May 20, 2014
The two major changes contained in this edition of the UAA are (1) the revised definition of “attest” and (2) a CPA firm mobility provision. In conjunction with firm mobility, there is also a new requirement that non-CPA owners of CPA firms be of “good moral character.”
In the Model Rules, the term “retired” has been deleted. As provided for in the UAA, an individual can be a CPA, a CPA-inactive, or not licensed.
These changes were developed by the AICPA/NASBA Uniform Accountancy Act Committee and approved by both the AICPA Board of Directors and the NASBA Board of Directors. Thanks go to all those who carefully crafted, considered and commented on these amendments.
- MEMBER CENTER