The Arkansas Society of CPAs (ARCPA) is an active professional organization of CPAs working together to improve the profession and serve the public interest. Arkansas Society of CPAs (ARCPA) is an active professional organization of CPAs The Student Education Fund was created by the Arkansas Society of Certified Public Accountants, its Charter stating among its purposes that it is to "aid, promote, develop and advance education and research relating to the study, teaching, and practice of accountancy and related allied fields.” The Student Education Fund is principally committed to making scholarships primarily to Arkansas students attending four-year colleges and universities in Arkansas.