History of the CPA Designation

1
History of the CPA Designation!
2
1887
American Association of Public Accountants (AAPA)
was established by 31 accountants to set moral
standards and auditing guidelines.
3
1896
First CPAs (Certified Public Accountants) receive
licenses.
4
1957
AAPA was renamed the American Institute of
Certified Public Accountants (AICPA).
5
1973
Financial Accounting Standards Board (FASB) was
formed to set accounting standards for private
companies.
6
1990
The accounting industry expands with accounting
firms offering consulting services.
7
2001
Enron scandal leads to significant changes in the
accounting industry, including the closure of
Arthur Andersen.
8
Present
CPA designation remains a prestigious
qualification for accountants, ensuring high
ethical standards and expertise in the field.
9
For more information, visit our website!
VISIT NOW