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AICPA, NASBA Form Coalition to Protect Licensing Standards

The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have helped found the Alliance for Responsible Professional Licensing (ARPL), a new coalition of advanced professions focused on educating policymakers and the public about the importance of

VBOA/NASBA CPE Audit Tracker Service Frequently Asked Questions

UPDATE: As of Aug. 6, 2019, courses taken with the VSCPA are syncing properly and should be reflected in the tracker. We are also aware of issues with duplicate events in the tracker and are working on a solution with NASBA. In May, the Virginia Board of Accountancy (VBOA), in conjunction with the

A Brief Exercise to Spur Innovation on Your Team

Your business needs it, you ask employees for it, you incent them to deliver it, but in the end, do you really get it? I’m talking about innovation. When the Conference Board queried CEOs in 2018, it found that one of their most important concerns was “creating new business models to adapt to

VBOA Completes Transition to Uniform License Expiration Date

All Virginia CPA licensees are on the same renewal cycle. Last year, the Virginia Board of Accountancy (VBOA) began transitioning to a uniform license expiration date of June 30. As of now, all individual and firm licenses expire that day each year, with renewal available at least 90 days before

NASBA, AICPA Propose Revisions to CPE Standards

The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) proposed for public comment revisions to the Statement on Standards for Continuing Professional Education Programs, including adding adaptive learning for self-study programs. The standards

GASB Issues Proposed Implementation Guide on Leases

The Governmental Accounting Standards Board (GASB) has issued a proposed Implementation Guide (PDF) that contains questions and answers about the GASB’s new standards on accounting and financial reporting for leases. The Exposure Draft proposes answers to questions about GASB Statement No. 87 ,

New Law Forces Accounting Firms to Disclose Investigations

The U.S. Defense Department (DoD) will soon force accounting firms it hires to disclose investigations they face, a requirement that chips away at federal protections that have long helped keep flawed audits of public companies under wraps. The directive was slipped without notice into last August’s

NASBA Proposes Peer Review Changes

The National Association of State Boards of Accountancy (NASBA) is proposing changes to the Uniform Accountancy Act (UAA) Model Rules related to peer review programs. The UAA is a nonbinding model designed to provide best practices for state laws and regulations related to the accounting profession.

Intermediate 2 Accounting Revenue Recognition Papers

Intermediate 2 Accounting Papers In the fall semester in 2014, students in Intermediate 2 Accounting, a Virginia Tech course taught by John Brozovsky, Ph.D., researched how changes in revenue recognition will affect various industries. Click the links below to view the students' research.