A bill introduced in the Senate would expand student awareness and access to educational opportunities in accounting via the technology portion of the science, technology, engineering, and math program.
Businesses urge Treasury to destroy BOI data and finalize exemption
Just over 100 business associations asked Treasury Secretary Scott Bessent to purge previously submitted beneficial ownership information records and quickly finalize a rule exempting U.S. companies from BOI reporting.
Department of Education notice clarifies ‘professional’ degree definition
The notice of proposed rulemaking states that the exclusion of certain degree programs, including accounting, from the definition “does not reflect a value judgment” but rather serves as a technical term to define levels of federal student loan limits. An AICPA statement expressed appreciation for the “recognition of the broad definition and various aspects of the word ‘professional.’”
Change at the top: PCAOB will feature new chair, 3 new board members
The SEC appointed a retired EY partner as chair to “usher in a new day at the PCAOB.”
Profession Ready Initiative targets gaps in early-career CPA readiness
The AICPA project will collect extensive data, beginning with a survey live now, that will support the development of resources to help employers, academics, and early-career professionals navigate a rapidly evolving workplace.
Features
FROM THIS MONTH'S ISSUE
AI risks CPAs should know
Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.
