Bryan Strickland

2 weeks ago | journalofaccountancy.com | Bryan Strickland

news ACCOUNTING EDUCATION The perceptions held by high school and early college students about accounting are trending in a positive direction, positioning the profession for an opportunity to continue strengthening the talent pipeline.

2 weeks ago | journalofaccountancy.com | Bryan Strickland

news AICPA ADVOCACY AICPA leadership is monitoring a legislative proposal that would defund the PCAOB, saying in a statement Monday that it “is committed to supporting the drivers of audit quality.” The House of Representatives’ Financial Services Committee released draft language for a measure that would defund the PCAOB and transfer its activities to the SEC. Under the proposal, transferred duties would include the PCAOB’s inspections and enforcement activities involving firms that audit...

2 weeks ago | journalofaccountancy.com | Bryan Strickland

news PERSONAL FINANCIAL PLANNING Nearly two-thirds of Americans are worried more about saving enough money for retirement than they are about dying. The combination of longer lifespans, high inflation, concerns about Social Security, and market volatility is leading to the concerns illustrated in a new survey.

3 weeks ago | journalofaccountancy.com | Bryan Strickland

news AICPA ADVOCACY The AICPA and the California Society of CPAs (CalCPA) recommended to the board responsible for implementing California’s climate risk disclosure rules that it consider clarifications to ensure CPAs can effectively support a practical and efficient climate disclosure framework.

3 weeks ago | journalofaccountancy.com | Bryan Strickland

news ACCOUNTING & REPORTING The AICPA Accounting and Review Services Committee (ARSC) voted Wednesday to issue an amendment clarifying that a CPA preparing financial statements as part of a consulting services engagement performed in accordance with CS Section 100, Consulting Services: Definitions and Standards, is not required to apply AR-C Section 70, Preparation of Financial Statements. Statement on Standards for Accounting and Review Services (SSARS), Applicability of AR-C Section 70 to...