• New restricted Internet domain is exclusively for accounting profession
• Delivers enhanced trust, security and verification
• Strengthens brand identity in online communications

NEW YORK (Sept. 1, 2020) – The American Institute of CPAs and its business and technology arm, CPA.com, have begun an early-phase rollout of .cpa, a restricted Internet domain that allows CPAs to connect with clients and the general public with greater trust, security and verification.

Top-level domains are the letters found at the end of an Internet address, with the most common being .com. The use of specialized or restricted top-level domains has grown dramatically in recent years as businesses, organizations and online communities seek to promote their visibility and authenticity in the digital world. The restricted domain designated for the CPA profession is .cpa.

“Trust is a crucial commodity in business and on the Internet, and it’s a cornerstone of the CPA profession,” said AICPA President and CEO Barry Melancon, CPA, CGMA. “The .cpa domain will signal you’re doing business with a licensed CPA firm or individual CPA, so it provides an additional level of trust, security and brand recognition in online interactions.”

All firms can begin submitting applications today at domains.cpa. The goal of this initial period, which runs through Oct. 31, is to help firms acquire domains that are most consistent with their current digital branding. To apply, firms must be licensed and agree to use the domain they acquire. Licensed firms that apply during the early registration phase will be able to register their existing .com domain using .cpa. Firms will be notified of the outcome of their domain applications no later than early November.

The initial application phase is designed to ensure domains are issued systematically, according to logic-based criteria that has been verified by an independent third-party. After the initial period closes on October 31 and the first batch of domains are awarded, firms are free to apply for any available .cpa name on a rolling, “first come, first served” basis. In January 2021, the process will open up to include individually licensed CPAs.

“The digital presence of firms has never been more important.,” said Erik Asgeirsson, president and CEO of CPA.com. “The .cpa domain will reduce risks associated with phishing and spoofing attacks and the growing number of online bad actors. Just as importantly, it will give clients and the public-at-large greater peace of mind they’re dealing with legitimate CPA firms.”

The AICPA was awarded ownership and management of the .cpa top-level domain last year by the Internet Corporation for Assigned Names and Numbers (ICANN). The institute has contracted with Neustar, one of the largest registry service providers in the world, to maintain and secure all .cpa domains. CPA.com will be responsible for managing the outreach of the service to firms in the United States.

CPA.com is hosting a CPE-eligible, Sept. 15 webcast on the new offering. For additional information on the .cpa domain or to register for the webcast, please visit domains.cpa.

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.

About the American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 431,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the profession.

Acceleration of Change is Overarching Theme of Dec. 8 Forum

NEW YORK (Aug. 3, 2020) – Digital CPA, an event hosted by the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com, will focus this year on change management, successful deployment of distributed teams and technological innovation in the accounting profession.

The all-virtual event will be held Dec. 8 and will be complemented by a Nov. 12 pre-conference session on remote work.

“We’re living through a year defined by uncertainty, disruption, complexity, but also opportunity,” said Erik Asgeirsson, president and CEO of CPA.com. “Businesses need guidance and insight from trusted advisors like no time in history. Market dynamics are accelerating technology adoption timelines and the bonds between CPAs and their clients will be a critical component of economic recovery. We want to make this discussion the hallmark of Digital CPA 2020.”

Conference keynotes at this year’s event include:

• Jeffrey Rogers, a moderator of executive education programs and international summits for Singularity University, who will speak about change dynamics, managing complexity and transformation in a period of continuous, accelerating change.
• Barry Melancon, CPA, CGMA, president and CEO of the AICPA, who will give an in-depth professional issues update on accounting and finance.
• Erik Asgeirsson, president and CEO of CPA.com, who will discuss trends in firm management, advisory services and technology.

The pre-conference session, “Distributed by Design: A Framework for Future Forward Organizations,” will be led by Radical Ventures cofounder Pascal Finette. It will provide a framework and toolkit for CPA firms to conduct strategic planning and decision-making on remote work, decentralization, and the opportunities and challenges that arise from them. Participation is limited and will be on a first-come. first-serve basis.

Digital CPA is designed for CPA firm partners, managers and staffers responsible for implementing cloud solutions and practice management innovations, as well as business development, firm marketing and human resources directors within firms.

Members of the media can contact Jeff May, jeffrey.may@aicpa-cima.com, for access to live online sessions of Digital CPA.

For more information about the event please visit digitalcpa.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. 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.

About the American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 431,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the profession.

Platform Powered by Biz2Credit Automates Loan Forgiveness Application for Small Business Owners

NEW YORK (July 20, 2020) – The American Institute of Certified Public Accountants (AICPA) and its business and technology arm, CPA.com, today announced the launch of a Paycheck Protection Program (PPP) loan forgiveness platform, PPPForgivenessTool.com, which automates the forgiveness process for small business owners who received funds from the PPP.

The dynamic platform, powered by fintech lender Biz2Credit, incorporates the PPP forgiveness calculator created by the AICPA in May and is available to any business approved for a PPP loan, regardless of the lender or bank they worked with to receive funding. Borrowers or their CPA advisors can log onto the platform to fill out the forgiveness application and the tool produces all government-mandated forms automatically. The PPP applicant will be able to electronically sign the 3508 or 3508 EZ forms and all the required source documents will also be included in a downloadable file that can be provided to their lenders. The platform will likely save hours of manual work for any applicant going through the process.

