Tag Archives: AICPA

SHARE: Four task forces appointed by NASBA and the AICPA are working to develop high-level model curricula topics and learning objectives for the sections of the January 2024 Uniform CPA Examination, which will form the platform for the CPA Evolution. The task forces’ goal is to have their work completed by June 2021, with the…

SHARE: On January 14, 2021, the latest round in the profession’s ongoing attempt to deal with NOCLAR (non-compliance with laws and regulations) began, with the AICPA’s Auditing Standards Board’s (ASB) vote to expose for public comment a proposed Statement on Auditing Standards (SAS) on “Communication with Predecessor Auditor Regarding Fraud and Noncompliance with Laws and…

SHARE: Dr. Kevin James was asked to consider what the CPA Evolution will mean to minority students, as part of the Annual Meeting’s panel session moderated by Education Committee Chair Stephanie Saunders (VA). Dr. James, who is Dean of the Deese College of Business at North Carolina Agricultural and Technical State University, detailed some of…

SHARE: Beginning September 1, 2020, licensed CPA firms and licensed individual CPAs can apply to place the restricted domain name .cpa on their web address. It took the AICPA almost seven years to win the rights to control the custom domain .cpa from the Internet Corporation for Assigned Names and Numbers (ICANN) as other groups…

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…

SHARE: An in-depth staff report on the progress of the CPA Evolution Initiative was presented at the NASBA/AICPA leadership semi-annual Summit meeting in February. Meeting attendees spent three hours hearing outcomes from the Education and Examination Advisory Groups, as well as feedback received since October from more than 1,000 stakeholders, including State Board members and…

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…

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…

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…