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State Board Report

November

NASBA Uniform Accountancy Act Chair J. Coalter Baker (TX) thanked the State Boards for responding to the exposure draft of language that would have amended the UAA to permit the use of management accounting titles. “We asked you to educate yourself on your current law, to prepare a thoughtful response, and to provide any other commentary that would be helpful to our process – and you did,” Mr. Baker said.

Based on the responses received, the AICPA/NASBA UAA Committee concluded that there should be no addition of the proposed language to the UAA. Mr. Baker said the UAA Committee will not revisit the issue.

Should Boards want to adopt such language, NASBA would be willing to help them work on it so that there would not be many varying versions, Mr. Baker advised. Similarly, NASBA would assist Boards that decide to oppose such language should it be introduced in their jurisdictions.