Tag Archives: IFAC

NASBA Becomes IFAC Affiliate

State Board Report December 2009 After years of discomfort with its membership status in the International Federation of Accountants, in November NASBA was given “affiliate” status by the IFAC Council. As an affiliate, NASBA is released from membership obligations, which include having its members support the policies, standards and programs of IFAC. As NASBA is…

Written on December 17, 2009 at 9:06 pm, by

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Costello Addresses IFAC G20 Conference

State Board Report August 2009 The International Federation of Accountants’ “G20 Accountancy Summit,” held July 23‐24 in London, resulted in a call for the G20 nations to adopt and implement common global standards in accounting and auditing and for auditor independence. Nearly 40 accountancy institutions and organizational partners from 17 of the G20 countries attended the…

Written on August 9, 2009 at 1:25 pm, by

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Board Hears Plan for CPA Exam Abroad

State Board ReportMay 2009 NASBA’s Board of Directors received the business plan for the international administration of the CPA Examination at their April 24 meeting in Isles of Palms, SC. The plan will be presented at NASBA’s Regional Meetings and there discussed by panelists from the project’s joint NASBA/AICPA task force, including NASBA Past Chair…

Written on May 5, 2009 at 8:43 pm, by

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AICPA and IFAC Codes: Significant Differences

April 2009 IFAC — Professional accountants are required to apply the conceptual framework to comply with the fundamental principles of the IFAC Code. AICPA — AICPA members are required to comply with rules, not the principles, of the Code. Therefore, based on the current structure of the AICPA Code, principles may not be enforced. Certain principles…

Written on April 5, 2009 at 1:29 pm, by

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Categories: AICPA
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Olson & Bunting Kickoff Forum

State Board Report November 2008 Mark Olson, chairman of the Public Company Accounting Oversight Board, and Robert Bunting, deputy chairman of the International Federation of Accountants, were the first speakers to address a joint session of the International Accounting Regulators Forum and the NASBA Annual Meeting. Chairman Olson discussed how the PCAOB is relying on…

Written on November 12, 2008 at 8:06 pm, by

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2008 Annual Meeting, Bob Bunting, Role of State Regulators in Global Standards Setting

October 29, 2008 Obstacles to Common Standard and Uniform Quality: Competition Sovereignty and national pride Champion Industries Politics Cost and inconvenience Representation Implementation Leading to a lack of collaboration… and yet… See Full Presentation:Role of State Regulators

Written on October 29, 2008 at 8:01 pm, by

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FEE Survey on the Network Firm Definitions Across Europe

October 2008 As the Statutory Audit Directive network definition and IFAC network firm definition have to be implemented in European Union Member States and by IFAC Member Bodies, FEE undertook to investigate how consistent definitions of networks and network firms currently are across Europe. FEE has therefore launched a second survey with its Member Bodies…

Written on October 1, 2008 at 5:09 pm, by

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Categories: Firm Name Information, Uncategorized
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Attend the International Forum

State Board Report September 2008 There is still time to register for the Forum of International Accountancy Regulators, to be held October 28‐30 at the Westin Copley Place in Boston, dovetailing with NASBA’s 101st Annual Meeting. Regulators, professionals, academics, all are welcome to attend this conference focusing on common concerns of accounting regulators around the world.…

Written on September 2, 2008 at 1:26 pm, by

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100th Annual Draws Record Crowd

State Board Report November 2007 More than 600 people participated in NASBA’s 100th Annual Meeting in Maui, HI, on October 28- 31, 2007. Congratulations on reaching this historic event were given to NASBA by representatives from various organizations, including the AICPA, IFAC, PCAOB and the major accounting firms. Even President George W. Bush sent a…

Written on November 11, 2007 at 2:43 pm, by

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Ball, Goelzer, Conaway & Cotterell Think Globally

State Board Report November 2007 The need to internationalize credentials is growing, International Federation of Accountants (IFAC) Chief Executive Officer Ian Ball told the “Thinking Globally” panel at the Annual Meeting. “The pace of internationalization of the accounting profession is building all the time,” he observed. IFAC, which has member bodies that represent 2.5 million…

Written on November 1, 2007 at 8:17 pm, by

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