NASBA Leaders Meet with PCAOB

State Board Report

June 2016

Public Company Accounting Oversight Board Chair James Doty and PCAOB Members Lew Ferguson, Jeanette Franzel and Steve Harris met with NASBA Chair Donald Burkett, Vice Chair Telford Lodden, President and CEO Ken Bishop, Executive Vice President and COO Colleen Conrad and Vice President – Information and Research Louise Dratler Haberman on May 17, 2016, in Washington, D.C., for an annual summary of the work both organizations are engaged in presently. Topics of mutual interest were discussed including the PCAOB’s inspections, peer review oversight, international recognition of professionals, the Accountancy Licensee Database, the profession’s innovative use of data, changes in the Uniform Accountancy Act, and sharing of information among regulators.

NASBA and PCAOB staff have met during the year to discuss ways to better share information between the Boards and the PCAOB. PCAOB Director of Enforcement Claudius B. Modesti remarked during the May 17 meeting that these staff-to-staff meetings have been helpful in working towards bringing the PCAOB’s sanction data to the State Boards.