Tag Archives: Ken L. Bishop
Bishop Announces Retirement – National Search for Successor Launched
SHARE: Among the most significant information presented during NASBA’s recent annual meeting was the announcement of Ken Bishop’s retirement as president and CEO, effective July 31, 2024. Bishop shared his plans to retire from his executive role with Board of Accountancy members and other key stakeholders as part of his State of NASBA address. In…
NASBA Responses
SHARE: Over this past quarter, Chair Laurie J. Tish and President and CEO Ken L. Bishop responded for NASBA to the following exposure drafts: AICPA Professional Ethics Executive Committee: Proposed Revised Interpretation – Records Requests International Auditing and Assurance Standards Board – Proposed ISA 600 (Revised) – Special Considerations – Audits of Group Financial Statements…
President’s Memo: The New Normal
SHARE: This morning, while stopped at a red light, I noticed a young mother trailed by two very small children walking down the sidewalk. Each was wearing a mask and, while they were close together, they were noticeably distancing themselves from other walkers. It occurred to me that the COVID-19 precautions that we are taking…
President’s Memo: Challenges and Impact
SHARE: In last month’s President’s Memo, I briefly discussed the coronavirus outbreak in China and the potential impact it might have on NASBA. Now, just one month later, “potential” is no longer even remotely applicable and the virus, COVID-19, is significantly impacting most of what we do. NASBA Chair Laurie J. Tish and I have…
PCAOB Weighs Quality Control Measures
SHARE: As promised by Public Company Accounting Oversight Board Chair William Duhnke at December’s Center for the Public Trust (CPT)/Baruch Conference, the PCAOB has issued a concept release on its quality control standards to reflect relevant developments affecting audit and assurance practices and firms’ quality control systems. NASBA’s Regulatory Response Committee, chaired by W. Michael…
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,…
President’s Memo: Looking Back at 2019
SHARE: In President’s Memos of the past, I have described how, from my perspective, NASBA has three types of years that impact much of what we do. We have our business/fiscal year (July 31 ending) that determines our budget, financial measurement and business planning. Our governance year runs traditionally from late October, when a new…
President’s Memo: Changing Demographics
SHARE: I was made aware of some promising news in the latest AICPA Trends Report: There has been an increase in the number of minority students enrolled in accounting classes. The increase is small but significant in that it indicates that minorities, particularly Hispanics, may recognize the potential opportunities associated with becoming a CPA. Upon…
President’s Memo: Substantial vs. Radical
SHARE: Recently I was in a meeting with some senior staff considering the next steps in the “CPA Evolution” discussion. We had received the CPA Evolution Task Force’s report and were pondering how to best communicate its conclusions and implementation strategies. While the Task Force agreed two unique pathways to become a CPA were unacceptable,…
President’s Memo: This Threat is Real
SHARE: For the past few years we have been discussing the threat of anti-regulatory legislation. In some ways we have been challenged in how best to monitor and respond to this threat, as many of us concur that there are obvious cases where the requirement for licensure has been abused. In the beginning of mandated…