Which of the following statements about the AICPA is true?
A)The AIPCA is historically self-regulated.
B)The AIPCA is regulated by the federal government.
C)The AIPCA is regulated the state governments.
D)The AIPCA is a new organization established by an act of congress in 2002.

Question

Quizplus · Accepted Answer

The AICPA (American Institute of Certified Public Accountants) is historically self-regulated, meaning it is responsible for setting and enforcing standards for its members, rather than being regulated by an external governing body such as the federal or state government.

Which of the Following Statements About the AICPA Is True