The CPA profession protects the interests of businesses, investors, families and communities every day and, in turn, they put their trust in CPAs. High quality financial statement audits are one of many essential elements to that trust. CPAs' core values of integrity, objectivity, independence and expertise underpin a level of trust unmatched in the financial services arena.
In this inaugural video of the Accounting Profession Matters series, AICPA President and CEO Barry Melancon, CPA, CGMA, and AICPA CEO, Public Accounting, Sue Coffey, CPA, CGMA, discuss the CPA profession and the Association’s efforts to maintain the relevance and value of financial statement audits and trends that could have lasting impact. Melancon and Coffey focus on:
How the profession’s response during the COVID-19 pandemic underscored its critical role in supporting the needs of businesses and communities alike.
Examples of how auditors’ and the AICPA’s commitment to capital markets, investors and the public remain unwavering, even in the midst of great disruption.
Auditors’ efforts, including planning, risk assessment, skepticism and independence, and recent steps taken by the AICPA Auditing Standards Board and AICPA specialized audit quality centers that contribute to high audit quality.
In future Accounting Profession Matters videos, leaders from across the organization will be providing brief highlights on critical professional matters and environmental shifts to keep the profession connected, agile and prepared to continue stepping up to the challenges of today’s business world.