Tag Archives: 2010

U.S. CPA Exam to be Administered Outside the U.S. for the First Time

NEW YORK, NASHVILLE and BALTIMORE (Oct. 17) — The Uniform CPA Examination will be offered outside the 55 U.S. jurisdictions for the first time in its history in 2011. The American Institute of Certified Public Accountants, National Association of State Boards of Accountancy and Prometric – the three organizations that jointly offer the CPA Examination…

Blue-Ribbon Panel Addressing Standards for Private Companies Weighs GAAP with Exceptions and a Separate Standards Board

Norwalk, CT, October 8, 2010—A majority of the blue-ribbon panel addressing how U.S. accounting standards can best meet the needs of users of private company financial statements believes there is a need for a new standard-setting model that follows Generally Accepted Accounting Practices (GAAP) with exceptions for private companies. In addition, the majority envisions a…

NASBA Proposed Revisions to the UAA Exposure Draft

October 2010 The AICPA/NASBA Uniform Accountancy Act (UAA) Committee has worked over the past year to consider guidelines as to what are and what are not misleading CPA firm names. The proposed changes to the Uniform Accountancy Act (UAA) and Uniform Accountancy Act Model Rules (Model Rules) in this exposure draft are the result of…

New NASBA Website Improves How CPAs find CPE

NASHVILLE, TN (September 28, 2010) — The National Association of State Boards of Accountancy (NASBA) today announced the official launch of its newest website, www.LearningMarket.org. This innovative new site is specifically designed to connect individuals seeking continuing education programs with highly-qualified companies offering such programs nationwide. This new website is a continuation of NASBA’s ongoing role…

Calibrate and Learning Market Promise to Enhance Continuing Professional Education Compliance Process, Connect CPAs with Quality CPE Providers

NASHVILLE, TN (September 28, 2010) – The National Association of State Boards of Accountancy (NASBA) announced today two new products designed to revolutionize how the accounting profession manages continuing professional education (CPE) compliance and professional growth and how professionals and CPE providers connect. Driven by the mission to enhance the effectiveness of the state boards…

NASBA Responds to Supreme Court Ruling in Free Enterprise v. PCAOB

NASHVILLE, TN (June 29, 2010) — The U.S. Supreme Court yesterday issued its decision in the case of Free Enterprise Fund v. the Public Company Accounting Oversight Board (PCAOB). The Supreme Court narrowly ruled 5 to 4 that the tenure of PCAOB members is unconstitutional, but held that “Board’s existence does not violate the separation…

NASBA Relaunches ALL Website

NASHVILLE, TN (June 21, 2010) — NASBA announces the relaunch of its Accountancy Licensing Library (ALL) website (http://www.alllibrary.com/) featuring a new section for accounting students, an enhanced state requirement comparison research tool and a fresh, new look and feel. The refreshed ALL website offers the same features and benefits as the previous site in a…

Mutual Recognition Agreement CA Ireland

May 25, 2010 The IQAB and the CAI, as parties to this document, have achieved a consensus on principles for reciprocity to be recommended to the Council of the Chartered Accountants Ireland and to the individual U.S. State Boards of Accountancy that grant, respectively, the CA and the CPA designations. To promote reciprocity this agreement…

Proposed Uniform Definition of Independence Discussion Paper

May 20, 2010 The discussion paper below is an attempt to combine two definitions of independence into one uniform definition. The IFAC states that the independence of mind is the state that permits the expression of a conclusion, while the AICPA states that it is the performance of an attest service without being affected by…

Semi-Independent State Boards of Accountancy Exposure Draft

May 20, 2010 “NASBA believes Accountancy Boards need a high level of autonomy in operational and financial matters and the authority to operate at level that is commensurate with their responsibility to act in the public interest.” It is NASBA’s belief that the facts and rationale set forth below are compelling and that semi-independent Accountancy…