The PPP is part of the CARES Act stimulus package and is designed to help businesses impacted by the coronavirus pandemic to maintain operations and payroll. PPP loans are forgivable if borrowers follow guidelines on payroll spending set by the Small Business Administration (SBA) and Treasury Department, which administer the loan program.

“For the past three months, we have been very actively engaged in providing resources and tools to support the 44,000 CPA firms in the critical role they’ve played for the five million businesses that applied for PPP loans,” said Erik Asgeirsson, president and CEO of CPA.com. “We are now incorporating our PPP calculation and process recommendations into a dynamic PPP Forgiveness Tool to help drive a simple and effective forgiveness process. Our broader goal with this tool is to also to help drive a common approach to this process with the payroll and lender communities.”

PPPForgivenessTool.com is an open architecture platform developed by Biz2Credit using its proprietary Biz2X Platform. The platform incorporates the AICPA’s PPP loan forgiveness calculator, a template that reflects all current SBA and Treasury guidance on PPP forgiveness. The Loan Amount and PPP Calculators provide a commonly accepted approach to many PPP issues not covered by definitive guidance and have been downloaded by tens of thousands of firms since April. The platform is being offered without charge to small businesses and CPA firms applying for forgiveness.

Back in April, AICPA formed a working coalition with leading payroll providers to help provide ongoing guidance and recommendations around PPP for small businesses and CPA firms. This small business funding coalition has also maintained an ongoing dialogue with lenders, another key stakeholder in small business success.

Thanks to the platform’s open architecture, members of the AICPA’s coalition and other service providers can integrate into PPPForgivenessTool.com with ease. Payroll providers and other companies that hold small business data are able to automate the import of source data they hold, such as payroll reports, thereby increasing the speed at which businesses can complete their forgiveness applications.

“This online platform will produce a finalized forgiveness application that a borrower can take right to their lender for submission without any extra work,” said Biz2Credit CEO Rohit Arora, one of the nation’s leading experts in small business finance and fintech. "It is extremely important right now for companies that serve small businesses to come together to help these business owners benefit from the Paycheck Protection Program. An open architecture platform like this is an invitation to any company that works with small businesses, including PPP lenders. Come and join the coalition, integrate to the platform and help your small business customers at this critical time.”

Final Treasury and SBA FAQs on PPP forgiveness are expected to be released soon and the PPP Loan Forgiveness Tool will be updated to reflect any new changes. Based on this, we recommend that borrowers and CPA firms wait for the final guidance before generating the final signed SBA form 3508.

For more information, visit www.pppforgivenesstool.com. A brief overview of the tool for borrowers is available in this video, while another demonstrates how CPA firms can make use of the platform.

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.

About the American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 431,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the profession.

About Biz2Credit

Founded in 2007, Biz2Credit has arranged more than $3 billion in small business financing. Biz2Credit is focused on funding what’s next for small business. The company leverages data, cash flow insights, and the latest technology to give business owners an automated small business funding platform to fit their financial needs. With over 350 employees globally, the Biz2Credit team – made up of top-notch engineers, marketers, and data scientists – is building the next generation in business lending solutions.

Biz2Credit has been named to Inc. Magazine’s Private Titans list for 2020, is a three-time winner of the Deloitte Technology Fast 500 and was named a Great Place to Work in 2020 and 2019. Headquartered in New York City, the company recently raised a $52M Series B round of investment in 2019.

Visit www.biz2credit.com or Twitter @Biz2Credit, Facebook, and LinkedIn.

About Biz2X

Biz2Credit’s Biz2X Platform offers banks and other financial institutions the ability to streamline their digital loan application processes, better manage risk. Biz2X is a global SaaS platform that powers growth with a modern client experience and leading risk tools. Leading financial brands from the Fortune 100 to regional and community banks have chosen to launch new online lending initiatives with the platform’s modular architecture, digital loan origination workflow and proven risk analytics.

For more information, visit Biz2X.com.

Wainman Remains in Executive Chairman Role Responsible for Innovation

TORONTO (July 14, 2020) – CaseWare International Inc. today reinforced its defining commitment to innovation in audit and accounting technology by naming veteran software executive Matt Dodds its new Chief Executive Officer. The move is part of a broader management expansion for the leading global provider of cloud-enabled audit, financial reporting and data analytics solutions.

Dodds had previously served as General Manager of CaseWare IDEA, a data analytics software division of the parent firm. Dwight Wainman, CaseWare’s founder, president and CEO for the past 32 years, will become executive chair and focus on the company’s global innovation initiatives, including the Dynamic Audit Solution (DAS), an audit-of-the-future project being developed with the American Institute of CPAs (AICPA), CPA.com and leading CPA firms.

“The accounting profession is at an inflection point, with significant changes coming to audit and assurance practices due to technology and new methodologies,” Wainman said. “CaseWare is a significant part of this evolving story, and our work with AICPA is fundamental to this transformation. Matt has distinguished himself at CaseWare IDEA and I’m confident he will drive the day-to-day management of the company as I shift my focus entirely to work on driving innovation and transformative change.”

