News & Updates

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.)

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.

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.

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.

Mark Peterson, AICPA Executive Vice President of Advocacy and Melanie Lauridsen, AICPA vice president of tax policy & advocacy, share key developments on the federal government shutdown in this video.

CPAs we sit at the intersection of information (business intelligence, performance metrics, forecasts) and risk assessment (likelihood, mitigation strategies, and consequences). CPAs' blend of insight and prudence is exactly what decision intelligence (DI) requires, especially now that leaders are leaning on AI.

In a recent Virginia Court of Appeals decision, the general requirement that a corporation use blended apportionment factors when the corporation is an owner of a pass-through entity (PTE) was held to be inconsistent with the U.S. Constitution

The desire to hire new accounting graduates remains strong among public accounting firms, and signs point to a possible turning of the tide when it comes to supply meeting demand, according to data from the AICPA’s biennial Trends report.

Firms that integrate AI agents will scale into advisory faster than those that overlook this opportunity. Accountants who lean on these tools will become even more valuable to the firms they work for.

The tax agency provided an update Tuesday on its website about the availability of certain IRS services during the stalemate, including whether refunds will still be sent to taxpayers.

The AICPA and state societies, including the VSCPA, have pledged strong support for accounting education programs to gain STEM status, and the idea also has backing from the majority of respondents in a new survey.

Executive energy is not a private concern to be managed behind closed doors. It’s a strategic asset. Despite the massive impact, the energy levels of top leaders are almost never treated as business-critical. That needs to change.

A 2025 report finds 17% of workers are using AI tools daily, 27% never do, and less than half have training or education on the technology.