American Institute of Certified Public Accountants [AICPA] Law and Legal Definition

The American Institute of Certified Public Accountants (AICPA) is a federation of state societies and act as the national professional organization of Certified Public Accountants (CPAs) in the U.S. The AICPA sets moral standards for accountants and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. The AICPA promotes awareness of the accounting profession, identifies financial trends, sets certification, licensing, and professional standards, and provides information and advice to CPAs.