Tag Archives: AICPA

DOL Audit Report  Signals Deficiencies 

SHARE: According to a recent report published by the U.S. Department of Labor (DOL), there are significant deficiencies in audits pertaining to employee benefits plans. In fact, a recent Accounting Today article points out that the report showed major deficiencies were found in nearly 30 percent of benefit plan audits – actually signaling improvement in…

Coming Soon: The Experience, Earn and Learn Program (ELE)   

SHARE: To address the hurdles students face in earning 150 hours and licensure, the AICPA and NASBA have developed the Experience, Earn and Learn Program (ELE). The goal is to provide a route for students without the means or plan to earn their 150 through a program combining meaningful online study integrated with early work…

Access to ARPL Advocacy Tools 

SHARE: The Alliance for Responsible Professional Licensing (ARPL), of which NASBA and the AICPA are founding members, is a coalition of national associations representing highly complex and technical professions and their state licensing boards. ARPL educates policymakers and the public on the importance of rigorous licensing for engineers, architects, landscape architects, surveyors and CPAs.  Last…

CPE Standards March 31 Deadline Approaching 

SHARE: NASBA and the AICPA currently seek public comment through March 31, 2023, on their recent issuance of an exposure draft detailing proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards). Published jointly by the organizations, the Standards provide a framework for the development, presentation, measurement and reporting of CPE programs.   Previously…

AICPA Unveils Redesigned CPA Exam Blueprints  

SHARE: In January 2023, the American Institute of CPAs (AICPA) released the updated Uniform CPA Examination® Blueprints, the official document of content eligible for assessment on the Exam starting in January 2024. The Blueprints are based on the knowledge and skills required of a newly licensed CPA to meet the demands of firms, employers and…

NASBA, AICPA Seek Public Comment on Proposed CPE Provider Standards Revisions  

SHARE: Beginning December 14 through March 31, 2023, NASBA and the AICPA welcome public comment regarding their recent issuance of an exposure draft detailing proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards). Published jointly by NASBA and the AICPA, the Standards provide a framework for the development, presentation, measurement…

AICPA Issues Letter to Dept of Homeland Security on STEM  

SHARE: As the profession continues to pursue accounting as part of  STEM programs in schools through federal legislation (H.R. 3855 – Accounting STEM Pursuit Act of 2021), NASBA, the AICPA, and more than 45 State CPA Societies recently signed onto a letter to request that several Classification of Instructional Program (CIP) codes be added to…

Private Equity Investing in Public Accounting

SHARE: In late 2020, news broke of private-equity firms purchasing stake in top accounting firms and news of new partnerships continue to hit newsstands. The deals, and their terms, gained attention within the profession. The question now is, what does this mean for the future of the accounting profession?  According to Koltin Consulting Group CEO,…

CPA Exam Practice Analysis Solicits Feedback Through September 7

SHARE: The American Institute of CPAs (AICPA) is soliciting feedback on the draft content proposed in the new Core and Disciplines CPA Examination structure. Stakeholders are invited to provide their input to assist in the development of new CPA Evolution Exam Blueprints and Exam design. The profession’s input is key to the AICPA’s practice analysis,…

CPA Evolution Task Forces at Work

SHARE: Four task forces appointed by NASBA and the AICPA are working to develop high-level model curricula topics and learning objectives for the sections of the January 2024 Uniform CPA Examination, which will form the platform for the CPA Evolution. The task forces’ goal is to have their work completed by June 2021, with the…