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State CPA Society News & Updates – Dec. 2023

CPA Practice

The West Virginia Society of Certified Public Accountants (WVSCPA) is offering an Introduction to Crypto Currency and Tax Planning. The Mississippi Society of Certified Public Accountants (MSCPA) has published the details of the MSCPA Annual Convention. The webinar, which will take place over Zoom, on January 24, 2024.

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Tuesday Morning Accounting News Brief: EY and PwC Get a New Scandal; Stop Trying to Make Sexy Accountants Happen | 1.16.24

Going Concern

Under new transparency rules implemented by CPAB in 2023, Borgers is the second American accounting firm to have its ban publicly disclosed by the audit watchdog. In January 2023, CPAB similarly censured Marcum LLP, a public accounting firm based in New York, when CPAB began to publicly disclose its enforcement actions.

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Ensuring Climate ESG Auditing Excellence: How Your Trusted Accounting Partner Makes the Difference

Withum

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.

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Monday Morning Accounting News Brief: Accounting Firms Ditch Zoom Interviews; Mississippi’s Best CPA Exam Candidates | 8.28.23

Going Concern

Howard University’s student newspaper The Hilltop talks about recruiting at the school’s annual CorpComm event: Another financial services company set up on the Yard was the public accounting firm KPMG. But the evolving edge is turning out to be more of an adjunct to cloud services than an alternative.

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Private Equity 2023 Year-in-Review and 2024 Outlook: Clearer Skies Emerge for Private Equity Amidst Challenges

Cherry Bekaert

Compliance requirements for SB 253 are as follows: Beginning in 2026 (for reporting year 2025), reporting entities are required to annually report their Scope 1 and Scope 2 greenhouse gas emissions. Since TowerBrook’s investment into EisnerAmper, the first in the public accounting sector, other private equity firms have followed suit.

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Friday Footnotes: The PCAOB-to-Practice Pipeline and Audit Quality; Ball Extension; Tim Ryan’s Replacement | 1.12.24

Going Concern

Dunckley’s decision to step down came as a surprise to many, as he was expected to remain in his role until the end of 2026. Jack Fisher, a certified public accountant (CPA) who began selling units in his abusive tax shelters at least as early as 2008, was sentenced to 25 years in prison.

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California Passes Workaround to the Federal Limit on State Tax Deductions

KROST

The law is retroactive to years beginning on or after January 1, 2021 and continues for years ending before January 1, 2026. For years beginning after January 1, 2022, and before January 1, 2026, the PTE is required to make two payments. For most PTEs this will be March 15, 2022. He joined KROST in 2020. Full Bio.