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 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...

VSCPA Responds to AICPA Exposure Draft on Auditor Involvement With Exempt Offering Documents

Oct. 13, 2016 Sherry Hazel Auditing Standards Board American Institute of Certified Public Accountants 1211 Avenue of the Americas New York, NY 10036-8775 Submitted via email to shazel@aicpa.org Re: Proposed Statement on Auditing...

VSCPA Supports Overtime Reform and Enhancement Act

On behalf of the 12,000 members of the Virginia Society of CPAs (VSCPA), we are writing in support of H.R. 5813, the Overtime Reform and Enhancement Act, which would establish a gradual implementation schedule for the Department of Labor (DOL)...

Rating: 5 (by 1 users)

VSCPA Writes Virginia Board of Education to Support Financial Literacy Graduation Requirement

The Virginia Society of Certified Public Accountants (VSCPA) would like to thank the Virginia Board of Education (Board) and the Virginia Department of Education for the opportunity to provide comment on the Profile of a Virginia Graduate.