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State CPA Society News and Updates – Oct. 2024

CPA Practice

The Greater Washington Society of CPAs (GWSCPA) recently announced its list of board members and nominations for the 2024/2025 year. Omid Mohebbi, CPA Audit Manager GRF CPAs & Advisors Omid Mohebbi, CPA, is a Manager with GRF CPAs & Advisors and specializes in audits of nonprofit organizations and employee benefit plans.

CPA 101
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California CPAs Call For Crypto Accounting Clarity

PYMNTS

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward.

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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024.

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Why Should Skagit County Businesses Care About FASB and GAAP?

SkagitCountyTaxServices

If the last 20 years of the economy’s highs and lows, downturns and headlines taught us anything about business, it’s that complete and transparent accounting is in everyone’s best interest. One independent organization working to keep companies’ books clear and honest is the Financial Accountant Standards Board. Principles.

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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB).

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Guide to accountant responsibilities

ThomsonReuters

CPA responsibilities to clients As a trusted advisor in an increasingly complex financial landscape, certified public accountants (CPAs) have significant responsibilities for the services they provide to their clients. Accountant vs. CPA vs. tax preparer: What are the differences?

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Preventing misapplication of GAAP standards

ThomsonReuters

Therefore, preparing financial statements that are in compliance with generally accepted accounting principles (GAAP or U.S. GAAP) is paramount for accounting professionals and all of those involved in financial reporting. What are the GAAP standards? What is the main purpose of GAAP?