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Category Archives: State Board Reports
Full Issue: Fall 2020
464 at 1st Virtual Annual Meeting
SHARE: NASBA’s 2020 Annual Meeting, November 2-4, had record attendance thanks to its virtual format: There were 464 registrants, and representatives of 54 of the 55 Boards of Accountancy, in attendance. Asked if NASBA would continue to hold virtual Annual Meetings at no cost to registrants, even when travel restrictions are gone, President and CEO…
Education Rules Amended
SHARE: Eager to get the Uniform Accountancy Act’s new Model Rules 5-1 and 5-2 out to the member Boards as quickly as possible, the NASBA Board of Directors held a special meeting on October 13 and unanimously approved the rules as proposed by the NASBA Uniform Accountancy Act Committee. The rules had been developed by…
CPA Evolution and Educators
SHARE: The part education will play in the CPA Evolution initiative was addressed by several speakers at NASBA’s Annual Meeting on November 2. “We are cognizant of providing resources for smaller colleges to move down this path,” NASBA Chair Laurie Tish told Boards as she outlined the steps being taken to bring information to educators…
NASBA Responses
SHARE: Over this past quarter, Chair Laurie J. Tish and President and CEO Ken L. Bishop responded for NASBA to the following exposure drafts: AICPA Professional Ethics Executive Committee: Proposed Revised Interpretation – Records Requests International Auditing and Assurance Standards Board – Proposed ISA 600 (Revised) – Special Considerations – Audits of Group Financial Statements…
President’s Memo: The New Normal
SHARE: This morning, while stopped at a red light, I noticed a young mother trailed by two very small children walking down the sidewalk. Each was wearing a mask and, while they were close together, they were noticeably distancing themselves from other walkers. It occurred to me that the COVID-19 precautions that we are taking…
Evolution’s Impact on Minority Students
SHARE: Dr. Kevin James was asked to consider what the CPA Evolution will mean to minority students, as part of the Annual Meeting’s panel session moderated by Education Committee Chair Stephanie Saunders (VA). Dr. James, who is Dean of the Deese College of Business at North Carolina Agricultural and Technical State University, detailed some of…
COVID and Professional Challenges
SHARE: Annual Meeting attendees were asked what ethical challenges they could foresee in potential practice situations mapped out by Ethics Committee Chair Catherine Allen (NY) and then discussed by panelists W. Michael Fritz, Tom Neill and Kevin Richards. “We have situations where auditors are performing audits remotely and sharing information through unsecured networks,” Mr. Fritz…
Encouraging More Black CPAs
SHARE: Less than 1 percent of the CPAs in the United States are black — and that has not changed in 40 years, Shannon Nash, Chair of the National Society of Black CPAs (NSBCPA), pointed out to the NASBA Annual Meeting. “If we do not do something now, then when?” she asked. The new organization…
Chair’s Memo: Resilience and Collaboration
SHARE: When I think of 2020 and my year as chair of NASBA, two words come to mind – “Resilience” and “Collaboration”. Actually three words come to mind, but “Zoom” is part of 2020 that I would prefer to forget. Resilience because we prevailed. It is no coincidence that Resilience was the theme of our…