Session Watch

The VSCPA monitors bills that could potentially affect the CPA profession, takes action whenever necessary and posts updates here.

The 2017 Virginia General Assembly session is underway. Click the links below for information on current issues of interest to Virginia CPAs and recaps of past sessions.


  • Visit the 2017 Session Watch page for issues we're currently monitoring.
  • Take a look at the 2016 Session Watch page for a recap on last year's issues.
  • Plus, check out the VSCPA's positions on various state and federal issues.

VSCPA Positions on Current Issues

Check out the VSCPA's latest involvement in top issues affecting the CPA profession. Here you'll find official positions, correspondence and statements on various issues:

VSCPA Signs on to Letter Supporting Associations in Tax Reform

As your committees work toward a simpler, fairer tax code that benefits American families and encourages job creation and economic growth, ASAE and the attached list of associations respectfully urge you to keep in mind the implications of any...

VSCPA Tax Committee Comments on Virginia Tax Amnesty Program

The Tax Advisory Committee of the Virginia Society of CPAs (VSCPA) has reviewed the Virginia Department of Taxation’s (TAX) proposed guideline for the Virginia Tax Amnesty Program. We understand these guidelines are intended to be used as staff...

VSCPA A&A Committee Comments on FASB ASU on Simplifying Classification of Debt in Classified Balance Sheet

The Virginia Society of CPAs (VSCPA) Accounting and Auditing Advisory Committee has reviewed the proposed Exposure Draft (ED), Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet, issued by the Financial...

VSCPA A&A Committee Comments on FASB ASU on Distinguishing Liabilities From Equity

The Virginia Society of CPAs (VSCPA) Accounting & Auditing Advisory Committee (Committee) has reviewed the Proposed Accounting Standards Update (ASU), Distinguishing Liabilities from Equity (Topic 480): I. Accounting for Certain Financial...

VSCPA Supports GASB Exposure Draft on Certain Debt Extinguishment Issues

Oct. 24, 2016 Director of Research and Technical Activities Project No. 19-25E Governmental Accounting Standards Board 401 Merritt 7, PO Box 5116 Norwalk, CT 06856-5116 Submitted via email to director@gasb.org Re: Certain Debt...