Special-Purpose Acquisition Companies Growing More Popular But Present Unique Accounting Issues

The use of special-purpose acquisition companies (SPACs) has increased exponentially over the past few years. They allow investors to take companies public without the costs and delays associated with traditional IPOs. Since 2020, more than half of U.S. IPOs have utilized the SPAC structure.

By Don Carpenter, MSAcc/CPA

TXCPA Advocacy Successes Continue

During the 2023 legislative session, TXCPA successfully advocated for issues that were important in addressing the CPA pipeline. Our advocacy work was instrumental in helping students and candidates be in a good position to become licensed CPAs.

By Kenneth Besserman, JD

What’s Happening Around Texas: TXCPA Permian Basin’s 36th Annual Shrimp Boil

In What’s Happening Around Texas, we give you highlights of events and activities happening around the state in the TXCPA chapters. On September 28, more than 120 local CPAs, students and guests attended TXCPA Permian Basin's 36th Annual Shrimp Boil.

Cannabis Business: Risks and Mitigating Actions for CPAs

The U.S. cannabinoid market is projected to grow to $42.2 billion by 2026, which represents an 11% growth rate. Even with an impressive outlook for the industry, not many CPAs provide services to it. This article discusses the risks practitioners may face and what actions can be taken as they explore this industry.

By Derrick Bonyuet, Ph.D., CPA, CFA, CFP

TXCPA’s 2023 Rising Stars

TXCPA's Rising Stars Program recognizes CPA members 40 years old and younger who have demonstrated significant leadership qualities and active involvement in TXCPA, the accounting profession and/or their communities. In this article, we introduce you to the members, in alphabetical order, who are the Rising Stars honorees for 2023.

By DeLynn Deakins, MBA, Today’s CPA Managing Editor, and Jarrod Fitch, MBA, TXCPA Marketing and Communications Manager

Special Report: Accounting Firms - Unleashing Partners’ Full Potential Through Specialized Roles Will Also Increase Revenues

Accounting firms are increasingly asked to provide new expertise to their clients in response to phenomena like global crises, volatile economic markets and new working norms. No single individual can contribute in all areas at a high level, but if the partner role were redesigned to allow for some degree of focus for each, the highest and best use for each partner can be unlocked.

By Mark Masson and Jay Russell

What CPAs Need to Know About Fair Value Measurements

CPA valuation analysts are often asked to develop and report on a fair value measurement (FVM) for financial accounting purposes. This article identifies the typical errors and omissions that CPAs should look for in any consideration of an FVM.

By Robert F. Reilly, CPA