Genuine Learning Blog: Financial Data Transparency Act Joint Data Standards
The proposed joint data standards for the Financial Data Transparency Act (FDTA) were issued in August 2024. The public is invited to make comments on the proposed [...]
View From the Dome | October 4, 2024
Provided by Copper Dome Strategies, LLC It has been a trying and heartbreaking week in South Carolina and across the region following the arrival of Hurricane Helene last Friday, [...]
Live Stream: Hurricane Helene Tax Matters – October 23
As trusted business advisors, you understand how quickly tax and disaster recovery complexities can arise. To help you navigate these challenges, SCACPA has partnered with our peers in Georgia [...]
Genuine Learning Blog: The Risk of Access Agreements to EBP Audits
In July 2024, the Employee Benefit Plan Audit Quality Center (EBPAQC) Executive Committee issued an important letter warning auditors conducting ERISA employee benefit plan audits about the [...]
IRS announces tax relief for victims of Hurricane Helene in South Carolina; various deadlines postponed to May 1, 2025
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. [...]
From the LLR: Email Verification
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 [...]
SCACPApalooza Backstage Preview | Shhh…I Was Hacked & Can’t Tell!
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 [...]
SCACPA Welcomes Three New Partners to Strengthen Your Experience
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 [...]
Genuine Learning Blog: NPAG Releases Data-Driven Strategies
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 [...]
An Important Reminder and Exciting Legislative Update from DEW
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 [...]
Get Tax Policy Updates from the SCDOR
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 [...]
Creating a Culture that Resists the Recruiter Call
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 [...]
South Carolina Tax Landscape: 2024 Update and Beyond
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 [...]
Getting Started with Generative AI: Conquering Blank Page Syndrome
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 [...]
Occupational Fraud Trends
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 [...]
Being a Transformational Organization
Author: Doug Van Dyke, CEO, Leadership Simplified This article originally appeared in the Summer 2024 issue of the South Carolina CPA Report Recently, I had the pleasure of speaking at [...]
SCDOR Tips For Reporting Your Clients’ Tax Free Weekend Sales
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 [...]
Genuine Learning Blog: Derivative Scope Exception
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 [...]
Genuine Learning Blog: Detecting Government Fraud
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 [...]
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 [...]