The American Institute of CPAs (AICPA) issued a statement following the passage of H.R. 1. The bill passed the House on July 3 and was signed into law by President Donald Trump on July 4. In a July 3 statement, AICPA President and CEO Mark Koziel, CPA, CGMA, noted that although no bill is perfect, …
Your accounting story can inspire the next generation. Join the Center for Accounting Transformation’s Agents of Transformation initiative to help reshape how students and career explorers see the future of accounting …
Your accounting story can inspire the next generation. Join the Center for Accounting Transformation’s Agents of Transformation initiative to help reshape how students and career explorers see the future of accounting …
The AICPA’s PEEC has proposed targeted changes to the independence rules for SSAE engagements. By updating terminology …
Prose by Tax Pros Author: Hale Sheppard, partner at Eversheds Sutherland This article was published in Tax Analysts. Given the long list of enforcement tools already available to IRS, savvy taxpayers understand that most Employee Retention Credit (“ERC”) disputes have not even started yet. Moreover, the duration and scope of these battles are likely to expand …
This 2025 update to the Standards for Internal Control in the Federal Government replaces the 2014 version and includes key …
By John J. Fenton, MBA, CEO of John J. Fenton Executive Coaching Let’s be real—change is exhausting. It’s not just the new processes, shifting expectations, or technology rollouts. It’s the relentless pace, the unclear direction, and the feeling that there’s no time to catch your breath. If you’re feeling it, your team definitely is too. …
The FASB staff just released an Educational Paper on Retainage under Topic 606—clarifying how to present and disclose retainage in construction contracts …
On March 14, 2025, the ASB released its Proposed Strategic Plan for 2026-2030. Based on the success of the ASB’s 2021−2025 …
Governor Henry McMaster issued his line-item vetoes of the state budget this past Wednesday, signaling the final act of the legislative session, as it is unlikely the General Assembly will return to address the vetoes prior to January. The legislature is now adjourned for the remainder of the year, although committees are expected to meet …
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