2017-05-22T11:22:52-05:00 2016-07-31 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2015-08-01 130432265 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS AMER 9194024500 220 LEIGH FARM ROAD DURHAM NC 277078110 ANTHONY PUGLIESE VP - FINANCE, ASSOC & PUB ACCT 9194024500 2017-05-10 1 THOMAS LANNING P00851654 9732283500 2017-05-09 2015 2021-01-29 14:40:06Z BARRY MELANCON 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036 317332617 0 X WWW.AICPA.ORG X 1916 DC THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS IS A MEMBERSHIP ORGANIZATION WHOSE PRIMARY EXEMPT PURPOSES ARE TO SERVE AND UNITE THE ACCOUNTANCY PROFESSION, TO DEVELOP AND MAINTAIN HIGH PROFESSIONAL STANDARDS, TO ADVANCE THE SCIENCE OF ACCOUNTANCY, TO DEVELOP AND IMPROVE ACOUNTANCY EDUCATION AND TO PROVIDE FOR THE EXAMINATION OF CANDIDATES. 264 261 951 1634 4600246 292967 131063470 135262470 93327346 93502115 11177112 6369832 9088577 9495212 244656505 244629629 5654425 5618657 0 0 117189229 116818694 0 0 0 125682692 131481882 248526346 253919233 -3869841 -9289604 225740262 200626710 191680662 181441840 34059600 19184870 X THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS IS A MEMBERSHIP ORGANIZATION WHOSE PRIMARY EXEMPT PURPOSES ARE TO SERVE AND UNITE THE ACCOUNTANCY PROFESSION, TO DEVELOP AND MAINTAIN HIGH PROFESSIONAL STANDARDS, TO ADVANCE THE SCIENCE OF ACCOUNTANCY, TO DEVELOP AND IMPROVE ACOUNTANCY EDUCATION AND TO PROVIDE FOR THE EXAMINATION OF CANDIDATES. 0 0 MEMBERSHIP SERVICES: APPROXIMATELY 418,000 VOTING MEMBERS HAVE ACCESS TO A VARIETY OF MEMBERSHIP PRODUCTS & SERVICES, SUCH AS EDUCATIONAL SERVICES. UNIFORM CPA EXAMINATIONS: TOTAL NUMBER OF EXAM SECTIONS GRADED - APPROXIMATELY 253,000 CONTINUING PROFESSIONAL EDUCATION COURSES AND CONFERENCES; GAVE OVER 2300 GROUP STUDY CPE PRESENTATIONS WITH NUMEROUS CPE INDIVIDUAL STUDY COURSES AND 65 CONFERENCES FOR MEMBERS. 0 0 0 1 0 0 0 1 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 461 0 1 951 1 1 1 0 0 0 0 0 X 264 261 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 NC NY X TIMOTHY LASPALUTO 9194024500 220 LEIGH FARM ROAD DURHAM NC 277078110 ANNE M NORTHUP DIRECTOR 3.00 X 55000 0 0 BARRY C MELANCON PRESIDENT & CEO 40.00 1.00 X X 1938068 0 123991 CHRISTOPHER SCHMIDT DIRECTOR 3.00 X 0 0 0 DAVID K MORGAN DIRECTOR 3.00 0.30 X 0 0 0 DAVID STANFORD DIRECTOR 3.00 X 0 0 0 DEANN A HILL DIRECTOR 3.00 X 0 0 0 DORRI C MCWHORTER DIRECTOR 3.00 X 0 0 0 EDUARDO JORDAN DIRECTOR 3.00 X 0 0 0 ERIC L HANSEN DIRECTOR 3.00 X 0 0 0 FREDERICK NISWANDER DIRECTOR 3.00 X 0 0 0 GARY W REYNOLDS DIRECTOR 3.00 X 0 0 0 GRANT ASHLEY DIRECTOR 3.00 0.30 X 0 0 0 J MICHAEL KIRKLAND DIRECTOR 3.00 X 0 0 0 JEAN M HOBBY DIRECTOR 3.00 X 0 0 0 KIMBERLY N ELLISON-TAYLOR VICE CHAIRMAN, DIRECTOR 20.00 1.00 X X 0 0 0 MARJERY