This document provides an overview and introduction for a new board member orientation. It includes introductions, an explanation of board member responsibilities, reasons for serving on the board, the board's primary functions, who they represent, the size and staffing of boards, common board committees, how boards fulfill their responsibilities, and general advice. It also discusses NASBA and their role in supporting state boards of accountancy.
Ethics & Compliance - An Organizational OutlookM Ravish Malgi
ย
This presentation briefly covers the difference between ethics & compliance and also gives a gist about their respective importance to the business world.
As the economy recovers and new legislation is passed, the liabilities faced by CEOs are constantly changing. Pivotal is here to keep you informed of these liabilites from the HR perspective. We'll cover topics such as:
* Financial Reporting
* Health & Safety
* Human Rights
* Employment Standards
Ethics & Compliance - An Organizational OutlookM Ravish Malgi
ย
This presentation briefly covers the difference between ethics & compliance and also gives a gist about their respective importance to the business world.
As the economy recovers and new legislation is passed, the liabilities faced by CEOs are constantly changing. Pivotal is here to keep you informed of these liabilites from the HR perspective. We'll cover topics such as:
* Financial Reporting
* Health & Safety
* Human Rights
* Employment Standards
MACPA works to keep it's members "future ready" and to be able to thrive in this rapidly changing and complex world. This update given every six months in interactive "town hall" meetings covers the latest developments in four major areas: 1) Lookout post - the latest trends and issues facing business and the Profession; 2) Laws, regulations and standards; 3) What MACPA is doing about these issues as a membership organization; and 4) How to keep their L>C, rate of learning greater than the rate of change, or to help CPAs find their competitive edge.
The current batches of trends revives around the "shift change".
This interactive webinar will give you a live, guided demo of ELTโs online Ethics & Code of Conduct training program, discuss the laws that mandate training, and provide a practical overview of best training practices.
Online ethics training programs have become critical to many organizationโs compliance and risk management strategies. Legal mandates over the past decade have significantly reduced fines and penalties for organizations that train employees on their Code. The regulatory environment continues intensify, demanding increased accountability and transparency from employers.
More than ever, organizations have a strong incentive to build both an ethical culture and effective compliance programs โ to reduce risk, to avoid litigation, to build defenses and to create tangible value. Enterprise-wide employee education is central to this effort.
Presentation by Kim Fantaci, Executive Director of Association of Accounting Administartors to AICPA - CPA-SEA Interchange Conference on July 31, 2009 in Orlando, Florida
MACPA works to keep it's members "future ready" and to be able to thrive in this rapidly changing and complex world. This update given every six months in interactive "town hall" meetings covers the latest developments in four major areas: 1) Lookout post - the latest trends and issues facing business and the Profession; 2) Laws, regulations and standards; 3) What MACPA is doing about these issues as a membership organization; and 4) How to keep their L>C, rate of learning greater than the rate of change, or to help CPAs find their competitive edge.
The current batches of trends revives around the "shift change".
This interactive webinar will give you a live, guided demo of ELTโs online Ethics & Code of Conduct training program, discuss the laws that mandate training, and provide a practical overview of best training practices.
Online ethics training programs have become critical to many organizationโs compliance and risk management strategies. Legal mandates over the past decade have significantly reduced fines and penalties for organizations that train employees on their Code. The regulatory environment continues intensify, demanding increased accountability and transparency from employers.
More than ever, organizations have a strong incentive to build both an ethical culture and effective compliance programs โ to reduce risk, to avoid litigation, to build defenses and to create tangible value. Enterprise-wide employee education is central to this effort.
