Tag Archives: AICPA

UAA Exposure Draft – Firm Name Recommendation

December 7, 2010 The AICPA/NASBA Uniform Accountancy Act (UAA) Committee has worked over the past year to consider guidelines as to what are and what are not misleading CPA firm names. The proposed changes to the Uniform Accountancy Act (UAA) and Uniform Accountancy Act Model Rules (Model Rules) in this exposure draft are the result…

BRP Big Topic at NASBA Annual

State Board Report November 2010 The AICPA/FAF/NASBA Blue Ribbon Panel (BRP) on Standard Setting for Private Companies has determined that there is a problem in U.S. GAAP being relevant and overly complex for private companies, and the Panelists have whittled down to two their possible recommended solutions to this situation. Both solutions would have standards…

Audit Fees and Engagement Discussion Paper

October 22, 2010 Monitor and evaluate the issues of the AICPA’s Professional Ethics Executive Committee (PEEC), to harmonize ethics standards of State Boards of Accountancy with other regulatory bodies, to promote the development and adoption of UAA ethics provisions uniformly among the states, and to share with state boards emerging ethics and other professional issues.…

Discussion Paper Final Uniform Independence Definition

October 22, 2010 Monitor and evaluate the issues of the AICPA’s Professional Ethics Executive Committee (PEEC), to harmonize ethics standards of State Boards of Accountancy with other regulatory bodies, to promote the development and adoption of UAA ethics provisions uniformly among the states, and to share with state boards emerging ethics and other professional issues.…

U.S. CPA Exam to be Administered Outside the U.S. for the First Time

NEW YORK, NASHVILLE and BALTIMORE (Oct. 17) — The Uniform CPA Examination will be offered outside the 55 U.S. jurisdictions for the first time in its history in 2011. The American Institute of Certified Public Accountants, National Association of State Boards of Accountancy and Prometric – the three organizations that jointly offer the CPA Examination…

BRP Continues Debate

State Board Report October 2010 While the AICPA/FAF/NASBA Blue Ribbon Panel (BRP) on Private Company Standard Setting members have agreed that more attention needs to be paid to private companies’ problems with financial reporting standards, the 18‐member body has not yet resolved how this should be accomplished. At the conclusion of the October 8, 2010…

NASBA Proposed Revisions to the UAA Exposure Draft

October 2010 The AICPA/NASBA Uniform Accountancy Act (UAA) Committee has worked over the past year to consider guidelines as to what are and what are not misleading CPA firm names. The proposed changes to the Uniform Accountancy Act (UAA) and Uniform Accountancy Act Model Rules (Model Rules) in this exposure draft are the result of…

BRP Constructing Models

State Board Report August 2010 We want to avoid differential standards, NASBA Chair Billy Atkinson told the Blue Ribbon Panel (BRP) on Standard Setting for Private Companies at their third meeting on July 19, 2010, held in Chicago. Having discussed with the NASBA Ethics and Strategic Professional Issues Committee, Regulatory Response Committee and other concerned…

Board Continues to Debate IFRS on Exam

State Board Report August 2010 The inclusion of questions about International Financial Reporting Standards on the Uniform CPA Examination beginning in January 2011 continued to draw criticism at the July NASBA Board of Directors meeting, held July 23 in Grand Teton, WY. The New York Board is adamantly opposed to such test questions being on…

New York Board Comments on IFRS and the CPA Examination 7/29/10

July 29, 2010 In a reply to the AICPA’s letter, “Interantional Financial Reporting Standards and the Uniform CPA Examination” the New York State Board of Public Accountancy does not endorse inclusion of IFRS on the Uniform CPA Examination beginning January 1, 2011, for the reasons stated in the document below. See Full Document:NY Board Letter…