Join the next Town Hall on Feb. 27

Breaking news: BOI injunction lifted

On Tuesday, a federal district court lifted the last remaining nationwide injunction stopping BOI filing requirements, but FinCEN has promised at least a 30-day delay before new filings will be required. We'll share more on the next AICPA Town Hall. In the meantime, you can stay updated through the AICPA BOI reporting resource center.

And, if you didn't catch all the other top news in the Feb. 13 AICPA Town Hall, you can access the full episode on-demand with the link below. You can also listen on the go with the AICPA Town Hall Podcast.

AICPA Town Hall Series

Segments to Watch:

Profession update: Mark Koziel, CEO, AICPA, and Erik Asgeirsson, CEO, CPA.com, discussed:

  • The latest news impacting the profession.
  • Insights from Mark's listening tour, reflecting on top themes emerging from members, including small firm support, audit needs and CPA branding.
Watch the segment →

DC update: Mark Peterson, EVP, Advocacy, AICPA, and Melanie Lauridsen, VP, Tax Policy and Advocacy, AICPA, joined Erik and Mark to provide:

  • An overview of the government funding debate as the March 14 deadline looms.
  • Analysis of key cabinet confirmations and recent executive orders (EO) and potential implications for the profession.
  • Updates on recent legislative efforts like a beneficial ownership information (BOI) bill that would delay the filing timeline and the Taxpayer Assistance and Service Act discussion draft.
Watch the segment →

Technical update: Melanie outlined:

  • The latest on BOI reporting timelines and penalties.
  • IRS operations and a filing season update.
  • Top webinars and resources for your tax practice.
Watch the segment →

Quality management standards update: Erik, Mark Koziel, Bob Durak, Director, Audit & Accounting Technical Services, AICPA, and Mike Brand, Member, BMSS, LLC, discussed:

  • An overview of the new System of Quality Management Standards, effective Dec. 15, 2025.
  • Steps firms should take now to assess risk and implement a scalable compliance plan.
  • Available resources and practice aids to support implementation.
Watch the segment →

Join the next AICPA Town Hall: Tune in for the next Town Hall, Thursday, Feb. 27 at 3pm ET, when Dan Hood, editor-in-chief, Accounting Today,  joins for a preview of the publication's Top 100 Firms and Regional Leaders ranking for 2025. Plus, we'll continue to tackle the latest profession updates, regulatory changes and technical insights.

Upcoming 2025 AICPA TownHall Calendar

Late-breaking news and resources

For the links and resources covered in the show:

Download the slides →
Top attendee Q&A Banner

Top attendee questions from Feb. 13

Q: What's the outlook on legislation delaying or repealing BOI?

A: The House passed H.R. 736 with bipartisan support, delaying BOI reporting until 2026. However, the Senate's timeline remains uncertain.

Q: How should firms prepare for the Quality Management Standards transition?

A: The AICPA has a website, dedicated to providing resources to help firms on their quality management journey.

Q: Are the Quality Management Standards applicable to firms that only offer preparation services?

A: CPAs explicitly engaged to prepare financial statements must adhere to AR-C section 70 requirements, but when preparation is incidental to other services, such as client advisory services (CAS), following AR-C section 70 becomes optional. Adherence to consulting standards alone, as outlined in Statement on Standards for Consulting Services section 100, Consulting Services, also upholds professional and ethical obligations, such as competence, objectivity, and due professional care. Practitioners performing financial statement preparation under consulting standards are not subject to the quality management standards or peer review processes applicable to AR-C section 70 engagements.

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