Presentation by Kim Fantaci, Executive Director of Association of Accounting Administartors to AICPA - CPA-SEA Interchange Conference on July 31, 2009 in Orlando, Florida
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
ย
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
ย
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
ย
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
ย
Discover the innovative and creative projects that highlight my journey throughย Full Sail University. Below, youโll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
ย
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Memorandum Of Association Constitution of Company.pptseri bangash
ย
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Putting the SPARK into Virtual Training.pptxCynthia Clay
ย
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
ย
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
๐๐ ๐๐จ๐ฆ๐ฌ provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
โญ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ:
โข 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
โข SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
โขFreenBecky 1st Fan Meeting in Vietnam
โขCHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
โข WOW K-Music Festival 2023
โข Winner [CROSS] Tour in HCM
โข Super Show 9 in HCM with Super Junior
โข HCMC - Gyeongsangbuk-do Culture and Tourism Festival
โข Korean Vietnam Partnership - Fair with LG
โข Korean President visits Samsung Electronics R&D Center
โข Vietnam Food Expo with Lotte Wellfood
"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
ย
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
ย
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.๐คฏ
We will dig deeper into:
1. How to capture video testimonials that convert from your audience ๐ฅ
2. How to leverage your testimonials to boost your sales ๐ฒ
3. How you can capture more CRM data to understand your audience better through video testimonials. ๐
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
ย
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
3. What Are the Responsibilities of a Member of a Board of Accountancy? Presented by Laurie Tish and Karen Turner โ 2011 Western Ken Odom and Kim Tredinnick โ 2011 Eastern
60. NASBA/AICPA Joint Efforts Uniform Accountancy Act International Qualifications Appraisal Board Uniform CPA Examination Standards for CPE Sponsors Coming Soon โ International Exam administration
61. AICPA/NASBA UAA Sets substantial equivalency requirements Promotes uniformity Basis for mobility among states Basis for international Mutual Recognition Agreements
62. NASBA/AICPA International Qualifications Appraisal Board Mutual Recognition Agreement partners: Canadian Institute of Chartered Accountants Instituto Mexicano de Contadores Publicos Chartered Accountants of Ireland Institute of Chartered Accountants in Australia New Zealand Institute of Chartered Accountants
63. Uniform CPA Examination 4-part computer-based since 2004 Three partners: AICPA (content and scoring), NASBA (central clearinghouse for information on eligible candidates), Prometric (testing centers) Agreement extended until 2024.
64. Examination Review Board Body which reviews all aspects of the Uniform CPA Examination on behalf of State Boards as a basis for their reliance on the Examinationโs results Annual report to Boards presented at Regional Meetings
65. CPE Program Standards Updated this year with input from AICPA. Incorporates material previously only covered in โFrequently Asked Questions.โ Recognizes newer CPE formats. Will be appended to UAA.
66. Acronym Quiz Standard setters: PCAOB, IASB, FASB Associations: IMCP, CICA, IFAC Exam-related: FAR, NTS, BEC Designations: CA, CPA, EA (see chart in meeting binder)
70. Who Are the Key Players and Making the Headlines? Ted A. Lodden and Janice Gray 2011 Western Regional Bucky W. Glover and Jeff Chickering 2011 Eastern Regional
71.
72. Speaking for the Public Federal Agencies US Trade Representative HUD SEC Consumer groups Center for Public Interest Law (California) Accountants for the Public Interest Elected officials Governors Legislators Others?
73. Speaking from the Campuses American Accounting Association (AAA) Association of Collegiate Business Schools and Programs (ACSBP) Association to Advance Collegiate Schools of Business (AACSB) Beta Alpha Psi Others?
95. IRS Regulating Tax Preparers IRS Commissioner Shulman announces multi-year effort to provide standards for and oversight of the tax preparation industry. โ January 2010 Non-CPA, non-lawyer, non-EA preparers to meet programโs requirements. Databases to be created with new registration numbers. Fall 2011 certain paid preparers will be required to pass new competency test. Expected to start in 2012, certain paid preparers must have 15 hours of continuing education annually. Regular renewals of Preparer Tax Identification Numbers (PTINs).
