LCPA Legislative Achievements Benefit Louisiana CPAs

A business turnaround specialist and Certified Public Accountant (CPA), James Castille is a resident of Lafayette, Louisiana. Possessing more than 25 years of management, sales, and accounting experience, James Castille belongs to the Society of Louisiana Certified Public Accountants (LCPA).

The LCPA represents the state’s most prominent association for accounting professionals and supports the profession through efforts such as advocating for legislation that improves the landscape for CPAs and those that they serve. This work is performed by the LCPA Political Action Committee (PAC), which educates and informs federal, state, and local lawmakers on key issues.

The PAC has played a role in the success of several pieces of legislation that has benefitted CPAs. For example, it helped pass measures that made Louisiana a no notification, no fee state, enabling CPAs to move from one state to another without the need to notify state boards unless audits of out-of-state companies are involved. Furthermore, the PAC granted protections for CPA-client communications by backing legislation that provided them the same privileges as attorney-client communications. This undertaking also altered laws for obtaining a CPA’s records via subpoena.

Other political-action accomplishments include passing legislation that exempted annuity contracts and tax-deferred arrangements from seizure in bankruptcy cases, established pre-trial review panels for malpractice suits against CPAs, and prevented the levying of sales tax on accounting services.