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News

 
  • Regulatory Roundup: February 11-17

    By:
    Karen Sibayan
    |
    Feb 18, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.
  • AICPA, NASBA Propose UAA Changes Amid Various States Exploring New Pathways to CPA Licensure

    By:
    Emma Slack-Jorgensen
    |
    Feb 14, 2025

    The AICPA and NASBA are advancing proposed changes to Uniform Accountancy Act (UAA), introducing another alternative path to CPA licensure that allows candidates to qualify with a bachelor’s degree plus two years of experience. This proposal aims to address workforce shortages while maintaining professional integrity and public protection. The associations are soliciting feedback on the proposed UAA language with a comment period lasting 60 days.

  • AICPA and NASBA Release Feedback Expressing Concerns About Their Proposed Competency-Based Pathway and UAA

    By:
    Emma Slack-Jorgensen
    |
    Feb 14, 2025
    The AICPA and the National Association of State Boards of Accountancy have gathered extensive feedback on their proposed changes to CPA licensure requirements. Various stakeholders expressed concerns about the proposed competency-based pathway, prompting the associations to table this pathway for now. The associations also said the concerns about the UAA Exposure Draft, "will need to be addressed to gain broader support for the proposed revisions."
  • Accounting Firms Hire Growth Leaders as Dealmaking Increases

    By:
    Karen Sibayan
    |
    Feb 14, 2025
    An increasing number of accounting firms are hiring chief growth officers as small and midsize players in the profession are trying to stay competitive in the midst of fast-paced expansion and dealmaking.
  • House Passes Bill to Extend BOI Reporting Deadline

    By:
    Emma Slack-Jorgensen
    |
    Feb 13, 2025
    The U.S. House of Representatives unanimously passed the bill granting small businesses an extra year to comply with the Corporate Transparency Act’s beneficial ownership information reporting requirements. The bill, which now moves to the Senate, extends the deadline to Jan. 1, 2026.
  • AICPA CEO Mark Koziel on the Future of Accounting Under the Trump Administration

    By:
    Emma Slack-Jorgensen
    |
    Feb 12, 2025
    At a recent Accountants Club of America event, AICPA & CIMA CEO Mark Koziel discussed major regulatory shifts impacting the accounting profession under the Trump administration
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