96. Standards and Fraud Make News Standards Fraud Congressional Hearings IFRS SEC considers IFRS Roadmap โ July Panel Adoption by other countries Impact on private company standards Schemes Ponzi schemes across the country Brokerage firms International incidents
97. -- Will Rogers โAll I know is what I read in the papers.โ
99. HOW WE COMMUNICATE Thomas Kenny - Director, Communications Louise DratlerHaberman - Director, Information & Research
100. WEB SITE www.nasba.org Links to member boardsโ sites Newsletter highlights Meeting presentations Committee reports White papers, letters Meeting information Committee membership lists Bylaws, UAA, other NASBA documents Stay tuned for new features
102. PUBLICATIONS State Board Report - Newsletter CPA Candidate Performance on the Uniform CPA Examination Ethics Matters โ CPT Newsletter ALD News
103. QUARTERLY MAILING Executive summary and all responses to Regional Directorsโ Focus Questions Highlights of Most Recent BOD Meeting Approved Minutes of Previous BOD Meeting New Focus Questions
104. OTHER MEDIA NASBA Twitter News blast Press Releases (PRNewsWire) Quick Polls (for Executive Directors seeking prompt answers to administrative questions from other Executive Directors)
105. E-MAIL To reach any NASBA staff member just send your message to first initial then last name then @nasba.org dcostello@nasba.org kbishop@nasba.org tkenny@nasba.org lhaberman@nasba.org
106. EVERYONE NEEDS E-MAIL E-mail reaches out to quickly distribute information and get current responses. It saves us time and money. Please promptly notify NASBA (aholt@nasba.org) of any e-mail address change.
WEST: Speaker 1 โ Laurie Speaker 2 โ Karen EAST: Speaker 1 โ Ken Speaker 2 โ Kim
WEST: Speaker 1 โ Laurie Speaker 2 โ Karen EAST: Speaker 1 โ Ken Speaker 2 โ Kim
WEST: Speaker 1 โ Laurie Speaker 2 โ Karen EAST: Speaker 1 โ Ken Speaker 2 โ Kim
SPEAKER 1 โ We welcome you to our orientation this morning and realize that you come with different backgrounds and experience. Some of you have just been appointed to your Board and others have been on the Board for close to a year. Why you decided to volunteer your time and attention to the Board probably varies as well. Looking at our list of reasons for joining the Board, in the current economy, the good coffee and high per diems may have become even less of a reason for signing up. Many states are facing tough times -- and they are merging boards โ and even cutting out the coffee. So far Board members have not been asked to pay for reserved seating at their meetings, or been charged for bringing in their briefcases โ but that could happen.
SPEAKER 1 โ We have listed some additional reasons for joining the Accountancy Board that are a bit more lofty. I think all of us serve because we believe we are contributing to better protection of the public through better government. Would anyone like to add a reason? (WAIT FOR RESPONSE OR CALL ON SOMEONE)
SPEAKER 2 โ In December 2010, the Arizona consulting firm of Zwillinger Greek Zwillinger & Knecht was called in to evaluate the performance of the Washington State Board of Accountancy, when consolidation of the Board was under consideration. The Rule shown on the slide was cited in that report. Would you add any others?Given the economic stress many states now face, it is important to underscore why an Accountancy Board is needed and why it should have the resources to do its job efficiently and effectively. This is the focus of NASBAโs State Board Relevance and Effectiveness Committeeโs drive for the creation and maintenance of autonomous boards of accountancy, which will be discussed during Fridayโs breakout sessions led by the Committeeโs Chair, Bucky Glover.
SPEAKER 2 โ Are there other groups to be added to this list?When you are selected to serve on a Board of Accountancy, you come with skills, knowledge, experience and capabilities that can be assets to your Board. You come with all those valuable facets, but you leave your advocateโs hat at the door. You are not on the Board to make things harder - or easier - for CPAs. You are there to ensure that CPAs are fairly providing the public with the services they offer -- and that those individuals who qualify to become CPAs are provided a fair way to get that license. Quite simply -- you are protecting the public.
SPEAKER 1 โ With 55 Boards of Accountancy across the country and in the territories, there is a broad range among them in the number of licensees they oversee, the size of the Accountancy Board, the number of public members each Board includes and the staff assigned to work for the Boards. In the Regional Meeting binder you will see the โState Board Profile for 2011โ which clearly shows the range of sizes.
SPEAKER 1- Much of the work of the Board is accomplished through its committees. Some may be standing committees established in the Boardโs rules, while others may be formed to address special issues.Looking at this list, are there any other committees that your Board has which are not included?(WAIT FOR RESPONSE)
SPEAKER 2 โ When Accountancy Boards get together, youโll frequently hear them mention the three Es for licensure โ education, examination and experience. Youโll also hear us talk about the โthree-legged stoolโ concept, meaning if any one of these three elements is cut short, the stool will topple. Boards depend on each other to make sure licensees continue to be competent after they are licensed. If a licensee is not performing up to standards there is remediation and perhaps even removal from practice. States depend on each other to make sure their licensees fulfill their peer review and continuing professional education requirements. This has become even more important now that we have mobility.States also depend on each other to follow through on referrals and complaints.
