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Gov. Hochul Signs Non-CPA Ownership Bill into Law
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IRS to Waive $1B in Some Late Payment Penalties
2024 to Be a Demanding Year for Internal Auditors
SEC OKs Audit Confirmation Standards

Latest Articles

  • IRS Faces Potential Layoffs Amid Tax Season, Raising Concerns

    By:
    Emma Slack-Jorgensen
    |
    Feb 19, 2025

    Despite previous assurances that buyouts and layoffs would not take effect until after tax season, the IRS is reportedly preparing to lay off thousands of first-year probationary employees. These cuts come as part of the Trump administration’s broader federal workforce reduction efforts.

  • Regulatory Roundup: February 11-17

    By:
    Karen Sibayan
    |
    Feb 18, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.

  • AICPA, NASBA Propose UAA Changes Amid Various States Exploring New Pathways to CPA Licensure

    By:
    Emma Slack-Jorgensen
    |
    Feb 14, 2025

    The AICPA and NASBA are advancing proposed changes to Uniform Accountancy Act (UAA), introducing another alternative path to CPA licensure that allows candidates to qualify with a bachelor’s degree plus two years of experience. This proposal aims to address workforce shortages while maintaining professional integrity and public protection. The associations are soliciting feedback on the proposed UAA language with a comment period lasting 60 days.

  • AICPA and NASBA Release Feedback Expressing Concerns About Their Proposed Competency-Based Pathway and UAA

    By:
    Emma Slack-Jorgensen
    |
    Feb 14, 2025
    The AICPA and the National Association of State Boards of Accountancy have gathered extensive feedback on their proposed changes to CPA licensure requirements. Various stakeholders expressed concerns about the proposed competency-based pathway, prompting the associations to table this pathway for now. The associations also said the concerns about the UAA Exposure Draft, "will need to be addressed to gain broader support for the proposed revisions."

  • Accounting Firms Hire Growth Leaders as Dealmaking Increases

    By:
    Karen Sibayan
    |
    Feb 14, 2025
    An increasing number of accounting firms are hiring chief growth officers as small and midsize players in the profession are trying to stay competitive in the midst of fast-paced expansion and dealmaking.

  • House Passes Bill to Extend BOI Reporting Deadline

    By:
    Emma Slack-Jorgensen
    |
    Feb 13, 2025
    The U.S. House of Representatives unanimously passed the bill granting small businesses an extra year to comply with the Corporate Transparency Act’s beneficial ownership information reporting requirements. The bill, which now moves to the Senate, extends the deadline to Jan. 1, 2026.

  • AICPA CEO Mark Koziel on the Future of Accounting Under the Trump Administration

    By:
    Emma Slack-Jorgensen
    |
    Feb 12, 2025
    At a recent Accountants Club of America event, AICPA & CIMA CEO Mark Koziel discussed major regulatory shifts impacting the accounting profession under the Trump administration

  • PCAOB Withdraws Proposed Rules on Firm and Engagement Metrics to Get SEC's Support

    By:
    Karen Sibayan
    |
    Feb 12, 2025
    The Public Company Accounting Oversight Board has withdrawn two disclosure rules that the accounting profession was generally against to ensure any final proposals would get the support from a Securities and Exchange Commission (SEC) that has evolved under the new Trump administration, 

  • SEC Chair Asks Court to Pause Legal Action on  Climate-Related Disclosure Rule

    By:
    Karen Sibayan
    |
    Feb 11, 2025

    Mark Uyeda, acting chair of the Securities and Exchange Commission, took action on the Enhancement and Standardization of Climate-Related Disclosures for Investors rule adopted by the SEC on March 6, 2024.

  • Regulatory Roundup: February 4 -10

    By:
    Karen Sibayan
    |
    Feb 10, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.
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