CPA Never under estimate the value
Finance leaders are increasingly being asked to devise plans that use new technologies to improve the bottom line. Recent survey results highlight the most common approaches leaders are taking.
Source: JOA News
Read More here – ‘Majority moves’ in tech: Finance leaders reveal popular practices
The IRS said it was providing disaster relief for individuals and businesses in all or part of seven states. Also, the AICPA sent a letter to FinCEN seeking extensions for BOI and FBAR reports that match the relief that the IRS provides for other filings, both in terms of the extended due dates and geographic scope.
Source: JOA News
Read More here – IRS provides Helene relief; AICPA seeks BOI, FBAR filing extensions
Public company audits can benefit from expert input, particularly in the rapidly changing world of cryptoassets. Also, the SEC, FASB, and FASAB issued regulatory updates.
Source: JOA News
Read More here – PCAOB inspectors offer advice in areas of risk
The AICPA and NASBA seek comments on changes that would allow states to adopt the proposed CPA Competency-Based Experience Pathway.
Source: JOA News
Read More here – CPA licensure update: Uniform Accountancy Act changes proposed
The Registered Apprenticeship for Accounting and Finance Associate program pairs employers and entry-level employees. It expands the AICPA’s apprenticeship offerings.
Source: JOA News
Read More here – New AICPA apprenticeship program expands accounting talent opportunities
The IRS announced that it will open a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the employee retention credit. The deadline is Nov. 22.
Source: JOA News
Read More here – ERC supplemental claim process opened for third-party payroll companies
The proposed Accounting Standards Update is intended to clarify guidance on hedge accounting and address incremental hedge accounting issues arising from the global reference rate reform initiative.
Source: JOA News
Read More here – FASB seeks input on hedge accounting ASU
Credit losses, debt modifications, retainage and overbillings presentation, and leases are the main items on the PCC agenda.
Source: JOA News
Read More here – Chair outlines Private Company Council’s top 4 priorities
The Core sections of the newly designed CPA Exam were graded quarterly during the testing model’s first year, but 16 grading periods are scheduled for next year.
Source: JOA News
Read More here – CPA Exam update: Core sections to offer more testing windows in 2025
The special per diem rates that a taxpayer uses in travel and business expenses will be higher starting Oct. 1, as provided by the IRS.
Source: JOA News
Read More here – IRS increases special per diem rate for business travel
