Estimated reading time: 1 minute, 13 seconds
AICPA AND CPA2BIZ: HAVING IT BOTH WAYS
Burger King customers should have it so good. But as I explained in an editor’s note on our sister publication, the Progressive Accountant, I’ve never had much respect for the relationship between the American Institute of CPAs and its for-profit subsidiary, CPA2Biz. I’m still waiting to hook up with Erik Asgeirsson, head of CPA2Biz (which I always refer to privately as the AICPA’s evil twin). But there’s no reason not to repeat my comments. The AICPA recently announced its new Service Organization Control reports, formerly called SAS 70 reports, which are designed to help companies that outsource services or tasks to third parties and it is designed for the SaaS world. No problem with that.
What I have a problem with is the press release refers to CPA2Biz as a leading SaaS provider and then mentions companies like Intacct, as a SaaS company, without specifying that CPA2Biz is marketing versions of Intacct’s Internet application. For a profession that values independence, this strikes me as absolutely wrong. I’ve heard more than one CPA state that when it whatever name gets used, AICPA or CP2Biz, seems to depend on whichever the user thinks provides the most advantage. The AICPA should be forced to choose. Pick which kind of organization it would like to be: standards setting, membership organization or accounting goods and services vendor. There’s a glaring conflict in trying to be all three.
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