The Affordable Care Act had a large impact on the third quarter ended December 31 for Automatic Data Processing. But the impact was not so much on the financial results themselves as on the need to concentrate or generating the 1095-C form for the primarily mid-market clients that needed them.

The Thomson Reuters Tax & Accounting business grew revenue by 4 percent for the first quarter ended March 31, an increase of 8 percent before currency. However, the operation saw operating profit drop to $114 million, a decrease of 10 percent from $126 million in last year's corresponding period, the company said in reporting the results this week.

The National Association of State Boards of Accountancy has launched CPA Experience Verification, a service designed to provide a better organized and standardized experience validation and verification process for CPA licensure applicants. The service is available in nine states and Washington D.C.

The American Institute of CPAs is offering CPAs who perform single audits and employee benefit plan audits the ability to earn intermediate- and advanced-level certificates. The AICPA says the certificate program is designed to help auditors improve and demonstrate competency and quality when conducting these specialized engagements.