Category Archives: Publications

State Board Report March 2014 The U.S. Securities and Exchange Commission plans to continue to support the Financial Accounting Standards Board’s efforts, while promoting the development of global standards, over the next four years. Its draft Strategic Plan for Fiscal Years 2014-2018 states: “In overseeing the Financial Accounting Standards Board (FASB), the SEC will strengthen…

State Board Report March 2014 State Boards are asked to submit their nominations for NASBA 2014-2015 Board members by Monday, May 19, 2014. Nominations for all Regional Directors and three Directors-at-Large will be accepted. Recommendations, with bios, should be sent to Nominating Committee Chair Gaylen Hansen at NASBA, 150 Fourth Avenue North, Nashville, TN 37219-2417…

State Board Report March 2014 The 2014 NASBA Legal Counsel Conference drew 33 representatives from 23 jurisdictions. Stacey L. Grooms, NASBA Manager of Regulatory Affairs, who moderated the conference, remarked that the March 3-5 meeting provided a great opportunity for attorneys from different states to have conversations that allowed them to better understand the parameters…

State Board Report March 2014 “No ordinary business minds” is the marketing slogan of the six institutes of chartered accountants that banded together a year ago to promote the work of their combined 310,000 professionals. Speakers at the February 27, 2014 annual meeting of the Association of Chartered Accountants in the United States (ACAUS) were…

State Board Report March 2014 Following a successful pilot project with the Missouri Board of Accountancy and subsequent successful implementations for the Tennessee and Virginia Boards of Accountancy, NASBA is now making its CPE Audit Service available to all Boards that are participating in the Accountancy Licensee Database (ALD) and providing hashed data that links…

State Board Report March 2014 2014 is a year of review and evaluation of the Statement on Standards for Continuing Professional Education. The 13-member CPE Standards Working Group, comprised of representatives from the State Boards, the NASBA Board of Directors and representatives of CPE stakeholders, is studying the Standards, last revised in 2012, to make…

State Board Report March 2014 The extent to which Accountancy Boards do background checks on CPA candidates and/or renewing licensees varies significantly among states, a recent poll conducted by Virginia Board of Accountancy Executive Director Wade A. Jewell found. At the Executive Directors Conference the results of the poll, which included responses from 45 jurisdictions,…

State Board Report March 2014 The legislative process usually leaves Boards of Accountancy looking in from the outside, observed John W. Johnson, NASBA Director of Legislative and Governmental Affairs, at the meeting in Savannah. He explained that in the time that he has been with NASBA he has been working to bridge what he terms…

State Board Report March 2014 I am writing this Memo as I am preparing to attend the 32nd NASBA Annual Conference for Executive Directors and Board Staff, commonly referred to as the “ED Conference.” There was a time I would have been somewhat reluctant to write an article about the importance of our Executive Directors,…

State Board Report March 2014 NASBA Enforcement Resources Committee Chair Harry O. Parsons (NV) has announced the creation of “Enforcement Tools” Web pages on NASBA’s website. The resources currently on the site that are available to the Boards as well as the public include: SEC/IRS Quarterly Enforcement Reports; Enforcement Newsletters; Becoming an Investigator or Expert…