What role does the American Institute of Certified Public Accountants (AICPA) play in your accounting career as a student and when you join the profession?

What role does the American Institute of Certified Public Accountants (AICPA) play in your accounting career as a student and when you join the profession?

What role does the AICPA have in setting standards in the industry?

How might you use AICPA and Generally Accepted Accounting Principles (GAAP) for guidance in your profession?

DQ2 FASB and the AICPA [WLOs: 1, 2, 3, 5] [CLOs: 1, 2]

Prior to beginning work on this discussion, review the following:

Chapters 1 and 2 in the textbook

Write: Make sure your response addressing the following questions is more than 200 words and includes an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the UAGC Writing Center for proper use of citations.

In your post, discuss the following:

How would you characterize the current relationship between the Financial Accounting Standards Board (FASB) and the AICPA?

How do they work together?

How do their roles differ?

Why is the relationship between these two entities important to understand?

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