Yet, the SBA’s last-minute guidance, coupled with the unrealistic March 31 st PPP application deadline, has created unnecessary confusion and anxiety. “The PPP has been a critical lifeline for many small businesses, especially the millions of sole proprietors that are the foundation of the U.S. The AICPA has issued the following statement calling for the Small Business Administration (SBA) to extend the Paycheck Protection Program (PPP) application deadline and revise its latest guidance so it is more fair to all: Sole Proprietors Are Unfairly Impacted by PPP Deadline In June 2021, AICPA and NASBA, with support of the American Accounting Association, will unveil a model curriculum to guide faculty in addressing the accounting coursework needed by those pursuing licensure under the new CPA Evolution model. The report, also includes responses from more than 300 collegiate accounting programs, and was intended to gain a broad picture of how accounting programs have incorporated new technology and other critical skills within their current curricula, especially as the AICPA and NASBA CPA Evolution initiative advances. While more than 60 percent of collegiate accounting programs are teaching topics like data analytics and IT audit, fewer programs cover cybersecurity, predictive analytics or System and Organization Controls (SOC). There are major gaps in college accounting education today, with fewer than half of all programs teaching emerging topics, such as IT governance and cybersecurity, according to a new report by the American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA).Īccounting Program Curriculum Gap Analysis Report found mixed results for coverage of emerging and technology topics.
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