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Category Archives: Publications
Ethics Matters: Q4 2023
Full Issue: Winter 2024
Streamlining the License Renewal Process Through CPE Reciprocity
SHARE: In this political environment where occupational licensing is being questioned at every turn, the accounting profession is constantly looking at ways to streamline the licensing process. With the additions of Georgia, Idaho, Louisiana and Oregon adopting CPE reciprocity in 2023, nearly 75 percent of the 55 U.S. jurisdictions have now adopted Uniform Accountancy Act (UAA)…
Professional Licensure Task Force Hosts Webinar, Seeks Comment by March 31
SHARE: One of the first steps NASBA Chair Stephanie Saunders (VA) has taken to address the CPA Pipeline crisis head-on is her establishment of NASBA’s Professional Licensure Task Force. The 10-member Task Force, comprised of State Board of Accountancy, State CPA Society, AICPA and NASBA representatives, is tasked with considering new concepts for CPA licensure…
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,…
