Category Archives: Publications
Full Issue: January 2020
CPA Evolution Update
SHARE: December saw stepped-up activity associated with the CPA Evolution initiative: Its website, EvolutionofCPA.org, was refreshed; NASBA committees held preliminary meetings; and a webcast was broadcast for those who had not attended the NASBA Annual Meeting. Updated material was added to EvolutionofCPA.org pertaining to recent thinking regarding possible revisions to the CPA licensure model, along…
President’s Memo: 2020 is Going to Be a Busy Year!
SHARE: I probably could have used the title “This is Going to Be a Busy Year” for most, if not all, of the President’s Memos I have written over the past nine years, but it seems particularly relevant for the year ahead, 2020. While each year is typically busy for NASBA staff and volunteers alike,…
IL Requires Harassment CPE
SHARE: As of January 1, 2020, a person seeking to renew their professional license issued by the Illinois Division of Financial and Professional Regulation (IDFPR) must complete a one-hour continuing education course in sexual harassment prevention. This is to be done for every renewal after January 1, 2020, and does not increase the number of…
Invitation to Comment on Exam Released
SHARE: While other groups are looking at what the future Uniform CPA Examination may be like, keeping the current Exam valid, reliable and relevant has also been a charge of the Board of Examiners and the AICPA Exam Team. The results of the AICPA’s Practice Analysis were released in mid-December along with changes to be…
New FASB Appointments
SHARE: Richard R. Jones, CPA, has been selected by the Board of Trustees of the Financial Accounting Foundation to succeed Russ Golden as Financial Accounting Standards Board Chairman on July 1, 2020. Mr. Jones is chief accountant and partner of Ernst & Young LLP, having spent over 30 years with the firm. He has also…
TX Board Answers Regulation Limitation
SHARE: All Texas agencies were asked to submit to Governor Greg Abbott by December 1, 2019 their plans for limiting regulations, reducing fees and removing licensing barriers for people with criminal records where appropriate. The Texas State Board of Public Accountancy replied in a letter to the Governor in mid-November 2019: In early 2020 the…
IFAC Backs Whistleblower Protection
SHARE: Whistleblower protection is essential to empower people who uncover corruption, according to International Federation of Accountants Executive Director Kevin Dancey: “IFAC supports the adoption of whistleblower protection legislation in all jurisdictions in line with principles advanced by the G20, the OECD, and the International Bar Association.” Looking at the G20 Anti-Corruption Plan, he identified…