Tag Archives: NOCLAR

NOCLAR Exposure Draft: NASBA Wants to Hear from Boards 

SHARE: Earlier this year, the latest efforts to address the ethical dilemma of NOCLAR (non-compliance with laws and regulations) were launched. Public discussion was encouraged regarding Communication with Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations.  According to Daniel J. Dustin, NASBA Vice President, State Board Relations, NASBA’s Ethics Committee met in March to discuss the latest NOCLAR exposure draft issued by the AICPA’s Professional…

NOCLAR Exposure Drafts in February

SHARE: On January 14, 2021, the latest round in the profession’s ongoing attempt to deal with NOCLAR (non-compliance with laws and regulations) began, with the AICPA’s Auditing Standards Board’s (ASB) vote to expose for public comment a proposed Statement on Auditing Standards (SAS) on “Communication with Predecessor Auditor Regarding Fraud and Noncompliance with Laws and…

PCAOB Agendas Questioned

SHARE: Is the Public Company Accounting Oversight Board studying the right issues? PCAOB Member J. Robert Brown, Jr., has challenged the Board’s updated research and standard-setting agendas that were released in September. While the PCAOB added auditor independence to their standard-setting agenda and an audit evidence project to their research agenda, they dropped going concern…

NASBA BOD Opposes Staff Augmentation

SHARE: The NASBA Board of Directors at their January 17 meeting reaffirmed their opposition to allowing a CPA firm’s staff to provide non-attest services to an attest client while under the client’s supervision as it compromises the firm’s independence. This practice, termed “staff augmentation” in an interpretation of ET 1.200.001 under consideration by the AICPA’s…

Joint NOCLAR Task Force Meets

SHARE: How best to address noncompliance with laws and regulations (NOCLAR) by clients was addressed in the first meeting of a joint task force of the AICPA/NASBA Uniform Accountancy Committee and the AICPA Professional Ethics Executive Committee on July 30-31 in Washington, DC. The task force was formed as recommended by the AICPA/NASBA summit leadership…

NOCLAR Task Force Named

SHARE: A new task force has been formed to align the efforts of the AICPA/NASBA Uniform Accountancy Act Committee and the AICPA Professional Ethics Executive Committee as they work to understand how best to address clients’ noncompliance with laws and regulations (NOCLAR). The members are: Coalter Baker -Co-Chair, Robert Denham -Co-Chair, Carlos Barrera, Anna Durst,…

ECI Finds More Pressure to Compromise

SHARE: How employees view the prevailing ethical culture within organizations is the focus of a March report from the Ethics & Compliance Initiative (ECI). The report, funded by Deloitte, KPMG, PWC, the Center for Audit Quality and several large corporations, states that while 47 percent of the employees interviewed reported they had observed corporate misconduct,…

Podcast: Are you ready for NOCLAR?

Posted: January 10, 2018

NOCLAR Highlight of CPT/Baruch Conference

SHARE: State Board Report December The global conversation about how accountants should respond to their clients’ non-compliance with laws and regulations (NOCLAR) was continued at Baruch College’s 12th Annual Audit Conference: Ensuring Integrity, co-sponsored by the NASBA Center for the Public Trust, on November 28 in New York City. Kim Gibson, head of independence for…

NOCLAR for Corporate Governance

SHARE: State Board Report November Why did the International Ethics Standards Board for Accountants (IESBA) feel they had to change the long-standing rule on how accountants are to respond to a client’s noncompliance with laws and regulations (NOCLAR)? IESBA Deputy Chair Richard Fleck explained to the NASBA Annual Meeting audience: “There was growing concern about…