Access the latest MSCPA articles plus other news and events.
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Next Stop for Tax Reform: The Oval Office
Recently, both houses of Congress passed a tax reform bill titled “To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,” also known as the Tax Cuts and Jobs Act. The legislation is now bound for the President’s desk. After a Senate and House conference committee reviewed the preexisting bills from both houses, a number of changes and consolidations were made to create the final bill.
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Rick Bedwell Outstanding Educator
Rick Bedwell, accounting instructor and chair of the Business and Technology Division at Jones County Junior College, has been named the 2017 MSCPA Outstanding Educator and will be recognized during the Business Meeting at the Annual Convention at Sandestin Golf and Beach Resort in Destin on Saturday, June 24.
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Olivia Host Public Service Award Winner
Olivia B. Host, Partner at BKD, has been selected as the 2017 MSCPA Public Service Award Winner and will be recognized during the Annual Business Meeting on Saturday, June 24 at Sandestin Golf and Beach Resort.
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MSCPA Launches New Website
As part of our continued commitment to ensuring that our members receive the tools and benefits they need to succeed in our industry, the MSCPA is excited to reveal our brand new website.
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Peer Review Changes for Firms Set to Launch May 1, 2017
The AICPA plans to launch a new application to manage peer reviews on May 1, 2017. The MSCPA will continue to administer the peer review program, but all documentation will now be handled electronically through the AICPA’s PRIMA application for all member and non-AICPA member firms.
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Defending the Certified Public Accountant in a Malpractice Lawsuit
While the experience of a malpractice lawsuit against a CPA or a CPA firm is something all CPAs wish to avoid, it can happen. The plaintiff will attack the CPA defendant in an attempt to establish alleged damages. However, with professional advice and guidance from qualified and knowledgeable attorneys and experts, these alleged damages can be examined closely in order to possibly reduce or eliminate them.
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Peer Review Changes Effective January 1, 2017
The AICPA’s Peer Review Board has approved significant changes to the Peer Review standards, interpretations and other guidance that are effective for peer reviews beginning after January 1, 2017.
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