News

Companies have an opportunity to make a clean break this year, with the pandemic requiring a more agile approach. We have seen three things that work.

On, July 1, 2020, NASBA, AICPA, and Prometric launched year-round testing. The new continuous testing model provides greater candidate flexibility and convenience, with more than 75 additional testing dates available throughout the year.

System and Organization Controls (SOC) examinations performed by CPAs can give companies assurance that outsource providers possess appropriate controls. And in an environment with increased outsourcing and rapidly changing risks, the growing need for these reports presents a business opportunity that CPA firms may wish to consider.

Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected. Guests are Skip Braziel, vice president–State Regulatory & Legislative Affairs at the AICPA, and Jennifer B. Briggs, president and CEO of the Indiana CPA Society.

This episode addresses how and why CPA licensure requirements might evolve as a result of the technological revolution that’s transforming the accounting profession. The episode’s guest is Carl Mayes, the associate director for CPA Quality and Evolution at the AICPA.

The coming of summer means longer, lazier days filled with outdoor fun. But once we’ve packed away the thick wool and sleek leather jackets that defined our winter existence, we’re often faced with an unpleasant truth: months of indoor living have left us feeling unprepared for outdoor activities like beach volleyball and surfing. And many times, a long winter may have left your firm a little out of shape, too.

Technological innovation is changing the services CPAs provide and how they provide them. As the knowledge and skills CPAs need evolve, NASBA and the AICPA are exploring if CPA licensure should evolve too.

The FAF issued its 2018 Annual Report, “Standards That Work: Rising to Meet the Future.” It provides a glimpse of how the FASB and the GASB develop standards that work today and for the future—and how the FAF supports that process. For the FASB and the GASB, it includes robust research, implementation support, and an eye toward technical innovation. For the FAF, it includes appointing the right people to the Boards and implementing the right systems to support successful standard setting.