L PIERCEY DIRECTOR 3.00 X 0 0 0 MARK PETER BEGICH DIRECTOR 3.00 X 36950 0 0 MARY STONE DIRECTOR 3.00 0.30 X 0 0 0 MYRIAM MADDEN DIRECTOR 3.00 X 0 0 0 NANCY A BAGRANOFF DIRECTOR 3.00 0.30 X 0 0 0 PAUL CURTH DIRECTOR 3.00 X 0 0 0 STEPHEN W CHRISTIAN DIRECTOR 3.00 X 0 0 0 THERESA GRAFENSTINE DIRECTOR 3.00 X 0 0 0 THOMAS BRODERICK DIRECTOR 3.00 X 0 0 0 TIM CHRISTEN CHAIRMAN, VICE CHAIRMAN 35.00 1.00 X X 0 0 0 TOMMYE E BARIE CHAIR, PAST CHAIR, & DIRECTOR 10.00 1.00 X X 0 0 0 TRACEY C GOLDEN DIRECTOR 3.00 X 0 0 0 WILLIAM E BALHOFF IMMEDIATE PAST CHAIRMAN 5.00 1.00 X X 0 0 0 WILLIAM PIROLLI DIRECTOR 3.00 X 0 0 0 ANTHONY PUGLIESE TREASURER 40.00 1.20 X 778340 0 55262 MICHAEL BUDDENDECK SECRETARY 40.00 X 403058 0 50978 ARLEEN THOMAS SVP - MANAGEMENT ACCOUNTIN 40.00 X 763408 0 47446 CYNTHIA FORNELLI EXECUTIVE DIRECTOR 40.00 X 1764633 0 46712 JANICE MAIMAN SVP-COMMUNICATIONS & MEDIA 40.00 X 528745 0 66968 MARK PETERSON SVP - GOVERNMENTAL & PUBLI 40.00 X 670279 0 51171 SUSAN COFFEY SVP - PUBLIC PRACTICE & GL 40.00 X 714427 0 51612 WILLIAM CARMICHAEL SVP - STRATEGY, PEOPLE & I 40.00 X 618412 0 42637 RICHARD MILLER FORMER SECRETARY 8.00 X 103000 0 0 8374320 0 536777 272 1 1 0 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 AUDITING 673394 GIBSON DUNN & CRUTCHER LLP 200 PARK AVENUE NEW YORK NY 101660193 LEGAL 597265 PLINK COACHING CENTER FOR EXCELLENCE LLC 9024 MOUNTAINBERRY CIR FREDERICK MD 21702 CONSULTING 588010 KILPATRICK TOWNSEND & STOCKTON LLP 4208 SIX FORKS RD RALEIGH NC 27609 LEGAL 478004 APPLIED RESEARCH AND CONSULTING LLC 320 WEST 13TH STREET 7TH FLOOR NEW YORK NY 10014 CONSULTING 298166 20 135262470 135262470 CONFERENCES 611430 27458943 27458943 UNIFORM CPA/APFS EXAMS 900099 25199161 25199161 PROFESSIONAL DEVELOPMENT 900099 21000558 21000558 TECHNICAL PUBLICATION 511130 13236456 13236456 MAGAZINE PUBLICATIONS 511120 5853275 1727729 4125546 753722 753722 93502115 2086236 2086236 6708476 209700 6498776 500004 500004 0 76486580 72202984 4283596 4283596 4283596 AFFINITY PROGRAMS - 900003 1649570 1649570 OTHER 900099 872166 892185 -20019 ADMIN FEE FROM INSURANCE TRUST 900099 265000 265000 2786736 244629629 90268754 4600246 14498159 X 5353866 64861 199930 8711117 78450850 11876836 11861543 5918348 1855822 676011 793863 402168 29798633 3846961 7119135 13845279 1811305 8797411 10459924 19367941 92731 6980929 1612579 SALES COMMISSIONS 14816770 PROFESSIONAL DEVELOPMEN 4188912 PUBLICATIONS 1913786 UNRELATED BUSINESS INCO 21933 3079789 253919233 6572067 5451029 40602089 39414525 11171573 11920934 5386917 5386917 1488184 969415 19224548 19682746 48118224 29488016 17293893 18630208 116435276 92524751 7565715 6607090 0 39095 225740262 200626710 36951514 38255625 90855703 92040227 1790427 1774770 3810000 60000 58273018 49311218 191680662 