Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports.
The GWSCPA serves the greater Washington, DC metropolitan area. Accounting firm professionals, not-for-profit financial professionals, government financial professionals, accounting and business faculty and students can become members.
On December 29, 2022, President Biden signed the Consolidated Appropriations Act, 2023, which includes the provisions of the Securing a Strong Retirement Act, commonly called SECURE 2.0.