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Category Archives: State Board Reports
Continuous Testing Arrives!
SHARE: Fifty-two jurisdictions completed the transition to offering continuous testing on July 1, as scheduled. Only South Carolina has to wait for a change in their statute, which could take up to a year to make its way through their next legislative session. In the other jurisdictions, candidates can now take the Uniform CPA Examination…
Communications Committee Hosts Webinar
SHARE: NASBA Communications Committee Chair Kenya Y. Watts (OH) joined her committee members in hosting a webinar entitled “Communicating During a Pandemic: A Virtual Discussion for Boards of Accountancy,” on June 17. She explained the purpose of the virtual meeting was “to discuss how and what Boards are communicating now during the pandemic.” Participants reported…
NY Says Free File Program Exploited
SHARE: The New York State Department of Financial Services (NYSDFS) has concluded its investigation into why more taxpayers making $69,000 or less have not been using the Free File Program. On July 16 NY Superintendent of Financial Services Linda A. Lacewell stated: “The Free File Program is broken and was exploited by commercial tax preparer…
Monitoring Group Redesigns Standard-Setting
SHARE: It has taken them five years, but the Monitoring Group has issued their final recommendations to advance the public interest in international audit-related standard-setting and improve audit quality. Their 27-page report “Strengthening the International Audit and Ethics Standard-Setting System” was released in July. The members of the Monitoring Group (MG) are the: Basel Committee…
Full Issue: May Q2 2020
President’s Memo: I Love NY
SHARE: In late February I landed in New York City to attend several meetings and work in our Manhattan office. When I arrived in baggage claim, I could not help but notice a large and ominous sign that read: “Health Warning – Know the Signs of Coronavirus.” While I was fully aware of the impact…
The New Normal: NASBA Communicates Early and Often to Keep Members Informed
SHARE: The COVID-19 pandemic has turned traditional methods of communication on their head. Our everyday vocabulary has been augmented to include “quarantine,” “social distancing,” “stay-at-home,” “remote work” and “virtual or Zoom meetings.” Now more than ever, individuals and entities are demanding instantaneous information to remain connected. As a result, overcommunicating (which pre-corona was taboo) is…
2020 First Virtual Regionals
SHARE: NASBA’s 2020 Western Regional Meeting will be held June 3-4 and NASBA’s 2020 Eastern Regional Meeting will be held June 10-11 — both on line. No travel to arrange, no rooms to book, no time wasted in the airport – but also no receptions, no catching up with friends and no meeting new people. …
Tacking on to COVID-19
SHARE: While State Accountancy Boards may be focused on keeping their activities running smoothly despite COVID-19 limitations, others are looking at this as a time to promote their legislative agendas. NASBA Director of Legislative and Governmental Affairs John Johnson warned NASBA’s Regional Directors on April 23 that the Heritage Foundation’s National Coronavirus Recovery Commission recommended…
Global Study of Profession Concluded
SHARE: With the retirement of Professors Gert Karreman and Hans Verkruijsse, they have concluded their research on the accounting profession, which was aided by NASBA. Their final report, entitled “A Conceptual Competency Framework for Accountants in Regulated Functions, for Accountants in Business and for Accounting Technicians” was released at the beginning of this year. It…