Tag Archives: Laurie J. Tish
Candidates Sought for Nominating Committee & NASBA Board
SHARE: NASBA is calling upon all interested state board members and associates to submit their interest in serving on NASBA’s Nominating Committee and Board of Directors. The Nominating Committee is currently seeking individuals to submit their interest in serving as a member or alternate member representing NASBA’s Mountain, Southwest, Great Lakes and Northeast regions. The…
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…
Chair’s Memo: Resilience and Collaboration
SHARE: When I think of 2020 and my year as chair of NASBA, two words come to mind – “Resilience” and “Collaboration”. Actually three words come to mind, but “Zoom” is part of 2020 that I would prefer to forget. Resilience because we prevailed. It is no coincidence that Resilience was the theme of our…
BOD Calls for Vote on Bylaws Changes
SHARE: Amendments to NASBA’s Bylaws dealing with teleconferences and the Nominating Committee will be voted on at the Annual Business Meeting in November. Responding to issues raised over the past year, the Bylaws Committee has proposed changes to Bylaws 4.11; 7.1.8 ; and 7.2.2. At their July 24, 2020 virtual meeting, the NASBA Board of…
NASBA Responds to BOE and PCAOB
SHARE: NASBA encourages the AICPA to continue to evolve the Uniform CPA Examination by introducing additional analysis and evaluation simulations across the sections, but is also concerned about de-emphasis of business law topics on the Examination, as stated in its April 30, 2020 response to the AICPA Board of Examiners’ “Maintaining the Relevance of the…
NASBA Responds to SEC and PEEC
SHARE: On NASBA’s behalf, Chair Laurie J. Tish and President and CEO Ken L. Bishop submitted responses to exposure drafts from the Securities and Exchange Commission (SEC) and the AICPA Professional Ethics Executive Committee (PEEC) on February 25. The complete responses can be found on www.nasba.org in the Publications section. The letter to the SEC…
NASBA BOD Opposes Staff Augmentation
SHARE: The NASBA Board of Directors at their January 17 meeting reaffirmed their opposition to allowing a CPA firm’s staff to provide non-attest services to an attest client while under the client’s supervision as it compromises the firm’s independence. This practice, termed “staff augmentation” in an interpretation of ET 1.200.001 under consideration by the AICPA’s…
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…
Chair’s Memo: Stay Open
SHARE: This past year was a busy year for NASBA, when we focused on revisiting the four E’s (education, examination, experience and ethics), the issues surrounding NOCLAR (non-compliance with laws and regulations), staff augmentation and peer review. Many Boards across the country have been dealing with various state deregulatory proposals that threaten the regulation of…
Tish and Reeb Unveil New Model
SHARE: A possible model of the Uniform CPA Examination, as envisioned by the CPA Evolution Task Force and then crafted by NASBA and AICPA leadership, was unveiled at the NASBA Annual Meeting, October 27-30 in Boston, MA. NASBA Vice Chair Laurie Tish and AICPA Chair Bill Reeb explained to the Annual Meeting audience that the…