SHARE:  As private equity investment in CPA firms continues to grow, State Boards of Accountancy are facing new and complex regulatory questions. In response, NASBA Chair Maria Caldwell (FL) has appointed a Private Equity Task Force to evaluate the implications of this trend and identify ways to support state boards in their oversight responsibilities. The Task Force will explore how private equity ownership may impact the public interest, firm independence, governance structures and audit quality. It will also assess existing regulatory frameworks and identify gaps where additional guidance or resources may be needed. An update on the group’s progress will be shared with the regulatory community throughout the process. NASBA Board of Directors’ member, Dan Vuckovich (MT) has been appointed as chair. Other Task Force members include Barry Berkowitz (PA), Boyd Busby (AL), Dominic Franzella (CA), David Nance (NC), Steve Platau (FL) and Melissa Ruff (NE). For more information or to share input with the Task Force, please contact [email protected]. |
