The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of South Carolina that were affected by Hurricane Helene that began on Sept. [...]
This message was sent from the LLR on Sunday, September 29, 2024: The renewal period for your license is about to begin and to ensure you receive your renewal [...]
Tune in to a sneak peek of SCACPApalooza! This week, we’re turning up the volume on Richard Krenmayer & David Stasaitis from Stasmeyer. They are going to rock the [...]
At SCACPA, we’re dedicated to ensuring our members can access the best resources and services to support their success. We’re proud to introduce three new partners—Stasmayer, Unison Globus, and [...]
This past July, the AICPA's National Pipeline Advisory Group (NPAG) related its Accounting Talent Strategy Report to address the accounting talent shortage. This report was based off of [...]
Submitted by: SCDEW This article originally appeared in the Summer 2024 issue of the South Carolina CPA Report Employers who hire a Third-Party Administrator (TPA) to communicate [...]
The best way for tax professionals to receive new guidance from the South Carolina Department of Revenue’s Policy Division is to sign up for tax policy updates. Get new and [...]
Author: David R. Peters, CPA, CFP, CLU, CPCU This article originally appeared in the Summer 2024 issue of the South Carolina CPA Report Lately, I cannot go a day without [...]
Author: J William Strickland, MBA, JD This article originally appeared in the Summer 2024 issue of the South Carolina CPA Report As we navigate through 2024, South Carolina’s tax landscape [...]
Author: Liz Peuster, CAE This article originally appeared in the Summer 2024 issue of the South Carolina CPA Report The ongoing impact of generative AI cannot be understated. This technology [...]
Author: Jaclyn Veno, CPA This article originally appeared in the Summer 2024 issue of the South Carolina CPA Report Occupational fraud poses a significant risk to organizations of all sizes [...]
Submitted by: SCDOR This article originally appeared in the Summer 2024 issue of the South Carolina CPA Report Whether you are looking forward to cooler weather or looking back on [...]
GLS is celebrating their 300th blog! This one is a very exciting one! The FASB has issued a proposed ASU, DERIVATIVES SCOPE REFINEMENTS AND SCOPE CLARIFICATION FOR [...]
The AICPA's Government Performance and Accountability Committee issued the Detecting Government Fraud report in June 2024. The report highlights 4 cases of government fraud with what controls could [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 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: [...]
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 [...]
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 [...]
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, [...]
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 [...]
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, [...]
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 [...]