The story of Alpha Kappa Psi Fraternity begins at New York University. After the passage of the Certified Public Accountants Act of 1896 in New York State, an increasingly urgent demand arose for adequate education in all branches of higher accountancy. An important calling known as the profession of administration also developed. To meet this need for higher commercial education and a college of accountancy, the Council of New York University decided to establish a school on a broad basis of advanced instruction in political economy, accounting, and commercial law.