The AICPA and the National Association of State Boards of Accountancy (NASBA) have issued for public comment amended language to the Uniform Accountancy Act's (UAA) definition of attest and for permitting firm mobility.
Definition of Attest
This action is a response to evolving concerns about protecting the public interest. The proposal would amend the definition of attest so that engagements performed under the AICPA’s Statement on Standards on Attestation Engagements (SSAE) could only be performed by licensed CPAs operating within a CPA firm licensed in the United States. Currently, the only SSAE included in the UAA definition of attest is examinations of prospective financial information. The exposure draft can he found here. Interested parties have 90 days to provide written comments on the new language by emailing their comments to email@example.com. Comments must be received by October 17, 2013.
CPA Firm Mobility
This concept exempts out-of-state firms from registration requirements and fees when providing attest services, while ensuring that they are subject to accountancy laws and regulations in both the state in which they are providing services and the state in which they have a physical presence. The exposure draft can he found here. Interested parties have 90 days to provide written comments on the new language by emailing their comments to UAAFirmMobility@aicpa.org. Comments must be received by January 31, 2014.