181441840 X 34059600 19184870 0 0 34059600 19184870 225740262 200626710 -9289604 -5585126 0 X X 0 1 X 1 0 0 0 0 122768726 3697427 3697427 4910749 -1213322 0 1 X 3363014 33689 3329325 19625555 10357472 9268083 25129655 19096855 6032800 18630208 -2406 DEFERRED RENT 13597739 DEFERRED EMPLOYEE BENEFITS 31847856 COMPENSATED ABSENCE 2858226 INVESTMENT IN JOINT VENTURE 1009803 49311218 X PART IV, LINE 2B: THE AICPA HANDLES THE ACCOUNTING FOR COSO AND FED LEGISLATIVE TASK FORCE FUND. THESE FUNDS ARE HELD AS LIABILITIES ON THE AICPA'S BOOKS. PART X, LINE 2: THE INSTITUTE HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE INSTITUTE DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. THE INSTITUTE'S U.S. FEDERAL INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2013 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. AS OF JULY 31, 2016 AND 2015, THE INSTITUTE DID NOT RECOGNIZE ANY INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 1 PROGRAM SERVICE LEADING THE INTN'L RELATIONS TEAM AND ITS ACTIVITIES TO PROMOTE THE AICPA AND 290961 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 JOINT VENTURE JOINT VENTURE 170019 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 EDITOR FOR MAGAZINE AND NEWSLETTER TEAM ACCOUNTING MAGAZINE 66255 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE THOUGHT LEADERSHIP 1200000 1 2 0 0 1 2 1727235 0 1727235 AUSTRALIA MEMBERSHIP FEE 55000 MALAYSIA MEMBERSHIP FEE 48063 UNITED KINGDOM CONTRIBUTION 83098 KOREA CONTRIBUTION 10000 4 1 0 1 0 1 0 PART I, LINE 2: THE ORGANIZATION PAID A MEMBERSHIP FEE TO A RELATED PROFESSIONAL ORGANIZATION. SCHEDULE F, PART IV, LINE 5 THE ASSOCIATION HAS ATTACHED FORM 8865 AND FROM 5471 TO THE 990T. 1 AICPA FOUNDATION 220 LEIGH FARM ROAD DURHAM NC 27707 136169602 501(C)(3) 1490000 CONTRIBUTION ALPFA 801 SOUTH GRAND AVENUE SUITE 650 LOS ANGELES CA 90017 861118036 501(C)(3) 39125 CONVENTION SPONSORSHIP AMERICAN ACCOUNTING ASSOC 5717 BESSIE DRIVE SARASOTA FL 34233 396030166 501(C)(3) 16000 SPONSORSHIP AMERICAN SCHOOL COUNSELOR ASSOCIATION 1101 KING STREET NO 310 ALEXANDRIA VA 22314 510237968 501(C)(3) 25000 CONFERENCE SPONSORSHIP ASCEND 120 WALL STREET 3RD FLOOR NEW YORK NY 10005 510527847 501(C)(6) 20000 CONVENTION SPONSORSHIP BUSINESS PROFESSIONALS OF AMERICA 5454 BLEVELAND AVE COLUMBUS OH 43231 311392085 501(C)(3) 11500 SPONSORSHIP CHAPEL HILL- CARRBORO CHAMBER OF COMMERCE 104 S ESTES DR CHAPEL HILL NC 27514 560798467 501(C)(6) 25000 MEMBERSHIP DUES DECA INC 300 COLLEGE PARK DAYTON OH 45469 453744134 501(C)(3) 13000 CONTRIBUTION FBLA-PBL INC 1912 ASSOCIATION DRIVE RESTON VA 201911591 237254290 501(C)(3) 6000 CONTRIBUTION IFAC (INTERNATIONAL FEDERATION ACCOUNTANTS INC) 545 FIFTH AVENUE NEW YORK NY 10017 132915461 501(C)(6) 3142817 MEMBERSHIP DUES JUDICIAL