Respondents will receive comprehensive survey results to help understand key performance indicators and inform their audit transformation strategies.

NEW YORK (June 2, 2025)  – CPA.com, the business and technology subsidiary of the American Institute of CPAs (AICPA), is now accepting responses to its audit benchmark survey, which aims to understand the state of audit transformation within the accounting profession and provide valuable insights to participating firms.

The audit benchmark survey is open to practitioners and leaders of U.S. CPA firms of all sizes that are navigating the changing landscape of audit.

The 2025 survey seeks to deepen understanding and deliver further insights into how firms are adopting new methodologies and technologies to drive audit transformation. It will offer key insights into areas impacted by evolving professional standards, technological advancements, modernizing audit methodologies and talent strategies.

“The audit profession is undergoing a profound shift, fueled by the fast-paced technology landscape and growing client needs for deeper insights and more comprehensive risk management,” said Emily Remington, Director-Audit Product Management, CPA.com. “The audit benchmark survey is an expansion of our efforts to provide firms with leading insights and research to best guide their firms for ongoing success.”

Survey responses will be accepted through Aug. 8, 2025.

Survey participants will receive comprehensive survey results and insights into benchmarks and key performance indicators from audit practices across the country, as well as a personalized firm comparison to other survey participants. A summary of key survey insights will be included in the 2025 audit benchmark survey report that will be released later this year.

For more information or to participate, please visit the CPA.com audit benchmark survey page.

About CPA.com
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus. The company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners. A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.

NEW YORK, NY (May 12, 2025) – CPA.com, the business and technology subsidiary of the American Institute of CPAs (AICPA), today announced the appointment of Tim Christen, CPA, as Chair of its Board of Directors. Christen, a longtime leader in the accounting profession, has served on the CPA.com board and now steps into the Chair role, bringing extensive experience in firm leadership, technological innovation and practice area transformation as the company continues its mission to empower accounting firms and finance teams for the digital age.

Christen is the former Chairman and CEO of Baker Tilly U.S., where he led the firm through a period of significant growth and strategic expansion. Under his leadership, Baker Tilly developed a global brand and became one of the largest and most respected accounting and advisory firms in the U.S., with a reputation for innovation, client service and commitment to quality. Additionally, Christen served as Chairman of Baker Tilly International. He also served as Chairman of the American Institute of CPAs (AICPA) board of directors and played a pivotal role in advancing the profession’s future readiness, including championing initiatives around technology transformation, talent development and global strategy.

Christen succeeds Barry Melancon, CPA, CGMA, whose term concluded earlier this year.

"I am honored to step into this role at such a dynamic and pivotal time for our profession," said Christen. "Business model transformation, technology, and the shift into advisory services are rapidly changing how we deliver value to clients, and CPA.com is at the forefront of providing the tools and support accounting and finance professionals need to thrive. I look forward to continuing to work with the CPA.com team and my fellow board members to deliver value to financial professionals.”

To learn more, visit CPA.com.

About CPA.com
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus. The company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners. A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.

Kalil Merhib, EVP of growth and professional services at CPA.com, was recognized on CPA Practice Advisor’s 2025 “20 Under 40” list, highlighting the emerging leaders making a meaningful impact on the accounting profession through innovation, leadership and influence.

Article source: https://www.cpapracticeadvisor.com/2025/04/04/young-accounting-leaders-honored-cpa-practice-advisor-announces-40-under-40-and-20-under-40-awards/157954/

Clarification of the standard for financial statement preparation engagements helps define the future of CAS practices

NEW YORK (April 1, 2025) – The CAS Advisory Council applauds the American Institute of CPAs’ (AICPA) Accounting and Review Services Committee’s (ARSC) clarification of the applicability of the standard related to financial statement preparation as part of a client advisory services (CAS) engagement. The modernization of the standards reflects the evolution of CAS and will better enable firms to further the shift into higher value advisory services.

"This change represents a new era for CAS practices,” said Becky Munson, partner at Eisner Advisory Group LLC and member of the CAS Advisory Council. “The standards now align more closely with the evolving needs of businesses and the services provided by CAS teams. This will now allow them to truly serve clients while continuing to fulfill their professional obligations. It’s a win for everyone, and we can’t thank the committee enough for their diligence in making these changes."

CPA.com and the Digital CPA community have long focused on driving the CAS opportunity for the accounting profession. In 2023, the CAS Advisory Council formed, composed of CAS practice leaders from firms of all sizes. The Council is focused on creating a framework of best practices for the category and helps enable practitioners in the shift toward higher value advisory services.

“The financial reporting standard clarification is a sea change for how client advisory services will be managed going forward,” said Erik Asgeirsson, president and CEO, CPA.com. “Outsourced accounting services have evolved considerably beyond the preparation of a financial statement—today’s modern CAS practice delivers state of the art cloud accounting capabilities with dashboards and business insights which appropriately will now fall under the consulting service and advisory area of firms.”

While CAS remains one of the fastest growing practice areas in the profession, there’s potential for firms to deliver deeper business insights. This relies on a combination of financial and non-financial inputs to allow firms to provide strategic support around business transformation, industry-specific problems and high-level strategic financial planning and analysis.

According to the recent CPA.com and AICPA PCPS CAS Benchmark Survey report, close to one-third of firms reported growth of their CAS revenues from business insights or bundles containing business insights services. And all respondents project a decrease over the next three years in services that do not qualify as CAS, such as single-service financial statement preparation. This move is fueled by client demand for deeper insights, and CPAs are well positioned to fill this need.

“The modernization of standards reflects the reality of what is already happening within CAS practices today,” said Bill Reeb, CEO of Succession Institute and past chair of the Consulting Services Executive Committee.

Sharon Berman, principal at Rehmann, agreed: “This change will streamline CAS practices and allow them to more efficiently serve the evolving needs of clients."

Firms are already looking forward to the next phase of implementation. From the DCPA Conference keynote stage last December, Angie MacPhee, managing principal of consulting and advisory services at Baker Tilly, noted how her firm will be approaching the delivery of financial statements under CAS: “We are putting it under the consulting standards. While we’ll maintain very high quality, we’re excited to organize this way.”

In the coming weeks, CPA.com will release additional resources to help firms determine how this clarification and modernization of standards helps them move forward into business insights CAS, including an FAQ, video discussions, engagement letter templates, and more. In the meantime, access the following for more information:

• AICPA press release: AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement
• Blog: Financial reporting standards and the future of Client Advisory Services
• CPA.com and AICPA PCPS CAS Benchmark Survey report
• Listen to an update on the April 3, 2025 AICPA Town Hall
• Video: Practitioner discussion
• AICPA Statement on Standards for Accounting and Review Services No. 27
• SSARS No. 27 At a Glance

 
About CPA.com

CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus.

Our company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners.

A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.

CPA.com plans to release a number of resources — including a FAQ, video discussions, engagement letter templates, and more — in the near future to help firms figure out what, exactly, the clarification means for their CAS practices.

Article source: https://www.accountingtoday.com/news/aicpa-clarifies-standard-on-cas-statement-preparation