View From the Dome | May 10, 2024
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 [...]
Celebrating Legislative Victories in the 2023-2024 South Carolina Legislative Session
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 [...]
View From the Dome | May 3, 2024
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 [...]
Spring Splash Presents: Unemployment Insurance Updates with Paul Famolari
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 [...]
Genuine Learning Blog: IAASB Strategy & Work Plan 2024-2027
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 [...]
From Paychex: DOL Final Overtime Rule
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 [...]
Spring Splash Presents: Protect Your Practice: Nonaudit Liability, Simplified Accounting, Nonprofit Risk & Revenue with Jennifer Lewis
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 [...]
SCACPA Legislative News
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 [...]
Genuine Learning Blog: IESBA’s Strategy & Work Plan (2024 – 2027)
The International Ethics Standards Board for Accountants (IESBA) has issued their 2024-2027 Strategy and Work Plan titled TOWARDS A MORE SUSTAINABLE FUTURE: ADVANCING THE CENTRALITY OF ETHICS. [...]
View From the Dome | April 19, 2024
Provided by Copper Dome Strategies, LLC Judicial elections were held on Wednesday. There were numerous subcommittee and committee meetings as the clock is beginning to wind down on the [...]
Spring Splash Presents: Economic Update with Frank Rainwater
SCACPA is thrilled to once again welcome Frank Rainwater, executive director of the SC Revenue & Fiscal Affairs Office, to Spring Splash! Frank is renowned for his informative Economic [...]
Genuine Learning Blog – Improper Payments: FY23
GAO issued their Improper Payments: Information on Agencies' Fiscal Year 2023 Estimates report (GAO-24-106927) on March 26, 2024 which provides details on the $236 billion in improper [...]
Genuine Learning Blog: GASB Going Concern Uncertainties & Severe Financial Stress Survey
The GASB is soliciting user feedback for their project on Going Concern Uncertainties and Severe Financial Stress—Potential Disclosures. The survey should take about 15 minutes to complete [...]
OMB Pre-Releases Changes to Uniform Guidance
Submitted by Galasso Learning Solutions Further information will be made available as it happens. Upcoming GLS Governmental courses will feature deeper content on this topic, as will future SCACPA [...]
SCACPA Adds Its Name to Letter Voicing BOI Concerns
In a letter addressed to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), SCACPA and its peers voiced serious concerns regarding enforcing the reporting [...]
From the IRS: Transcript Delivery Service Authorization Change
Submitted by the IRS As part of the IRS’ effort to continue combatting identity theft and protecting taxpayers’ personal information, we’re making changes that will impact how tax professionals [...]
View From the Dome | March 30, 2024
Provided by Copper Dome Strategies, LLC Two-thirds of the eighteen-week legislative session has been completed, and just six weeks remain before the May 9 adjournment. Both chambers were busy [...]
Genuine Learning Blog – AICPA Regional Council Meeting
This week's blog will look at the hot topics discussed at the 2024 AICPA Regional Council Meetings held last week in NY, Dallas, LA & Chicago. While [...]
Genuine Learning Blog- 2024 ACFE Report to the Nations
The ACFE has issued their 2024 Report to the Nation. It provides an overview of fraud schemes as well as an update on the avatar of a [...]
Genuine Learning Blog – SEC Climate Disclosures
On March 6th, the SEC issued The Enhancement and Standardization of Climate-Related Disclosures for Investors after a 3 to 2 vote by the SEC Commissioners. [...]
Spring Splash Presents: Employee Retention Credits with Hale E. Sheppard
By Hale E. Sheppard, Esq. The Employee Retention Credit (“ERC”) has all the elements to ignite a major battle: Complex laws issued in rapid succession, multiple sources of administrative [...]
Genuine Learning Blog: FAF Reviews PCC
The Financial Accounting Foundation has opened an opportunity for stakeholders to provide feedback on the effectiveness of the Private Company Council (PCC). The review request [...]
Genuine Learning Blog: Proposed Sustainability Ethics Standard
IESBA has issued a Proposed International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA) and Other Revisions to the Code Relating to Sustainability [...]
Accountable Podcast: Will This Tax Season Be Taxing? with Bill Harden
Buckle up: It’s tax season. So what better time to explore all things tax? On this episode, David is joined by Bill Harden, Associate Professor at the Joseph M. Bryan School [...]
Genuine Learning Blog: ISAs for Less Complex Entities
In December, the International Auditing and Assurance Standards Board issued the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA [...]
Accountable Podcast: Creating the Firm of the Future with Samantha Bowling
Are innovations threatening accounting, finance and business — or shoring them up? Samantha Bowling, CPA, CFE, CGMA, joins host David Peters to offer her perspective. She tells the story of [...]
Genuine Learning Blog: 2024 NASBA CPE Standards Update
The AICPA & NASBA issued updated CPE Standards in January 2024. They made changes to definitions and clarified group internet based rules. They also addressed [...]
Accountable Podcast: Streamlining for Success with Cory Gayman
Whether you're a financial services professional or one of the business owners they serve, you may have some outdated processes and procedures to revisit -- especially given the hyperspeed [...]
Genuine Learning Blog: Proposed Concept Statement: Chapter 6: Measurement
In December, FASB issued a proposed chapter of the Conceptual Framework on measurement. The proposal identifies 2 systems of measurement: entry prices and exit prices. [...]
Genuine Learning Blog: Induced Conversions of Convertible Debt Instruments
In December, FASB issued a proposed ASU that helps organizations determine whether a transaction is an induced conversion or an extinguishment. The topic comes from [...]