COLLEGE 1664 N VIRGINIA ST MSC 358 RENO NV 89557 942427596 501(C)(3) 50000 CONTRIBUTION JUMPSTART COALITION 919 18TH STREET NW SUITE 300 WASHINGTON DC 20006 522031287 501(C)(3) 8000 SPONSORSHIP NABA - NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS INC 7249 A HANOVER PARKWAY GREENBELT MD 20770 237097490 501(C)(3) 84500 SPONSORSHIP NATIONAL ASSOCIATION OF COLLEGES AND EMPLOYERS 62 HIGHLAND AVENUE BETHLEHEM PA 180179085 231270546 501(C)(4) 12195 CONFERENCE SPONSORSHIP SECURITIES AND EXCHANGE HISTORICAL SOCIETY 1101 PENNSYLVANIA AVE NW EVENING STAR BLDG WASHINGTON DC 20004 522213646 501(C)(3) 15000 CONTRIBUTION SOCIETY OF AMERICA BUSINESS EDITORS AND WRITERS INC 555 NORTH CENTRAL AVE ROOM 416 PHOENIX AZ 850041248 363297751 501(C)(3) 10000 CONFERENCE SPONSORSHIP TEACHERS OF ACCOUNTING AT TWO YEAR COLLEGE 5401 W 20TH STREET PO BOX 69 GREELY CO 80632 113233358 501(C)(6) 8250 CONTRIBUTION THE CONFERENCE BOARD INC 845 THIRD AVENUE NEW YORK NY 100226600 131624108 501(C)(3) 6338 MEMBERSHIP DUES THE STATE UNIVERSITY RUTGERS 291 MORTON AVE MILLVILLE NJ 08332 237086291 501(C)(3) 9000 CONFERENCE SPONSORSHIP USCHAMBER OF COMMERCE 1615 E CHAPEL HILL STREET WASHINGTON DC 20009 530045720 501(C)(6) 250000 MEMBERSHIP DUES XBRL INC 1050 CONNECTICUT AVENUE NW STE 400 WASHINGTON DC 20036 205592157 501(C)(6) 80000 MEMBERSHIP DUES 14 7 RESEARCH GRANTS 8 64861 SCHEDULE I, PART LINE 2: THE INSTITUTE VERIFIES THAT THE GRANT RECIPIENTS HAVE THE APPROPRIATE SKILLS AND MANAGEMENT TO ESTABLISH THE AGREED UPON PROGRAMS AND ARE COMPLIANT WITH THEIR EXEMPT PURPOSES. THESE RESEARCH GRANTS/STIPENDS ARE GIVEN AFTER THE WORK HAS BEEN COMPLETED. X X X X X X 1 1 X X X X X X 0 1 0 BARRY C MELANCON PRESIDENT & CEO 1285295 0 612500 0 40273 0 113656 0 28673 0 2080397 0 0 0 ANTHONY PUGLIESE TREASURER 571389 0 132210 0 74741 0 38368 0 26622 0 843330 0 16500 0 MICHAEL BUDDENDECK SECRETARY 368738 0 34320 0 0 0 33661 0 24844 0 461563 0 0 0 ARLEEN THOMAS SVP - MANAGEMENT ACCOUNTIN 568114 0 71769 0 123525 0 38338 0 21044 0 822790 0 48059 0 CYNTHIA FORNELLI EXECUTIVE DIRECTOR 1764633 0 0 0 0 0 37767 0 25555 0 1827955 0 0 0 JANICE MAIMAN SVP-COMMUNICATIONS & MEDIA 458932 0 45050 0 24763 0 66870 0 11881 0 607496 0 32852 0 MARK PETERSON SVP - GOVERNMENTAL & PUBLI 550023 0 54096 0 66160 0 37427 0 23133 0 730839 0 16500 0 SUSAN COFFEY SVP - PUBLIC PRACTICE & GL 586074 0 57900 0 70453 0 36391 0 25929 0 776747 0 16500 0 WILLIAM CARMICHAEL SVP - STRATEGY, PEOPLE & I 481852 0 96600 0 39960 0 26759 0 25115 0 670286 0 0 0 RICHARD MILLER FORMER SECRETARY 103000 0 0 0 0 0 0 0 0 0 103000 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE 457(F) PLAN: BARRY MELANCON - $100,000 ANTHONY PUGLIESE - $18,000 ARLEEN THOMAS - $18,000 CYNTHIA FORNELLI - $17,229 SUSAN COFFEY - $18,000 MARK