone asked this question on Quora which while IMO was a dang good question, it only got one reply, which was this:

"The AICPA is attempting to remain relevant to someone - anyone. With the demise of principle based accounting - the increasing importance of the SEC, Accounting Standards Boards and "statuatory" regulations (SOX, etc) the are essentially fighting to remain a viable organization within the profession. I know few small practioners who remain members. I gave up my membership over 20 years ago.

Essentially, they are the appendix of the accounting profession. This can best be demostrated by their extremely feeble attempt to "anything" useful about the H&R Block advertising criticising CPAs. Cut it out and they would not really be missed (just like a human appendix).

Just one man's opinion but I believe one shared by many a CPA."

What are your thoughts?

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Just as the big public firms not only writing GAAP (under the guise of another body) but defining the GAAP.... hmmmm

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