Question

In which year was the American Institute of Certified Public Accountants (AICPA) founded?

• A. 1987
• B. 1887
• C. 1917
• D. 1977

Answer 1

Answer:

B. 1887

AICPA:

• Founded in 1887

• Headquarters – United States.

According to American Accounting Association (AAA):

Accounting is the process of identifying, measuring, recording and classifying economic information to permit informed judgement and decisions and users of the information.