October 10, 2013
The NASBA Boards of Directors and the AICPA Board of Directors have each approved for exposure firm mobility language that would be included in the Uniform Accountancy Act. The vote to expose came on September 25, when the NASBA Board held a special conference call to discuss the proposed language. A few days later, the results of the AICPA’s e-mail polling of its Board also resulted in approval to distribute the language for comment. The comment period ends January 31, 2014.
The proposed language has been posted on this website, as well as the AICPA’s website. A state’s enactment of this language would enable firms that are licensed in at least one state and that meet the UAA ownership and peer review requirements to practice across state lines without a permit. Firms with offices in a state would still need to be licensed in that state.
“Having uniform firm mobility language in the UAA for the states that want to adopt it is critical – but it is not something that we are going to actively campaign for in any state that is not supportive,” said NASBA President and CEO Ken Bishop. “We realize that each jurisdiction has to consider if and when this would be right for them.”
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