About: lwells

Parmalat Finanziaria, S.p.A., Parmalat S.p.A. and their affiliates (collectively, “Parmalat”) collapsed upon the discovery of a massive fraud that reportedly involved the understatement of Parmalat’s debt by nearly $10 billion and the overstatement of its net assets by $16.4 billion. Plaintiffs, purchasers of Parmalat securities between January 5, 1999 and December 18, 2003 (the “Class…

The purpose of this White Paper is to assist in providing transparency to the users of CPA firm services and the public at large regarding a CPA firm’s identity, by promoting uniformity among the various state boards of accountancy regarding their rules on CPA firm names, and where appropriate, recommend revisions to the Uniform Accountancy…

The Advisory Committee on the Auditing Profession, appointed by the U.S. Treasury Secretary Henry M. Paulson, Jr., was asked to examine comprehensively the condition and future of the auditing profession, with emphasis on the sustainability of a strong and vibrant profession. In conducting its work, the Committee recognized that the prospects for the auditing profession…

Article 7 of the Uniform Accountancy Rules references Permits to Practice, Firms. The objective of this reporting rule is primarily to reinforce the Board’s efforts to ensure that only appropriately qualified CPA firms are engaged in the offering and rendering of services subject to compliance assurance. Based upon its review of the reports submitted pursuant…

October 27, 2008 A cover letter for the UAA Model Rules, as approved at the October 24, 2008 meeting of the NASBA Board of Directors, is sent to the State Board Chairs, Executives and others interested in State Accountancy Regulation. UAA Revisions Cover Letter November 2008