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Political campaign accounting

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Random article Political campaign accounting is a specialty practice area of accounting that focuses on developing and implementing financial systems needed by political campaign organizations to conduct efficient
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campaign operations and to comply with complex financial reporting statutes. It differs from traditional management and financial consultancy in that it incorporates election law requirements and the
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unique requirements of political campaigns.[1]
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Background in the United States [ edit ]
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Prior to 1971, few federal and state election laws necessitated the need for professional accounting services. Accountants’ limited involvement in federal election campaigns began with the passage of the
Community portal Federal Election Campaign Act of 1971 which required financial reporting.[2][3][4] The Federal Election Campaign Act Amendments of 1974,[5] with its complex compliance and reporting requirements,
Recent changes created a paradigm shift in the way campaign finances were conducted and expert financial management of political campaigns became an imperative.[6][1]
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In 1976, the American Institute of Certified Public Accountants, identifying the need for increased participation of CPAs in the election process, published in The Journal of Accountancy a cover article
Tools entitled “Political Campaign Accounting – new opportunities for the CPA.” The article received national and international exposure in both print media and broadcast news.[7][8][9]
What links here The recognition of political campaign accounting as a professional accounting specialization was expanded when in July, 1976, the AICPA, together with autonomous state CPA organizations, assembled
Related changes a nationwide network of 600 CPAs to advise local Republican and Democratic presidential campaign organizations on the requirements for financial record-keeping and reporting.[10][11][12]
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Permanent link Later that month, it held the AICPA Presidential Advisers Conference that included Edwin K. Hall, chief counsel to the Senate Subcommittee on Privileges and Elections, Barry E. Wagman, CPA, author of
Page information The Democratic Party Campaign Treasurer's Handbook,[13] two members of the Federal Election Commission and other prominent government and accounting professionals experienced in the financial
Cite this page management of political campaigns.[12][14]
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Download as PDF 1. ^ a b "Political campaign accounting--New opportunities for the 6. ^ Freed, Bruce F. (November 1975). "This Time Everybody's Got 11. ^ "12 Aug 1976, Page 4 - The Republic at Newspapers.com" .
Printable version CPA - ProQuest" (PDF). search.proquest.com. Retrieved a Creep". Washington Monthly. Newspapers.com. Retrieved 2020-09-30.
2020-09-29. 7. ^ Alexander, Herbert E. (1984). Financing Politics: Money, 12. ^ a b Williams, Wade (September 6, 1976). "Washington report" .
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2. ^ FEDERAL ELECTION CAMPAIGN LAWS (PDF). 1971. Elections, and Political Reform . CQ Press. ISBN 978-0-87187- American Institute of Certified Public Accountants (AICPA)
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pp. 92–225. 280-7. Historical Collection. 5 (28).
3. ^ "The Past Reforms – A Look at the Laws" . Washington Post. 8. ^ Service, Public Affairs Information (1975). Public Affairs 13. ^ Office, Library of Congress Copyright (1976). Catalog of
4. ^ "11 Nov 1962, 12 - The Baltimore Sun at Newspapers.com" . Information Service Bulletin . Public Affairs Information Service. Copyright Entries. Third Series: 1974: July-December: Index .
Newspapers.com. Retrieved 2020-09-29. p. 41. Copyright Office, Library of Congress.
5. ^ "Federal Election Campaign Act Amendments (1974 - S. 9. ^ "Commerce Clearing House". CCH Accounting Articles . 1975. 14. ^ AICPA Presidential Campaign Advisers Program Report.
3044)" . GovTrack.us. Retrieved 2020-09-29. 10. ^ "Business Portfolio" . The Minneapolis Star. April 22, 1976. American Institute of Certified Public Accountants. December
1976.

Categories: Accounting in the United States Political campaigning Campaign finance in the United States

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