Category Archives: State Board Reports
President’s Memo: New Beginnings
SHARE: You may have noticed that the title of this Memo, “New Beginnings,” continues use of last year’s Annual Meeting theme in New York City. At the time of our meeting, in early November, impending changes and transitions were discussed through the lens of looking to the future. Now, most of the discussed elements of…
National CEO Search in Motion
SHARE: Over 160 applications were received by the NASBA Selection Advisory Committee (“SAC”) in response to the Committee’s national search for NASBA’s next president and chief executive officer. The SAC was formed, and a national search was launched, following Ken Bishop’s announcement of plans to retire from his role in July 2024. The 11-member Committee,…
NASBA Tests CPA Evolution Ecosystem
SHARE: As part of completing the CPA Evolution user acceptance testing, NASBA recently partnered with the Tennessee School for the Blind in an effort to confirm that the new system was web accessible. The Tennessee School for the Blind volunteered visually-impaired or legally blind high school students to participate in this effort. When NASBA reached…
NASBA CPE Audit Service Reaches 15
SHARE: In December 2023, NASBA’s CPE Audit Service onboarded its 15th state board, the South Carolina Board of Accountancy. The Audit Service offers a platform designed to assist Boards of Accountancy with conducting periodic audits for compliance with continuing professional education requirements. The service also allows CPAs to report CPE hours and documentation, electronically, to…
DOL Audit Report Signals Deficiencies
SHARE: According to a recent report published by the U.S. Department of Labor (DOL), there are significant deficiencies in audits pertaining to employee benefits plans. In fact, a recent Accounting Today article points out that the report showed major deficiencies were found in nearly 30 percent of benefit plan audits – actually signaling improvement in…
CPA Evolution is Here!
SHARE: As skills and competencies change in the accounting profession, the CPA Evolution initiative — a joint effort between NASBA and the AICPA — aimed to transform the CPA licensure model alongside these changes. After reviewing feedback from stakeholders, NASBA and the AICPA decided to introduce new disciplines to the Uniform CPA Exam. Under the initiative,…
Countdown to Grant Proposal Deadline
SHARE: Professors and post-doctoral researchers have until 11:59 P.M. CT on Friday, March 8, 2024, to submit proposals in consideration for NASBA’s Accounting Education Research Grant funding. The program, spearheaded by the NASBA Education Committee, seeks to advance research on educational issues impacting certified public accountants (CPAs), the public accounting profession and state boards’ charge…
Board Approves UAA Model Rules Amendments
SHARE: On January 9, 2024, NASBA’s Uniform Accountancy Act (UAA) Committee met to discuss public comments received from a recent 60-day comment period regarding proposed changes to the UAA Model Rules. Following that discussion, Committee members voted unanimously to recommend adoption of the proposed amendments and present them to the NASBA Board of Directors for…
Full Issue: Fall 2023
UAA Committee Seeks Comments on Model Rules
SHARE: Board of Accountancy representatives and other interested parties are invited to comment on proposed revisions to the Uniform Accountancy Act (UAA) Model Rules pertaining to peer review, by January 2, 2024. Developed by the NASBA Peer Review Compliance Committee (PRCC) and AICPA’s peer review staff, the proposed revisions were reviewed and edited by the…