PETERSON - $18,000 MICHAEL BUDDENDECK - $18,000 JANICE MAIMAN - $49,500 WILLIAM CARMICHAEL - $18,000 FORM 990, PART VI, SECTION A, LINE 4 IN 2016 THE BY-LAWS WERE AMENDED TO RELFECT THE FOLLOWING CHANGES: - ADDED A BYLAW WHICH STATES THAT ALL INDIVIDUALS WHO ARE MEMBERS, AFFILIATES OR ASSOCIATES OF THE AICPA SHALL ALSO BE MEMBERS, AFFILIATES OR ASSOCIATES OF THE ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS AS LONG AS THE INDIVIDUAL IS AN INSTITUTE MEMBER , AFFILIATE OR ASSOCIATE. - REVISED THE DEFINITIONS BYLAW TO DEFINE "ASSOCIATION" TO MEAN THE ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS AS IT MAY BE CONSTITUTED AFTER JUNE 30, 2016, AND TO STATE THAT "PRESIDENT" SHALL BE UNDERSTOOD TO MEAN THE CHIEF EXECUTIVE OFFICER OF THE INSTITUTE. - REVISED THE NUMBER OF INDIVIDUALS ON THE NOMINATION COMMITTEE - REVISED THE NUMBER OF BOARD OF DIRECTOR MEMBERS NECESSARY FOR A QUORUM. MUST SIMPLY BE A MAJORITY. - SENIOR STAFF CAN BE APPOINTED BY THE PRESIDENT OF THE INSTITUTE INSTEAD OF APPOINTED BY THE BOARD OF DIRECTORS WHO SHALL HAVE SUCH TITLES AS THE PRESIDENT MAY ASSIGN TO THEM, THAT THE PRESIDENT AND SECRETARY ARE OFFICERS AUTHORIZED, RATHER THAN APPOINTED, BY THE BOARD OF DIRECTORS AND, ALTHOUGH THEY MUST BE EMPLOYEES OF THE INSTITUTE, THAT THEY NEED NOT BE FULL TIME EMPLOYEES. - FINANCIAL MANAGEMENT AND BUDGETARY CONTROLS DELEGATED AND APPROVED BY THE BOARD OF DIRECTORS (PREVIOUSLY COUNCIL). - THE ANNUAL MEETING OF THE INSTITUTE SHALL TAKE PLACE ON A DATE TO BE FIXED BY THE BOARD OF DIRECTORS (PREVIOUSLY WITHIN 3 MONTHS AFTER THE CLOSE OF THE FISCAL YEAR). FORM 990, PART VI, SECTION A, LINE 6 PERSONS MAY QUALIFY FOR ADMISSION AS MEMBERS OF THE INSTITUTE IF THEY SATISFY THE FOLLOWING CRITERIA: - THEY ARE IN POSSESSION OF A VALID AND UNREVOKED CERTIFIED PUBLIC ACCOUNTANT CERTIFICATE ISSUED BY A LEGALLY CONSTITUTED AUTHORITY, OR AT ANY TIME POSSESSED THE CERTIFICATE DESCRIBED HEREIN AND THE CERTIFICATE WAS NOT REVOKED AS A RESULT OF A DISCIPLINARY ACTION, OR MEET THE EDUCATION, EXAMINATION AND EXPERIENCE REQUIREMENTS SET OUT IN THE UNIFORM ACCOUNTANCY ACT AND WHO ARE OF GOOD MORAL CHARACTER AND HAVE NEVER BEEN GRANTED A RIGHT TO PRACTICE, - THEY HAVE PASSED AN EXAMINATION IN ACCOUNTING AND OTHER RELATED SUBJECTS SATISFACTORY TO THE BOARD OF DIRECTORS, AND - WITH RESPECT TO THOSE PERSONS WHO ARE ENGAGED IN THE PRACTICE OF PUBLIC ACCOUNTING AS AN OWNER OR AS AN EMPLOYEE WHO HAS BEEN LICENSED AS A CPA FOR MORE THAN TWO YEARS, EITHER THEY ARE PRACTICING IN A FIRM THAT IS ENROLLED IN AN INSTITUTE-APPROVED PRACTICE-MONITORING PROGRAM IF THE SERVICES PERFORMED BY SUCH A FIRM ARE WITHIN THE SCOPE OF THE AICPA'S PRACTICE-MONITORING STANDARDS AND THE FIRM ISSUES REPORTS PURPORTING TO BE IN ACCORDANCE WITH AICPA PROFESSIONAL