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  • AICPA Statement on Proposed Changes to Structure of the Public Company Accounting Oversight Board

    April 28, 2025

    NEW YORK (April 28, 2025) -- The House Financial Services Committee has released draft language for a measure that would defund the Public Company Accounting Oversight Board (PCAOB) and transfer its activities to the Securities and Exchange Commission.

  • Deana Infield Assumes Board Chair Position

    April 1, 2025

    Deana A. Infield becomes the 94th Chair of ARCPA’s Board of Directors on April 1, 2025

  • FinCEN extends BOI reporting deadline, halts enforcement

    February 28, 2025

    The Financial Crimes Enforcement Network (FinCEN) will extend the current March 21 beneficial ownership information (BOI) reporting deadline, has suspended BOI enforcement, and will develop new regulations it says will reduce "regulatory burden," the agency said Thursday.

  • AICPA Releases Statement on IRS Ability to Help Taxpayers Meet Filing Obligations

    February 17, 2025

    The American Institute of CPAs (AICPA) president and CEO, Mark Koziel, CPA, CGMA, released the following statement highlighting the need for the Internal Revenue Service (IRS) to have the ability to meet the needs of taxpayers and tax preparers during this filing season: “For many years, one of the top priorities at the AICPA has been to promote efforts that ensure the IRS has the appropriate resources to meet the needs of taxpayers and preparers. Our goal is to support taxpayers and our members during times of uncertainty and to provide guidance to help navigate any changes that may affect critical, time-sensitive interactions with the IRS. “Many are concerned with potential challenges that could arise from recent changes throughout government. While there is a lot of speculation and many unknowns, the AICPA is actively monitoring the situation and engaging with IRS leadership and other key stakeholders to understand and mitigate the impact of these changes on IRS services. “IRS service levels and modernization efforts have seen progress since the COVID-19 pandemic and we are committed to seeing those efforts continue. Americans deserve a fully functioning agency that can be respected by taxpayers and their preparers, thereby allowing them to comply with their tax obligations.”

  • Injunction lifted; FinCEN extends most BOI deadlines to Jan. 13

    December 26, 2024

    The deadline for most reporting companies to file beneficial ownership information (BOI) reports was extended to Jan. 13, 2025, by the Financial Crimes Enforcement Network (FinCEN), hours after a Monday court ruling reinstated the reporting requirement.