Category Archives: State Board Reports
May 2013 – Full Issue
Written on May 17, 2013 at 5:01 pm, by agoldstein
AACSB Adopts New Standards
Written on May 17, 2013 at 5:00 pm, by agoldstein
State Board Report May 2013 Refreshed standards embracing the concepts of “innovation, impact and engagement” were unanimously adopted by the Association to Advance Collegiate Schools of Business (AACSB) International at their meeting on April 8. The new accreditation standards were developed over a two-year period, reducing the previous 21 standards to 15. Jan Williams, Dean…
USTR Director Addresses IQAB
Written on May 17, 2013 at 4:58 pm, by agoldstein
State Board Report May 2013 The U.S. Trade Representative’s office is moving ahead with several initiatives that will be covering trade in accounting services around the world, according to a report given by Director of Trade Negotiations Thomas Fine to the NASBA/AICPA International Qualifications Appraisal Board (IQAB) on April 5 in Durham, NC. An international…
President’s Memo: All in the Family
Written on May 17, 2013 at 4:55 pm, by agoldstein
State Board Report May 2013 Country music artist George Jones died in Nashville on April 26 at the age of 81. Now for most of the country, his passing probably did not get the full front page coverage that we saw here in Middle Tennessee. In the “Music City” George was royalty. He and his…
EU Committee Backs Rotation
Written on May 17, 2013 at 4:48 pm, by agoldstein
State Board Report May 2013 Obligatory auditor rotation after 14 years, with a possible extension to 25 years if certain safeguards are met, is one of the recommendations approved by the European Parliament’s Committee on Legal Affairs on April 25. The Committee also voted in favor of prohibiting audit firms from offering non-audit services that…
ASAF Holds First Meeting
Written on May 17, 2013 at 4:45 pm, by agoldstein
State Board Report May 2013 Standard setters from all parts of the world came together for the first meeting of the Accounting Standards Advisory Forum (ASAF) on April 8-9, 2013 in London. The aim of the group is to provide a technical advisory body to the International Accounting Standards Board (IASB) for its development of…
Board to Provide Guidance on OCBOA
Written on May 17, 2013 at 4:39 pm, by agoldstein
State Board Report May 2013 At their meeting on April 19, after discussing public protection implications surrounding the lack of authoritative standards for “other comprehensive bases of accounting” (OCBOA) reporting, the NASBA Board of Directors resolved to reach out to the State Boards to share such concerns. The Board further resolved to develop, through appropriate…
Past Chair Vaudt to Head GASB
Written on May 17, 2013 at 4:31 pm, by agoldstein
State Board Report May 2013 NASBA Past Chair David A. Vaudt (IA) has been named to serve as the next chairman of the Governmental Accounting Standards Board (GASB) effective July 1, 2013. Called Iowa’s “Taxpayer Watchdog” by Iowa Governor Terry Branstad, Mr. Vaudt has resigned his position as Iowa’s state auditor, a post he held…
PCAOB Bill Reintroduced
Written on May 17, 2013 at 4:26 pm, by agoldstein
State Board Report May 2013 A bill that would make the Public Company Accounting Oversight Board’s (PCAOB) disciplinary proceedings more open to the public was reintroduced by U.S. Senators Jack Reed (D-RI) and Chuck Grassley (R-IA) on April 26 as the “PCAOB Enforcement Transparency Act of 2013.” The bill would make the PCAOB’s hearings, and…
April 2013 – Full Issue
Written on April 21, 2013 at 6:59 pm, by agoldstein