Professional Standards

Professional Standards

TXCPA volunteer committees serve as the voice of Texas CPAs, working to protect the integrity and effectiveness of the accounting profession. They monitor and respond to proposed rules, regulations, and standards issued by key national and federal organizations — such as the Financial Accounting Standards Board (FASB), the Internal Revenue Service (IRS), the Securities and Exchange Commission (SEC), and others — that affect how accounting and auditing are practiced nationally.

By gathering input from CPAs across the state, the committees help ensure that tax laws and accounting standards are fair, practical, and serve the public interest.  Through this work, the committees ensure that the perspectives of Texas CPAs are heard in the national conversation, supporting sound financial reporting and tax administration for individuals, businesses, and communities.

The two most active groups who serve diligently in this role are the Professional Standards Committee and the Federal Tax Policy Committee.

 

 

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    Why This Matters

    This incredibly important work helps ensure that tax regulations and accounting standards are fair, practical, and serve the public interest. Discourse with regulatory bodies during rulemaking can make a huge impact on our economic well-being.

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    A Public Service

    Providing feedback to standard setting and regulatory bodies on proposed rules is of crucial importance. Accounting professionals provide a grassroots perspective from those who understand the wider ramifications of rules compliance.

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    We Need You!

    Volunteerism is at the heart of our all our advocacy efforts. Fresh faces and new perspectives are always much welcome - and much needed. Make your voice heard and make a difference!

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What TXCPA is doing

Browse through our latest feedback to regulators.

PSC Comments on Proposed PCAOB Strategic Priorities

  • Published on May 13, 2026

TXCPA’s Professional Standards Committee (PSC) provided recommendations on PCAOB’s Proposed Strategic Priorities (No. 2026-001), offering input across registration, inspections, enforcement, standard-setting, and transparency.

The PSC encourages the PCAOB to promote more firm participation in public company audits while strengthening upfront registration screening and implementing phased quality control oversight for new firms. For inspections, the PSC calls for clearer differentiation between severe and less severe deficiencies, greater consideration of risk and materiality, and enhanced scrutiny of firms with private equity influence.

On enforcement, the PSC recommends clarifying roles between the PCAOB and SEC to reduce duplication and inefficiencies. The committee also advocates for more detailed, actionable inspection reports and a deliberate approach to shifting toward a quality-control-focused inspection model.

For standard-setting, key priorities include defining audit quality, aligning attestation standards with the AICPA, updating substantive analytics guidance, and addressing risks related to service organizations.

Additionally, the PSC supports greater alignment with international standards, thoughtful use of AI in both audit execution and oversight, and improved transparency.

Read the Proposed Strategic Priorities here. View TXCPA PSC comment letter here.