The National Pipeline Advisory Group has big ideas for growing talent, and a small request related to its efforts could prove invaluable for the profession.
NEWS
Great Resignation workers less satisfied than before
Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points.
Insights from ENGAGE: You don’t have to like people to lead people
A learning development adviser shares perspective on the qualities that truly matter for great leadership. Here’s a hint: You don’t have to be a “people person” to thrive.
Blind adventurer challenges ENGAGE attendees to reach new heights
The first blind person to reach the summit of Mount Everest welcomes thousands to AICPA & CIMA ENGAGE 2024 with an inspiring story.
Bias possible in IRS program for auditing refundable credit returns
The IRS said it agrees with the six recommendations from the Government Accountability Office to eliminate the bias.
IRS free filing program to become permanent with expanded scope
Commissioner Danny Werfel said the successful pilot program of Direct File encouraged the IRS to make the program available in all states and the District of Columbia.
GASB updates its financial reporting blueprint
New guidance features targeted improvements to the financial reporting model established for state and local governments 25 years ago.
Flexible work rankings: How does your region stack up?
A pair of reports break down the states where employees enjoy the most freedom when it comes to where they work and the areas where the flexible work model isn’t as common.
Key planning considerations for childfree clients
Helping the growing demographic of childfree individuals and couples plan their financial futures requires a shift in perspective.
AICPA makes recommendations to IRS on next Priority Guidance Plan
In addition to the guidance on the plan, the letter recommends that Treasury and the IRS continue pursuing tax simplification.
Report: Businesses off target on FP&A processes
Businesses are automating the wrong financial planning and analysis processes, leading to FP&A staff being overextended and burned out, according to a recent report from Gartner.
AICPA gives Gold Medal Award of Distinction to Kueppers
The AICPA presented Bob Kueppers, CPA, with the 2024 AICPA Gold Medal Award of Distinction, the organization’s highest honor.
CEO Melancon, ‘passionate advocate’ for the profession, to retire
AICPA & CIMA leader’s tenure includes the creation of the CGMA designation and creation of the Association of International Certified Professional Accountants.
IRS warns about more tax scams
The IRS said scams involving the fuel tax credit, the sick and family leave credit, and household employment taxes led thousands of taxpayers to file inflated refund claims.
SEC strengthens requirements for response to data breaches
Changes to Regulation S-P call for covered institutions to develop an incident-response plan beginning in 2026.
New SSAE caps standards related to quality management
The statement offers new definitions of “other practitioner” and completes the suite of standards that firms performing A&A services are required to use to design and implement a QM system by Dec. 15, 2025, and to perform A&A services in accordance with for engagements beginning on or after that date.
Regulations finalize PTIN fees for tax return preparers
The IRS was required to reduce the charge for preparer tax identification numbers after a federal court found the previous amount excessive. The final regulations adopt the text of interim final and proposed regulations issued in 2023 without change.
PCAOB updates general auditor responsibilities, quality control rules
PCAOB updates general auditor responsibilities, quality control rules
AS 1000, General Responsibilities of the Auditor in Conducting an Audit, replaces AICPA-provided standards, and QC 1000, A Firm’s System of Quality Control, considers the AICPA’s new quality management standards.
NPAG recommends solutions to the talent shortage
The National Pipeline Advisory Group will present an extensive draft of its findings to AICPA Council before publishing the final report over the summer.
Proposal from SEC, FinCEN calls for investment advisers to ID customers
The proposed rule would require SEC-registered investment advisers and exempt reporting advisers to establish customer identification programs aimed at curbing financial crimes.
Features
FROM THIS MONTH'S ISSUE
Building a better CPA firm: Stepping up service offerings
A key step in business model modernization is determining how to implement services that satisfy clients and employees.