Tag Archives: UAA

SHARE: In this political environment where occupational licensing is being questioned at every turn, the accounting profession is constantly looking at ways to streamline the licensing process. With the additions of Georgia, Idaho, Louisiana and Oregon adopting CPE reciprocity in 2023, nearly 75 percent of the 55 U.S. jurisdictions have now adopted Uniform Accountancy Act (UAA)…

SHARE: One of the first steps NASBA Chair Stephanie Saunders (VA) has taken to address the CPA Pipeline crisis head-on is her establishment of NASBA’s Professional Licensure Task Force. The 10-member Task Force, comprised of State Board of Accountancy, State CPA Society, AICPA and NASBA representatives, is tasked with considering new concepts for CPA licensure…

SHARE: On January 9, 2024, NASBA’s Uniform Accountancy Act (UAA) Committee met to discuss public comments received from a recent 60-day comment period regarding proposed changes to the UAA Model Rules. Following that discussion, Committee members voted unanimously to recommend adoption of the proposed amendments and present them to the NASBA Board of Directors for…

SHARE: Board of Accountancy representatives and other interested parties are invited to comment on proposed revisions to the Uniform Accountancy Act (UAA) Model Rules pertaining to peer review, by January 2, 2024.    Developed by the NASBA Peer Review Compliance Committee (PRCC) and AICPA’s peer review staff, the proposed revisions were reviewed and edited by the…

SHARE: In a historic decision on April 21, 2023, the NASBA Board of Directors voted to adopt an amendment to Model Rule 5-7 of the Uniform Accountancy Act (UAA). The amendment increases the length of conditional credit for the Uniform CPA Examination from 18 months to 30 months, bases the calculation of conditional credit for…

SHARE: State Boards of Accountancy and other interested parties are encouraged to submit comments by April 17, 2023, in response to proposed amendments to the Uniform Accountancy Act (UAA) Model Rules for the granting of credit requirement for sections passed on the Uniform CPA Examination. The revised exposure draft, which was approved for re-exposure by…

SHARE: By the end of May 2021, 39 jurisdictional legislatures will have adjourned their 2021 legislative sessions and an additional six legislatures will do the same by the end of June; this will leave 10 remaining jurisdictions in session until December 2021. Unlike 2020, when state legislatures across the country convened late due to the…

SHARE: Eager to get the Uniform Accountancy Act’s new Model Rules 5-1 and 5-2 out to the member Boards as quickly as possible, the NASBA Board of Directors held a special meeting on October 13 and unanimously approved the rules as proposed by the NASBA Uniform Accountancy Act Committee. The rules had been developed by…

SHARE: The Uniform Accountancy Act (UAA) Model Rules that will set the stage for the CPA Evolution are out for comment through August 31, 2020, announced UAA Committee Chair J. Coalter Baker (TX) at NASBA’s June Regional Meetings. The proposed changes to Model Rules 5-1 and 5-2 can be found on the NASBA website (https://nasba.org/app/uploads/2020/05/UAA-Cover-Letter-Proposed-Revisions_Final-26May20.pdf).…

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…