Tag Archives: State Board Report

Allen Sees Boards Under Attack

State Board Report July 2011 The way the State Boards are regulating accountancy is under attack from three fronts, NASBA Legal Counsel Noel Allen told the Regional Meetings. First there have been over a dozen cases this year where the respondent to a Board’s action has challenged the Board’s authority. Second, there have been legislative…

Written on August 22, 2011 at 10:59 am, by

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Is Another Standard Setter Needed?

State Board Report July 2011 While many have conceded that private company issues have festered in the background of the Financial Accounting Standards Board’s policymaking, how this should be changed was debated at NASBA’s Regional Meetings. Billy Atkinson (TX), NASBA Past Chair and a member of the FAF/AICPA/NASBA Blue Ribbon Panel on Private Company Standard…

Written on August 22, 2011 at 10:52 am, by

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Nominating Committee Announces Slate

State Board Report July 2011 On June 24, 2011 the NASBA Nominating Committee met in Point Clear, AL, and selected the following individuals as their nominees for Directors-at-Large, Regional Directors and Nominating Committee, as reported by Nominating Committee Chair, Billy M. Atkinson (TX): Directors-at-Large (three-year terms) Richard Isserman (Delegate – NY)Kenneth R. Odom (Delegate –…

Written on August 22, 2011 at 10:49 am, by

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Regionals Spotlight Ethics

State Board Report July 2011 Professional ethics issues currently being deliberated, the ongoing codification of existing ethics standards and what is meant by the public interest, standard setting for private companies, changes in the Uniform Accountancy Act and Model Rules were all topics presented at the 2011 Regional Meetings, held June 8-10 in Omaha, NE,…

Written on August 22, 2011 at 10:47 am, by

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TX Board Alerts SEC Chair

State Board Report July 2011 The Texas Board of Public Accountancy has continued its investigation into non-U.S. accountancy firms working in Texas in violation of the Texas Public Accountancy Act and has informed SEC Chairman Mary L. Schapiro and PCAOB Chairman James R. Doty of its findings. As of July 7, the Texas Board had…

Written on August 22, 2011 at 10:40 am, by

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Boards Urged to Seek Independence

State Board Report July 2011 Boards can be more effective if they are independent, State Board Relevance and Effectiveness Committee Chair Bucky Glover (NC) told breakout session participants at the Eastern Regional. “Our Committee is here not to move you to complete independence, but to help you with moving toward independence,” he explained. “Independence” for…

Written on August 22, 2011 at 10:37 am, by

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International Exam Registration Successful

State Board Report July 2011 On May 2, 2011, within 60 seconds of the launch of the international examination application process allowing CPA Examination candidates to test outside the United States, the first candidate registered to take the Uniform CPA Examination in Tokyo, NASBA Executive Vice President and COO Ken Bishop announced at the Regional…

Written on August 22, 2011 at 10:35 am, by

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Hansen Addresses SEC Roundtable

State Board Report July 2011 GAAP is integral to the State Boards’ complaint-based enforcement system, the yardstick for enforcement, NASBA Director-at-Large Gaylen Hansen reminded the Securities and Exchange Commission’s July 7, 2011 roundtable discussion on the potential impact of U.S. adoption of International Financial Reporting Standards. The more sets of standards there are, the more…

Written on August 22, 2011 at 10:32 am, by

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UAA Firm Name Exposure Draft Released

State Board Report December 2010 All interested parties are invited to comment on the latest exposure draft on the changes to the Uniform Accountancy Act and its Model Rules concerning CPA firm names. The joint AICPA/NASBA changes were approved for distribution by the NASBA Board of Directors in October and by the AICPA Board of…

Written on December 5, 2010 at 5:46 pm, by

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Consultant’s Report Backs Washington Board

State Board Report December 2010 An analysis to evaluate the effectiveness, economy and accountability of merging the Washington State Board of Accountancy into the Washington State Department of Licensing found such a merger would “result in a significant decrease in the accountability of the Board to the public and the profession” with “little or no…

Written on December 2, 2010 at 5:51 pm, by

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