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AICPA News – July 2023

CPA Practice

AICPA & CIMA update Global Management Accounting Principles to reflect new era of digital acceleration and ESG The Association of International Certified Professional Accountants, representing AICPA & CIMA, recently released a new edition of their Global Management Accounting Principles (GMAP).

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Going Concern

Johnson continues, “If accounting firms want to venture deeper into the world of financial planning or wealth management, I suspect they would not be able to find enough CPAs with the necessary skill set to easily step into the role. The best financial planners or wealth managers will set themselves apart with outstanding soft skills.”