AICPA/NASBA Joint Committee Proposal on State Mobility

IMPORTANT ANNOUNCEMENT ON STATE MOBILITY

For everyone who has clients outside of their home state, the proposal released on December 11, 2006, by the AICPA/NASBA Joint Committee on Mobility represents an important step in solving the out-of-state licensing issue.

Under the proposal, all notification requirements will be eliminated! State Boards will be given automatic jurisdiction over a CPA and the CPA firm employing them.

I urge everyone who has any interest in the out-of-state licensing issue to read the exposure draft. Comments are due by May 15, 2007. Before you get wrapped up in tax season, please take the time to help yourself and our profession bring this issue to a just conclusion. Go to: http://www.aicpa.org/download/states/UAA_Section_23_Exposure_Draft_2006.pdf

Most of you know I have been working on this issue for over two years now. We need your help now!

Meanwhile all of us who have out-of-state clients will have to navigate the landmines for at least another year. For the most up-to-date information on the current laws in each of the 50 states, you might want to access my excel spreadsheet on the rules for each state. www.artberkowitz.com/Licensing.xls

If you are interested in the history of this issue, continue reading the posts on this blog.

For those who also need CPE, each of my 2007 self-study courses has up-to-date information on the issue of out-of-state licensing. Visit my website at: www.artberkowitz.com and go to the self-study link for courses on accounting, fraud, and ethics.