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State Board Report

November 2015

It has taken a couple of years of discussion, but the AICPA/NASBA Uniform Accountancy Act Committee has developed changes to the UAA and Model Rules that the Committee hopes will allow CPAs over 55 to qualify for a retired/inactive status recognized throughout the country. On October 23 the NASBA Board approved a 90-day comment period on the proposal as presented by UAA Committee Chair J. Coalter Baker (TX), and approved for exposure by the AICPA Board of Directors a week earlier.

"The way the current UAA is written, Joe the plumber could serve in the IRS Volunteer Income Tax Assistance program, but an experienced CPA-inactive could not. Is that benefitting the public?" UAA Chair Baker asked. "The exposed changes would allow for those who are at least 55 years of age to serve without compensation on some government-sponsored programs and non-profit boards, and to affirm to State Boards that they understand the limitations on what services they can offer. We’ve been talking about this for years, but now with the Baby Boomers retiring from practice, it’s time to get the states handling retirees in a uniform fashion that does not threaten interstate mobility."

The UAA exposure draft can be found here. All comments are due by February 2, 2016.

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