posts on Legislative / Regulatory


Franchot: Maryland needs CPAs to help ‘help families and small businesses’

There’s nothing partisan or political about Maryland’s economy. It’s all about people. The minute we forget that, says Peter Franchot, this state is in serious trouble. Maryland’s comptroller had some advice for both sides of the state’s political aisle during the MACPA’s annual Comptroller’s Luncheon, and he didn’t mince words. “It’s time to abandon the divisive rhetoric and begin talking openly and seriously about the fiscal challenges...

Are CPAs future-ready? Survey offers mixed reviews

Want to know what your problem is? I’ll tell you. It’s the same as my problem. Change. One word. Six letters. A million headaches. Legislation, regulation, generations, talent development, technological advances — they’re making our lives really, really complicated. A nearly constant stream of groundbreaking changes is sweeping over every corner of the profession, and the pace at which they’re occurring is increasing. That spells trouble for CPAs. Let’s face it,...

Proposed XBRL exemption returns. Make it go away.

Posted By: Bill Sheridan on September 14, 2014 in Legislative / Regulatory
UPDATE: As expected, the House passed H.R. 5405 on Sept. 16 by a vote of 320-102. You have to admire the determination of our elected officials. When they wrap their arms around a really bad idea, they simply will not let go. And they won’t let a little thing like common sense get in the way, either. Case in point: H.R. 5405. Also known as the “Promoting Job Creation and Reducing Small Business Burdens Act,” this proposed bill would, in part, exempt small public companies —...

In memoriam: Longtime MACPA lobbyist George Manis dies at 85

Posted By: Bill Sheridan on August 19, 2014 in Legislative / Regulatory
CPAs in Maryland and beyond are mourning the loss of a true friend and advocate. George Nick Manis, best known to MACPA members as the co-founder of Manis Canning & Associates, the lobbying firm that has worked tirelessly with the MACPA to protect CPAs and their clients before Maryland’s General Assembly, died unexpectedly on Aug. 13 at the age of 85. “George’s knowledge of our state’s government and his savvy lobbying instincts were hugely important to our...

AICPA panel urges firms to make sure they comply with out-of-state registration rules

The AICPA’s State Regulation and Legislation Team is urging CPA firms that perform attest engagements to make sure they are complying with out-of-state registration requirements. The recommendation comes as some state boards of accountancy are prompting out-of-state firms that operate in their states to ensure they have met the registration requirements. Here’s more directly from the AICPA: “The impetus for the renewed focus on this matter stems from a heightened focus by...