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State Board Report

September

NASBA’s 110th Annual Meeting, to be held in New York City on October 29 – November 1, will address “Shaping the Future,” with leaders in the accounting profession joining NASBA officers and directors. Updates on the Uniform CPA Examination, legislative developments and legal decisions will be important parts of the program, as will the networking opportunities for State Board members and other professionals. The keynote speaker on “The Profession’s Tomorrow” will be Catherine Engelbert, Deloitte’s Chief Executive Officer.

Other presentations will include a discussion of how the accounting profession worldwide is dealing with client’s noncompliance with laws and regulations (“NOCLAR”) as presented by Richard Fleck, Deputy Chairman of the International Ethics Standards Board for Accountants, and viewed in terms of the US legal environment by Michael R. Young, Willkie Farr & Gallagher partner. The changing technology being used in audits, the education required for effectively using that technology and how standards will need to be altered to keep pace with the technology will be covered by a panel including Roger E. O’Donnell, KPMG Global Head of Audit Data and Analytics, A. Michael Smith, PWC Partner and Internal Technology Audit Services Leader and Jeanette M. Franzel, Member of the Public Company Accounting Oversigh Board, and moderated by W. Michael Fritz, Chair of NASBA’s Regulatory Response Committee and Deloitte partner. Progress being made on the recommendations of the NASBA/AICPA Accreditation Task Force will be the focus of a presentation by Carlos E. Johnson, Task Force Co-Chair and NASBA Past Chair, and Sharon Lassar, associate dean for executive and professional programs at the University of Denver and a member of both the NASBA/AICPA task force and an AACSB task force considering related topics.

AICPA Chair Kimberly Ellison-Taylor and President Barry Melancon will also address the meeting on forthcoming professional developments and the State Boards’ part in those efforts. Adding a global perspective, signing of international professional recognition
agreements and renewals is anticipated.

John Stossel, the 19-time Emmy Award-winning journalist seen on ABC and FOX channels, will be the luncheon speaker. He will discuss individual freedom, free markets and the benefits and responsibilities of being an American. For those guests who are anxious to go touring, a New York City outing is scheduled. There will also be receptions for all to enjoy. Details of the social program can be found on www.nasba.org.

Prior to the start of the conference, the NASBA Center for the Public Trust will present a workshop on white collar crime, led by Richard G. Brody of the University of New Mexico, and offering CPE credit. Details on registration for the Annual Meeting, as well as for the workshop, can be found on www.nasba.org.