Category Archives: State Board Reports

Full Issue: Spring 2022

Rubin Appointed to New PCAOB Advisory Group

SHARE: In May 2022, NASBA Past Chair Diane Rubin, CPA, was appointed to the newly formed Public Accounting Oversight Board (PCAOB) Standards and Emerging Issues Advisory Group (SEIAG). According to a recent PCAOB announcement, the SEIAG was established to advise on existing standards, proposed Diane Rubin standards, potential new standards, and emerging issues that are…

President’s Memo: Re-Thinking the Future

SHARE: If there has been a common theme to most of the conversations I have had across the country this year, it is a recognition that while change is inevitable, there has been a significant amplification (or at least an enhanced recognition) of change over the past couple of years. NASBA, like any other association…

New Definition of Public Interest Entities by IESBA

SHARE: Forget what you thought you knew about public entities and how they are defined. The International Ethics Standards Board for Accountants (IESBA) has redefined what it means to be a public entity. According to a recent article on IESBA’s website, the organization has expanded the definition of a PIE, or Public Interest Entity, along…

The Link Between COVID Relief Funds and Required Audits

SHARE: According to a recent article featured on the Pennsylvania Institute of CPAs (PICPA)’s website, organizations that received more than $750,000 in COVID relief funds could be required to have a single audit or a program audit. Subsequently, this will result in roughly 30,000 new single audits across the U.S. If you are a practitioner…

ED-Legal Resumes In-Person!

SHARE: After nearly three years of hosting virtual meetings, NASBA resumed its in-person conferences by hosting the 40th Annual Conference for Executive Directors and Board Staff and the 27th Annual Conference for Board of Accountancy Legal Counsel, April 25-27, in Clearwater Beach, FL. Held concurrently, the conferences serve as an opportunity for state board staff,…

Committee Interest Receives Record Response

SHARE: Following an extensive outreach campaign led by NASBA Vice Chair Richard Reisig, state board members, executive directors and NASBA associates responded to the committee interest response period in record numbers, exceeding the record response received in 2021. The overwhelming response is welcomed by Reisig and NASBA leaders as they work to appoint members to…

NASBA Selects 2022-23 Vice Chair Nominee

SHARE: On Tuesday, May 10, Stephanie M. Saunders, CPA (VA) was selected as the NASBA’s Nominating Committee candidate for vice chair, 2022-2023. If elected vice chair by the member Boards of Accountancy, Saunders will automatically accede to NASBA chair, 2023-2024. Saunders is a member of the NASBA Board of Directors where she serves as director-at-large,…

NASBA Awards Call for Nominations Open Through June 30

SHARE: NASBA Awards Committee Chair Laurie J. Tish (WA) and Awards Committee members invite member boards to submit nominations for NASBA’s 2022 Awards by the June 30, 2022 (11:59 pm CDT) deadline. Online nominations are currently being accepted for the following award categories: • William H. Van Rensselaer Award – Since 1988, recipients of this…

Legislative Updates: Don’t Assume – Constantly Educate and Reinforce!

SHARE: The desirability of uniformity among accountancy jurisdictions is recognized in the Uniform Accountancy Act (UAA), which has created and refined systems to provide for: mobility, peer review, continuing professional education requirements, non-CPA ownership, CPE Reciprocity and the ease for reciprocal licensure in almost all 50 states, territories, and the District of Columbia—all while protecting…