This month’s update includes information on Arizona’s legislative session and a special thank you to members for their contributions, the status of Internal Revenue Conformity bills and an update from this month’s Accountancy Board meeting.
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In the Nonhealth Regulatory Board and Occupational Licensing Feasibility Study, it was recommended that non-health regulatory boards, such as the Arizona State Board of Accountancy, be consolidated under a new licensing and regulatory division of the Department of Administration. The Board issued a response to the study.
This month’s update includes information on Arizona’s legislative session that began earlier this month, status of federal income tax conformity, regulatory reform meetings the Society is participating in with other organizations and a letter the ASCPA sent to Governor Ducey to express concerns with the concept of taxing services.
In a business world that’s increasingly turning to technology for strategic insights, the skill sets that accounting and finance leaders need on their teams are changing. To capitalize on new tools, CFOs are finding that they need people who: can use Big Data for predictive and prescriptive analytics; are comfortable with digital, mobile, cloud and software-as-a-service technologies; and have strong technological skills in the area of cybersecurity.
The AICPA peer review program subjects non-disclosure compilations to peer review. Proposed changes to the peer review rule will also accommodate changes to the AICPA standards regarding engagements for prepared financial statements (Statements on Standards and Accounting and Review Services [SSARS] No. 21). Changes will require firms to provide peer review results to the AICPA Facilitated State Board Access.reference.
An oral proceeding regarding the proposed rulemaking package to amend R4-1-455.03 has been published and is set for January 23rd.
echnical security controls cannot always defend against clever social engineering attacks, and the best solution is to provide regular periodic training to firm staff on computer security and best practices. Read this article provided by CAMICO.
For tax practitioners, communicating your value is critical – no client can be taken for granted. The good news is that marketing and communications don’t have to be difficult or expensive. The AICPA’s Tax Practitioner’s Toolkit will help you establish yourself as a leading provider of tax services, all year long. And now, the resources are even easier to find on the newly designed website.
Thinking about opting out of that office holiday party? Think again. Building a strong internal network of contacts takes time and effort, but it is key to progression in any organization. It’s a lesson that Vanessa Vallely is keen to pass on, having learned it the hard way.
This month’s update includes information on the ASCPA’s 2017 legislative priorities, the Accountancy Board’s latest meeting, an Arizona Town Hall blog, the Society’s follow-up services tax meeting, a reminder about this month’s CPA license renewal deadline and a PAC update.