The VSCPA strives to protect and promote the CPA profession through its advocacy and government affairs efforts. VSCPA members and staff regularly monitor legislative and regulatory updates and develop comment letters and position papers when warranted. Below are letters and positions released by the VSCPA. Comments and feedback will correlate to the VSCPA Board of Directors' standing legislative and regulatory positions.
Question about a position? Contact VSCPA Vice President, Advocacy Emily Walker.
Looking for our positions on current bills in the Virginia General Assembly? Check out the Bill Tracker.
2024
- Letter to Treasury and FinCEN on BOI reporting delay Dec. 4, 2024
- Letter on UAA exposure draft Nov. 11, 2024
- Letter to AICPA & NASBA on CPA competency-based pathway Nov. 11, 2024
- AICPA state society STEM letter May 2, 2024
- Response to omnibus technical releases April 15, 2024
- IAASB response letter April 8, 2024
- Financial instruments with characteristics of equity March 28, 2024
- Letter to NASBA on structured professional program March 22, 2024
- FASB ED for conceptual framework for financial reporting concept March 20, 2024
- PCAOB proposed amendments March 18, 2024
- FASB ED response March 18, 2024
2023
- Letter to TAX asking for PTET filer relief Nov. 21, 2023
- VSCPA supports CPA Exam credit initiative Nov. 1, 2023
- VSCPA supports deadline extension and expansion in beneficial ownership reporting requirements Oct. 30, 2023
- Letter to FASB on disaggregation of income statement expenses Oct. 30, 2023
- Comments to FASAB on reexamination of existing standards Sept. 15, 2023
- Advocacy for delay in beneficial ownership information (BOI) reporting requirements Aug. 30, 2023
- Letter to governor on aging tax collection system Aug. 29, 2023
- Letter to ISSB on IFRS sustainability disclosure standard methodology Aug. 7, 2023
- Letter to PCAOB on auditing standards amendments Aug. 7, 2023
- VSCPA signs on to AICPA letter encouraging accounting receive CIP STEM designation code Aug. 1, 2023
- Letter to IASB on amendments to classification and measurement of financial instruments July 19, 2023
- Letter to VBOA on historical references to CPA licensure June 16, 2023
- Letter to FASB on proposed Accounting Standards Update on accounting for and disclosure of crypto assets June 6, 2023
- Letter to TAX on the final elective pass-through entity tax (PTET) guidelines May 30, 2023
- Letter to NASBA on amendments to UAA about CPA Exam testing window April 17, 2023
- Letter to IASB on third edition of IFRS for SMEs Accounting Standard March 7, 2023
- Letter to Virginia State Bar on UPL Opinion 219 March 1, 2023
- Letter to FASB on proposed Concepts Statement No. 8, Chapter 5 Feb. 21, 2023
- Letter to IFRS on definition of a lease and substitution rights Feb. 6, 2023
- Letter to FASB on proposed Concepts Statement No. 8, Chapter 2 Jan. 16, 2023
2022
- Letter to TAX on PTE tax guidelines Dec. 21, 2022
- Letter to FASB on Segment Reporting (Topic 280) Dec. 20, 2022
- Letter to FASAB on intragovernmental leasehold reimbursable work agreements Nov. 4, 2022
- Letter to GASB on certain risk disclosures Sept. 29, 2022
- Letter to FASB on accounting for government grants by business entities (PDF) Sept. 12, 2022
- Letter to TAX on pass-through entity tax guidelines July 8, 2022
- Letter to AICPA ASB on Special Considerations — Audits of Group Financial Statements June 17, 2022
- Letter to AICPA ASB on amendment to AU-C Section 935 May 6, 2022
- Letter to Virginia Congressional delegation on urging IRS to clarify notice suspensions March 8, 2022
- Letter to Treasury, IRS on Delaying Schedules K-2, K-2 (PDF) Feb. 24, 2022
- Letter to IASB on IFRS exposure draft on subsidiaries without public accountability Jan. 31, 2022
- Letter to FASB on Topic 270, Interim Reporting Jan. 28, 2022
2021
- Letter to GASB on communication methods in general purpose external financial reports Oct.15, 2021
- Letter to GASB on accounting changes Aug. 31, 2021
- Letter to AICPA ASB on quality management standards Aug. 30, 2021
- Letter to TAX on SALT cap workaround Aug. 17, 2021
- TAX's ruling on SALT cap workaround (PDF) Dec. 28, 2021
- Letter to VBOA on CPA Evolution Aug. 16, 2021
- Letter to Virginia U.S. House delegation on supporting STEM legislation Aug. 10, 2021
- Letter to DOLI on standard for coronavirus prevention July 29, 2021
- Letter to TAX on R&D Tax Credit application deadlines July 28, 2021
- Letter to IFRS Foundation on regulatory asset and liabilities exposure draft July 28, 2021
- Comment letter on Proposed SAS on inquiries of predecessor auditor June 29, 2021
- Letter to Gov. Northam asking for clarity on eased COVID regulations (PDF) May 25, 2021
- Letter to Virginia U.S. House delegation on tax deadline extension March 25, 2021
- Letter requesting Virginia tax deadline filing delay March 18, 2021
- Comment letter on FASB proposed Exposure Draft on Topic 805: Contract Assets & Liabilities March 14, 2021
- Letter to Virginia Congressional delegation on tax deadline extension March 12, 2021
- Letter to legislators about 2021 tax season conformity Feb. 19, 2021
- Comment letter on GASB proposed Exposure Draft: Financial Reporting Model Improvements Feb. 16, 2021
- Comment letter on FASB proposed Exposure Draft on Topic 350: Goodwill Jan. 18, 2021
2020
- Statement on racial injustice June 5, 2020
Looking for older comment letters or positions? We have them; they are just no longer online. If you require an older document, please reach out to VSCPA Vice President, Advocacy, Emily Walker.