Blog

Implement an end-to-end talent development framework that simultaneously supports your more junior staff, succession planning efforts, and gradual retirements to unclog your talent pipeline and pave the way for smooth exits.

While the profession continues to adapt to the changing business and social climate, the WSCPA Advocacy Team has spent the summer and fall working hard monitoring and participating in various rulemaking at different agencies which will impact the profession in the years to come.

The AICPA has issued a proposal to update key terminology and certain ethics interpretations to better align with changes made by the SEC. The AICPA issued a temporary enforcement policy earlier this year. The goal is for this proposal to make the needed alignments. Comments are due January 5, 2022.

The long awaited changes by the AICPA to Risk Assessment have been issued. SAS 145, which will be effective in 2023, updates several definitions and provides clarity on areas that had significant practice issues. We’ll review at a high level the key changes you need to know about that are coming down the pike!

Washington CPA Foundation scholarship applications for the 2022-2023 academic year are now open. As you begin working on your application, keep these tips in mind to help your application get the attention it deserves.

Governmental Accounting Standards Board (GASB) has issued GASB Statement 98 renaming the Comprehensive Annual Report to the Annual Comprehensive Financial Report.

The senior partners of my firm recently shared words of advice to our departing summer interns and the future leaders of the profession. Regardless of where you are in your career, you, too, have a unique perspective to share with future CPAs and even with your fellow members.

The AICPA has issued a proposal to make updates to the Peer Review standards. The changes are primarily formatting to make the standards more user friendly. There are a handful of substantive changes as well.

What gives you meaning and a reason to get up every day when it comes to being a CPA or for your career? Whatever the reason, having a sense of loss of purpose when you retire is both common and something to plan for so you can make the transition successfully.

Firms established by pioneering Black CPAs have left an indelible legacy on today’s accounting profession. Built by Black CPAs who succeeded despite adversity, the firms continue to play an important role in the profession’s recruitment and advancement initiatives, and with the clients they serve.

During the third quarter of 2021 the AICPA, FASB and GASB issued several final standards. While it was a light quarter from a standard setting perspective, some of the issued standards address implementation issues which are always helpful.

The AICPA's Professional Ethics Executive Committee (PEEC) has issued a proposal to revise the rules around unpaid fees. Join Melisa Galasso for this A&A Today update on the proposal.

The AICPA has issued a proposed ethics interpretation to help CPAs understand to what extent they can assist clients with implementing new accounting standards. Join Melisa Galasso for this A&A Today update on the proposal.

Many recipients of pandemic funding have never had a single audit before and may not know what is required. Here are some tips for you to help your clients through the evolving single audit process.

FASB has issued a proposed ASU addressing the accounting for investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those securities. Join Melisa Galasso for this A&A Today update on the proposal.

WSCPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for WSCPA members. This week's blog addresses the IFR4NPO Consultation Paper (part 2), which focuses on NFP Specific Financial Reporting Issues.

Do you supervise newly-licensed CPAs? Share your knowledge and expertise during a critical phase of the CPA Exam research.

This is the first in a four-part series addressing issues of retirement life that may not be thought about pre-exit as part of your plan. Tending to these issues prior to leaving your CPA career will set you up for a fulfilling and successful "third act."

In the midst of the pandemic, we all spent more time at home. Maybe learning a new skill or redefine skills. We stretched ourselves from our comfort zones. This “stretch” provided self-care, stability, safety, and happiness during so much uncertainty and instability and provided us all something to look forward to.

There are critical steps to becoming and staying an authentic leader. In this video, Scharrell Jackson, CEO and Founder of Leadership in Heels and Chief Operating Officer of Lendistry, shares tips to help you begin your journey to becoming a more authentic leader.