Genuine Learning Blog: Public Sector Current Landscape & Future Recommendations
Government entities rely on strong accounting, auditing, and finance functions to ensure transparency and accountability …
Genuine Learning Blog: NASBA & AICPA Update Uniform Accountancy Act
NASBA and the AICPA have issued the 9th edition of the Uniform Accountancy Act which acts as a model piece of legislation …
AICPA Seeks Guidance on Small Business Domestic Research Tax Costs in H.R. 1
In a comment letter to the Internal Revenue Service (IRS) and Treasury, the American Institute of CPAs (AICPA) requested immediate guidance on enacted Section 174A, which relates to the treatment of domestic research and experimental expenditures. The guidance AICPA seeks would confirm that eligible small business taxpayers may immediately deduct 2024 domestic research costs on …
Genuine Learning Blog: ASB Issues New Exposure Draft on Fraud
On July 2, 2025, the ASB issued a Proposed SAS on fraud in an audit of financial statements …
SCACPA Educational Fund Awards $76,500 in Scholarships to Aspiring CPAs
SCACPA is proud to support the next generation of Certified Public Accountants. As part of that commitment, the SCACPA Educational Fund has awarded scholarships to exceptional accounting students across South Carolina. For the 2025–26 academic year, the Educational Fund Trustees are pleased to announce that a total of $76,500 has been awarded to 41 outstanding …
Transformation Trends: Ditch the Ladder
Career ladders are limiting. Jungle gyms are liberating. Climb sideways. Pivot. Innovate. It’s time accounting teams to rethink how success is defined. …
How Forward-Thinking CPA Firm Leaders are Using AI to Elevate Strategy, Deepen Client Value, and Future-Proof Their Firms
By John J. Fenton, MBA, Executive Coach to CEOs & Managing Partners of CPA Firms Let’s have a direct conversation—leader to leader. Artificial Intelligence isn’t coming to destroy your firm. But it is going to disrupt the ones that insist on doing things “the way we’ve always done them.” That’s not a scare tactic. That’s …
Genuine Learning Blog: Evaluating GAAP Choice
This report offers valuable insights into the factors that influence whether governments adopt GAAP or rely on alternative frameworks …
Disaster Relief Bill Approved by Senate, AICPA Responds
The U.S. Senate unanimously passed the Filing Relief for Natural Disasters Act, following the House’s unanimous approval earlier this year. The bill now moves to the President’s desk for signature. Under this bipartisan legislation, once the state’s governor has issued a state-level disaster declaration, the Internal Revenue Service has the authority to postpone federal tax …
Genuine Learning Blog: Q2 2025 in Review
This week’s blog covers the activity of the major standard setters in the second quarter of 2025 …