“We’re excited that this change allows Dwight to focus solely on innovation and advancing our joint effort with firms around DAS,” added Susan Coffey, the AICPA’s Executive Vice President, Public Practice.

Dodds brings diverse experience in technology to his new role as CEO. The Cambridge University-educated engineer served as COO of Jibestream and held various leadership positions at Volaris Group, a division of Constellation Software, before joining CaseWare IDEA in 2017 as General Manager. “Matt’s promotion to CEO shows the deep bench strength at CaseWare and positions the company well for what will be a transformative period for the accounting profession,” according to Erik Asgeirsson, President and CEO of CPA.com, the business and technology arm of the AICPA.

“I am honoured to take on this role and to help build on the pioneering audit, financial reporting and data analytics solutions CaseWare has delivered to global markets over the past 30 years,” Dodds explained. “But more importantly, I’m excited to bring all of our capabilities together within one unified cloud platform, transforming CaseWare into a cloud-first business.”

CaseWare Head of Business Development Ross Hampton, who plays a critical role working closely with the AICPA and CPA.com, brings over 20 years of experience in the information technology and financial services industry to the CaseWare team and will continue to lead its activities in the U.S. market.

As this transition takes place, CaseWare is reassuring staff and global customers that there are no other changes to day-to-day operations at this time, and that this decision signals a renewed commitment to the company’s founding principles of innovation, a high standard of excellence, and compliance for firms worldwide.

About CaseWare

CaseWare International Inc. is the leading global provider of cloud enabled audit, financial reporting and data analytics solutions. With efficiency, quality and value in mind, CaseWare provides cutting-edge technology to accounting firms, businesses and government entities. Over 400,000 users, in 130 countries and in 16 languages, use CaseWare solutions.

Cloud Solution Transforms Process for “Limited Scope” Audits of Employee Benefit Plans

NEW YORK (June 25, 2020) — The American Institute of CPAs (AICPA), CPA.com and CaseWare International Inc. today announced the launch of OnPoint EBP, a cloud solution designed to facilitate the efficient and effective performance of “limited scope” employee benefit plan audits.

OnPoint EBP is powered by the CaseWare Cloud platform and designed for audits of employee benefit plans pursuant to ERISA Section 103 (a)(3)(C). It combines AICPA-developed methodology, engagement management, analytics, advanced client collaboration tools and links to authoritative guidance within a single application.

“The tools many auditors rely on today for employee benefit plan audits are inefficient, requiring manual data entry, redundant processes and outdated, on-premise technology,” said Erik Asgeirsson, president and CEO of CPA.com, the business and technology arm of the AICPA. “We’ve seen how modern, cloud-based solutions have transformed client accounting services, and OnPoint EBP brings many of the same elements of efficiency and quality to limited scope EBP audits.”

Technology and evolving standards are transforming the way audits are being conducted. The AICPA has been a leader in this area, particularly in its work to define and develop the audit of the future through projects such as the Dynamic Audit Solution (DAS). The AICPA has committed significant resources over the last six years to promote and improve the quality of audit engagements through the Enhancing Audit Quality initiative, a data-driven program to improve auditors’ performance through guidance, peer review and other measures.

“This is one more step in our evolution of resources to support firms in their performance of quality services,” said Sue Coffey, CPA, CGMA, the AICPA’s executive vice president of public practice. “Technology will never eliminate the need for a CPA’s professional judgment and expertise in audits. But equipping auditors with the best tools can help facilitate greater quality and provide better insights during their engagements. That’s been one of the guiding principles behind our efforts in this area.”

There are close to 84,000 employee benefit plan audits conducted in the United States each year, almost 70 percent of which are limited scope audits. Of the 5,000 CPA firms that perform EBP audits, a little more than half do four or fewer engagements each year.

Employee benefit plan features can vary widely. OnPoint EBP drives quality and efficiency through its unique Plan Profile, which functions as a powerful scoping tool to identify specific features and nuances of the plan under audit. Among other advantages, the tool:

• Improves auditor understanding of the employee benefit plan and its provisions
• Provides a guided approach to risk identification and assessment
• Integrates diagnostics to indicate when an auditor’s response warrants additional consideration or when someone chooses a non-standard path
• Automates drafting of financial statements and note disclosures as a permissible nonattest service
• Streamlines audit processes with dynamic content and workflow
• Facilitates collaboration with the client and engagement team

OnPoint EBP is commercially available to all firms through CPA.com and may be used for ERISA limited scope audits both currently and after the adoption of SAS 136 Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA.

For more information on OnPoint EBP, including a product overview, key benefits, pricing and training, visit cpa.com/onpoint-ebp.

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.

About the American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 431,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the profession.

About CaseWare

CaseWare International Inc. is the leading global provider of cloud enabled audit, financial reporting and data analytics solutions. With efficiency, quality and value in mind, CaseWare provides cutting-edge technology to accounting firms, businesses and government entities. Over 400,000 users, in 130 countries and in 16 languages, use CaseWare solutions.