In this report, we provide our perspective on early adoption, provide disclosure examples, and address adoption questions that have arisen related to ASU 2025-05.

In a letter sent to the Department of the Treasury and the Internal Revenue Service (IRS), the AICPA submitted recommendations regarding Notice 2025-75, Transition Rule for Applying Section 951(a)(2)(B), one of the four international tax notices released as part of H.R. 1. The transition rule modifies the application of section 951(a)(2)(B) for certain taxable years of foreign corporations beginning before January 1, 2026.

Following the devastating destruction of Hurricanes Helene and Milton, the personal financial planning experts at the American Institute of CPAs (AICPA) are offering tips to help with financial wellbeing and planning for the future.

In a letter to House leadership for the Committee on Ways & Means, the AICPA expressed its strong support for H.R. 517, the Filing Relief for Natural Disasters Act (FRNDA), sponsored by Representatives David Kustoff (R-TN) and Judy Chu (D-CA), and H.R. 1491, the Disaster Related Extension of Deadlines Act (DREDA), sponsored by Representatives Gregory Murphy (R-NC) and Jimmy Panetta (D-CA). These bills would provide efficient and fair tax relief to individuals and businesses affected by natural disasters.

The American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) honored six CPAs during AICPA & CIMA ENGAGE 2025 in Las Vegas this week. The awards highlight CPA efforts in a specific accounting specialty area, excellence in volunteer efforts, or significant contributions to the accounting profession.

Dealing with job loss or job uncertainty can take a huge toll on mental and financial well-being. As a result of the recent government shutdown, some Americans are experiencing the effects or possibility of an unplanned employment gap. The American Institute of CPAs (AICPA) has tips for those who have been directly affected.

Insights on year-end planning strategies, including seven focus points, and how to deepen client relationships.

Follow these simple steps to activate your fpPathfinder account through your PFP Section membership.

AICPA & CIMA launched the 16th edition of their Corporate Partners Programme, a programme designed to develop the next generation of finance and business leaders and shape the future of global business, at an event in Colombo on 25 January 2023.

Meagan M. Wellbrock, CPA, is an assurance principal and the audit and assurance service line leader for AdamsBrown LLC (AB).