American Institute of CPAs (AICPA) Chair Tommye Barie, CPA, was a guest speaker at the 107th annual meeting of the National Association of State Boards of Accountancy (NASBA) on November 3 in Washington, D.C.
Barie’s presentation focused on how the AICPA and NASBA successfully work together to advance the interests of the accountancy profession.
“The AICPA’s close relationship with NASBA, with lines of communication that are always open, has allowed us to collaborate on solutions to the most pressing issues facing CPAs,” she said. “Working together, with the help of individual state boards of accountancy, state CPA societies, individual CPAs, and accounting firms of all sizes, we have taken some impressive steps.”
Barie highlighted the groups’ joint work on the 7th edition of the Uniform Accountancy Act (UAA), emphasizing how the updated UAA closes a loophole in the previous definition of attest and permits CPA firm mobility for attest services. She also discussed how the AICPA and NASBA plan to work together to encourage universal adoption of the AICPA Code of Professional Conduct, create the next version of the CPA exam, maintain excellence in peer review, and modernize the profession’s recruitment efforts and learning models.
“We are two separate organizations, sometimes with different approaches and different ideas, but we are able to accomplish great things,” Barie said. “Underlying our efforts is a united commitment to achieving results – results that help the profession and our clients, while also protecting the public interest.”