News & Updates

The VSCPA, along with the American Institute of CPAs (AICPA) and other state CPA societies, strongly opposes any proposal that fails to recognize accounting as a professional degree program.

Nearly all (97%) of leaders said they are willing to pay more to partner with audit firms that leverage advanced technologies, according to BDO’s Audit Innovation Survey.

The IRS just came out of the longest government shutdown, but the deal that ended the stalemate funds the agency only through Jan. 30, just as filing season is about to begin. And that’s a concern for taxpayers and tax practitioners, two former IRS commissioners told reporters Tuesday at the 2025 AICPA National Tax Conference.

Long-time VSCPA member and speaker Art Auerbach, CPA, CGMA, received the Arthur J. Dixon Memorial Award, the AICPA's highest honor given in the tax area.

The only way to stay ahead of cyberattacks next tax season is to move from a reactive mindset to a proactive security strategy. Always assume that someone, somewhere, is using AI to test your defenses. Your job is to ensure they fail.

Though Congress ended the record-setting federal government shutdown, many questions remain for states that were already wading through seismic federal changes.

The IRS sent layoff notices to almost 1,400 employees, adding to the losses at the agency where 25% of staff had left as of May, according to a court document filed earlier this week in a lawsuit brought by unions against the federal government.

Careers are not just about the pay. If you want a job that feels meaningful and helps society or the environment, consider the world of not-for-profits.

The government shutdown has become the longest in history, and every week that passes costs the economy anywhere from $10 billion to $30 billion, based on analysts’ estimates, with several landing in the $15 billion range.

Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients. Firm owners are shifting their perspective. The 2025 Generative AI in Professional Services Report from Thomson Reuters Institute found that 68% of tax and accounting professionals are excited and/or hopeful about the future of GenAI in the industry.

Artificial intelligence has a trust problem. CPAs have the credibility and skill sets to address the issue. AI auditing and assurance is an emerging discipline that is ripe for possibilities.

The VSCPA's advocacy related to the new 120-credit hour CPA pathway was featured in this November 2025 Virginia Business article. (Subscription may be required to view.)

This article outlines the structure of the alternative pathway and discusses its advantages and challenges, drawing insights from industry professionals and academic experts. It also provides an overview of ongoing alternative pathway adoption efforts across the United States. Finally, it examines the impact of CPA Evolution on CPA Exam pass rates over the past year.

Divorce creates a web of financial and legal challenges that demand careful coordination between CPAs, financial planners and attorneys. The following sections bring together tax planning issues with valuation and forensic considerations to provide a cohesive view for practitioners.

Depending on a worker’s investment skills, life expectancy, and economic needs, taking Social Security early and investing the benefits to build a nest egg may be economically beneficial — although the longer the beneficiary lives and the higher inflation the levels over the time period, the more difficult it will be to become economically wealthier.

ASU 2025-05 provides relief for accounts receivable and contract assets under the current expected credit loss (CECL) model.

The AICPA provides conceptual frameworks for CPAs in public practice and corporate finance to apply when assessing their compliance with the Code of Professional Conduct in a particular situation.

The final few weeks before the winter holidays can be full of stress. Try a few resilience exercises to calm the storm and get through the end of the year in peace.

Every VSCPA scholar carries with them a story of ambition, discovery and the drive to succeed. Meet Juan Chan, an undergraduate senior at George Mason University and 2025 VSCPA Foundation scholarship recipient.

Embracing the sunny side of work and life will only help leaders grow their teams and businesses.