July 2007

We are pleased to announce that the Uniform Accountancy Act (UAA), Fifth Edition, July 2007, is now available. As you may recall, in December 2006, the UAA exposure draft was released for comment by the AICPA/NASBA UAA Committee, and re-released with amended language in March 2007. After a careful review of the submitted comments, all the committees involved agreed to the changes as shown in the accompanying document.

The revisions to Section 23 of the Uniform Accountancy Act (UAA) and conforming changes to Sections 3, 7 and 14 provide a comprehensive system for permitting licensee mobility while making explicit the boards’ authority to regulate all who offer or render professional services within their jurisdiction regardless of how those services are being provided. These changes achieve the goals of enhancing public protection, facilitating consumer choice and supporting the efficient operation of the capital markets.

These revisions to the Uniform Accountancy Act were approved by the AICPA Board of Directors on July 12, 2007 and the NASBA Board of Directors on July 27, 2007 and thus are now officially adopted. They are the first changes to the statute since December 2005, and will be reflected in the electronic version of the document available on the AICPA (www.aicpa.org) and NASBA (www.nasba.org) Web sites. The document will now be referenced as “Uniform Accountancy Act Fifth Edition, July, 2007.”

If you need additional assistance or have questions, please contact the AICPA at 202-737-6600 or NASBA at 212-644-6469.

Thank you for your continued support and assistance.

Sincerely,

William Strain, CPA
AICPA UAA Committee Chair

Andrew L. DuBoff, CPA
AICPA UAA Committee Chair NASBA UAA Committee Chair

See Full Document:
UAA Fifth Edition

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