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AICPA News – July 2025

CPA Practice

Ujjwal Ahluwalia (Montana), a graduate of University of Delhi with a Bachelor of Commerce (Honors), and a Chartered Accountant from The Institute of Chartered Accountants of India, is employed with American Express in Gurugram, India. accounting and finance industry.

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Upcoming Changes to FRS: What They Mean for the Hospitality and Leisure Sector

Menzies

Menzies LLP - A leading chartered accountancy firm. The Financial Reporting Council (FRC) has announced significant amendments to FRS 102, the UK’s principal accounting standard for small and medium-sized entities.

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Tax Directors & Finance Teams – Do you need to register for Pillar 2?

Menzies

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. WHAT IS PILLAR 2?

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Super-Deduction Substituted by Full Expensing

Menzies

Menzies LLP - A leading chartered accountancy firm. This relief is of a temporary nature and will expire on 31st March 2026. The acquisition of these assets must be completed prior to the deadline of 31st March 2026. The first instalment will be due on January 1, 2026, upon delivery.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Some are appointing “ESG controllers” with accounting backgrounds to impose the kinds of internal systems used to produce financial statements. In 2020, it said the process would be complete by 2026. NJ Accountant Pleads Guilty in $1.3 billion in fraudulent tax deductions supposedly aimed at preserving green space.

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