Treasury: Get Ready. Get Set. FAFSA!

The very first step for students and families to take when applying for scholarships and other forms of financial assistance is completing the Free Application for Federal Student Aid (FAFSA), according to the Michigan Department of Treasury.

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Accountancy Among Happiest Careers in America

Of course, not every accountant loves their job but a recent survey revealed that accountancy, banking and finance professionals are among those Americans most happy with their careers, Fast Company reports. MICPA members Regina Nock, CPA, principal at Capocore Professional Advisors and Dominic Ortiz, CPA, CGMA, CEO & GM Potawatomi Hotel and Casino weigh in.

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Changing the Face of Accounting

MICPA member Brittani Shantel Jackson, CPA and teaching assistant in pursuit of her Ph.D. in Accounting, entered the CPA pipeline at age seven. As the MICPA continues to shine a light on its members, Brittani shines a light on the power of influence and how early exposure to finance is the key to changing the face of accounting.

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Questions You Should Ask Yourself to Protect What’s Important

Planning for the future is part of the CPA daily grind, but are you asking the right questions when it comes to planning for your own future and protecting what’s important? The Paul Goebel Group explores four questions every professional should consider when assessing the current state of their insurance and how to future proof their coverage. 

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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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Celebrate News

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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