November-December 2021
In this issue:
- Tax Planning Around Changing Charitable Contribution Law
- 2021 Rising Stars
- The SEC Updates Regulations to Streamline and Enhance Management Discussion & Analysis
- Helping Auditors Add Critical and Key Audit Matters to Audit Reports
- Recognizing Our Rising Stars
- Enhancing the Value of SOC Reports During a Pandemic
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Tax Planning Around Changing Charitable Contribution Law
This article focuses on recent tax law changes that dramatically reduced the number of taxpayers who itemize. It then examines the level of charitable giving, possibly in anticipation of the changes in the tax law related to itemized deductions.View Article -
2021 Rising Stars
Through the Rising Stars Program, TXCPA 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. A TXCPA selection committee named the following 19 up and comers based on their contributions to the accounting profession and their communities. We are excited to introduce you to the members, in alphabetical order, who are the Rising Stars honorees for 2021.View Article
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The SEC Updates Regulations to Streamline and Enhance Management Discussion & Analysis
The SEC has issued amendments to Regulation S-K to update information that is required to accompany the financial statements and supplemental disclosures in the quarterly 10-Q and annual 10-K. These revisions are intended to eliminate duplicative reporting and reflect the increased accessibility to financial filings available electronically.View Article -
Helping Auditors Add Critical and Key Audit Matters to Audit Reports
Communicating Key Audit Matters in the Independent Auditor’s Report was adopted in several countries. This standard requires key audit matter (KAM) disclosure for listed companies, or when required by a specific law or regulation.View Article
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Recognizing Our Rising Stars
When reading their profiles, we know you’ll see the many reasons these 19 members were recognized as up and comers in TXCPA, the accounting profession and their communities.View Article -
Enhancing the Value of SOC Reports During a Pandemic
As businesses and their service organizations adapt to the realities of the pandemic, they can use a System and Organization Controls (SOC) report as a critical communications tool to maintain and strengthen overall operations.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