STANDARDS, OR IF AUTHORIZED BY COUNCIL, ARE THEMSELVES ENROLLED IN SUCH A PROGRAM. WITH RESPECT TO PERSONS WHO FIRST BECOME ELIGIBLE TO TAKE THE CPA EXAMINATION AFTER THE YEAR 2012, THEY SHALL HAVE OBTAINED 150 SEMESTER HOURS OF EDUCATION AT AN ACCREDITED COLLEGE OR UNIVERSITY INCLUDING A BACHELOR'S DEGREE OR ITS EQUIVALENT. AFTER 2012, A PERSON WHO DOES NOT MEET THE EDUCATIONAL REQUIREMENT MAY, NONETHELESS, BE ELIGIBLE FOR MEMBERSHIP UPON ENACTMENT (REGARDLESS OF THE EFFECTIVE DATE) OF THE EDUCATION REQUIREMENT SET OUT IN THIS SECTION BY THE STATE WHICH GRANTS THE CERTIFICATE. FORM 990, PART VI, SECTION A, LINE 7A PER THE AICPA BYLAWS, THERE SHALL BE AT LEAST ONE MEMBER OF COUNCIL DIRECTLY ELECTED BY THE MEMBERS OF THE INSTITUTE IN EACH STATE HAVING ONE OR MORE PERSONS ON THE MEMBERSHIP LISTS OF THE INSTITUTE. THE TOTAL NUMBER OF DIRECTLY ELECTED MEMBERS OF COUNCIL SHALL BE EIGHTY-FIVE. THE NUMBER OF SEATS SHALL BE EQUITABLY ALLOCATED AMONG THE STATES IN DIRECT PROPORTION TO THE NUMBER OF INSTITUTE MEMBERS ENROLLED FROM EACH STATE. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS SHALL ACT AS THE EXECUTIVE COMMITTEE OF COUNCIL BETWEEN MEETINGS OF COUNCIL, SHALL CONTROL AND MANAGE THE PROPERTY, BUSINESS, AND ACTIVITIES OF THE INSTITUTE, AND SHALL TAKE WHATEVER ACTION IT DEEMS DESIRABLE INCLUDING THE ESTABLISHMENT OF POLICIES FOR THE CONDUCT OF THE AFFAIRS OF THE INSTITUTE CONSISTENT WITH THE PROVISIONS OF THESE BYLAWS, RESOLUTIONS OF THE MEMBERSHIP, OR ACTIONS OF THE COUNCIL. AMENDMENTS TO THE BYLAWS AUTHORIZED BY THE COUNCIL SHALL BE SUBMITTED TO ALL OF THE MEMBERS OF THE INSTITUTE FOR A VOTE BY MAIL BALLOT, NO LATER THAN 180 DAYS FOLLOWING DISCUSSION OR AUTHORIZATION BY THE COUNCIL. IF AT LEAST TWO-THIRDS OF THOSE VOTING APPROVE SUCH PROPOSAL, IT SHALL BECOME EFFECTIVE AS AN AMENDMENT TO THE BYLAWS. MAIL BALLOTS SHALL BE CONSIDERED VALID AND COUNTED ONLY IF RECEIVED AS INSTRUCTED BY THE INSTITUTE FOR THE RETURN OF SUCH VOTES WITHIN SIXTY DAYS FROM THE DATE OF MAILING THE BALLOTS TO THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS ENGAGES AN INDEPENDENT CPA TAX PROFESSIONAL TO PREPARE THE FORM 990. BOARD MEMBERS GENERALLY FEEL THAT THIS IS THE APPROPRIATE FIDUCIARY PROCESS. THE BOARD OR AUDIT COMMITTEE'S ROLE IS TO EVALUATE THE PERSON(S) OR FIRM HIRED TO PREPARE THE TAX RETURN AND TO DETERMINE THAT IT IS APPROPRIATELY FILED. THE INSTITUTE HAS TAKEN THESE STEPS WITH THE AUDIT COMMITTEE. A REVIEW OF THE FINAL VERSION OF THE FORM 990 WAS ALSO PERFORMED BY THE AUDIT COMMITTEE CHAIRMAN AND BOARD CHAIRMAN, AS WELL AS, MEMBERS OF THE AICPA'S FINANCE MANAGEMENT TEAM. