Category Archives: Publications

NASBA Comments on Exposure Draft – Improving the Structure of the Code of Ethics for Professional Accountants

January 2015 – Full Issue

NASBA UAA Committee Projects

State Board Report January 2015 The NASBA Uniform Accountancy Act Committee, led by Chair J. Coalter Baker (TX), will be working on several projects this year, including: Inactive/Retired CPAs – What they can and can’t do under the UAA and Model Rules and if that needs to be changed. Barton W. Baldwin (NC), Lori J.…

President’s Memo: Improving Mr. Bojangles

State Board Report January 2015 Over the last two years, I have written Memos related to my law-enforcement background, President Harry Truman’s quotes, my grandfather’s words of wisdom, and various relevant life experiences. However, I don’t think that I have ever mentioned my early interest in music. Several generations of my family were musicians, including…

PCAOB Enforcement Division is 10

State Board Report January 2015 The Enforcement Division of the Public Company Accounting Oversight Board is now ten years old and its director, Claudius B. Modesti, is claiming its efforts have produced visible results: “Our current investigative inventory suggests that we have succeeded in sending a message about the importance of protecting the Board’s processes…

ED and Legal Counsel Conferences March 24-26

State Board Report January 2015 NASBA’s 33rd conference for Executive Directors and State Board Staff will be held March 24-26 in Tampa, Florida, as will its 20th conference for Board of Accountancy Legal Counsel. The Executive Directors’ meeting this year will feature several joint sessions with the chief executive officers of State CPA Societies covering…

SASB Issues Provisional Standards

State Board Report January 2015 The Sustainability Accounting Standards Board issued in December “provisional standards” for 10 industries with the goal of assisting corporations comply with Regulation S-K, to disclose material information in the Form 10-K. Industries covered include: advertising and marketing; cable and satellite; casinos and gaming; cruise lines; education; hotels and lodging; leisure…

Education Committee Studies Change

State Board Report January 2015 The impact on accounting education of the many recent technical advances in higher education are being monitored by NASBA’s Education Committee, chaired by Dr. Robert J. Cochran (VA). The 2014-15 Committee has several subcommittees in operation: Accreditation Changes – Nicholas J. Mastracchio, Jr., CPA, Ph.D. (NY), Daniel L. Fulks, CPA,…

AICPA Rethinks Peer Review

State Board Report January 2015 A concept paper on what the CPA profession’s practice monitoring might look like in the future has been released by the AICPA with a comment deadline of June 15, 2015. “Evolving the CPA Profession’s Peer Review Program for the Future,” mentioned as forthcoming at NASBA’s June 2014 Regional Meetings by…

Conaway Chairs Agriculture

State Board Report January 2015 Congressman K. Michael Conaway (TX-R) has been selected as the 50th Chairman of the House Committee on Agriculture. NASBA Chair 2002-2003, Congressman Conaway has continued to be an active participant in NASBA’s Past Chair Advisory Council. On being named to lead the House Committee, he stated: “I look forward to…