SCACPA Blog2021-07-26T11:03:24-04:00

Genuine Learning Blog: SEC Proposes ESG Reporting

The SEC has proposed new environmental, social and governance (ESG) reporting and disclosure requirements for public companies. For larger companies, it would also include an attestation requirement regarding greenhouse gas disclosures. Comments are due [...]

Genuine Learning Blog: CPA Exam Transition

As NASBA gets ready to transition the CPA exam to its new format, current students were eager to know what happens if a part they passed changes and how that would be considered for [...]

SCDOR Has Tax Tips for Many of Your Clients

Submitted by South Carolina Department of Revenue No matter who your clients are, the South Carolina Department of Revenue (SCDOR) has tax tips to help guide taxpayers wherever they might be in life. Here [...]

SCATE Card: What You Need to Know

Submitted by the South Carolina Department of Revenue If you have clients who buy or sell exempt agricultural products, learn more about the SCATE card. In February, the South Carolina Department of Revenue (SCDOR) [...]

SCACPA COO/CFO Appointed to First Steps Board of Trustees

SCACPA COO/CFO Jacque Curtin, CPA, CGMA, was recently appointed to the Board of Trustees for the South Carolina First Steps to School Readiness. Senator Thomas Alexander, President of the Senate, appointed Ms. Curtin to [...]

Genuine Learning Blog: Accounting for Vaccines

The AICPA's Healthcare Expert Panel has issued a Technical Q&A regarding the accounting for vaccines that were provided during the pandemic. The guidance applies to nonprofits and for-profit entities. The TQA requires entities to [...]

AICPA Auditing Standards Board Responds to SCACPA Comments

During 2021, the AICPA’s Auditing Standards Board invited comments on its exposure draft, Proposed Quality Management Standards. According to an AICPA press release (February 2021), “the standards offer a new proactive, risk-based approach to [...]

Genuine Learning Blog: Proposed Changes to AU-C 935

The AICPA has issued an exposure draft addressing AU-C 935, Compliance Audits. This section is used when performing Single Audits. The appendix references were in need of an update from other recently issued SASes. [...]

DYK: CPAs Can File BPP Taxes Using MyDORWAY?

Submitted by the South Carolina Department of Revenue Did you know that during the month of January, the SCDOR distributes approximately 70% of its Business Personal Property (BPP) filing notices to your clients?  Why [...]

Genuine Learning Blog: Chapter 7, Presentation

FASB has issued a new Chapter to the Concepts Statements focusing on Presentation. Presentation includes how the elements are presented as totals and subtotals on the face of the financial statements. While Concept Statements [...]

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