The beneficial ownership information reporting (BOI) requirement went into effect on Jan. 1, 2024, and requires most entities to report information on their beneficial owners to FinCEN under the Corporate Transparency Act (CTA).
With this new reporting requirement, CPAs may have questions about their roles in providing these services. The following FAQ addresses some of the concerns that CPAs have raised.
Related resources
BOI resource center
BOI Reporting Services Engagement Letter
CNA’s Coverage Considerations: Services Related to the Corporate Transparency