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Monday, October 20, 2014

AICPA Asks EEOC to Back Off on Mandatory Partner Retirement Probes

The American Institute of CPAs has asked the Equal Employment Opportunity Commission to reject appeals by EEOC staff to investigate and litigate against accounting firms about their mandatory partner retirement provisions, saying in a letter Monday that the classification of partners as employees would be disruptive to the accounting profession and its business practices. The controversy stems from efforts by the EEOC's general counsel to challenge the mandatory partner retirement policies at PricewaterhouseCoopers last year and Deloitte this year.



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