In the Thursday, December 23 Town Hall series, CPA.com CEO and President Erik Asgeirsson and the AICPA’s President and CEO Barry Melancon discussed the latest profession and legislative updates, including:
Senator Manchin’s “No” vote on the BBB act
Debt limit crisis
Hurricane Ida relief extension
Dr. Marci Rossell, expert economic forecaster and CNBC correspondent for the 2022 economic forecast, reviewed economic trends and their potential impact on business. Lisa Simpson, AICPA VP of Firms Services, shared the latest technical guidance. Robert Durak, the AICPA’s Director of Audit and Accounting Technical Services, provided updates on the new lease standard (FASB ASC 842).