Advocacy Updates

Industry advocates and small business owners argue that the credit would help boost the economy and spur innovation in the state.

Can Connecticut become the Silicon Valley of quantum tech? Comptroller Sean Scanlon thinks it’s at least a possibility.

Gov. Ned Lamont informed Democratic legislative leaders in a conference call Monday afternoon he intends to use his line-item authority to strike references to earmarks and other spending from the emergency-certified bill passed last week.

The General Law Committee is considering a privacy bill that would restrict how Connecticut state and law enforcement agencies use automated license plate readers, including Flock cameras.

Margaret Ryan has resigned as director of the agency’s division of enforcement after about six months on the job.

The AICPA Professional Ethics Executive Committee (PEEC) issued an exposure draft proposing revisions to the definition of “attest engagement team” in the AICPA Code of Professional Conduct (the Code). The proposal is intended to align the Code’s use of “attest engagement team” with other AICPA professional standards.

During 2025, audit and assurance professionals continued to operate in an environment marked by sustained economic uncertainty, evolving regulatory expectations, ongoing workforce constraints, and rapid advances in technology. Elevated interest rates, continued inflationary pressures in certain sectors, geopolitical instability, and increased focus on supply chains and liquidity heightened risks for many entities and increased the complexity of audit engagements.

The two states are among the last and latest to officially start the process of changing laws that determine how candidates become certified public accountants.

Consistent with applicable law and longstanding practice, the Secretary of the Treasury oversees the operations of all Treasury offices and bureaus, including the Internal Revenue Service. Secretary Scott Bessent’s service as Acting Commissioner of the IRS under the Federal Vacancies Reform Act has expired, and he has not served in that capacity since that time.

The Securities and Exchange Commission initiated only 10 accounting and auditing actions last year — its lowest level in nine years.