Category Archives: Publications

November 2014 – Full Issue

Written on November 21, 2014 at 8:37 pm, by

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Categories: State Board Reports

AICPA’s Barie Urges One Code for All

Written on November 21, 2014 at 8:36 pm, by

State Board Report November 2014 The way AICPA and NASBA have worked together for solutions to advance shared goals should set an example for the Congress, AICPA 2014-15 Chair Tommye Barie suggested at the NASBA Annual Meeting held in Washington, D.C. “Quality is high on our minds this year, and we are collaborating on a…

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Johnson Summarizes Accomplishments

Written on November 21, 2014 at 8:30 pm, by

State Board Report November 2014 Reviewing his year as NASBA Chair, Carlos E. Johnson said he had set the bar high for promoting NASBA’s relevance, the theme of the 2014 Annual Meeting, and he highlighted the following accomplishments that had occurred in that time: NASBA became active in the Accounting Program Leadership Group and participated…

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GASB Chair Vaudt Encourages Input

Written on November 21, 2014 at 8:14 pm, by

State Board Report November 2014 Governmental Accounting Standards Board Chair David A. Vaudt told the NASBA audience that the comment he hears most is that “government financial statements are too long and complex,” and he assured the audience that the GASB will be looking at the length and complexity of the reporting model. The same…

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Montgomery Explains IESBA Auditor’s Report Changes

Written on November 21, 2014 at 8:07 pm, by

State Board Report November 2014 Just as the Public Company Accounting Oversight Board has been considering changes to the auditor’s report (see SBR 9/13), the International Accounting and Auditing Standards Board has been focusing on making the report more informative. Dan Montgomery, IAASB Deputy Chair, told the Annual Meeting audience that while there have been…

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Stebbins, Keating and Roberts Bring Wider View

Written on November 21, 2014 at 7:56 pm, by

State Board Report November 2014 American Bankers Association President Frank Keating, World Fuel Services Corporate Chairman Emeritus Paul H. Stebbins and broadcaster Cokie Roberts brought a broader perspective to the 2014 Annual Meeting. Mr. Stebbins called on the audience to consider the national debt and asked, “Is it ethical to rob our next generation?” He…

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Practice Analysis Underway

Written on November 21, 2014 at 7:49 pm, by

State Board Report November 2014 Over 200 responses have already been received to the AICPA Board of Examiners’ ‘”Invitation to Comment: Maintaining the Relevance of the Uniform CPA Examination,” AICPA Vice President – Examination Michael Decker reported to the Annual Meeting on November 4. He said the BOE aims to make changes to the Uniform…

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2014 Award Winners: Isserman, Vaudt and Windfeldt

Written on November 21, 2014 at 7:42 pm, by

State Board Report November 2014 NASBA Nominating Committee Chair Mark P. Harris (LA) and Executive Vice President Emeritus Lorraine P. Sachs presented NASBA’s three annual awards to: Richard Isserman, CPA (NY) – NASBA Distinguished Service Award David A. Vaudt, CPA (IA) – William H. Van Rensselaer Public Service Award Viki A. Windfeldt (NV) – Lorraine…

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Panel Looks at DOL Concern

Written on November 21, 2014 at 7:30 pm, by

State Board Report November 2014 The Department of Labor’s concern with the quality of audits of Employee Benefit Plans (EBP) being performed by CPA firms (see SBR 3/14) was brought to the attention of the State Boards’ Executive Directors at their March 2014 meeting, but it had been brought to the attention of the AICPA…

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PCAOB’s Doty Thanks NASBA for Help

Written on November 21, 2014 at 5:52 pm, by

State Board Report November 2014 As envisioned by the Sarbanes-Oxley Act, the Public Company Accounting Oversight Board (PCAOB) and the State Boards of Accountancy “create a regime of professionalism,” PCAOB Chair James R. Doty told the NASBA Annual Meeting on November 3. He thanked NASBA Past Chair Gaylen Hansen for his six years of service…

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