Tag Archives: Committee

Advisory Committee on the Auditing Profession Co-Chairs Statement

The Advisory Committee on the Auditing Profession, appointed by the U.S. Treasury Secretary Henry M. Paulson, Jr., was asked to examine comprehensively the condition and future of the auditing profession, with emphasis on the sustainability of a strong and vibrant profession. In conducting its work, the Committee recognized that the prospects for the auditing profession…

Written on April 6, 2011 at 9:26 pm, by

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Categories: Exposure Drafts & Discussion Papers
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Consultant’s Report Backs Washington Board

State Board Report December 2010 An analysis to evaluate the effectiveness, economy and accountability of merging the Washington State Board of Accountancy into the Washington State Department of Licensing found such a merger would “result in a significant decrease in the accountability of the Board to the public and the profession” with “little or no…

Written on December 2, 2010 at 5:51 pm, by

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Committees Ask Boards for Input

State Board Report July 2010 State Boards were asked to begin studying several proposals unveiled at the 2010 NASBA Regional Meetings, held June 9‐11 in Charleston, SC, and June 23‐25 in Seattle, WA, and to send their comments to the committees that initiated those proposals. The State Board Relevance and Effectiveness Committee, led by Carlos…

Written on July 24, 2010 at 6:58 pm, by

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Boards Urged to Oversee Peer Review

State Board Report July 2010 The Boards “may have dropped the ball in making sure the peer review process is working properly,” NASBA Compliance Assurance Committee Chair Kenneth R. Odom (AL) told the Eastern Regional Meeting. At the Western Regional Meeting, Committee member Edwin G. Jolicouer (WA) noted, “There is no outside independent oversight of…

Written on July 18, 2010 at 7:54 pm, by

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Panel Begins Standards Discussion

State Board Report May 2010 The need for private company accounting standards has been an issue for many years, Financial Accounting Foundation (FAF) President Teresa Polley observed as the AICPA/FAF/NASBA Blue Ribbon Panel on Standard Setting for Private Companies (BRP) kicked off their discussions on April 12 in New York City. “A confluence of events,”…

Written on May 22, 2010 at 7:59 pm, by

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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…

Written on May 20, 2010 at 3:41 pm, by

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Nominating Committee Names Harris

State Board Report April 2010 Mark Phillips Harris, CPA, was selected by NASBA’s Nominating Committee on March 8, as their candidate for NASBA Vice Chair 2010‐2011, a position from which he would automatically accede to Chair in 2011‐2012. For 13 years Mr. Harris has been a member of the State Board of Certified Public Accountants…

Written on April 21, 2010 at 8:10 pm, by

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Blue Ribbon Panel to Meet April 12

State Board Report April 2010 The two discussion papers developed by the NASBA Ethics and Strategic Professional Issues Committee have been posted on www.nasba.org : “Audit Fees and Engagement Profitability: A Threats and Safeguards Approach to Strengthen Compliance with Standards of Ethical Behavior” and “Proposed Uniform Definition of Independence.” The NASBA Board of Directors approved…

Written on April 18, 2010 at 8:09 pm, by

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Lawyers Say International Names a Challenge

State Board Report December 2009 “The law is catching up with what the public is saying with the use of firm names,” James J. Sabella, Esq., said during a fast‐paced panel session at the Baruch/CPT conference, moderated by Baruch Professor Douglas Carmichael. “If you are going to say to investors that you are one firm…

Written on December 10, 2009 at 9:08 pm, by

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ARSC Panel Exchanges Views

State Board Report November 2009 How independent does a CPA need to be to issue a review report? Rick Isserman (NY), chair of the NASBA Regulatory Response Committee moderated an Annual Meeting panel, including Sheila Birch (OH), Gerald Burns (OR), Thomas Sadler (WA) and Ray Stephens (OH), discussing this question as raised by a recent…

Written on November 13, 2009 at 9:11 pm, by

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