Advocacy That Makes a Difference

The TXCPA Federal Tax Policy Committee is dedicated to advocating for our members and the accounting profession at the national level. Our team of experienced professionals reviews federal tax legislation, regulations, and administrative pronouncements to ensure your voice is heard in Washington. Through proactive engagement, we provide thoughtful feedback and expert input to policymakers, striving to shape fair and effective tax policy that supports the needs of our members and the broader accounting community.

What We Do

Analyze proposed federal tax laws and regulations for their impact on our members and the profession.
Submit formal letters, comments, and recommendations to key government agencies and officials.
Keep TXCPA members informed about critical policy developments and opportunities for engagement.
Represent the collective expertise and interests of Texas CPAs in the federal policy-making process.

Response Letters and Articles

We are committed to transparency and keeping you updated on our advocacy efforts. View the most recent letters submitted by the Federal Tax Policy Committee, as well as articles drafted on recent federal tax issues here.

PCAOB Firm and Engagement Metrics and PCAOB Firm Reporting

Firm and Engagement Metrics view proposal

Firm Reporting view proposal

View TXCPA comment letter (May 28, 2024)

PCAOB News Release (April 9, 2024)

Firm and Engagement Metrics

The TXCPA Professional Standards Committee (PSC) recognizes that some large firms are already providing many of the firm-level metrics specified in the Release and all stakeholders would benefit from a consistent calculation methodology and comparable presentation format. In general, the PSC agrees with the 11 proposed areas at the firm level

Firm Reporting

The Firm Reporting requirements would create significantly increased data accumulation and event monitoring and reporting burden on firms, with a disproportionate impact on smaller firms. The PSC recommends that smaller firms be exempted from the proposal’s expanded Special Reporting and Cybersecurity reporting requirements, including the reduced reporting deadline, as these firms do not represent systemic risk to the profession.

Why This Matters

This incredibly important work helps ensure that tax regulations and accounting standards are fair, practical, and serve the public interest. Discourse with regulatory bodies during rulemaking can make a huge impact on our economic well-being.
A Public Service

Providing feedback to standard setting and regulatory bodies on proposed rules is of crucial importance. Accounting professionals provide a grassroots perspective from those who understand the wider ramifications of rules compliance.
We Need You!

Volunteerism is at the heart of our all our advocacy efforts. Fresh faces and new perspectives are always much welcome - and much needed. Make your voice heard and make a difference!
Volunteer