SPEAKER 2 โ When there is a financial crisis, the cry often goes out: โWhere were the auditors?โ That is the expectation gap we talk about โ the public expected the auditors had spotted every problem. We heard โWhere were the auditorsโ during the Enron collapse, the Madoff scandals, and even the Lehman Brothers inquiry.By being aware of those who depend upon the Accountancy Boards and working to protect the public and letting them know what our licensees are doing, we help to close that expectation gap. Communication among the Boards, the CPAs and the public is key to keeping State Accountancy Boards relevant.
SPEAKER 1- Be familiar with Boardโs org, controls and policies: This is important because as a Board member, you are the face of the Board. If you do not buy into the philosophy used by Board ED and staff (or at least be aware of it) to impose discipline, and to deal with the stakeholders, there is a risk that they may be handling things in a manner that you do not agree with. Learn what the Boardโs internal processes are and how claims are dealt with (i.e., Can the ED dispose of a claim without input from a Board member? Once it is deemed to be a case, how much involvement does a consulting Board member have? How transparent are the Boardโs policies regarding discipline? Etc.). It is ultimately your responsibility as a Board member to oversee all of the Boardโs activities.Ex Parte Communications: Ex Parte Communications are off-the-record communications with one of the parties to a proceeding. For obvious reasons, these can get your Board into trouble as these are legal matters.Direct Inquiries to Board Staff: There is a delicate balance between being helpful to your friend or colleague who approaches you and overstepping your bounds in your role as a Board member โ learn to provide helpful tips such as showing them how to navigate the website, Board rules, policies and/or give them the contact info of the correct person who can help them at the Board office. If you, as a Board member, try to give them โthe answerโ, there is a risk that the CPA could think that this is authoritative, and what if your answer is not correct or if they misunderstand you?NASBA exists to increase the effectiveness of State Boards of Accountancy. If your Board needs help, either contact your Regional Director to get information or to the name of the person at NASBA who can be of assistance -- or just call NASBAโs chair.
SPEAKER 2- This slide attempts to clarify some NASBA lingo. NASBAโs โmembersโ are the 55 Boards of Accountancy. The present members of a State Board of Accountancy are the people we call NASBA โdelegatesโ and the former members of State Accountancy Boards we call โassociates.โ Although NASBA only has 55 members, collectively it is the largest regulatory body of licensed accountants in the world, regulating approximately 650,000 accountants.
SPEAKER 1 โ To get legislation passed, it is critical to show regulators that accountancy boards and accountancy societies concur. Legislators do not like to differentiate between squabbling accountants. Now since accountancy Boards put the publicโs interest first and the professional societies must be advocates for their membersโ interests, coming to mutually agreed upon action is not always easy to achieve. NASBA strives to smooth the negotiation process by working cooperatively with the AICPA on several important projects including: the Uniform Accountancy Act, the International Qualifications Appraisal Board, the Uniform CPA Examination, Standards for CPE Sponsors โ and beginning in August of this year the administration of the Uniform CPA Examination abroad.
SPEAKER 1 โ The Uniform Accountancy Act is a model act on which states can pattern their laws. While each state may tailor the UAA to match its own existing laws, this gives them a common base. The basic requirements for entering the profession, as set out in the UAA, are the foundation for determining the โsubstantial equivalencyโ among the states that enables CPAs to have practice privileges across state lines.
SPEAKER 2 โ The Uniform Accountancy Actโs requirements also form the basis for the mutual recognition agreements (MRAs) that the NASBA/AICPA International Qualifications Appraisal Board (or IQAB) develops with foreign professional bodies. As shown, there are now agreements with professional associations in five countries: Australia, Canada, Ireland, Mexico and New Zealand.An agreement with the Hong Kong Institute of CPAs is currently under development and hopefully will be completed soon. After these agreements are signed by the Boards of Directors of the partner organization, NASBA and AICPA, the State Boards are encouraged to adopt them to apply to foreign professionals who seek practice privileges in their borders. Under these agreements, the foreign professionals are allowed to prove their competence to practice by passing the International Qualifications Examination (IQEX), in place of the Uniform CPA Examination. IQEX tests those areas of practice which are peculiar to the US, not all the areas the CPA Examination covers.
