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“Each year, the Women to Watch Awards celebrate the remarkable leaders at the forefront of the profession in Florida,” Weir said. “I thank Kristen and Alex for the contributions they’ve made to the FICPA and congratulate them on this richly deserved honor.”

The FICPA is excited to report that we have mounted a successful defense of the CPA profession: The deregulation bill we’ve spent several weeks fighting has been officially withdrawn in the Florida Legislature.

The initial announcements from the House Speaker and Senate President did not provide any additional information on the outcome of the concerning components of SB 110. At this time, no additional member action or outreach to legislators is needed.

In today’s volatile and technology driven business landscape, finance leaders are learning not only how to weather the storm but how to surf the waves of change. AICPA's Barry Payne offers these insights into the evolving role of corporate finance and accounting professionals, using feedback and stories from the AICPA & CIMA Future of Finance Group.

“You have my commitment to help facilitate what I can during my term as chair – to listen and connect,” Lexy Kessler said in her acceptance speech. “Helping to move our profession forward on the pipeline, innovation, adapting technology at a disruptive pace and celebrating the value of our profession.”

AICPA and NASBA have approved model legislation for an additional CPA licensure path. The bachelor’s degree path, paired with two years of professional experience and passage of the CPA Exam, will become part of the model accounting law. Individual states will need to enact legislation and/or adopt rules and regulations, depending on the jurisdiction, before candidates can pursue this path.

On Tuesday morning, a proposed committee substitute for HB 991 – Community and Economic Development by Rep. Giallombardo passed the House Commerce Committee. This bill – which is the next step on the path to total CPA deregulation – is now ready to be heard by the full Florida House, and we need you to contact your state representatives now.

In this blog post co-authored by the state societies of California, Florida, Illinois, New York, Pennsylvania and Texas, we're setting the record straight and providing clarity on what these legislative changes across the country mean for the CPA profession and its future.

An AICPA Professional Ethics Executive Committee task force is seeking feedback after issuing a discussion memorandum featuring its preliminary conclusions about potential revisions to independence rules related to alternative practice structures. Public comments should be emailed to ethics-exposuredraft@aicpa.org by June 15.

As states explore alternative CPA licensure pathways, CPA society representatives, including the FICPA's Shelly Weir, addressed the misconception that they want to remove the 150-hour requirement during a recent webinar.

The American Institute of CPAs and the National Association of State Boards of Accountancy are seeking comment over the next 60 days on proposed changes to the profession’s model law that would enable an additional path to CPA licensure.

The U.S. Treasury Department on Sunday announced that it will not enforce Corporate Transparency Act reporting requirements against U.S. citizens or domestic reporting companies. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only.

FinCEN on Thursday announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines.

More than 3,500 employees in the Small Business/Self-Employed (SB/SE) division of the IRS will lose their jobs this week, according to an email sent to IRS managers on Wednesday. The Associated Press, The New York Times, and other outlets, citing anonymous sources, reported higher totals of IRS employee terminations.

Following a federal court ruling on Tuesday, the Financial Crimes Enforcement Network (FinCEN) has announced that "for the vast majority of reporting companies, the new deadline to file an initial, updated, and/or corrected BOI report is now March 21, 2025."

A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements, but the federal enforcement agency has promised at least a 30-day delay before new filings will be required.

AICPA leaders said Sunday the IRS should consider the needs of taxpayers and preparers as officials make plans to carry out President Donald Trump's direction to cut the federal workforce. "Americans deserve a fully functioning agency that can be respected by taxpayers and their preparers, thereby allowing them to comply with their tax obligations," AICPA President and CEO Mark Koziel, CPA, CGMA, said.

The AICPA and NASBA on Thursday night announced that they “are advancing model legislative language that enables an additional path to CPA licensure.” Specifically, they have asked the Uniform Accountancy Act (UAA) Committee to add a pathway to CPA licensure and provide for individual automatic mobility between states.

The PCAOB on Tuesday withdrew its request for SEC approval of rules that would have required registered firms to report a significant new set of firm and engagement metrics. Read more from the Journal of Accountancy.

The FICPA last week honored the graduates of its 2024-25 Leadership Academy during a special celebration at the DoubleTree Hotel in Tallahassee as part of our annual CPA Day at the Capitol.