AICPA Advocacy

TOPICS

March 26, 2025

AICPA, CalCPA jointly call for clarity regarding California climate rule

The organizations, on behalf of CPAs, responded to a request for feedback from the California Air Resources Board with recommendations related to guidance on the reporting and assurance requirements of recent legislation.

March 26, 2025

AICPA recommends prop. regs. changes for some retirement savings plans

The AICPA submitted comments to Treasury and the IRS with recommended changes to proposed regulations for automatic enrollment requirements for most newly established 401(k) and 403(b) plans under the SECURE 2.0 Act.

March 3, 2025

Treasury says it won’t enforce BOI fines or penalties against U.S. citizens, businesses

A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit beneficial ownership information reporting to foreign reporting companies only.

March 3, 2025

AICPA auditing board approves two exposure drafts for public comment

The AICPA Auditing Standards Board voted Thursday to separately expose for public comment proposed changes related to attestation review engagements and external confirmations in the AICPA Professional Standards.

February 28, 2025

FinCEN extends BOI reporting deadline, halts enforcement

The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.”

February 19, 2025

March 21 BOI reporting deadline set; further delay possible

A FinCEN alert said it would provide an update before “any further modification” of the reporting deadline, “recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided.”

February 14, 2025

AICPA, NASBA propose additional path to CPA licensure, individual mobility

Proposed Uniform Accountancy Act changes would support a path featuring a bachelor’s degree and two years of experience, as well as a mobility model necessary to protect the ability of a CPA to practice in multiple states.

February 12, 2025

PCAOB withdraws proposed rules requiring extensive firm and engagement metrics

The AICPA had urged the SEC to refrain from approving the rules, warning they would “pose significant challenges” to small and midsize firms. An AICPA statement said that the “PCAOB’s decision not to move forward with the rules is the right one.”

February 7, 2025

FinCEN hints at BOI reporting changes in court filing

If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in its filing in a Texas case.

January 30, 2025

‘A big tax year’: What practitioners need to know now

An AICPA tax leader updates listeners on the status of beneficial ownership information reporting, explains advocacy focus areas related to proposed Circular 230 regulations, and discusses the issues that would need to be negotiated to produce an extension of the Tax Cuts and Jobs Act. Listen to the podcast episode or read the Q&A.

FROM THIS MONTH'S ISSUE

Flip out with the latest Tech Q&A

The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.