Tag Archives: Regulatory Response Committee

Regional Directors to Vet Responses

State Board Report February 2012 NASBA’s Regional Directors have agreed to take on the additional responsibility of vetting exposure draft responses and comments submitted on behalf of the association. Under the new procedure (see “Memo” on page 3), the Regional Directors will be evaluating letters produced by the Regulatory Response Committee and other expert committees…

Letter of Comment to the AICPA’s Proposed Interpretation of Rule 501-8 1/15/08

January 15, 2008 NASBA comments to the Members of the Professional Ethics Executive Committee about the “Proposal of Professional Ethics Division, Proposed Interpretation 501-8 Under Rule 501: Failure to follow requirements of governmental bodies, commissions, or other regulatory agencies on indemnification and limitation of liability agreements with a client.” The proposal affects members that agree…

Letter of Comment on PCAOB Rule 3526/3523 8/27/07

August 27, 2007 NASBA’s comments to the Public Company Accounting Oversight Board (Board) on the Proposed Ethics and Independence Rule 3526, Communicating with Audit Committees Concerning Independence, Proposed Amendment to Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles and Implementation Schedule for Rule 3523 (Proposal). The National Association of State Boards of…

IESBA Letter of Comment 4/12/07

April 12, 2007 This document contains a letter of comment from NASBA to the International Ethics Standards Board for Accountants of the International Federation of Accountants in response to Exposure Draft Section 290 of the Code of Ethics Independence-Audit and Review Engagements. All U.S. Certified Public Accountants (“CPAs”) are licensed and regulated by State Boards…

Letter from NASBA to FASB 1/24/06

January 24, 2006 At the last annual meeting of the National Association of State Boards of Accountancy (NASBA), a panel discussed the subject of who should be the standard setter for private company generally accepted accounting principles. One of the panelists was Edward Trott, a member of the Financial Accounting Standards Board (FASB). The panel…