CPA Never under estimate the value
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
By understanding psychological influences on decision-making, CPA financial planners can work with clients more effectively and improve how they operate their practice.
Source: JOA News
Read More here – Using behavioral science in a financial-planning practice
An AICPA committee approved a proposed revision to Statement on Standards for Accounting and Review Services (SSARS) No. 21 addressing the applicability of the standard when preparing financial statements as a part of consulting services.
Source: JOA News
Read More here – Clarification proposed for CPAs’ consulting services engagements
The IRS issued guidance for recipients of property from decedents on the basis-consistency requirement and for executors and others on basis-reporting requirements.
Source: JOA News
Read More here – Final regs. issued on consistent-basis and basis-reporting rules
