News & Updates

While a growing band of states have passed new CPA licensure laws, employers, universities, students and regulators are just beginning to grapple with how the new rules will work.

On June 19, 2025, the VSCPA commented on the Virginia Board of Accountancy’s (VBOA) proposed emergency regulations to amend the education, experience and substantial equivalency requirements under §18VAC 5-22 of the Virginia Administrative Code.

The VSCPA Accounting & Auditing Advisory Committee has reviewed the Exposure Draft (ED) — Accounting for Debt Exchanges, issued by the Financial Accounting Standards Board (FASB or the Board).

The VSCPA urges Congress to oppose provisions included in the House Ways and Means Committee’s tax reform legislation that unfairly target the ability of service businesses structured as pass-through entities to deduct their state and local taxes (SALT) from their federal tax liability while providing no such limit to other businesses.

Ups (passing pipeline legislation) and downs (threats to rolling conformity) made this year’s Virginia General Assembly one for the books.

The VSCPA reviewed the Exposure Draft to the Uniform Accountancy Act, Eighth Edition - January 2018 — issued by the AICPA and NASBA on March 4, 2025.

The VSCPA Accounting & Auditing Advisory Committee (Committee) reviewed the Exposure Draft (ED) Accounting for Government Grants by Business Entities (Topic 832), issued by the Financial Accounting Standards Board (FASB).

For Immediate Release Emily Walker, VSCPA (804) 612-9428 ewalker@vscpa.com Richmond (Feb. 17, 2025) — The Virginia Society of Certified Public Accountants (VSCPA) applauds the Virginia House and Senate for passing VSCPA-backed legislation to address a crucial barrier preventing accountants from

The VSCPA Accounting & Auditing Advisory Committee has reviewed the Exposure Draft (ED) — Subsequent Events, issued by the Governmental Accounting Standards Board.

The VSCPA Accounting and Auditing Advisory Committee has reviewed the proposed Accounting Standard Update Intangibles-Goodwill and Other – Internal Use Software (Subtopic 350-40); Targeted Improvements to the Accounting for Internal-Use Software.

The VSCPA Accounting & Auditing Advisory Committee (Committee) has reviewed the Exposure Draft (ED) — Equity Method of Accounting — IAS 28 Investments in Associates and Joint Ventures.

For Immediate Release Tina Bates, VSCPA (804) 612-9416 tbates@vscpa.com Twitter: @vscpanews Richmond (June 1, 2023) — The Virginia Society of CPAs Political Action Committee (VSCPA PAC) is pleased to announce its officers and Board of Trustees for the 2023–2024 fiscal year. The members were