AICPA Town Hall Series – October 21, 2021

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Elinor Litwack, CPA, Partner, Outsourced Accounting & Advisory, GRF CPAs & Advisors
• Ted Ross, CEO & Co-Founder, SpyCloud
• Lisa Simpson, CPA, CGMA, VP, Firm Services, AICPA
• Steven Ursillo, CPA, CGMA, CITP, Partner, Risk Assurance & Advisory, Cherry Bekaert LLP, Past Chair IMtA
• Jennifer Wilson, Partner & Co-Founder, Convergence Coaching

Topics:

• DC Update
• Growing CAS Opportunity
• Technical Guidance & Updates
• Cybersecurity Awareness Month: Top Risks & Dark Web

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Carl Peterson, CPA, CGMA, VP, Small Firms, AICPA
• Lisa Bodell, CEO, FutureThink
• Jennifer Burns, CPA, Chief Auditor, AICPA
• Kari Hipsak, CPA, CGMA, Sr. Manager, AICPA
• Mark Peterson, Executive Vice President, Advocacy, AICPA

Topics:

• DC Update
• Fireside Chat with Lisa Bodell
• Technical Guidance & Updates
• ASB Exposure Draft: New Quality Management Standard

Key Insights:

• CPA.com President & CEO, Erik Asgeirsson, was joined by AICPA's Executive Vice President of Advocacy, Mark Peterson, to discuss breaking news from Washington and the latest in legislation as Congress works to resolve fiscal issues as critical deadlines loom.
• Special guest Lisa Bodell, a globally recognized keynote speaker and CEO of FutureThink discussed how simplicity can be used as a competitive advantage and how to make better use of time.
• Kari Hipsak, AICPA's Senior Manager of Firm Services provided technical guidance, including how to handle accounting for economic recovery programs
• Jennifer Burns, AICPA's Chief Auditor, and Carl Peterson, AICPA Vice President of Small Firms, gave an update on proposed quality management standards and related top issues

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Barry Melancon, CPA, CGMA, President & CEO, AICPA
• Lisa Simpson, CPA, CGMA, VP, Firm Services, AICPA
• Timothy Speiss, CPA, PFS, Partner, EisnerAmper

Topics:

• Legislative & Profession Update
• Panel Discussion on Advising Clients
• Technical Guidance & Updates "PPP/ERC Interplay"

Key Insights:

• CPA.com President and CEO, Erik Asgerisson, and AICPA President & CEO Barry Melancon, CPA, CGMA discussed breaking news from DC and provided an update on the profession.
• AICPA's Vice President of Firm Services, Lisa Simpson, CPA, CGMA, provided technical guidance on ERC/PPP interplay.
• Tim Speiss of EisnerAmper provided an update on legislative implications to estate planning.

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Edward S. Karl, CPA, CGMA, VP, Taxation, AICPA
• Melanie Lauridsen, Senior Manager, Tax Policy & Advocacy, AICPA
• Lauren Pfingstag, Director, Congressional and Political Affairs, AICPA
• Mel Schwarz, JD, CPA, Director of Legislative Affairs, Eide Bailly

Topics:

• Legislative Process & Timing
• Proposed Rates & Policy Updates
• Proposals Under Review/Left Out
• State of IRS Services

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Edward S. Karl, CPA, CGMA, VP, Taxation, AICPA
• Barry Melancon, CPA, CGMA, President & CEO, AICPA
• Lisa Simpson, CPA, CGMA, VP, Firm Services, AICPA
• Carl Peterson, CPA, CGMA, VP, Small Firms, AICPA

Topics:

• Profession & Legislative Update
• Technical Updates & New Guidance
• 2021 CPA Firm Top Issues
• Practice Strategies

Key Insights:

• CPA.com President & CEO, Erik Asgeirsson, and AICPA President & CEO, Barry Melancon, provided a profession and legislative update, including discussion on the Senate infrastructure bill and 2021 key deadlines and expirations.
• AICPA's VP of Taxation, Ed Karl, joined to discuss AICPA's Top Tax Advocacy priorities, including IRS service levels and penalty relief.
• Lisa Simpson, AICPA's VP of Firm Services, gave a rundown of up-to-date PPP forgiveness statistics, plus technical guidance on the SBA forgiveness portal and ERC.
• Carl Peterson, AICPA's Small Firm VP, discussed 2021 CPA Firm Top Issues and provided practice strategies.

