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Accounting Student Report

Panelists will address the following issues and encourage questions from the audience:

1. The 150-hour curriculum
   • How the program is structured in different schools
   • Courses required by school
   • Courses required by state
   • Link to Uniform CPA Examination
   • Why 150 hours are needed
2. Distance learning and evaluating education from outside the US
   • Using on‐line and in‐class approaches for teaching content and skills
   • Evaluating on‐line courses and on‐line degrees
   • Evaluating courses taught abroad and students educated abroad
3. Finding qualified faculty
   • Attracting Ph.D.’s
   • Retaining experienced educators
   • Utilizing those with experience in public accounting or industry

INAUGURAL SPEECH

Earlier this year, I had the privilege to address my Arizona colleagues at the Society Annual Meeting. In introducing me to the audience, the Society’s President, Cindie Hubiak, was given the arduous task of not only telling the audience who I was, but to explain what this organization called the National Association of State Boards of Accountancy was and what it does for the profession.

Just as we have a responsibility to our family and friends, when we committed to represent our profession and our state as a regulator, we assumed as great a responsibility to our communities, and specifically to our clients and to the many businesses that depend on our advice and guidance. That makes us a Big Deal. When accepting the appointment to our State Board, many of us thought that we will at least have another nice entry on our resume. However, it doesn’t take very long before we realize the awesome responsibility we have, to the public and the individual professional. We have the responsibility to regulate rigorously and fairly. Furthermore, we are not serving the public, if we are imposing unfair or inconsistent enforcement of the statutes, rules, and standards. And we are not serving the professional, whose career and livelihood may be at stake. We must stand up, recognize that we are a Big Deal and be judicious with our authority, as well as, our responsibilities.

See Full Presentation:
Inaugural Speech

NASBA Chairman Billy M. Atkinson, CPA, delivered the Inaugural Address at the 2009 Annual Meeting. He comments on key points that State Boards of Accountancy addressed during his tenure as board chair.

See Full Document:
Inaugural Address

Obstacles to Common Standard and Uniform Quality:

Competition

Sovereignty and national pride

Champion Industries

Politics

Cost and inconvenience

Representation

Implementation

Leading to a lack of collaboration… and yet…

See Full Presentation:
Role of State Regulators

1. Introductions

2. Mobility Equation

a. Achieving full mobility through adoption of UAA Section 23

“We are committed to this effort and will not stop until mobility is complete.”

b. Accountancy Licensee Database

“Along with mobility, the next important goal is the expansion of the Accountancy Licensee Database project to all states. The ALD is essential to the ‘no escape’ provisions of mobility.”

c. Confidence in Other States

“Also essential to mobility is confidence of each jurisdiction in the other states’ monitoring compliance assurance.” “We are encouraged by the new AICPA Peer Review standards, scheduled for implementation in 2009… The AICPA Transparency initiatives, now in 12 states look encouraging. We support these efforts to strengthen the Peer Review process.” “We are looking forward to continued progress toward a National Compliance Assurance Review oversight program that will serve the needs of State Boards and add credibility to this very essential program.”

3. Education and Examination

a. High educational standards are critical for entrance into the profession.

b. Need to combine technical foundation with strong ethics component.

c. Offering CPA examination worldwide is a great opportunity.

d. Will continue to dialogue with all players on education issues.

4. New Projects

a. Model State Board Committee – Ellis Dunkum chair

b. Enforcement Practices Committee – Harry Parsons chair

c. Strategic Initiatives Committee and Regulatory Response Committee – Gaylen Hansen and Rick Isserman chairs, to increase responses

d. Global Strategies Committee – Sam Cotterell chair

5. Conclusions

“IFRS issues for private companies, international ethics and education requirements will dominate our professional discourse for the foreseeable future.”

Outline:

About the Private Companies Financial Reporting Committee

IFRS for Private Entities

Possibilities for U.S. private companies

See Full Presentation:
IFRS and Private Companies Report

International Convergence: Why?

A single set of high-quality accounting standards is key to a global reporting system

The rest of the world has spoken (not U.S. GAAP)

Facilitates world-wide investment

Reduces the cost of capital

Reduces operational costs

See Full Presentation:
Global Accounting Standards Report

Topics from this report by Douglas E. Warren include:

Practice Analysis update

BOE strategic initiatives

CBT-e

Operational update

See Full Report:
Annual BOE Report

This document contains a presentation given by Victor Carter-Bey, Director/Team Lead of Prometric Financial Services Segment in regards to perspectives on the Uniform CPA Exam.

See Full Document:
Prometric Report