State Board Report

November 2011

During the Annual Business Meeting, David A. Costello summarized the achievements of his 17 years as NASBA President and Chief Executive Officer. “I love dreaming because it is common to all of us,” Mr. Costello reflected. “I believe dreaming and success are closely related. I believe if you dream it, and believe it, you can live it.” Among the initiatives he mentioned were:

  • Working with professional associations to serve the public interest, as in the mobility project
  • Strengthening relationships with the Public Company Accounting Oversight Board, Financial Accounting Foundation and Financial Accounting Standards Board
  • Creating mutual recognition agreements with international accounting bodies
  • Computerization of the Uniform CPA Examination
  • International delivery of the Uniform CPA Examination
  • Creation, development and sale of Profession Credential Services
  • Creation of the NASBA Center for the Public Trust
  • NASBA’s reaching Mr. Costello’s goal of at least $25,000,000 in unrestricted assets
  • Programs to assist NASBA staff
  • Finding a worthy successor to be NASBA’s next President and CEO.

Referring to the Annual Meeting’s theme, “Ad Astra,” President Costello said: “When you reach for the stars, you may not get all of them – but you won’t come up with a hand of mud.”

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