What information will CPAs need to prepare for the age of intelligent enterprises or as some have called it, Industry 4.0? Intellectual capital will become increasingly important.

FASB does not have any standards on cryptocurrencies; however, Topic 350, Intangibles–Goodwill and Other, provides the accounting guidance for cryptocurrencies and thereby accounting literature addresses the common-known cryptocurrencies as crypto assets.

The same analytical tools used by companies to manage their operations will also provide CPAs the tools to better understand their clients’ operations and dramatically change the way that external audits are performed.

The 2021-2022 year continued the challenging and unprecedented time as we faced the impacts the pandemic had on our professional and daily lives.

Qualified Opportunity Zone Funds are an investment alternative offering substantial tax benefits for investments made by the end of tax year 2026, but compliance is going to be a big focus in the future.

The SEC released proposed rules requiring reporting entities to include extensive disclosures regarding climate-related matters in registration statements and the annual Form 10-K.

With the dedication of our volunteers, leaders, chapters and committed members, we are ending our 2021-2022 year with more members, more educational offerings and more progress towards the completion of our strategic plan.