VSCPA Supports Washington, D.C., Mobility LegislationAugust 29, 2008 Michael J. Cobb Re: Practice Mobility Dear Mr. Cobb: On behalf of the 8,300 members of the Virginia Society of CPAs (VSCPA), I am writing to request the addition of practice mobility provisions to the laws and regulations governing the practice of public accountancy in the District of Columbia. This change is vital to both the CPA profession and our business clients. The District is a vibrant participant in the international economy, and there are many CPAs in Virginia who have clients and business interactions in the District on a daily basis. Because the new speed of commerce does not revere state or even international boundaries, our members are able to have clients with business interests in virtually every state and many countries. The public uses CPAs as trusted advisors to manage issues related to financial interests. Introduction of practice mobility provisions would help the public at large by eliminating the barriers that currently keep District CPAs from being considered equivalent to those in other jurisdictions. It would also remove barriers that face out-of-state CPAs representing their own clients’ business interests in the District. The CPA profession operates under national professional standards and uses a rigorous nationally standardized entrance exam. The District can rely on the quality and consistency of CPAs across state lines, as well as the quality of regulators overseeing the profession nationwide. In 1999, Virginia was a pioneer in practice mobility by passing sections of the Uniform Accountancy Act that enabled the CPA profession to thrive and best serve Virginia’s citizens. Virginia is currently rated the No. 1 state to do business by Forbes.com, and we believe this is due, in part, to a robust and mobile CPA community. CPA regulators in the majority of jurisdictions are now showing commitment to enact provisions in their laws that are similar to Virginia’s. We believe this approach will assist business and continue consumer protection. Thank you for considering this important issue. I have included a copy of the VSCPA’s statement on mobility for your use in considering this important initiative. If there is anything additional we can do to assist you, please feel free to contact us. If you have any questions or concerns, please contact me or VSCPA Government Affairs Director Emily Walker at (800) 733-8272. Thank you again for your consideration. Sincerely, Gregory F. Lawson, CPA cc: AICPA, GWSCPA, MACPA, The Accountants Coalition Encl. LAST UPDATED 8/28/2008
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