2024 was another eventful year for the Kentucky General Assembly during the spring Legislative Session, with the passing of various policy reforms. Policymakers made significant modifications to Kentucky’s tax code with major impacts on the state’s business community.
The following is select recent federal and Kentucky developments that you may find interesting.
The Society’s Accounting Pipeline Task Force had their first meeting on October 4 and the timing could not have been better. AICPA and NASBA had recently released the proposed “CPA competency-based experience pathway,” which is open for comment through December 6. The pathway’s goals are to respond to market changes and expand opportunities for the next generation of accountants.
Each 2024 issue of The Kentucky CPA Journal contained historical content in celebration of our 100-year anniversary. This issue wraps up our journey down memory lane and how the Society empowered CPAs in Kentucky throughout the last 100 years. The work, energy and passion that CPA members put forth together as a Society made and continues to greatly impact Kentucky citizens, businesses, legislation and the CPA profession. In this issue, the focus is the history of the Kentucky Society of CPAs and the CPA profession in Kentucky from 2000 through today.
The AICPA and NASBA have proposed changes to the Uniform Accountancy Act (UAA), a key document that sets national professional standards for CPAs. The proposed updates aim to maintain consistency while providing flexibility in response to market changes.