SPEAKER 1 โ Youโll be hearing about the Uniform CPA Examination on Thursday afternoon. Up until April 2004 this was a high quality professional examination in a paper and pencil format. Then in 2004 it was converted to a computer-based test (as we say the CBT). The American Institute of CPAs prepares and grades the Uniform CPA Exam, Prometric provides the testing sites for the Exam, and NASBA maintains the Gateway system for the candidatesโ records. Working to make sure the examination addresses the Boardsโ concerns, NASBA has the CPA Examination and Administration Committee which confers with the Board of Examiners.
SPEAKER 2 โ Auditing the Uniform CPA Examination on behalf of all the Boards is the Examination Review Board (the ERB). On Thursday ERB Chair Wes Johnson will tell us if, based on the ERBโs work, the State Boards can continue to rely on the Examinationโs preparation, delivery and grading. Judging by their written report, it appears we can.
SPEAKER 1 โ The revised โStatement on Standards for CPE Programsโ were unveiled at NASBAโs CPE Conference in March. Ted Lodden, chair of the CPE Advisory Committee, and NASBAโs Central Regional Director, headed up that effort. The new standards are meant to ensure high quality programs are being offered to the Accountancy Boardsโ licensees.
SPEAKER 2 โ Please accept our apologies in advance for slipping into acronyms too frequently. But you will see a tab in your meeting binder that will help you decode all the acronyms you hear. Does anyone have an acronym to add to the list in the binder? Please let us know.So welcome to the world of SOX, IFRS and BOE!
SPEAKER 1 โ We ask you always to remember that NASBAโS goal is to increase the effectiveness of State Boards of Accountancy.Any questions?(TAKE QUESTIONS)Weโll next explore an โOverview of NASBAโ with NASBA President David Costello.
WEST: Speaker 1 โ Laurie Speaker 2 โ Karen EAST: Speaker 1 โ Ken Speaker 2 โ Kim
WEST: Speaker 1 โ Laurie Speaker 2 โ Karen EAST: Speaker 1 โ Ken Speaker 2 โ Kim
Speaker 1 โ Lodden - West / Glover โ EastSpeaker 2 โ Gray - West / Chickering - East
SPEAKER 1 โ NASBA was started more than 100 years ago by people like those in this room. They were 17 examiners from ten state boards, at a time when there were only 16 accountancy boards in the country with a total of 55 board members. Their matters of โmutual interestโ were very much those of today โ the 3 Eโs of education, examination and experience. But the concerns of todayโs boards go beyond those of the boards a century ago.
SPEAKER 2 โ Legislators tend to see all accountants (be they regulators, educators or practicing professionals) as a single group, and consequently working out differences before legislation goes to elected officials is ideal, though not always easy to achieve. Mobility legislation has now passed in 47 States and that was because the societies and boards worked together in those states to overcome concerns and focus on the benefits of โno registration, no fees, no escape,โ to enable cross border mobility while at the same time maintaining state board authority. Education legislation has been tricky and continues to be debated, as mentioned earlier. The states can agree on requiring 150 hours of education for licensing, but how many hours must a candidate have before he or she takes the examination? In the Northeast all the states have said candidates only need 120 hours to take the Uniform CPA Examination, but 150 hours to earn their certificate. Then there is the question of what those 150 hours should contain, which has been an ongoing discussion. The California Board has been studying this issue carefully and we expect their conclusions will be out soon.
