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Updated quality management standards promote a risk-based approach to planning and performing group audits. This article from the fall issue of The Washington CPA magazine, outlines what's new and how to implement the standards.

Is your firm prepared to stop a cyberattack? Do you have the appropriate measures in place to prevent damage from a ransomware attack? Find out by reading this CAMICO Claims Chronicle.

Diversity, equity and inclusion (DEI) efforts have swept the accounting nation and generally take the form of inclusiveness among different races, genders and abilities. Neurodiversity is another piece of the DEI pie.

Although most agree that the current tax season has signs of returning to normalcy after the pandemic-induced chaos of recent years, CPA firms continue to face unique challenges and risks they should not ignore.

The WSCPA has joined AICPA and dozens of other state CPA societies to ask the Financial Crimes Enforcement Network to extend and expand the deadline for beneficial ownership information (BOI) reporting requirements, specifically for Reporting Companies Created or Registered in 2024.  

Do you see CPE as a dreaded chore? Here are some strategies to make your CPE journey more rewarding.

Is your firm fully compliant with the revised Safeguards Rule? What constitutes client/customer records is somewhat unique for every organization, and that certainly holds true for CPA firms and tax professionals.

It is no secret that the new Washington Capital Gains Excise Tax, which taxpayers have begun paying for the 2022 tax year, has been a controversial and complex tax. In feedback shared with the DOR yesterday, the WSCPA highlighted the ambiguities in the language and additional unanticipated problems which came to light during the recently-concluded tax season.

The Washington Society of CPAs is collaborating on an important research study focusing on the decision to pursue, or not pursue, the Certified Public Accountant (CPA) credential. This survey aims to gain fresh insight into the factors impacting the decision to become a CPA or to not become a CPA. The responses will be compared against previous Decoding the Decline research findings.

Over the past couple of years, many nonprofits have experienced challenges attracting and retaining talent. Nonprofit organizations can take a number of approaches to strengthen their talent management efforts, as outlined in this article.

Plaintiffs and their legal counsel often leverage noncompliance with professional standards to strengthen cases in support of allegations of harm caused by accountants. This article highlights risk management implications of recent professional standards and offers risk management tips regarding established standards governing financial statement services.

In order to succeed in an increasingly crowded marketplace, many financial professionals are leveraging the rapid growth of advisory services by choosing to offer specialized knowledge to their clients or employers.

Questioning whether you need to adopt artificial intelligence (AI) in your tax practice today is like an accountant 20 years ago deciding whether to use tax preparation software or continue to prepare paper tax returns. Putting AI tools into practice should be something that practitioners embrace.

The Corporate Transparency Act (CTA), enacted January 2021, mandates certain entities report “beneficial owner” information to the Financial Crimes Enforcement Network. Here are some of the key CTA provisions and significant issues, critical unknowns, and potential risks facing accounting firms.

At the Washington Board of Accountancy (WBOA) meeting on October 20, a CPA exam credit reinstatement program was adopted and is effective immediately. As a result of this program, Washington exam candidates who lost CPA exam credits between January 30, 2020, and December 31, 2023, will have until June 30, 2025, to complete the remaining sections of the exam.

The Washington State Board of Accountancy adopted a rule change to allow CPA candidates in our state to have 36 months to complete all four sections of the CPA exam.

The Department of Revenue (DOR) recently issued interim guidance statements regarding the capital gains tax. The statements reflect DOR's current position where final guidance has not yet been published.

There are many barriers that may deter students from entering and remaining in the profession. Chair of the WSCPA Board of Directors, Andrew Brajcich shares the importance of offering potential CPAs alternative pathways into the profession by rethinking the current 150-credit hour rule.

The number of students earning U.S. postsecondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms.

Summer’s over, and while you’ve been savoring that iced coffee, the chatter around small talk has been percolating. Want to know how casual conversations can lead you to your dream job? Let's spill the tea!