Center for Plain English Accounting

The Center for Plain English Accounting (CPEA) is the AICPA’s national A&A resource center, sponsored by the Private Companies Practice Section. The CPEA’s team of experts assists members with their accounting, auditing, attest, review, and compilation needs by sharing technical advice and guidance in a straight-forward manner.

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CPEA Member Testimonials

To read more member testimonials, click here.


“The Center for Plain English Accounting is our Firm’s most valuable resource provided by the AICPA. Their webcasts and reports are concise, informative and provide numerous tips, examples and best practices which we have incorporated in our practice. Their on-site training and technical inquiry support is unsurpassed. Our membership in the CPEA and use of their resources has led to a direct improvement in our engagements, services and client communications. I would recommend membership in the CPEA to all Firms if they are not already participating."

– Mark D. Murphy, Managing Partner, LTSP, Inc.


To add your testimonial, please e-mail us at cpea@aicpa.org.

Recent Reports

FASB ASC 842 (Leases): Underestimated Effective Date Adjustment Approaches
November 17, 2021

Auditing Disclosures in Governmental & NFP Financial Statements: Are There Material Misstatements Hiding in
Plain Sight?

November 17, 2021

CPEA Compensation Series: Deferred Compensation Arrangements
November 17, 2021

CPEA Compensation Series: Compensated Absences
October 20, 2021

Auditing Estimates of Future Cash Flows: Impact of COVID & Auditing Tips
October 20, 2021

SAS 135 - Not To Be Overlooked!
October 20, 2021

A Nuanced Look at SAS 134 Reporting Requirements
September 22, 2021

Practice Tips Related to GAAS, GAS, and Single Audit Requirements
September 22, 2021

Navigating Contingencies
September 22, 2021

Discount Rate for Lessees: What are the Options?
August 18, 2021

FRF-SME Financial Statement Disclosures & AU-C 800
August 18, 2021

More Than Just the Audit Opinion: SAS 134 Significant Changes Unrelated to the Auditor’s Report
August 18, 2021

Gifts-in-Kind Presentation & Disclosure: Tips for Complying with ASU 2020-07
July 21, 2021

Improving Risk Assessments in Private Company Audits
July 21, 2021

Auditors’ Responsibilities Related to Cybersecurity Risks Including Audits of EBP Plans
July 21, 2021

Lessee’s Financial Statement Presentation of Leases
June 16, 2021

FASB Changes Effective for Calendar Year 2021
June 16, 2021

Lease Disclosures for Lessees: Checklist & Illustrations
May 19, 2021

Impacts of COVID-19: Reporting Exit and Disposal Costs Important Reminders & Key Questions
May 19, 2021

Shuttered Venue Operators and Restaurant Revitalization Grants: Issues Related to CPA Involvement
May 10, 2021

Classification of Debt: Navigating the Precarious Path
April 21, 2021

Management Representations: PPP Loans, Relief Funding & Other COVID Matters
April 21, 2021

Not-for-Profit Functional Expense Reporting: Common Area of Noncompliance
April 21, 2021

Top Preparation, Compilation, and Review Engagement FAQs
March 17, 2021

Lease Component, Non-Lease Component, Non-Component
March 17, 2021

State and Local Government Financial Statements: Common Auditing & Financial Reporting Deficiencies
March 17, 2021

PPP Loans: Debits, Credits, and Financial Reporting FAQS
February 23, 2021

Variable Lease Payment Structuring and Anti-Abuse Rules Under FASB ASC 842?
February 17, 2021

Employee Retention Tax Credit + PPP Expenses Update + Legal Release under FASB ASC 470
February 17, 2021

Review Engagements: Designing & Performing Effective Analytical Procedures
February 17, 2021

Navigating Disclosure Requirements for OCBOA Financial Statements
January 20, 2021

Understanding the Attestation Standards: Simplifying the Mystery
January 20, 2021

Covid-19 Fraud Risk: Practical Guidance - Revenue Recognition
January 20, 2021

Accounting & Auditing Practice Risk During the Pandemic - Part 2
December 16,2020

FASB Changes Effective for Calendar Year 2020
December 16,2020

Updates on PPP, Goodwill Impairment, and Materiality
December 16,2020

Observing Inventory Counts Virtually: Considerations & Procedures
November 23,2020

Accounting & Auditing Practice Risk During the Pandemic - Part 1
November 18, 2020