Mark Peterson Delivers Key Insights at AICPA Fall Council Meeting

By Bonnie Stewart

At the recent AICPA Fall Council meeting, Mark Peterson, Executive Vice President – Advocacy, energized attendees with a comprehensive update on the current legislative, regulatory, and political landscape in advance of the 2024 election.

The conversation also turned to pressing legislative issues, including the prospects for a bipartisan tax package during the lame duck session, disaster relief efforts, and the regulation of paid tax preparers. Mark emphasized the AICPA's commitment to advocating for a comprehensive solution to these challenges, particularly the need for automatic disaster relief measures.

A major focus of the discussion was the crucial STEM designation for accounting, which Mark described as vital for the profession's future. He outlined a robust advocacy strategy aimed at securing federal recognition for accounting programs, urging state societies to engage with local press and universities in a concerted push leading up to the Spring Council meeting.

Mark concluded with a call to action, encouraging members to remain actively involved in advocacy efforts and to leverage their local voices on key issues. With a clear roadmap laid out and a passionate appeal for engagement, Mark's remarks underscored the importance of proactive involvement in shaping the future of the accounting profession.