Tag Archives: Legislation

Legislative Updates: Don’t Assume – Constantly Educate and Reinforce!

SHARE: The desirability of uniformity among accountancy jurisdictions is recognized in the Uniform Accountancy Act (UAA), which has created and refined systems to provide for: mobility, peer review, continuing professional education requirements, non-CPA ownership, CPE Reciprocity and the ease for reciprocal licensure in almost all 50 states, territories, and the District of Columbia—all while protecting…

Diversity, Equity and Inclusion in Licensure

SHARE: As 2022 legislative sessions are now in full swing, legislatures continue to question the value of occupational and professional licensure. Perhaps Valuing Professional Licensing, a recent report issued by the Alliance for Responsible Professional Licensing (ARPL) — in partnership with the internationally recognized research firm Oxford Economics — can and should be employed to…

Gearing Up for 2022 Sessions

SHARE: With 39 of the 51 jurisdictions convening in January (Montana, Nevada, North Dakota, and Texas do not have a regular session in even-numbered years), NASBA has already been monitoring pre-filed legislation for 2022. In addition, 26 legislatures work within the framework of a two-year cycle, allowing them to carry over legislation. For example, 78…

Proposed Tax Preparer Legislation

SHARE: A recently introduced bill in Congress would authorize the U.S. Treasury to regulate paid tax return preparers and mandate minimum competency standards. According to the Journal of Accountancy, the introduction of the Taxpayer Protection and Preparer Proficiency Act, H.R. 4184, in Congress follows the Biden administration’s request in late April, in its American Families…

NASBA Supports Accounting STEM Pursuit Act Federal Legislation

SHARE: The 117th United States Congress recently introduced bipartisan legislation – H.R. 3855 – Accounting STEM Pursuit Act of 2021 – to recognize accounting as part of the STEM programs in schools. Under the Act, the accounting profession will become a part of the science, technology, engineering and mathematics curricula, reinforcing the clear and logical…

2019 Legislation in Motion

SHARE: Check out NASBA’s Legislative E News to get the state-by-state details of the current status of legislation related to the regulation of the accounting profession. For example, as highlighted in last month’s E News, on nasba.org, learn about: Wyoming – First state to file firm mobility legislation in 2019. Definition of “attest” legislation active…

NASBA Launches Legislative Newsletter

State Board Report January 2017 This month NASBA’s Legislative and Governmental Affairs Department is launching a new electronic newsletter, Legislative E-News, focused on legislative trends and news of special significance to the accounting profession and its regulators. “With the legislative arena at all levels becoming increasingly important to the health and integrity of the profession,…