NASBA AICPA Uniform Accountancy Act Committee Meeting

Issue Resources

International Pathway

• Proposed Amendments to UAA Section 6
• Comment Letters and Summaries

Exam Model Rules

• Proposed Rules Changes Related to the CPA Exam
• Comment Letters and Summaries
• Comment Letter - Addendum

Technical Changes

• Non-substantive Changes
• SSARS 21

Inactive/Retired CPA Status

• Inactive/Retired Exposure Draft
• Comment Letters and Summaries
• Comment Letters and Summaries - Addendum
• Comments Letters and Summaries - Addendum 2

Tasks Forces

Peer Review

The role of the Peer Review Task Force is to review and make recommendations to the UAA Committee on updating the UAA and the Model Rules related to Peer Review. The peer review sections of the UAA and Model Rules have not been reviewed in many years and are in need of updating to reflect current practice and administration of peer review processes. In conducting its review, the Task Force will consider recommendations from the AICPA Peer Review Team and NASBA’s Compliance Assurance Committee.  

• Recommendations from the Compliance Assurance Committee
• AICPA Peer Review Team Explanation for Suggestions Memo
• AICPA Peer Review Team Recommendations for the UAA
• AICPA Peer Review Team Recommendations for Model Rules

Continuing Professional Education (CPE) Model Rules

In April 2015, the AICPA and NASBA issued an Exposure Draft on proposed revisions to the Statements on Standards for Continuing Professional Education (CPE) programs. The Standards provide a framework for the development, presentation, measurement, and reporting of CPE programs.

In order to maintain consistency with the Standards, which are an Appendix to the UAA, the CPE provisions in the UAA Model Rules will need to be amended to reflect the changes that are being proposed to the Standards.

The role of the UAA CPE Model Rules Task Force will be to review recommendations made by the NASBA CPE Committee to amend the Model Rules based on the proposed changes to the CPE Standards and to analyze the Model Rules to determine if other changes related to CPE are necessary. The Task Force will then recommend any proposed changes to the Model Rules to the full UAA Committee for consideration.

• Recommended Draft Model Rule for CPE Requirements
• Exposure Draft: Statement on Standards for CPE Programs

Uniform CPA Exam

In early 2015, the AICPA Board of Examiners launched a practice analysis, a comprehensive research project to make meaningful changes to the Uniform CPA Examination. Valuable information was collected through focus groups, interviews, meetings with CPAs from across the profession, and an invitation to comment. Based on the information received, the AICPA has developed changes to the proposed content of the Examination that will be announced later this year and included in the CPA Examination in 2017.
 
In addition to changes to the content of the Examination, the NASBA CBT Administration Committee and the AICPA Examination Team have also proposed changes to the administration of the Exam, which need to be reflected in the UAA Model Rules. It will be the responsibility of the Model Examination Rules Task Force to review those recommendations and how they would fit into the Model Rules. The Task Force will then make a timely recommendation to the full UAA Committee for consideration.

• Proposed Rules Changes Related to the CPA Exam

Education

NASBA has identified education as being an area that has been changing and is due for review. Competency-based education, accreditation, course delivery methods, and being able to compare educational credentials have been identified as areas of concern. The role of the Education Task Force will be to review and analyze recommendations from the NASBA Education Committee as well as the AICPA to determine if changes to the UAA and the Model Rules are required and, if so, to make recommendations to the full UAA Committee for consideration.