News

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PCAOB Adopts HFCAA Determination Framework

Last week, the Public Company Accounting Oversight Board (PCAOB) held an open meeting to decide on the adoption of a new rule concerning the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA). The rule, which provides a framework for the board to use when determining whether it us unable to inspect or investigate completely registered public accounting firms located in a foreign jurisdiction due to certain positions taken by one or more authorities in that jurisdiction was adopted.

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Tax Season Prepared With a Side of Single Audit

Single audits are the talk of the town these days, as more businesses than ever received federal aid for the first time in 2020 and 2021. While not all federal aid recipients will require a single audit, auditors and practitioners are rightly preparing for an inevitable influx of demand. In an effort to assist its members with this emerging need, the MICPA has collated these resources developed by industry experts to ease the way.

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Bringing Dreams Into Focus

MICPA member Raymond Poirier, CPA, founder and owner of RP Financial CPA LLC, believes in the power of enabling – dreams, that is. Find out how what he says sets CPAs part from other advisors and why he loves helping his clients plot the course to their dreams.

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MICPA Announces 2021 Outgoing Board Members, Welcomes New Addition

MICPA Award Season also kicks off a new board of director’s session, and we as you to join us as we thank our 2021 outgoing board members, Lisa Howze, CPA, MSF, author and public speaker, Marc Lichtman, CPA, Partner at UHY, LLP, Stacie Kwaiser, CPA, and Chief Operating Officer at Rehmann, and outgoing officer and past chair Rob Johnson, CPA, MSF and CFO at Shift Digital for their service on the board. With a new session also comes new additions, and so the MICPA welcomes incoming board member Victoria Mundinger, CPA, and Senior Manager of Advisory and Tax Services at Rehmann!

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FASB Proposes Improvements to Fair Value Guidance for Equity Securities

The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) that would improve financial reporting for investors and other financial statement users by increasing comparability of financial information across reporting entities that have investments in equity securities measured at fair value that are subject to contractual restrictions preventing the sale of those securities.

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MICPA Announces 2021 Awards

You sent us your nominees, the MICPA Award Committee convened, and we are now pleased to present the 2021 MICPA Award honorees. Join us as we recognize those professionals that rose to the challenges of the past year through remarkable contributions and dedication. Without further ado, this year’s winners are…

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Why Others Decided to Protect What’s Important

As life changes, so do the requirements for life insurance. In a recent customer survey, The Paul Goebel Group examined the many reasons other MICPA members have reconsidered their coverage and made changes to their policies throughout various life events.

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International Literacy Day 2021: Bridging the Divide in Your Neighborhood

As International Literacy Day approaches, the MICPA revisits the importance of keeping literacy relevant, even in a world surround by seemingly unlimited access to reading. Find out how you can make a difference in an issue that continues to be a human rights concern for more than 30 million American adults and 750 million people worldwide.

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Have You Protected What’s Most Important?

It is not uncommon for financial advisors to assist their clients with planning everything from budgets to estates, but what about ensuring their own protection? The Paul Goebel Group discusses the importance of remembering to think about your own plan for the future, specifically how insurance is a smart choice for your life, right now.

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Corporate Ladder Actually More Like a Lattice

Climbing the corporate ladder has been replaced with scaling the corporate lattice, a nonlinear career development model to which today’s business world is rapidly attempting to align. The MICPA explores what has been driving the shift (aside from the obvious) and how companies can work to get up to speed with a workforce that values purpose over influence.

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