AICPA and NASBA Release New UAA to Protect the Public Interest States Move to Implement Attest Language
The CPA Advocate: June, 2014. The AICPA is strongly committed to working with state CPA societies, NASBA and state boards of accountancy to see definition of attest legislation passed as soon as possible in all U.S. states and jurisdictions that don’t have language similar to the new UAA language.
Published on June 24, 2014
SEC Adopts Rule Exempting CPA Services from Municipal Adviser Registration
The CPA Advocate: October, 2013. Many CPA services are excluded from the activities that would require registration as a municipal adviser under new rules approved by the U.S. Securities and Exchange Commission.
Published on October 16, 2013
The AICPA generally supports the SEC’s proposed rules as a means to strengthen investor protections in the municipal securities market. The AICPA is concerned, however, because the proposed rule would require that accountants performing customary and usual accounting services would be required to register as municipal advisors.
Published on January 07, 2014
Federal Legislative and Regulatory Issues
This page highlights the advocacy issues in which the Congressional & Political Affairs Team is advocating on behalf of the profession, and also those issues that the team has recently followed.
Published on March 29, 2013
AICPA Comments on IAASBs Proposals to Improve Auditor Reporting
The CPA Advocate: October, 2012. The AICPA’s Auditing Standards Board supported a broad-based approach to improving the transparency and relevance of financial reporting that involves financial reporting standard setters, management, and those charged with governance, as well as auditors.
Published on October 17, 2012
States Updating Attest Language to Protect the Public Interest
The CPA Advocate: March, 2014. An attest bill supported by the Alabama Society of CPAs was signed into law March 18 in Alabama, and bills in Indiana and Georgia are awaiting gubernatorial approval.
Published on March 27, 2014
History of the 7th Edition of the UAA
In May 2014, the AICPA and National Association of State Boards of Accountancy (NASBA) released the 7th edition of the Uniform Accountancy Act (UAA). The UAA is an "evergreen" model licensing law developed to provide a uniform approach to regulation of
Published on May 27, 2014
House Passes AICPA-Backed Bill to Narrow Definition of Municipal Advisor
The CPA Advocate: September, 2012. CPAs who provide "customary and usual" accounting services would be excluded from the definition of "municipal advisor" under the provisions of H.R. 2827, which is strongly supported by the AICPA.
Published on September 20, 2012
AICPA Monitoring PCAOB Forums for Auditors of Smaller Broker-Dealers
The CPA Advocate: August, 2012. The AICPA continues to advocate for a final PCAOB rule requiring inspections of auditors of clearing, carrying and custodial broker-dealers because these broker-dealers directly handle investor funds.
Published on September 19, 2012
Definition of Attest and Patent Trolls Top List of 2014 State Legislative Issues
The CPA Advocate: August, 2014. The AICPA is developing a summary of the issues important to the accounting profession that were in play during 2014; the summary will be available this fall.
Published on August 21, 2014