Tag Archives: AICPA

SHARE: The AICPA reports that in the 2017-2018 academic year, racial/ethnic diversity among accounting graduates has increased, including a 7 percentage point rise in the number of Hispanic or Latino accounting graduates. 2019 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits has been released by the AICPA https://www.aicpa.org/content/dam/aicpa/interestareas/accountingeducation/newsandpublications/downloadabledocuments/2019-trends-report.pdf, and…

SHARE: Washington, DC – The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have helped found the Alliance for Responsible Professional Licensing (ARPL) – a new coalition of advanced professions focused on educating policymakers and the public about the importance of rigorous professional licensing standards. AICPA and NASBA…

SHARE: How best to address noncompliance with laws and regulations (NOCLAR) by clients was addressed in the first meeting of a joint task force of the AICPA/NASBA Uniform Accountancy Committee and the AICPA Professional Ethics Executive Committee on July 30-31 in Washington, DC. The task force was formed as recommended by the AICPA/NASBA summit leadership…

SHARE: The NASBA/AICPA International Qualifications Appraisal Board (IQAB) is continuing to work on the development of mutual recognition agreements (MRA) with the Institute of Chartered Accountants of England and Wales, and the South African Institute of Chartered Accountants – but have not yet reached final agreements. Negotiations are continuing as differences between the systems for…

SHARE: There are major players currently dedicated to reducing the regulation of occupations and professions, NASBA Director of Legislative and Governmental Affairs John W. Johnson once more told the Regional Meetings. These include the American Legislative Exchange Council (ALEC), Institute for Justice, Cato Institute, Americans for Prosperity, Mercatus Center and Goldwater Institute. In 2019, anti-regulatory…

SHARE: The first steps in the practice analysis are underway with a series of virtual focus groups being held with firms. Additional focus groups with firms, supervisors of newly licensed CPAs and representatives from State Boards will be held in the coming months. Newly licensed CPAs will also be participating in virtual focus groups to…

SHARE: Guiding principles for moving ahead in visioning the profession of the future are under refinement by a team led by NASBA Vice Chair Laurie Tish and AICPA Vice Chair William Reeb, the executive directors heard. At the 2018 NASBA Regional Meetings, the concept of two pathways leading to the CPA was not well received;…

SHARE: “We are gearing up with the AICPA to start the next practice analysis and we are asking for the Boards’ permission to use Accountancy Licensee Database information to gather the pool of newly licensed CPAs to participate in the surveys and focus groups,” Ed Barnicott, NASBA Vice President – Strategic Planning and Program Management,…

SHARE: A new task force has been formed to align the efforts of the AICPA/NASBA Uniform Accountancy Act Committee and the AICPA Professional Ethics Executive Committee as they work to understand how best to address clients’ noncompliance with laws and regulations (NOCLAR). The members are: Coalter Baker -Co-Chair, Robert Denham -Co-Chair, Carlos Barrera, Anna Durst,…

SHARE: Three sections of the Uniform CPA Examination will have a revised Blueprint effective July 1, 2019. The complete, revised Blueprints are posted in the CPA Exam Study Materials section of aicpa.org/cpaexam. As noted at the NASBA’s 2018 Annual Meeting by AICPA Vice President Michael Decker, every six months the Blueprints are updated and he…