Tag Archives: ACAP

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…

Atkinson to Address Educators

State Board Report December 2008 Should a candidate be able to take the Uniform CPA Examination when he or she has 120 hours of education and then wait until 150 hours are obtained to be licensed? NASBA’s study of that question will be discussed by NASBA Vice Chair Billy Atkinson at the February 8, 2009 meeting…

Nicolaisen Calls for Federally Chartered Firms

State Board Report November 2008 As NASBA’s Annual Meeting keynote speaker Donald T. Nicolaisen highlighted the some of the final 31 recommendations of the US Treasury Department’s Advisory Committee on the Auditing Profession (ACAP) (see sbr 10/08), he surprised many in the audience with his call for “Federally Chartered Audit Firms.” He pointed out the…

ACAP Final Report Approved

State Board Report October 2008 Though the banking turmoil kept him from staying on the September 26 conference call, US Treasury Secretary Henry Paulson quickly told the Advisory Committee on the Auditing Profession (ACAP) that the accounting profession is “critical to our capital markets” and expressed his gratitude for the time and effort the ACAP members…

ACAP Releases Recommendations Addendum

June 2008 The Firm Structure and Finances Subcommittee of the Treasury Department’s Advisory Committee on the Auditing Profession (ACAP) has provided a new recommendation and discussion on standard setting, engagement partner signatures, transparency and litigation in the addendum to the Treasury Department’s Advisory Committee on the Auditing Profession (ACAP). Their “Addendum to VI. Firm Structure…

NASBA’s Hansen Picked for ACAP

State Board Report October 2007 NASBA Mountain Regional Director Gaylen Hansen (CO) has been appointed to Treasury Secretary Henry Paulson’s Advisory Committee on the Auditing Profession (ACAP), which will hold its initial meeting on October 15, 2007. The purpose of the new group is to study and make recommendations on the overall structure, liability limitations,…