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State Board Report

November 2013

The theme of NASBA’s 2013 Annual Meeting was “Driven.” President and CEO Ken L. Bishop explained the theme was selected because, “Every employee supports NASBA’s mission: they are driven. Under Gaylen Hansen’s leadership, resolve, unwavering support for NASBA, which was always tempered with a sense of fair play, NASBA has been driven.” The future of NASBA looks bright as the Uniform CPA Examination pipeline is full, he told the Annual Business Meeting attendees. In two years there has been a 29 percent increase in NASBA’s mission direct spending to the states, and still the association is close to having one year’s operational costs in reserve, President Bishop remarked.

“We need to have trusting relationships, which do not happen overnight,” Mr. Bishop stated. He thanked Chair Gaylen Hansen and Executive Vice President Colleen Conrad for their efforts in relationship building for NASBA. Recently NASBA leaders met with representatives of the Instituto Mexicano de Contadores Publicos. A trusting relationship has also been developed with the Canadian profession. “We have to look at what the world will be like in ten years. We have to think about the North American accountant,” he told the State Boards.

Considering the two recent UAA exposure drafts, President Bishop said that NASBA is very supportive of the revised definition of “attest” because it is a matter of public protection: If the AICPA’s language is being used, then that report should be issued by a CPA. Firm mobility has been talked about since 2004, he recalled, but back then not as many states required peer review. “NASBA is not going to go around and try to convince states to adopt firm mobility. As AICPA President Barry Melancon said, ‘We are going to approach firm mobility surgically.’ If your state wants us, we will be there to help you pass firm mobility.”

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