Tag Archives: Discussion Paper

2009 Regional – Is the Uniform Certified Public Accounting Exam Uniform?

This paper examines the state, district, and territorial boards of accountancy educational requirements to sit for the Uniform Certified Public Accounting (CPA) Exam. This study undertakes an examination of general education, accounting and business related courses, at both the bachelor and graduate level, required by the various accountancy boards to sit for the exam. The…

Discussion Papers from the Ethics & Strategic Professional Issues Committee

December 7, 2010 The following Discussion Papers are from the Ethics & Strategic Professional Issues Committee regarding the Audit Fees and Engagement Discussion and the Uniform Independence Definition Discussion. These papers monitor and evaluate the issues of the AICPA’s Professional Ethics Executive Committee (PEEC), to harmonize ethics standards of State Boards of Accountancy with other regulatory…

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…

Ethics and Strategic Issues Discussion

The following discussion explores threats to independence, integrity and objectivity, due professional care, compliance with professional standards and available safeguards to ensure appropriate ethical conduct. Many of the safeguards represent activities auditors routinely apply. Nevertheless, the Committee concluded that existing professional standards do not sufficiently address the issues raised. From a public protection standpoint our…

Discussion Paper: Impact of Internationalization on Boards of Accountancy

June 2008 EXECUTIVE SUMMARY Assessment of Acceptable International Private-Sector Standard Setters – NASBA and boards of accounting may wish to independently perform their own assessment to conclude as to the acceptability of the IASB. Dual Reporting Systems for Both Public and Private Entities – While true internationalization may be a few years away, it is…