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Encouraging signs from the new CPA Exam

While it’s early, all indications are that the CPA Evolution-aligned version of the CPA Exam, which debuted in January 2024, is performing in line with expectations.

AICPA, NASBA approve new CPA licensure path

Amendments to the Uniform Accountancy Act add a third pathway to CPA licensure: a bachelor’s degree, two years of professional experience, and passing the CPA Exam.

Review confirms effectiveness of Private Company Council

The Financial Accounting Foundation’s review of the council, which works with FASB to support the interests of private companies in the standard-setting process, concluded that the council is serving its purpose.

FROM THIS MONTH'S ISSUE

Cannabis dispensary denied ERC

The Court of Federal Claims held that Sec. 280E, which prohibits deductions and credits for businesses trafficking in controlled substances, applies to the employee retention credit (ERC), including its refundable portion, and denied a cannabis business’s claim for a refundable ERC.