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Alex Dorr, Vice President, People Evolution, Reality-Based Leadership
• Mary Foelster, CPA, Sr. Director, Governmental Auditing & Accounting, AICPA
• Lauren Pfingstag, Director, Congressional and Political Affairs, AICPA
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA

Topics:

• Legislative Update
• Technical Updates & New Guidance
• Single Audit Update from GAQC
• Workplace Engagement through Accountability: A conversation with Alex Dorr

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Barry Melancon, CPA, CGMA, President & CEO, AICPA
• Jill Schlesinger, Business Analyst, CBS News, Host, Jill on Money
• Jim Bourke, CPA, CITP, CGMA, Partner, Withum
• Lindsay Stevenson, CPA, CGMA, Chief Transformation Officer, BPM LLP
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA

Topics:

• Economic Outlook with Jill Schlesinger
• Legislative & Profession Update with Barry Melancon
• Technical Updates & Guidance
• Practitioner Insights from ENGAGE

Key Insights:

On this episode of the AICPA Town Hall podcast:

• The first-ever in-person AICPA Town Hall was conducted live at the 2021 AICPA ENGAGE Conference at the ARIA Resort and Casino in Las Vegas.
• CBS News Business Analyst, Jill Schlesinger, discussed an economic outlook with CPA.com Erik Asgeirsson including societal impacts, inflation, the federal reserve and markets.
• AICPA President and CEO, Barry Melancon, CPA, CGMA, provided the most recent legislative updates, including Biden Infrastructure & Tax proposals, IRS Services & Penalty relief and ERC.
• 2021 AICPA ENGAGE Chair & Chief Transformation Officer at BPM, Lindsay Stevenson, CPA, CGMA reflected on the past year and a provided a forward look on the workforce.
• Jim Bourke, CPA, CITP, CFF, CGMA, Partner at Withum, discussed the technology and cybersecurity landscape.

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Susan S. Coffey, CPA, CGMA, CEO, Public Accounting, AICPA
• Kelly Grier, CPA, US Chair and Managing Partner, EY
• Barry Melancon, CPA, CGMA, President & CEO, AICPA
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA

Topics:

• Strategic Discussion with Kelly Grier, EY US Chair
• Legislative & Firm Strategy Discussion with Barry Melancon
• Technical Updates & Guidance

Key Insights:

• AICPA's CEO for Public Accounting, Sue Coffey, CPA, CGMA had a strategic discussion with EY's US Chair, Kelly Grier, about how Big 4 navigated the pandemic and the future outlook.
• Barry Melancon, CPA, CGMA, AICPA's President & CEO, and Erik Asgeirsson, CPA.com President & CEO, provided the latest legislative and IRS update including discussion around the Biden infrastructure & tax proposals, IRS service & penalty relief, and employee retention credit.
• Lisa Simpson, CPA, CGMA, VP of Firm Services for AICPA, provided a detailed technical update, specifically around FTE reduction calculation.

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Erik Asgeirsson, President & CEO, CPA.com
• Michael Faulkender, Ph.D., Professor Univ of Maryland, Former Chief Economist & Assistant Secretary for Economic Policy, United States Treasury
• Mark Peterson, Executive Vice President, Advocacy, AICPA
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA

Topics:

• Strategic Discussion with Michael Faulkender
• Legislative and Tax Update
• Technical Guidance & Updates

Key Insights:

• Former U.S. Assistant Secretary of the U.S. Treasury Department, Dr. Michael Faulkender, an architect of the Paycheck Protection Program, joins CPA.com CEO, Erik Asgeirsson, for a discussion on the defining moments and lessons learned in creating the largest business relief program in U.S. history.
• Mark Peterson, AICPA's Executive Vice President for Advocacy, presents the latest legislative and regulatory updates including the Biden Infrastructure and Tax Proposals, IRS Service & Penalty Relief, paid preparer tax legislation, and simplifying estimated tax deadlines.
• Lisa Simpson, AICPA Vice President of Firm Services, provides a technical guidance: addresses unanswered questions about employee retention credit, the PPP loan forgiveness landscape, and updates on Restaurant Revitalization Fund.

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession.

Presenters:

• Michael Cerami, VP, Strategic Alliances, CPA.com
• Susan S. Coffey, CPA, CGMA, CEO, Public Accounting, AICPA
• Cathy Engelbert, CPA, Commissioner, WNBA, Former CEO, Deloitte
• Mark Peterson, Executive Vice President, Advocacy, AICPA
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA

Topics:

• Strategic Discussion with Cathy Engelbert
• Legislative and Tax Update
• PPP Forgiveness Deep Dive
• Additional technical updates

Key Insights:

• Sue Coffey, AICPA CEO for Public Accounting, and Cathy Engelbert, WNBA Commissioner and Former Deloitte CEO, discuss leadership lessons and outcomes from the pandemic.
• Lisa Simpson, AICPA Vice President of Firm Services, provides details and expert insight on the Paycheck Protection Program and the loan forgiveness process.
• Mark Peterson, AICPA's Executive Vice President for Advocacy, presents the latest legislative update and gives insight on current discussions in DC, including infrastructure, IRS service update and the need for additional IRS guidance.