May June 2024
IN THIS ISSUE:
TXCPA’s 2023-2024 Year in Review
CPE: SAS 143: New Guidance on Auditor’s Responsibilities Relating to Accounting Estimates
Spotlight on CPAs: Introducing Toni L. Joyner, CPA
With ASU 2023-08, FASB Moves to Address Accounting for Certain Crypto Assets
Delivering Value to Match Your Needs
New Data Privacy Law in Texas Takes Effect July 1, 2024
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TXCPA Month of Service event
TXCPA’s 2023-2024 Year in Review
What a remarkable year for TXCPA! Led by Chair Tim Pike, CPA-Dallas, CFE, CGMA, we've empowered members to lead and succeed by offering a range of professional resources, information and education opportunities while championing the CPA profession.Read More Download Issue -
CPE: SAS 143 - New Guidance on Auditor’s Responsibilities Relating to Accounting Estimates
In July 2020, the Auditing Standards Board released SAS 143, entitled Auditing Accounting Estimates and Related Disclosures. The new guidance supersedes AU-C Section 540 and amends various other AU-C Sections. It is effective for audits of financial statements ending on or after December 15, 2023.Read More Download Issue
Statement on Auditing Standards No. 143
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TXCPA Brazos
Valley
Spotlight on CPAs: Toni L. Joyner, CPA-Brazos Valley
In this Spotlight on CPAs article, we introduce you to Toni L. Joyner, whose career has spanned roles in industry and government accounting. She currently serves as the County Auditor of Madison County, Texas. With a fervent dedication to leadership, Toni actively contributes to TXCPA as a committed member and works to advance the accounting profession.Read More Download Issue -
Big Tax Relief in Texas
Texas is often known as being big and doing big things. This spirit is evident in recent tax legislation, signed by Governor Greg Abbott, which represents the largest tax relief in the state's history. Achieving this milestone required two special sessions of the Texas Legislature.Read More Download Issue
Texas Homestead Exemption
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TXCPA San Antonio
What’s Happening Around Texas
In What’s Happening Around Texas, we give you highlights of events and activities happening around the state in the TXCPA chapters. With 20 strong local chapters, TXCPA members connect in their communities and across Texas.Read More Download Issue -
Delivering Value to Match Your Needs
As we wrap up another year serving our 28,000-member community, we want to express our appreciation for your continued trust in TXCPA. Through ongoing member research, we identify the services and benefits members value most, which include protecting your license, education and keeping you informed on professional matters. These priorities shape our commitment to enhancing our professional community.Read More Download Issue
CPA license
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Payment Tokens
With ASU 2023-08, FASB Moves to Address Accounting for Certain Crypto Assets
FASB has taken steps to enhance transparency for select crypto assets, providing stakeholders with better insight into their influence on reporting entities. Within the FASB framework, crypto assets are classified as intangible assets, treated as indefinite-lived assets subject to impairment testing, with no reporting of value increases or prior impairment recoveries.Read More Download Issue -
New Data Privacy Law in Texas: A New State Law Takes Effect on July 1, 2024
The Texas Data Privacy and Security Act (TDPSA) was signed in June 2023 and will take effect July 1, 2024. It regulates how businesses handle personal data of Texas residents. Texas is the sixth state to implement a major data privacy law. CPAs should understand this law for their business compliance and client guidance.Read More Download Issue
Texas Data Breach
CHAIR
Tim Pike, CPA
PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM
CHIEF OPERATING OFFICER
Melinda Bentley, CAE
EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA
Staff
MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa
COLUMN EDITOR
Don Carpenter, MSAcc/CPA
WEB EDITOR
Wayne Hardin
CLASSIFIEDS
DeLynn Deakins
Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa
Editorial Board
Arthur Agulnek, CPA-Dallas;
Shivam Arora, CPA-Dallas;
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Melissa Frazier, CPA-Houston;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, CPA-Dallas;
Joseph Krupka, CPA-Dallas;
Lucas LaChance, CPA-Dallas, CIA;
Nicholas Larson, CPA-Fort Worth;
Anne-Marie Lelkes, CPA-Corpus Christi;
Bryan Morgan, Jr, CPA-Austin;
Stephanie Morgan, CPA-East Texas;
Kamala Raghavan, CPA-Houston;
Amber Louise Rourke, CPA-Brazos Valley;
Barbara Scofield, CPA-Permian Basin;
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPAHouston.
Design/Production/Advertising
Media By Design, LLC
mediabydesign@gmail.com
CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Kristie Estrada; Holly McCauley; Craig Nauta; Kari Owen; John Ross; April Twaddle