Category Archives: State Board Reports
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…
Professional Licensure Task Force Established
SHARE: During her inaugural address at NASBA’s 116th Annual Meeting, Chair Stephanie Saunders announced the formation of a Professional Licensure Task Force. The task force’s charge is to consider new concepts for CPA licensure that may be included in the UAA to update the current licensure model. Representatives from key stakeholder groups including the NASBA…
Past Chair Memo: The Infinite Game Spirit!
SHARE: As mentioned during my “Year in Review” comments at NASBA’s 116th Annual Meeting, the end of my year as NASBA chair certainly comes with mixed emotions. Without question, I will miss being in the center of strategic discussions regarding the future of the accounting profession and our need as regulators to be flexible and…
Long, Dickerson and Absec Honored
SHARE: Theodore Long, Jr., Tyrone Dickerson, and Kent Absec were recently honored for their leadership and contributions to NASBA, state boards and the accounting profession during NASBA’s 116th Annual Meeting. Theodore Long, Jr., of Shaker Heights, OH, received the 2023 William H. Van Rensselaer Public Service Award. A retired partner of Ernst & Young, LLP,…
Is Your Board RIPE?
SHARE: As state legislatures have ramped up licensing reform in recent years—which often includes proposals to consolidate accountancy board duties/responsibilities with other boards—a recent NASBA study conducted by John Johnson, NASBA’s Director of Legislative and Governmental Affairs, identified: The research also showed that of the 29 jurisdictions with a dedicated executive director (ED), the turnover…