News
How KPMG is using AI to revamp their audit practice
May 16, 2025
Audit CTO and global solutions group leader Thomas Mackenzie explains how updating technology is reshaping audit quality, talent and regulatory strategy.
CTCPA Honorary Member Zampino Recognized by SCSU School of Business, Future Business Leaders of America
May 15, 2025
The Southern Connecticut State University (SCSU) School of Business recently recognized CTCPA Honorary Member Mark Zampino with its Exceptional Staff Service Award and the Dean’s Outstanding Leadership Team Award. The School presented the awards at its Annual Awards Ceremony on May 8, 2025.
Appropriations Committee Advances AI Regulation Bill As Federal Preemption Looms
May 14, 2025
Connecticut’s legislature has taken another step toward building a regulatory framework for artificial intelligence, even as Congress considers federal legislation that could override any state-level efforts for the next decade.
Connecticut Society of CPAs Elects and Installs 2025-2026 Leadership
May 14, 2025
The Connecticut Society of Certified Public Accountants (CTCPA) has elected and installed its Board of Directors for the 2025-2026 activity year at its Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.
CPA Society Honors Mike Maksymiw, Jr., CPA of Aprio Firm Alliance with Leadership Award
May 14, 2025
The Connecticut Society of Certified Public Accountants (CTCPA) honored Mike Maksymiw, Jr., CPA of Aprio Firm Alliance with the 2025 Jack Brooks Leadership Award at the CTCPA Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.
CPA Society Presents Impact Awards to Katherine Patnaude, CPA of PKF O’Connor Davies and Vanessa Rossitto, CPA of CLA (CliftonLarsonAllen LLP)
May 14, 2025
The Connecticut Society of Certified Public Accountants (CTCPA) honored the recipients of its first-ever CTCPA Impact Award at the CTCPA 2025 Annual Meeting held at the Sheraton Hartford South Hotel in Rocky Hill on May 14.
AICPA and NASBA Approve Model Legislation for New CPA Licensure Path
May 13, 2025
The boards of directors of the American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA) have approved expansion of accountancy’s model legislation to include an additional path to CPA licensure. The optional path maintains public protection while providing added flexibility and options for CPA candidates.
With Florida’s CPA oversight bill stalled, what’s next?
May 13, 2025
Though Florida’s House of Representatives passed a bill that would eliminate licensing boards like the state’s Board of Accountancy, the state Senate has rejected the move for now.
AI regulation ban tucked into GOP tax bill
May 12, 2025
A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Donald Trump's massive tax and spending bill, a move that would benefit many of the U.S.'s largest tech and AI companies.
A majority of employees use AI tools, but few do so daily
May 12, 2025
Almost half of workers receive no education or training on the proper use of the tools.
FASB Issues Standard That Clarifies Guidance for Identifying the Accounting Acquirer in a Business Combination
May 12, 2025
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification® Topic 805, Business Combinations. The ASU is based on a recommendation of the Emerging Issues Task Force (EITF).
More companies get assurance on sustainability reporting
May 12, 2025
Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.
Will cybercriminals come for accountants next?
May 12, 2025
With major retailers recently brought to their knees by hackers, accountants would do well to think about what could happen to their businesses and take precautions.
Connecticut’s New College Grads Contemplate An Uncertain Economy
May 10, 2025
Commencement season is here. This weekend, UConn will see more than 5,000 undergraduates and more than 2,000 graduate students receive their degrees. But, amid cuts to the federal government and fears of a recession, many have questions about the economy they are heading into.
Bill that broadens CPA certification pathways approved in CT House
April 30, 2025
It’s not common to have legislation proposed that no one speaks against. That’s the case, however, for House Bill 7020, which would offer more flexibility for state residents to become certified public accountants.
Bill stripping tax exemption from CT private schools' housing draws opposition
April 28, 2025
Many private schools across Connecticut object to a bill to eliminate tax exemptions for faculty and staff housing for private secondary schools, saying they already contribute to the towns where they're located and this could affect their operations.
The Essential New Hire Onboarding Checklist for Employers
April 24, 2025
Bringing someone new onto the team is more than just handling forms and saying hello. It's your first real opportunity to show them what it means to be part of your organization — and to lay the groundwork for their long-term success and sense of belonging.
Baker Tilly, Moss Adams merge to create 6th-largest US CPA firm
April 22, 2025
A merger of top-15 accounting firms Baker Tilly and Moss Adams will create the nation’s sixth-largest advisory CPA firm.
13 CTCPA Members Named to Forbes' Inaugural 'America's Best-in-State CPAs' List
April 21, 2025
Forbes recently released the inaugural America’s Best-In-State CPAs list. Created exclusively by Forbes editorial staff, it is a compilation of the finest CPAs active in public practice, culled from a collection of candidates sourced through independent nominations and recognitions from numerous associations of CPAs. Those nominated were rated on a range of weighted criteria, including expertise, innovation, thought leadership, experience, and service to the community and to their profession.
CT could withhold driver’s licenses from tax delinquents
April 21, 2025
Faced with a slumping economy and likely big cuts in federal aid, state legislators are once again weighing whether to turn delinquent taxpayers over to collection agencies — and block renewal of their driver’s licenses or vehicle registrations.