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY SUCH ACTIONS AS A REVIEW OF HIRED CONSULTANTS TO DETERMINE IF INDEPENDENCE DOES EXIST AND AN ENVIRONMENTAL SCAN OF BUSINESS NEWS TO ENSURE THAT NO CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE AICPA EXECUTIVE COMPENSATION COMMITTEE, COMPOSED OF THE BOARD CHAIR, PAST CHAIR, CHAIR OF FINANCE, VICE CHAIR AND ONE OTHER BOARD MEMBER, REVIEW ALL MATTERS OF COMPENSATION RELATIVE TO THE INSTITUTE'S PRESIDENT AND KEY OFFICERS. THE COMMITTEE'S ROLES AND RESPONSIBILITIES INCLUDE; 1) ENSURING THAT THE INSTITUTE'S EMPLOYEE COMPENSATION AND PAY PRACTICES ARE CONSISTENT WITH INSTITUTE VALUES AND COMPETITIVE PRACTICES IN THE MARKETPLACE, 2) ESTABLISHING AND ANNUALLY REVIEWING THE COMPENSATION OF THE INSTITUTE'S PRESIDENT AND KEY OFFICERS (INCLUDING A REVIEW OF THE CASH COMPENSATION, BENEFITS, PERQUISITES AND CONDITIONS OF EMPLOYMENT). 3) PERIODICALLY REVIEWING THE EMPLOYEES' BENEFITS WITH REGARD TO COSTS AND LIABILITIES AND 4)REVIEWING THE ACTIVITIES ANALYSES PREPARED BY THE AICPA'S EXTERNAL COMPENSATION CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE INSTITUTE'S WEB SITE: WWW.AICPA.ORG. FORM 990, PART VI, SECTION B, LINE 13: THE AICPA HAS AN ENHANCED CODE OF CONDUCT THAT PROVIDES SEVERAL OPTIONS FOR EMPLOYEES TO RAISE CONCERNS, INCLUDING THE OPTION OF RAISING A CONCERN ANONYMOUSLY WITHOUT THE FEAR OF RETALIATION. A SEPARATE WHISTLEBLOWER/HOTLINE POLICY HAS BEEN DETERMINED TO BE REDUNDANT AND UNNECESSARY SINCE THE CONTROLS IN PLACE ARE COMPARABLE. FORM 990, PART IX, LINE 11G ANTI FRAUD CONSULTING SERVICES 80,447. AUDIT COMMITTEE PROJECTS - CAQ 120,960. AUDIT FORUM 19,693. AUDIT STANDARDS BOARD 103,583. BENEFIT CONSULTING/HUMAN RESOURCES 551,877. CAQ VOLUNTEERS 81,105. CGMA MAGAZINE 48,888. CGMA THOUGHT LEADERSHIP 1,200,000. COACHING 395,312. COMMERCIAL SERVICES 7,078,996. COMMITTEE STIPEND 202,500. COMMUNICATIONS 587,014. CONTENT DEVELOPMENT 101,833. CUSTOMER RELATIONSHIP MANAGEMENT 120,084. CYBERSECURITY CAQ 86,009. DIVERSITY TRAINING 86,599. ENHANCING AUDIT QUALITY 438,848. ETHICS CASES ASSISTANCE 169,031. EXAM DEVELOPMENT & DELIVERY 10,153,767. FINANCIAL LITERACY 48,135. FULFILLMENT/STORAGE 411,039. G400 CONSULTING 132,040. GRAPHIC DESIGN 187,360. GSA CONSULTING SERVICES 8,800. HONORARIUM 82,791. IT COMMITTEE PROJECT 191,682. LEARNING DESIGN & DEVELOPMENT 592,878. LOBBYING/CONGRESSIONAL AFFAIRS 717,410. MISCELLANEOUS 467,221. PCPS NATIONAL OFFICE 366,347. PCPS PUBLICATIONS 145,101. PEER REVIEW 115,291. PHOTOGRAPHY 25,230. PRESS RELATIONS/PUBLICITY 1,129,869. PROFESSIONAL CONSULTING/DESIGN FEES 1,398,522. RESEARCH 81,815. RESEARCH/WRITE/EDIT 297,901. SURVEYS 923,447. TALENT INITIATIVE - CAQ 225,035. TRADE SHOW EXPENSES 336,708. TRANSLATION SERVICES 134,513. VIDEO PRODUCTION 122,952. WORKFLOW AUTOMATION 30,000. FORM 990, PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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