SPEAKER 2 โ Letโs go around the room here and see how much your Board can influence legislation. How may here sit on an Accountancy Board that can hire a lobbyist? (ASK EACH NEW BOARD MEMBER) How many can provide information to legislators? (GO AROUND THE ROOM AGAIN) While the number of Boards that can actually go out and hire a lobbyist is small, the number that can provide information to legislators, generally through their executive director, is large. How about rules: Does your Board need to go to the Legislature to have your rules approved? (GO AROUND THE ROOM AGAIN) When your Board wants to get a message out to the public, what do you do? (ONCE MORE GO AROUND THE ROOM ASKING). NASBA has a Communications Committee, chaired by Jeff Chickering, our Northeast Regional Director, and they are urging every Board to select a Communications Officer who will interact with that Committee and share ideas for effectively reaching the public. See Tom Kenny for details about getting involved in this outreach effort.
SPEAKER 1 โ There are many ways in which NASBA helps the voice of the State Boards to be heard by legislators, the public and the profession. When a State Board is threatened with being merged under an umbrella organization, NASBA is ready to send its speakers and provide information to support the Board. Linda Biek, our director of government affairs, who I mentioned before, is the one to contact โ or contact one of us, your Regional Directors. We have set up helpful information on the NASBA Web site that covers issues such as public records act requests, establishing a semi-independent Accountancy Board, and testimony on behalf of the Boardโs continuing function. Your Boardโs Executive Director has access to the site and can share the information with your Board. Exposure drafts from various professional and governmental groups are being released throughout the year. NASBAโs Regulatory Response Committee and Ethics and Strategic Professional Issues Committee are always on the alert for these drafts to see how they might impact accountancy regulation. If there is a regulatory aspect, these committees will respond to make sure the State Boardsโ role is not ignored.
SPEAKER 2 โ Headlines describing financial crises are where we donโt like to see the State Boards, or their licensees. But it happens -- and Board members should stay aware of what is happening to CPAs in their locale and around the country as well as to the profession throughout the world.
SPEAKER 2 - I donโt know how many of you do the crossword puzzle in the daily newspaper. If you do, you have probably noticed that three-letter answer to the question โTax expertโ is usually โCPA.โ The public frequently thinks of tax preparers as CPAs, and the IRS is now in the process of implementing its program in to regulate the unlicensed tax preparers. When this program was announced at the end of 2009, a press release went out from H&R Block praising the new plan and saying their industry needed such oversight. This resulted in the Wall Street Journal commenting that H&R Block favored the plan as a way of getting rid of their competitors. One can only imagine if H&R Block had come out opposed to the plan, the same commentators might well have accused the company of being afraid to be held up to meeting standards. Which illustrates the difficulty of working with the press. You never know how much of what you say will be quoted, or misquoted, and for what purpose.
SPEAKER 1 โ International Financial Reporting Standards (or IFRS) are making headlines frequently, with elected officials being quoted as either urging quick adoption of those standards in the U.S., or cautioning against jumping into anything when the US has GAAP well established. Give two different reporters the same speech, and the conclusions they draw from that presentation can be vastly different. With financial problems throughout the world, including in countries that have adopted IFRS, schemes are being spotted. Bernie Madoff managed to make news a couple of years ago and other cases continue to be uncovered throughout the country. Everyone now knows what a โPonzi schemeโ is and several accounting boards are now dealing with CPAs who became involved in such a scheme. When CPAs are involved, the State Boards open investigations that may lead to disciplinary action. What about when scandals occur in foreign markets and international firm names are involved? Those cases are making their way through the courts now too. In April 2011 the SEC sanctioned five India-based affiliates of PWC that formerly served as independent auditors for Satyam Computer Services Limited for repeatedly conducting deficient audits of the companyโs financial statements and enabling a massive accounting fraud to go undetected for several years.
SPEAKER 2 โ The Accountancy Board needs to recognize the value of transparency, while at the same time respecting confidentiality and due process. Headlines can lead to the opening of investigations โ but that is only the beginning of a process of careful consideration. While the public can say, โAll I know is what I read in the papers,โ it is the Accountancy Board membersโ obligation to know more when it comes to our licensees. Now letโs get back to Act II of the โNot Quite Masterpiece Theater.โ
WEST: Speaker 1 โ Laurie Speaker 2 โ Karen EAST: Speaker 1 โ Ken Speaker 2 โ Kim
WEST: Speaker 1 โ Laurie Speaker 2 โ Karen EAST: Speaker 1 โ Ken Speaker 2 โ Kim