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AICPA: Heading South?

AICPA: Heading South?

by Rick Turoczy on July 14, 2006

The American Institute of Certified Public Accountants is on the move. Starting in August, the association is relocating many functions, including human resources, finance, and publishing, to Durham, N.C. With only about 50 employees — of the 400 positions affected by the move — making the transfer from the AICPA’s current offices in New York, New Jersey, Texas, and Washington, D.C., some are wondering how well the organization will adjust to this latest disruption.

The implosions of Enron and other companies prompted the passage of the Sarbanes-Oxley Act of 2002 and the creation of the Public Company Accounting Oversight Board. The PCAOB assumed responsibility for setting the standards used to audit public companies — previously the purview of the AICPA. “The AICPA had no political capital during the final debate on Sarbanes-Oxley,” says Daniel D. Morris, managing partner with Morris and D’Angelo, a San Jose–based accounting firm.

AICPA: Heading South?

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