Category Archives: State Board Reports

NASBA Keeps in Contact with Agencies

State Board Report April 2015 NASBA representatives have met, held conference calls and/or exchanged email regularly since 2014 with staff of the IRS, DOL, SEC and PCAOB, gaining a better understanding of the enforcement process at each agency, reported NASBA Regulatory Affairs Manager Stacey Grooms at the ED Conference. These meetings have resulted in the…

EDs of Societies and Boards Meet

State Board Report April 2015 Reviving a joint event last staged approximately a score of years ago, the executive directors of State Boards of Accountancy met with the executive directors of State CPA Societies, March 24-25 in Tampa, FL. Executive Directors Committee Chair Russ Friedewald (IL) reported the 33rd NASBA Annual Conference for Executive Directors…

March 2015 – Full Issue

International Concern with Audit Quality

State Board Report March 2015 Deficiencies in important areas of audits persist, the International Forum of Independent Audit Regulators (IFIAR) reports. IFIAR’s 2014 Survey of Inspection Findings is based on the 29 IFIAR member countries’ inspection of 948 public company audits in which they found deficiencies in 47 percent. The international regulators discovered the highest…

President’s Memo: Changing Our International Thinking

State Board Report March 2015 For many years most Boards of Accountancy have recognized non-U.S. accountants using the Mutual Recognition Agreements (MRAs) developed by the NASBA/AICPA International Qualifications Appraisal Board (IQAB). These accountants hold professional designations which IQAB has determined have similar requirements to those for being a licensed CPA, as outlined in the Uniform…

Death of 1997-98 Chair Blake

State Board Report March 2015 We recently learned of the death in November of NASBA Chair 1997-8 Sarah G. Blake, CPA (AZ). A long-time member and past president of the Arizona State Board of Accountancy, Ms. Blake was the first woman president of the Arizona Technology Development Corporation and was active in NASBA’s Technology and…

2015 Call for Grant Proposals

State Board Report March 2015 Through April 13, 2015, NASBA will be accepting grant proposals for accounting education research projects. Faculty and post-doctoral researchers in U.S. academic institutions are encouraged to submit proposals for research in educational issues impacting the public accounting profession and the Boards of Accountancy’s charge to protect the public. Some suggested…

NASBA Candidate Stats Books Out

State Board Report March 2015 The NASBA 2014 Uniform CPA Examination School Performance Book, covering the four 2014 testing windows, is now available in both soft cover and eBook versions. Compiled to meet the needs of educational institutions, the Book is intended to serve as a companion publication to NASBA’s 2014 Uniform CPA Examination: Candidate…

Court Rules Against Dental Board

State Board Report March 2015 The US Supreme Court on February 25 released its long awaited ruling in Federal Trade Commission v. N.C. State Board of Dental Examiners underscoring the need for States to exercise active supervision of a board if it delegates its regulatory authority to active market participants (see SBR 7/13). The six…

PCC Comes Up for Review

State Board Report March 2015 The Private Company Council (PCC), established in May 2012, is approaching the three-year mark when the overall assessment of its operations is to be performed. To assist the Board of Trustees of the Financial Accounting Foundation (FAF) in determining if the PCC is fulfilling its mission, a request for comment…