Category Archives: State Board Reports
AZ Recognizes Other States’ Licensees
SHARE: Arizona has become the first state to automatically grant occupational licenses to its residents who hold similar licenses in good standing from other states for at least a year. However, those with a criminal record can be disqualified and instant reciprocity is not granted for those occupations requiring a security clearance. The legislation, HB…
CMA Report on UK Audit Released
SHARE: In its April final report on the “statutory audit services market,” the United Kingdom’s Competition & Markets Authority (CMA) offers four main recommendations, plus a few others for the new regulator to consider. These come a month after UK Business Secretary Greg Clark announced the Financial Reporting Council (FRC), which oversees the accounting profession,…
Full Issue: April 2019
President’s Memo: Elusive Word
SHARE: Last month in my President’s Memo, entitled “Substantial vs. Radical,” I discussed the challenge of finding the appropriate words to describe the degree of change needed to prepare the CPA profession for the future. I was surprised and delighted by the number of responses I received and, more importantly, by the comments and suggestions…
Executive Directors and Societies Meet
SHARE: NASBA’s 37th Annual Conference for Executive Directors and State Board Staff, March 26-28 in San Antonio, TX, once again brought together the Boards’ top administrative staff with the chief executives of the State CPA Societies. Information was shared about many topics of common interest including the administration of the Uniform CPA Examination, significant legislation…
Anticipating CPA Evolution
SHARE: Guiding principles for moving ahead in visioning the profession of the future are under refinement by a team led by NASBA Vice Chair Laurie Tish and AICPA Vice Chair William Reeb, the executive directors heard. At the 2018 NASBA Regional Meetings, the concept of two pathways leading to the CPA was not well received;…
Getting Ready for 2019 Practice Analysis
SHARE: “We are gearing up with the AICPA to start the next practice analysis and we are asking for the Boards’ permission to use Accountancy Licensee Database information to gather the pool of newly licensed CPAs to participate in the surveys and focus groups,” Ed Barnicott, NASBA Vice President – Strategic Planning and Program Management,…
Time to Sign Up for Committees
SHARE: State Board members, State Board executive directors and NASBA associates the time is now to tell NASBA if you are interested in serving on a 2019-2020 NASBA Committee. Though the 2018-2019 NASBA committee members still have plenty to do before their assignments expire, planning for the 2019-2020 NASBA year by Vice Chair Laurie Tish…
Investment in Testing Centers Continues
SHARE: Prometric, the testing center provider for the Uniform CPA Examination, is continually investing in technology and software, Kimberly Farace, Prometric Director of Global Account Management, assured the executive directors at their conference. The company invested over $23 million last year and now has a running distributed data center. This year they are upgrading their…
9 States Use CPT Course
SHARE: The Kansas Board of Accountancy has become the first Board to work with the NASBA Center for the Public Trust to add to the CPT’s three-module Ethical Leadership Training Resource Program a fourth module, covering its state’s law and rules. It has been three years since the Missouri State Board of Accountancy began talking…