May 20, 2010

“NASBA believes Accountancy Boards need a high level of autonomy in operational and financial matters and the authority to operate at level that is commensurate with their responsibility to act in the public interest.” It is NASBA’s belief that the facts and rationale set forth below are compelling and that semi-independent Accountancy Boards are essential for the protection of the public in all states and territories of the U.S. Accordingly, if a state’s Accountancy Board does not have the financial and operational independence described below, NASBA urges the state administrations and legislatures to embrace and advocate the concept of a semi-independent and self-supporting Accountancy Board and the enactment of legislation to provide operational and financial independence.

See Full Document:
Semi-Independent State Boards of Accountancy Exposure Draft

Related News