It is critical that government entities have strong accounting, auditing, and finance functions to ensure accountability to the citizens they serve and other stakeholders. Just as important, governments need to be able to engage qualified CPA firms when external audits are required. Having a strong pipeline of CPAs in the public sector is key in both circumstances.
While the AICPA and other stakeholders in the profession are taking steps to improve the overall CPA pipeline, this joint report by the AICPA and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) examines solutions specific to the public sector.