Financial A&A news from around the web: March 30 – April 4, 2025

The death of a CPA: What happens to the firm? Time to make a plan 

CPAs should have a formal succession plan that addresses how the sale or termination of the practice (retirement, incapacity or death) will be handled. 

AICPA’s ARSC clarifies financial statement standard for CAS 

The update notes that using AR-C section 70 is optional, but accountants can choose to apply it in full or in part as they see fit.