Accounting April 1, 2025
State CPA Society News & Updates – March 2025
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Accounting April 1, 2025
Peter Margaritis, the ‘Accidental Accountant’ Who Used Improv as a Tool to Create Positive Workplaces, Has Passed Away
Margaritis, who used his love for improvisation not only to teach college students about accounting but also how improv can be a useful and impactful communication tool in the workplace, died unexpectedly at his home on March 20. He was 64 years old.
Accounting March 31, 2025
GASB Seeks Input on Disclosures for Severe Financial Stress and Probable Dissolution
The Governmental Accounting Standards Board issued a preliminary views document on March 31 regarding proposals associated with accounting and financial reporting for severe financial stress and probable dissolution disclosures.
Accounting Standards March 31, 2025
AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement
The revised language clarifies that while not required to be applied, the accountant is not precluded from applying AR-C section 70, in whole or in part.
SEC March 28, 2025
GOP Embraces Atkins for SEC Chair, While Dems Doubt His Judgment
Senate Banking Republicans are looking forward to Paul Atkins changing how the SEC works, while Democrats question his record.
Mergers and Acquisitions March 28, 2025
Aprio and RSM US Make a Deal
Top 30 firm Aprio and top five firm RSM US have reached an agreement for Aprio to acquire RSM's Professional Services+ practice operating in the U.S. and Canada.
Mergers and Acquisitions March 27, 2025
Baker Tilly Picks Up Invoke Tax Partners in Texas
Baker Tilly said the acquisition of Dallas-based Invoke enhances its capabilities in real estate and business personal property tax, sales and use tax, and severance tax.
Mergers and Acquisitions March 26, 2025
McConnell Jones Adds Taylor CPA & Associates in Georgia
Houston-based McConnell Jones, the largest majority African American-owned and controlled public accounting firm in the U.S., has acquired Taylor CPA & Associates, a firm with offices in Columbus and Atlanta in Georgia.
ESG March 26, 2025
Sage and Village Capital Unveil First Cohort of Companies Chosen for Impact Entrepreneurship Program
The program is a three-year initiative that will support 165 entrepreneurs across Southern Europe, the UK, and the US who are making a positive environmental, social, and economic impact in their communities.
Accounting March 26, 2025
Sage Opens New North American HQ in Atlanta
The new office marks a significant milestone in the company’s long-term investment in the region, reflecting its commitment to innovation, job creation, and community engagement.
Accounting March 26, 2025
South Carolina Treasurer Accused of Violating Federal, State Law in Scathing Report on $1.8B Accounting Error
In a scathing report into the $1.8 billion accounting error where a South Carolina Senate Finance panel recommended removal of Treasurer Curtis Loftis, senators alleged the treasurer is in violation of federal law.
Auditing March 25, 2025
PCAOB Nails New York CPA Firm for Multiple Audit Failures
James Pai CPA PLLC and its sole owner and partner Yu-Ching James Pai were fined a total of $40,000 for violating multiple PCAOB rules and standards in connection with the 2021 and 2022 audits of SUIC Worldwide Holdings.