What does this research mean for the field?

The American Institute of Certified Public Accountants has implemented a new organizational structure for accounting research, governed by the Accounting Principles Board which holds exclusive authority to issue public pronouncements on accounting principles. Novelty: ClaimNovelty.SYNTHESIS. Consensus alignment: ConsensusAlignment.ESTABLISHES_NEW_DIRECTION.

What question did this study set out to answer?

The report aims to describe the structure and governance of the accounting research activities at the American Institute of Certified Public Accountants.

March 18, 2026

Report on the Accounting Research Activities of the American Institute of Certified Public Accountants.

Puntos clave

The report aims to describe the structure and governance of the accounting research activities at the American Institute of Certified Public Accountants.
Overview of the research activities organized by the Institute.
Discussion of the roles of the Accounting Principles Board.
Examination of the processes for public pronouncements on accounting principles.
The Accounting Principles Board consists of twenty-one members from various backgrounds.
The Board has the authority to make public pronouncements on accounting principles.
The emphasis is on a new approach to accounting research initiated in the late 1950s.

Resumen

Abstract This article focuses on a report on the accounting research activities of the American Institute of Certified Public Accountants. The Institute's current approach to accounting research is something new. It originated in a suggestion made by Alvin R. Jennings in October 1957, following which a special committee was appointed to consider the matter. The special committee submitted a report in September 1958, proposing a plan for the organization and operation of the accounting research program and related activities of the Institute. The organization for carrying out research work is made up of two bodies. The first is the Accounting Principles Board. It consists of twenty-one members of the Institute, of whom thirteen are practitioners, three are teachers, three are business men, one is in government service, and one is the director of research of the Institute, Carman G. Blough. The Board is the sole group in the Institute having authority to make or authorize public pronouncements on accounting principles. The Board may make pronouncements on accounting principles which are not based on previously published accounting research studies. If it considers action on a particular matter urgent, it may instruct the Director of Accounting Research to have his staff prepare material for its consideration.

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