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Monday, October 20, 2014

AICPA Urges EEOC to Stop Investigating Accounting Partnership Retirement Practices

In a letter to the Equal Employment Opportunity Commission , the American Institute of CPAs has asked commissioners to reject staff appeals to investigate and litigate against accounting firms regarding partner retirement provisions, saying the classification of partners as employees would be very disruptive to the accounting profession and its business practices. In the October 20 letter, AICPA President and CEO Barry Melancon, CPA, CGMA, explained, "We understand that the EEOC staff is currently investigating and considering litigation against accounting firms regarding the partner retirement provisions in their partnership agreements.



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