State Board Report

March 2010

NASBA Chair Billy M. Atkinson and President David A. Costello signed an extension of the computer?based testing (CBT) agreement for the Uniform CPA Examination on March 4 with AICPA Chairman Robert Harris, AICPA President Barry Melancon and Prometric representatives. The new agreement extends the AICPA’s development of the Examination through 2024, and Prometric’s delivery of it through 2014 (when the initial agreement terminates) with reassessment beginning in 2012 for the first of two potential five?year extensions. Senior Vice President Ken Bishop mapped out the terms of this agreement at the NASBA Board of Director’s January meeting, at which time approval for the signing was given by the Board (see sbr 2/10).

The agreement culminates several months of careful negotiations during which time the member Boards’ comments on the CBT agreement were addressed and compliance with the previous agreement reviewed. An agreement between NASBA and the AICPA on the international administration of the Uniform CPA Examination is anticipated to be completed shortly. Both agreements will be discussed at upcoming NASBA conferences.

“NASBA is pleased to participate in an agreement that provides further confidence in the marketplace as to the quality of the examination’s content, delivery and administration,” President Costello stated on March 4.

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