Reference no: EM13850471
Please answer the following questions using the financial statements for the American Institute of Certified Public Accountants (AICPA) for the fiscal year ended July 31, 2011.
The AICPA annual report founded at https://www.aicpa.org/About/AnnualReports/DownloadableDocuments/2011_AnnualReport_fullbook.pdf
It is critical that you indicate the page number (and whether it is the actual page number of the PDF page number) where you found the information as well as the answer to the question.
1. What are the name and title of the individuals representing those charged with governance and management of the AICPA? Indicate which individual represents those charged with governance and which individual represents management.
2. What is the name of the audit firm and what is the date of their report?
3. What type of opinion(s) did the auditor firm provide in their report?
4. What entities are included in the financial statements?
5. List three initiatives undertaken by the AICPA during the fiscal year.
6. What is the name of the new designation approved by the AICPA this year? When will the new designation be launched?
7. How many accounting graduates were hired by CPA firms in 2010?
8. What was a common issue for both large and small CPA firms according to the 2011 PCPS CPA Firm Top Issues Survey?
9. What was the amount of total net assets for the current year?
10. Did total net assets increase or decrease over the prior year?
11. Who is the target audience of the ThisWaytoCPA Web site?
12. What professional designations does the current year president of the AICPA hold?
13. List two ways by which the AICPA voluntarily conforms to the requirements of the Sarbanes-Oxley Act of 2002?
14. What resource was rolled out in 2010/2011 that delivers information on developments across the economy that will impact CPAs in industry?
15. Why did the AICPA conduct the CPA Horizons 2025 project?
16. What is the goal of the Accounting Doctoral Scholars Program? How many ADS Program Scholars are currently enrolled in doctoral programs at participating universities?
17. What area represents the largest area of practice for AICPA members?
18. What professional designations does the CEO of the AICPA hold?
19. How many voting members did the AICPA have for the current year? How does that compare to the number of voting members ten years previous?
20. When did the AICPA begin offering the Uniform CPA Examination internationally? In what countries is the CPA examination offered?
21. Did the AICPA generate net operating revenues or net operating expenses related to Professional Examinations for the current year and in what amount? Show and clearly label all calculations and amounts.
22. What discount rate was used in the current year to report long-term contributions receivable? What is the basis for the discount rate used?
23. What is the largest source of operating revenue for the AICPA?
24. What percent of operating expenses are related to Organization and Membership Development? Show and clearly label all calculations and amounts.
25. What revenue source for the current year had the largest dollar decrease from the prior year? Show and clearly label all calculations and amounts.
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