Category Archives: Uncategorized

Professional accounting bodies in the United States and South Africa have renewed their Mutual Recognition Agreement (MRA), reaffirming a shared commitment to supporting cross-border professional mobility. The agreement was signed in late January by representatives of the U.S. International Qualifications Appraisal Board (IQAB) on behalf of NASBA and the AICPA, together with the South African Institute of Chartered Accountants. Extending through…

IFAC Releases Q1 2026 Information on Global Private Equity Transactions  The International Federation of Accountants (IFAC) has recently released updated information related to the impact of private equity (PE) investment in accounting firms, indicating that transactions continue to accelerate.  IFAC has relied upon publicly available information to develop its comprehensive, global examination of the number and type of accounting firms impacted by direct…

Anyone remember those once cutting-edge business terms like “synergy” or “paradigm shift”? How about “thinking outside the box”—an expression that today sounds more and more like the box itself. Lately, I’ve been wondering when “disrupt” (or “disruption” or “disruptor”) might be tossed onto the buzzword trash heap.   In case you didn’t know, “disrupt” arises from the Latin root rumpere, which means “to break”—the word itself translating roughly as “to break apart.” This root plays a role in other words, too, such as “corrupt.” Its prefix means “altogether” or “thoroughly,” so corruption is, in fact, a state of total breakdown. Which begs the question: Might these words exist on a spectrum, and if so, can an excessive desire for disruption begin to…

On Monday, April 27, 2026, NASBA submitted a comment letter in response to the AICPA Professional Ethics Executive Committee’s (PEEC) exposure draft on Alternative Practice Structures (APS). The letter reflects input from Boards of Accountancy and focuses on a central question: How will this work in practice?  The proposal addresses how firm structures are evolving, including the growing role of outside investment. NASBA’s letter acknowledges that…

With more than a decade of leadership across NASBA, the California Board of Accountancy and the American Institute of CPAs (AICPA), Katrina Salazar of Sacramento, CA, has been selected to serve as NASBA’s vice chair nominee for 2026-2027. Salazar was chosen by the Nominating Committee during its meeting on May 5.  As NASBA’s longest-serving current director-at-large, Salazar also serves as chair of the 2025-2026 NASBA Legislative Support Committee and previously served as NASBA Board secretary and Pacific…

In April, Forbes released its America’s Best-in-State CPAs listing, recognizing CPAs nationwide for their outstanding leadership, service and contributions to the accounting profession.   NASBA congratulates all Board of Accountancy representatives, associate members and valued stakeholders recognized for their demonstrated excellence and commitment to protecting the public interest and advancing the profession.    To view the full list of honorees, visit Forbes’ Best-in-State CPAs list. 

Steady gains in Q1 signal a strengthening CPA pipeline and growing candidate confidence.  CPA Exam candidates are off to a promising start in 2026, with Q1 Exam stats showing meaningful progress across key performance metrics. The overall pass rate rose to 54.6 percent, up from 49.8 percent in Q1 2025—an encouraging sign as candidates continue to adapt to…

Each year, National Accounting Day falls on May 19! NASBA appreciates and recognizes the individuals in the profession who dedicate themselves to their work year after year. Thank you for all you do, and Happy National Accounting Day!  Be sure to follow NASBA on social media to see what content is in store for National Accounting Day!  Facebook: https://www.facebook.com/profile.php?id=100064673256058 …

This March, Board of Accountancy executive directors, legal counsel and board staff gathered alongside NASBA leaders and State CPA Society executives in Austin, TX, for the 44th Annual Conference for Executive Directors and Board Staff and 31st Annual Conference for Board of Accountancy Legal Counsel.  Over the week-long conferences, participants discussed regulatory updates, legislative developments, and emerging issues impacting Boards of Accountancy.…

Did you know that the American Institute of CPAs (AICPA) offers an online resource featuring retired Task-Based Simulations (TBS) from the Financial Accounting and Reporting (FAR) section of the Uniform CPA Examination? This resource, released publicly by the AICPA Board of Examiners in 2025, offers Boards of Accountancy a rare opportunity to see the CPA Exam in practice rather than in…