November-December 2023
In this issue:
- A New and Improved Today’s CPA Experience
- Special-Purpose Acquisition Companies Growing More Popular But Present Unique Accounting Issues
- TXCPA Advocacy Successes Continue
- What’s Happening Around Texas: TXCPA Permian Basin’s 36th Annual Shrimp Boil
- Cannabis Business: Risks and Mitigating Actions for CPAs
- TXCPA’s 2023 Rising Stars
- Special Report: Accounting Firms - Unleashing Partners’ Full Potential Through Specialized Roles Will Also Increase Revenues
- What CPAs Need to Know About Fair Value Measurements
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A New and Improved Today’s CPA Experience
Welcome to the November/December issue of Today’s CPA! Our Rising Stars on the cover aren’t the only thing that makes this issue shine. In this issue and those to come, you’ll find new features highlighting those in our community, like Happenings From Around Texas, as well as updates to our traditional content that highlight key details in articles and provide options to find more online.View Article -
Special-Purpose Acquisition Companies Growing More Popular But Present Unique Accounting Issues
The use of special-purpose acquisition companies (SPACs) has increased exponentially over the past few years. They allow investors to take companies public without the costs and delays associated with traditional IPOs. Since 2020, more than half of U.S. IPOs have utilized the SPAC structure.View Article
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TXCPA Advocacy Successes Continue
During the 2023 legislative session, TXCPA successfully advocated for issues that were important in addressing the CPA pipeline. Our advocacy work was instrumental in helping students and candidates be in a good position to become licensed CPAs.View Article -
What’s Happening Around Texas: TXCPA Permian Basin’s 36th Annual Shrimp Boil
In What’s Happening Around Texas, we give you highlights of events and activities happening around the state in the TXCPA chapters. On September 28, more than 120 local CPAs, students and guests attended TXCPA Permian Basin's 36th Annual Shrimp Boil.View Article
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Cannabis Business: Risks and Mitigating Actions for CPAs
The U.S. cannabinoid market is projected to grow to $42.2 billion by 2026, which represents an 11% growth rate. Even with an impressive outlook for the industry, not many CPAs provide services to it. This article discusses the risks practitioners may face and what actions can be taken as they explore this industry.View Article -
TXCPA’s 2023 Rising Stars
TXCPA's Rising Stars Program recognizes CPA members 40 years old and younger who have demonstrated significant leadership qualities and active involvement in TXCPA, the accounting profession and/or their communities. In this article, we introduce you to the members, in alphabetical order, who are the Rising Stars honorees for 2023.View Article
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Special Report: Accounting Firms - Unleashing Partners’ Full Potential Through Specialized Roles Will Also Increase Revenues
Accounting firms are increasingly asked to provide new expertise to their clients in response to phenomena like global crises, volatile economic markets and new working norms. No single individual can contribute in all areas at a high level, but if the partner role were redesigned to allow for some degree of focus for each, the highest and best use for each partner can be unlocked.View Article -
What CPAs Need to Know About Fair Value Measurements
CPA valuation analysts are often asked to develop and report on a fair value measurement (FVM) for financial accounting purposes. This article identifies the typical errors and omissions that CPAs should look for in any consideration of an FVM.View Article
CHAIR
Mohan Kuruvilla, Ph.D., CPA
PRESIDENT/CEO
Jodi Ann Ray, CAE, CCE, IOM
CHIEF OPERATING OFFICER
Melinda Bentley, CAE
EDITORIAL BOARD CHAIR
Jennifer Johnson, CPA
MANAGER, MARKETING AND COMMUNICATIONS
Peggy Foley
pfoley@tx.cpa
MANAGING EDITOR
DeLynn Deakins
ddeakins@tx.cpa
COLUMN EDITOR
Don Carpenter, MSAcc/CPA
DIGITAL MARKETING SPECIALIST
Wayne Hardin, CDMP, PCM®
CLASSIFIEDS
DeLynn Deakins
Texas Society of CPAs
14131 Midway Rd., Suite 850
Addison, TX 75001
972-687-8550
ddeakins@tx.cpa
Editorial Board
Derrick Bonyuet-Lee, CPA-Austin;
Aaron Borden, CPA-Dallas;
Don Carpenter, CPA-Central Texas;
Rhonda Fronk, CPA-Houston;
Aaron Harris, CPA-Dallas;
Baria Jaroudi, CPA-Houston;
Elle Kathryn Johnson, CPA-Houston;
Jennifer Johnson, 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;
Nikki Lee Shoemaker, CPA-East Texas, CGMA;
Natasha Winn, CPA-Houston.
CONTRIBUTORS
Melinda Bentley; Kenneth Besserman; Holly McCauley; Shicoyia Morgan; Craig Nauta; Kari Owen; John Ross; Lani Shepherd; April Twaddle; Patty Wyatt