Tag Archives: UAA

NASBA Selects 2022-23 Vice Chair Nominee

SHARE: On Tuesday, May 10, Stephanie M. Saunders, CPA (VA) was selected as the NASBA’s Nominating Committee candidate for vice chair, 2022-2023. If elected vice chair by the member Boards of Accountancy, Saunders will automatically accede to NASBA chair, 2023-2024. Saunders is a member of the NASBA Board of Directors where she serves as director-at-large,…

Legislative Briefs

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…

Education Rules Amended

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…

Model Rules Out for Comment

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).…

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…

CPA Evolution Initiative Continues

SHARE: Significant planning associated with the CPA Evolution initiative moved forward in January: The nine-member CPA Evolution Education Advisory Group (see 1/20 sbr) met twice; NASBA’s Education Committee met and learned more about the proposal; The CPA Evolution Exam Advisory Group was established; And NASBA’s Board of Directors received an update on the initiative’s progress…

NASBA Board Weighs Evolution

SHARE: The NASBA Board of Directors’ July 26 meeting focused on the comments received at June’s Regional Meetings on the evolution of the CPA profession. “We have heard loud and clear that the State Boards do not want two pathways to CPA licensure,” NASBA President and CEO Ken Bishop stated, but NASBA Board members felt…

Joint NOCLAR Task Force Meets

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…

Comments Awaited on Model Rules

SHARE: State Boards and other interested parties are being asked to review changes to two sections of the Uniform Accountancy Act’s Model Rules: First, a change to Rule 5-7 to prepare the way for continuous Uniform CPA Examination testing has been exposed with a February 11, 2019 comment deadline. Second, to be released for comment…

UAA vs. Anti-Regulation Forces

SHARE: “The Uniform Accountancy Act is one of the best ways to refute ALEC and other such groups,” advised NASBA Director of Legislative and Regulatory Affairs John Johnson. “These groups don’t know what we have done to promote uniformity, to remove barriers for professionals to move across state lines, etc.” Mr. Johnson said he will…