Category Archives: Publications

State Board Report July 2014 After six months of preparation, the Board of Examiners is three months into the Practice Analysis for the next version of the Uniform CPA Examination. BOE Chair Federick Niswander told the Regional Meetings: “The basic questions are: What do we test – and how do we test it? What is…

State Board Report July 2014 An AICPA task force is developing a practice-monitoring concept for the future, AICPA Vice President Susan S. Coffey and AICPA Peer Review Board member G. Alan Long, who is also a member of the Kentucky State Board of Accountancy, reported to the Regional Meetings. The envisioned components of the quality…

State Board Report July 2014 NASBA Legal Counsel Noel Allen alerted the Regional Meetings to four recent cases of significance to the Boards of Accountancy: Greenberg v. Western CPE – The Defendant was a continuing professional education provider who reproduced in ethics course materials a summary of the State Board’s disciplinary action against Greenberg which…

State Board Report July 2014 The AICPA Accounting and Review Services Committee (ARSC) is expected to vote in August to release their new combined Statements on Standards for Accounting and Review Services (SSARS 21) – Preparation of Financial Statements: Compilation Engagements and Association with Financial Statements, reported NASBA Director-at- Large Janice Gray (OK), a member…

State Board Report July 2014 Does your Board or Society have a diversity and inclusion initiative? Does it have a program to identify minority rising leaders and to mentor them? These were the questions posed by NASBA Diversity Group Chair Tyrone Dickerson (VA) and Group Member Leonard Sanchez (NM) at the Regional Meetings. They reported…

State Board Report July 2014 Educators who had received NASBA Education Research Grants in 2013 shared with the Regional Meetings some of the insights their work has produced. During panel sessions moderated by Chief Relationship Officer Alfonzo Alexander in the East and Education Committee Member Dr. John E. Peterson (SD) in the West, the academicians…

State Board Report July 2014 The month of July is an important one at NASBA: The Regional Meetings are over; we are approaching the end of our fiscal year; and it is a time for reviewing, measuring and evaluating. It is also a time for planning, budgeting and challenging ourselves for the new fiscal year,…

State Board Report July 2014 Of the 223 pieces of “high-priority” legislation potentially impacting the regulation of the accounting profession, which were monitored by NASBA Director of Legislative and Governmental Affairs Director John W. Johnson during the 2014 legislative session, 76 of those bills have already been signed into law. As 26 legislatures work within…

State Board Report July 2014 The CPE Standards Working Group and the Continuing Professional Education Model Rule Task Force are both currently considering innovations in the delivery methods of CPE, blended delivery methods and nano-learning, NASBA Director of Compliance Services Maria Caldwell and National CPE Sponsor Registry Associate Director Jessica Luttrull reported to the Regional…

State Board Report July 2014 NASBA Chair Carlos E. Johnson and NASBA President Ken L. Bishop were named honorary “Kentucky Colonels” as part of the Kentucky Board’s welcome to the NASBA Eastern Regional Meeting’s participants on June 5. The Kentucky Board’s Executive Director Dick Carroll bestowed the honors following Board Chair Phillip M. Layne’s introductory…