2013年USCPA总裁兼首席执行官专访

       The following is an interview with USCPA President and CEO Barry Melancon, CPA, CGMA. He was asked to share his thoughts about some of the major issues and trends that will affect CPAs in 2013.

        In the coming year, we will see the first efforts of the Private Company Council. What changes can CPAs and the companies they serve expect to see?

        The Financial Accounting Foundation’s Private Company Council was created to address issues affecting companies that need GAAP-based financial statements. The PCC only recently began meeting,

        and will be weighing in on existing standards and ones in development. Private company accounting stakeholders are expecting prompt action by the PCC in modifying GAAP to bring more relevance

        and simplification to financial reporting.

        The USCPA is developing the Financial Reporting Framework for Small- and Medium-Sized Entities, which is expected to be published in the spring. How will this impact CPAs?

        CPAs can begin putting the FRF for SMEs to work soon after tax season is over, depending on the comments we receive on the proposal that’s out until Jan. 30. In terms of how it will impact

        CPAs, private companies currently have a range of options, from OCBOA reporting to GAAP exceptions, and this framework will provide an additional choice. At the same time, FRF for SMEs brings

        some consistency to accounting for smaller private companies that don’t require GAAP financial statements. The FRF for SMEs will be more robust than tax- or cash-basis OCBOA and will be a

        principles-based framework that can be consistently applied. CPAs should be able to use the FRF for SMEs to prepare financial statements in 2013 and will be able to compile, review or audit

        those financial statements. We don’t expect to see frequent revisions to the framework, which will be a real benefit for smaller CPA firm practitioners. To make the framework easy to use, as

        soon as the final FRF for SMEs is released we will provide members with implementation guidance and educational materials they can use with bankers or clients’ other financial statement users.

        We’re also taking steps at the Institute to ensure that the marketplace is aware of the framework and able to understand the value of financial statements based on FRF for SMEs.

        What do you expect to come to fruition in 2013 in terms of regulation?

        Of immediate concern is the debate on fiscal cliff issues and the huge tax changes that are possible just as tax season begins, adding uncertainty to tax planning and tax strategy. We are

        certainly going to have a voice in that discussion, and we plan to have an important role in the dialogue on a wide range of other tax issues. No matter what actions Congress takes, there will

        be many short-term fixes, and we will speak out in the lively debate that is sure to follow as more long-lasting changes are discussed. One of our main roles will be to advise Congress on ways

        to simplify the tax code and avoid unintended consequences when writing tax law.

        We expect the Public Company Accounting Oversight Board to complete its review of mandatory audit firm rotation in 2013, and that we’ll see further evolution on implementation issues associated

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