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The NASBA board approved amendments to the Uniform Accountancy Act model rules for education, paving the way for major changes in the way CPAs are educated for the accounting profession. Continue Reading
Thousands of CPA firms, including many of the nation’s largest, have moved quickly to reserve their existing branded domains under the new restricted Internet domain, .cpa, according to CPA.com. Continue Reading
The AICPA Professional Ethics Executive Committee (PEEC) proposes a significantly different interpretation of independence requirements related to CPA firms loaning staff to clients. Continue Reading
Internet fraud is on the rise, but the new .cpa domain offers several advantages for the CPA profession. Continue Reading
NASBA announced that its board of directors has voted unanimously to support the advancement of the CPA Evolution initiative. Continue Reading
CPA firms will be granted six-month extensions for peer reviews, corrective actions, and implementation plans with original due dates between Jan. 1 and Sept. 30 of this year, according to a vote taken Thursday, May 7, 2020, by the AICPA Peer Review Board (PRB). Continue Reading
On Thursday, April 16, 2020, the U.S. Small Business Administration stopped accepting applications for the Paycheck Protection Program after exhausting the initial $349 billion in funding provided by Congress to fund forgivable loans to small businesses impacted by the COVID-19 pandemic. Continue Reading
The AICPA has compiled answers to top questions about taxpayer relief. Continue Reading
A member update on the Paycheck Protection Program from OSCPA President/CEO Sherri McPherson, CAE. Continue Reading
Eligible financial institutions will not be in violation of GAAP if they take advantage of the deferrals or suspensions of two FASB standards as permitted in the new federal coronavirus relief law, SEC Chief Accountant Sagar Teotia said Friday in a statement issued by the commission. Continue Reading