Genuine Learning Blog: SSAE 23
This past June, the AICPA has issued SSAE No. 23, Amendments to the Attestation Standards for Consistency With the Issuance of AICPA Standards on Quality Management. SSAE [...]
Genuine Learning Blog: Working Draft of Chapters 8 and 9 of Valuation of Privately-Held-Company Equity Securities Issued as Compensation Guide
The AICPA's Financial Reporting Executive Committee has issued an early working draft of chapter 8, "Inferring Value From Transactions in a Private Company's Securities," and chapter 9, [...]
Genuine Learning Blog: TQA on DOE’s Related Party Disclosure Requirements
The AICPA has issued a TQA to assist auditors with addressing how to consider the new Department of Education's related party disclosure requirements. The TQA provides example [...]
IRS Announces Relief for Areas Hit by Hurricane Debby
The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby. Affected taxpayers in South Carolina, North Carolina, Florida and Georgia [...]
Genuine Learning Blog: Proposed Changes to the Green Book
The GAO has issued proposed changes to the Standards for Internal Control in the Federal Government (the Green Book) which were last updated in 2014. The proposal [...]
SCACPA Educational Fund Awards $88,000 in Scholarships to Aspiring CPAs
SCACPA continues its steadfast commitment to fostering the next generation of Certified Public Accountants. In alignment with its objective to propel promising students into the CPA profession, the SCACPA [...]
SC Board of Accountancy Newsletter Available
The most recent edition of the SC Board of Accountancy Newsletter is available for download here. The newsletter details the upcoming New CPA Oath Ceremony to be held in [...]
Genuine Learning Blog – Why GFOA is Rethinking Financial Reporting
The Government Finance Officers Association (GFOA) has recently issued a report on Why GFOA is Rethinking Financial Reporting. Annual financial reports take a considerable amount of time and [...]
Genuine Learning Blog – Updates to Digital Assets Practice Aid
The AICPA's Digital Assets Working Group has updated the Digital Assets Practice Aid. The AICPA updated this practice aid by adding two new chapters on auditing the valuation [...]
Key Supreme Court Decisions Impacting Tax Professionals in 2023-2024 Session
The latest session of the Supreme Court brought significant decisions that directly impact the realm of tax law. Here’s a concise look at the major cases and their implications: [...]
OMB Pre-Releases Changes to Uniform Guidance
By Melisa F. Galasso, CPA, Galasso Learning Solutions LLC This article originally appeared in the Spring 2024 issue of the South Carolina CPA Report On April 4, the Office [...]
Fair Value Measurement Required for Crypto Assets Under ASU 2023-08
Jaclyn Veno, CPA | Member since 2023 This article originally appeared in the Spring 2024 issue of the South Carolina CPA Report Over the past few years cryptocurrency has [...]
Artificial Intelligence in Small CPA Firms: Balancing Innovation with Security
By Chris Jenkins, CAE, SCACPA CEO This article originally appeared in the Spring 2024 issue of the South Carolina CPA Report Artificial intelligence (AI) is reshaping how businesses operate, [...]
SCDOR Tips for Your Clients in the Business Life Cycle
South Carolina Department of Revenue This article originally appeared in the Spring 2024 issue of the South Carolina CPA Report Between March 2021 and March 2022, 21,778 South Carolina [...]
Is It Really Possible to Eliminate Busy Season?
David R. Peters, CPA, CFP, CLU, CPCU This article originally appeared in the Spring 2024 issue of the South Carolina CPA Report As the accounting pipeline continues to dwindle, [...]