NASBA Appoints Walter C. Davenport as 2014–15 Chair

Newly Elected Chair Calls for NASBA and Boards of Accountancy to Embrace the Future The National Association of State Boards of Accountancy (NASBA) is pleased to announce Walter C. Davenport, CPA, of Raleigh, N.C., as chair of its 2014-15 Board of Directors. Davenport, along with a slate of newly elected board members, was installed into […]

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NCACPA Responds to EAQ Discussion Paper

In response to the AICPA’s discussion paper on enhancing audit quality (EAQ), your Association submitted two communications. The issue was thoroughly discussed by the Board of Directors at its October 30 meeting, and a portion of the agenda was focused on NCACPA’s response. Feedback was also solicited from both the Accounting & Attestation Committee and […]

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NC Accounting Students Need Your Vote to Win

North Carolina State University’s (NCSU) own GoodWolf Counting team made it to the semi-finals in the 2014 AICPA Accounting Competition, allowing students a chance to win one of three top prizes of $10,000 and a trip to Washington, DC, by showcasing their managerial talents in accounting. Their submissions are online for public voting and the […]

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Revised AICPA Code of Professional Conduct Is Effective December 15, 2014

The Code of Professional Conduct has been completely updated to allow for quick, easy navigation and now lives on a dynamic online platform. Please familiarize yourself with the new Code—The AICPA Ethics Division has created implementation tools, including a mapping document to help you transition to the new Code by the December 15 effective date.

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FASB Focusing on Simplification

Financial Accounting Standards Board Chairman Russell Golden explained that reducing complexity and cost—while retaining the relevance of financial reporting to users—will remain a focus of FASB in the coming years. Read this Journal of Accountancy article for additional coverage of Golden’s presentation to the AICPA governing Council.

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AICPA Council Approves New Not-for-Profit Section; Broadens Section Membership Requirements

The AICPA governing Council voted to establish a not-for-profit section to support members working within, or supporting clients within, this fast-growing business sector. The resolution allows for professionals who have management or governance responsibilities with respect to an organization that meets the definition of an industry-specific membership section of the AICPA to join that section […]

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Council Members Hear Updates on Issues Affecting the CPA Profession

During the recent AICPA Fall Council Meeting, updates were provided on several important issues to the CPA profession. Arleen Thomas, CPA, CGMA, AICPA Senior Vice President—Management Accounting and Global Markets, highlighted important milestones leading to 2015 for the Chartered Global Management Accountant designation. In a separate presentation, she and others explored the evolution of the […]

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Tommye E. Barie, CPA, Elected as Chair of AICPA Board of Directors

On October 21, Tommye E. Barie, CPA, became the AICPA’s chair of the board of directors for a one-year term ending October 2015. Her inaugural speech, Relevance, Rigor and Reach: Building from the Core, focuses on how the CPA’s foundation contributes to the sustainability, strength, and agility of the profession. Barie compared guiding the profession’s […]

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