Category Archives: Publications
Continuous Testing Rule Adopted
SHARE: The April 26 NASBA Board of Directors’ meeting cleared the path for continuous testing on the Uniform CPA Examination as the Board approved Uniform Accountancy Act Model Rule 5-7(a)(2). According to the revised Rule, when system changes have eliminated the need for test window limitations “a Candidate can retake a Test Section once their…
Hansen Named Chair of CAG
SHARE: Gaylen R. Hansen, CPA, NASBA Chair 2012-13, has been appointed chair of the Consultative Advisory Group (CAG) of the International Ethics Standards Boards for Accountants (IESBA) effective July 1, 2019. He has represented NASBA on the CAG since 2010 and currently serves on NASBA’s Regulatory Response Committee and Standard-Setting & Professional Trends Advisory Committee,…
2019 Research Grants Awarded
SHARE: Three accounting education research grants were approved for funding by the NASBA Board of Directors at their April Meeting. Based on the recommendations of the Education Committee, as presented by Education Committee Chair Stephanie Saunders (VA) the following projects are receiving grants from NASBA: “Why Master’s in Accounting Students Do Not Sit for the…
CAQ and FAF Leadership Changes
SHARE: Julie Bell Lindsay has been named executive director of the Center for Audit Quality, effective May 6. She succeeds Cindy Fornelli who is leaving the organization at the end of May, after having led the CAQ for 12 years. On April 26 Financial Accounting Foundation CEO Terri Polley announced her retirement. She started her…
2018 SEC & PCAOB Enforcement
SHARE: 2018 saw a drop in the Securities and Exchange Commission’s and the Public Company Accounting Oversight Board’s enforcement activities involving accountants, according to a report released by Cornerstone Research in April. The two bodies finalized 45 actions in 2018, while in 2017 they finalized 75 such actions. These efforts resulted in less than $3.3…
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…