AICPA Names New Technical Director for Center for Plain English Accounting

The AICPA has named a new technical director for the AICPA Center for Plain English Accounting (CPEA), a resource hub for local and regional CPA firms seeking detailed, clearly explained guidance on complex accounting and assurance issues.

Thomas Groskopf

Thomas Groskopf

Thomas Groskopf, a nationally known authority on those topics, succeeds the late Dr. Tom Ratcliffe, founder of Plain-English Accounting, LLC, a highly regarded advisory service acquired by the AICPA last fall and expanded into the CPEA.

Groskopf continues as a CPA with Barnes, Dennig & Co. (FY12 net revenue of $12.9 million) of Cincinnati. He is a member of the Private Company Council, which works with the FASB to determine if and how U.S. GAAP should be adapted for private companies.

“CPAs are used to dealing with growing complexity – that’s a fundamental part of our job,” says AICPA chairman Bill Balhoff. “But even the most knowledgeable professionals occasionally encounter issues that fall outside their expertise. The Center for Plain English Accounting provides a great go-to resource for firms that need clear, timely guidance from time to time so they can ensure superior service to clients. CPEA is another PCPS firm benefit that helps build successful practices.”