Tag Archives: PCOAB

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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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…

Written on November 1, 2008 at 7:52 pm, by

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Enforcement Gets Increased Attention

State Board Report November 2008 Effective enforcement was the topic of an Annual Meeting panel session that looked at communication with the PCAOB, among the boards and with NASBA. PCAOB Director‐ Division of Enforcement Claudius Modesti told the boards, “I am open minded in thinking about coordinating our efforts.” He explained, “If there are avenues…

Written on November 1, 2008 at 3:45 pm, by

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Board’s Oversight Committees Meet

State Board Report October 2008 Tension is obvious between forces moving toward globalization of standards and the other forces developing, maintaining and enforcing US standards, Public Company Accounting Oversight Board Founding Member Bill Gradison observed in an address on September 16 at North Carolina State University. He pointed out that the current “state of play” involves…

Written on October 1, 2008 at 8:58 pm, by

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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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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…

Written on June 1, 2008 at 7:08 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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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,…

Written on October 12, 2007 at 7:46 pm, by

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IFAC & PCAOB Speakers at Annual

State Board Report September 2007 NASBA’s 100th Annual Meeting, October 28- 31, will feature an outstanding lineup of important voices in the accounting landscape. Among them will be Ian Ball, CEO of the International Federation of Accountants, Daniel Goelzer, member of the Public Company Accounting Oversight Board and Cynthia M. Fornelli, executive director of the…

Written on September 23, 2007 at 8:32 pm, by

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