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 [...]
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 [...]
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 [...]
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 [...]
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: [...]
Both the AICPA and FASB are nonprofit organizations that make their financial statements available to the public. Both organizations also have a December fiscal year end which [...]
We all want to grow our businesses, but when is it enough? On this episode, David is joined by Dan Grech, Founder and Lead Instructor of BizHack, which provides [...]
Through the Enhancing Audit Quality initiative, the AICPA promotes high quality auditing and assurance, with a focus on subject matter that has created challenges for practitioners. According [...]
The AICPA's Professional Ethics Executive Committee (PEEC) has issued another proposed interpretation, this one addressing recruiting as a nonattest service. The proposal provides updated guidance on the [...]
The AICPA's Professional Ethics Executive Committee (PEEC) is proposing changes to the tax services rules with respect to independence. As part of their IESBA convergence, the rules [...]
GASB 103, Financial Reporting Model Improvements, was issued by the GASB. This standard does not make the sweeping changes to governmental funds proposed in earlier versions of the [...]
Provided by Copper Dome Strategies, LLC The Conference Committee on the state budget met this week but did not adopt a Conference Report. Primary elections were held on Tuesday [...]
The AICPA has released a proposal of Chapter 8 of the Not-for-Profit A&A Guide on Programmatic Investments. The chapter provides context as to the impact of CECL [...]
SCACPA has been asked to help support a research study conducted by a doctoral student in the Professional Leadership program at Converse University. The dissertation, titled "A Study of [...]
This content was submitted by Paychex and is not indicative of SCACPA's position, interpretation, or opinion of BOI Reporting. Paychex will offer a Beneficial Ownership Information (BOI) Reporting Service [...]
Provided by Copper Dome Strategies, LLC The Conference Committee on the state budget met and organized this week. The General Assembly will return beginning next week to deal with [...]
CAF (Centralized Authorization File) numbers are vital for tax practitioners, enabling them to represent taxpayers before the IRS. However, these numbers can sometimes be placed in "pending review" status [...]
Provided by Copper Dome Strategies, LLC State economists met this week and increased the revenue estimate adding more funds to the state budget. Governor Henry McMaster signed a number [...]
May 22, 2024 -- Today, Barry Melancon, CPA, CGMA, announced that he plans to retire on December 31, 2024, from his role as President and CEO of the American Institute [...]
This week's blog provides an overview of a recently issued PCAOB Spotlight that can help firms with evaluating audit evidence. While the report is issued by the [...]
The PCAOB has issued a Spotlight - Root Cause Analysis – An Effective Practice To Drive Audit Quality which provides details on how root cause analysis has [...]
In April, IESBA issued new guidance to provide ethical considerations for tax planning performed by those in public practice as well as those in industry. The guidance [...]
Provided by Copper Dome Strategies, LLC The 125th General Assembly adjourned Sine Die yesterday at 5:00 pm after a flurry of last week activity. The second year of the [...]
The 2023-2024 South Carolina legislative session has come to a close, marking a productive period with several victories for the CPA profession in South Carolina. Advocacy is a core [...]
Provided by Copper Dome Strategies, LLC As the clock is ticking on the 125th General Assembly, the Senate was busy debating House bills this week while the House was [...]
Among the many leading experts attending the 2024 Spring Splash is Paul Famolari, the Assistant Director for Unemployment Insurance for the South Carolina Department of Employment and Workforce. Paul [...]
The IAASB has issued their 2024-2027 Strategy & Work Plan titled Elevating Trust in Audit & Assurance. The document lays out the strategic priorities of the IAASB [...]
Submitted by Paychex Some of your clients might have to consider how the new Department of Labor Final Overtime Rule potentially impacts their business with the scheduled increases of [...]
SCACPA is thrilled to once again welcome Jennifer Louis, President of Emergent Solutions Group LLC, one of SCACPA's most popular speakers, to this year's Spring Splash. When choosing your [...]
During this legislative cycle, SCACPA has championed and supported several bills for the good of the CPA profession and the South Carolina business community. As the two-year cycle heads [...]