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Exploring Evolving Independence Standards – The AICPA’s Discussion Memorandum on APS and Private Equity

Author: Jaclyn Veno, CPA This article originally appeared in the Spring 2025 issue of the South Carolina CPA Report In March 2025, the Professional Ethics Executive Committee (PEEC) of the AICPA issued a groundbreaking Discussion Memorandum addressing a topic of mounting significance: independence in Alternative Practice Structures (APS), particularly those involving Private Equity (PE) investment. This memorandum …

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Think Differently. Achieve More: A Leadership Shift for CPA Professionals

Author: John J. Fenton, MBA, CEO John J Fenton Executive Coaching This article originally appeared in the Spring 2025 issue of the South Carolina CPA Report Let’s be honest—leadership in the CPA profession isn’t what it used to be. Rapid technological changes, evolving workplace expectations, and increasing demands for innovation are forcing us to think and lead …

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SINGLE AUDIT CONSIDERATIONS- Pandemic relief assistance makes many entities subject for the first time. Are they aware? Are they ready?

Single Audit Considerations  Melisa Galasso  In response to the devastating effect of the global pandemic on the US economy, Congress passed several laws (the CARES Act, CAA and ARPA) that contained trillions of dollars to stimulate the economy. These funds came in the form of various grants, loans and other financial assistance. The funding was received by …

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#WhyCPA? Because CPA is the Gold Standard 

Here are examples of the #WhyCPA messages: What does all this mean to you? It means your community will begin to better understand what you do and why what you do can, in turn, improve what they do. It means your community and clients will be educated on the difference between a CPA and a tax preparer or traditional accountant and …

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