News & Updates

The VSCPA is pleased to announce its officers and Board of Directors for the 2026–2027 fiscal year. The officers and directors were sworn in May 8 during the VSCPA annual business meeting.

More than half of the 1,000 employees in Modern Health’s annual Workforce Mental Health Report admitted to dealing with the stress by using alcohol or other substances on the job (52%) in the past year, and more than half said they had cried due to work stress (51%) in the month leading up to the survey.

Performance reviews are meant to be objective. Yet even the most well‑intentioned processes can unintentionally reinforce bias, especially in professional services environments like accounting, where evaluations affect promotions, pay, and long-term career trajectories.

Here’s what most small firm owners don’t realize. Authority isn’t built by size. It’s built on clarity, consistency, and usefulness.

The VSCPA has released a statement to reaffirm the importance of the CPA designation by encouraging continued and appropriate use of the CPA title as the profession evolves.

The retirement plan landscape is undergoing significant transformation as service providers consolidate and companies merge. These changes, driven by market forces and regulatory developments, have profound implications for audit work on employee benefit plans (EBPs).

The main issue contested in the new case was whether section 7508A relief should be applied broadly to taxpayer responsibilities or be limited by IRS pronouncements.

New research shows that AI and machine learning models can be made to look fair and neutral in their interpretability outputs while continuing to produce biased real-world decisions.

The “AI arms race” has created a hiring system that moves faster than ever but with far less clarity.

When transformation fatigue sets in, the risk isn’t just slowed progress. It’s stalled initiatives, disengaged teams, and missed opportunities to evolve in ways that actually strengthen a firm or finance department.

Three experts provide real-life use cases demonstrating AI and automation in finance and offer advice on costs, employee buy-in, and enabling all to learn.

On May 5, 2026, Anthropic announced it is releasing 10 ready-to-run agent templates for the most time-consuming work in financial services: building pitchbooks, screening KYC files, and closing the books at month-end.

Hiring accountants is supposed to be a rational, evidence‑driven exercise. You look for accuracy, analytical strength, reliability, integrity, judgment. Yet before a candidate even opens their laptop for a skills test, something else has already taken the wheel: Your first impression.

On May 5, 2026, the SEC proposed amendments that would give public companies the option of filing semiannual reports in lieu of quarterly reports.

New regulations going into effect July 1 put annual and lifetime caps on federal student loans and create new guidelines for repayment. Graduate students in accounting, engineering, nursing, and a host of other professions are subject to an annual borrowing limit of $20,500, with an aggregate lifetime limit of $100,000.

A new VSCPA Board of Directors statement reaffirms the importance of the CPA designation by encouraging continued and appropriate use of the CPA title as the profession evolves.

While there are countless areas where data analytics can be applied, three are particularly well suited to CPAs.

Municipal financial advisors play an important, but often under-examined, role in how state and local governments access financial markets.

Concerns about workforce and data readiness are commonly cited for AI initiatives failing to substantially boost company bottom lines, but a recent survey of nearly 1,000 business leaders revealed an unexpected leading cause — and a lack of response to that cause.

Common symptoms of chronic stress and burnout are increasingly impacting white-collar workers, especially those in the accounting profession.