NCACPA’s Accounting & Auditing (A&A) Resource Group has been focused on thoughtful and timely response to several key exposure drafts. Their dedication to reviewing complex proposals, providing expert feedback, and representing the perspectives of North Carolina CPAs ensures our profession remains both proactive and well-informed.
The AICPA Accounting and Review Services Committee recently included several of NCACPA’s comments in the final version of the proposed SSARS update on the applicability of AR-C Section 70 to financial statements as part of a consulting services engagement. Thanks to the thoroughness and feedback of the A&A Resource Group members, our standards advocacy continues to create results.
April 11, 2025: Financial Key Performance Indicators (KPIs) for Business Entities
March 31, 2025: Proposed Accounting Standards Update Interim Reporting (Topic 270)
March 15, 2025: Proposed revisions related to simultaneous employment or association with an attest client
Comments on the AICPA Professional Ethics Executive Committee’s proposed revisions related to simultaneous employment or association with an attest client.
February 28, 2025
FASB’s Proposed Accounting Standards Update—Government Grants (Topic 832)
January 20, 2025
FASB’s Proposed Accounting Standards Update— Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40)
December 20, 2024
Proposed SSARS Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement
Thank you to the group, led by co-chairs Melisa Galasso, CPA, and Ben Ripple, CPA, for their continued leadership and advocacy in shaping the future of accounting standards.