Podcast part 1: Melancon on news and trends affecting CPAs
Journal of Accountancy Podcast · AICPA & CIMA
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Barry Melancon, CPA, CGMA, the CEO of AICPA & CIMA, joins the show this week for the first part of a two-part conversation on the state of the profession and what CPA can expect in 2024 on several fronts.
Melancon details concerns about a potential IRS shutdown in tax season, the state of ESG reporting and regulation, how elections could play out, and why the threats to CPA licensure are real.
Part 2 of the conversation will be published in an early January episode of the JofA podcast.
What you'll learn from this episode:
· Melancon's one word that sums up the state of the profession looking ahead to the new year.
· An overview of two major issues affecting CPAs: the moratorium on employee retention credit claims and requirements for beneficial ownership information reporting.
· The "significant service implications" of a potential government shutdown related to the IRS.
· Why legislation in Europe and California will have an effect on ESG reporting, even for businesses outside those areas and regardless of any SEC action on ESG.
· Melancon's assessment of "the art of compromise" in Washington.
· The reasons CPA licensure is so important.