The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession. Presenters: Erik Asgeirsson, President & CEO, CPA.com Susan S. Coffey, CPA, CGMA, CEO, Public Accounting, AICPA Kelly Grier, CPA, US Chair and Managing Partner, EY Barry Melancon, CPA, CGMA, President & CEO, AICPA Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA Topics: Strategic Discussion with Kelly Grier, EY US Chair Legislative & Firm Strategy Discussion with Barry Melancon Technical Updates & Guidance Key Insights: AICPA’s CEO for Public Accounting, Sue Coffey, CPA, CGMA had a strategic discussion with EY’s US Chair, Kelly Grier, about how Big 4 navigated the pandemic and the future outlook. Barry Melancon, CPA, CGMA, AICPA’s President & CEO, and Erik Asgeirsson, CPA.com President & CEO, provided the latest legislative and IRS update including discussion around the Biden infrastructure & tax proposals, IRS service & penalty relief, and employee retention credit. Lisa Simpson, CPA, CGMA, VP of Firm Services for AICPA, provided a detailed technical update, specifically around FTE reduction calculation.