February 3, 2025

Big Picture of the Profession – Understanding Accounting Governance

By: Center For Accounting Transformation / podcast
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Experts unpack state and national interactions.

State societies are often recognized for offering continuing professional education (CPE) for CPAs, but their influence runs much deeper. Byron Patrick, CPA.CITP, CGMA, highlights how state accounting associations advocate for CPA interests at the state level and foster professional communities tailored to specific roles, such as technology or nonprofit work.

On the other hand, state boards of accountancy govern CPA licensing and enforce related laws. Liz Mason, CPA, the CEO of High Rock Accounting recalls navigating Nevada’s stringent 150-hour rule, demonstrating how state legislation directly affects licensure processes.

The National Framework: AICPA and NASBA
The AICPA serves as a national hub, providing guidance and setting standards for CPAs across the U.S. It collaborates with state societies to promote professional mobility and influence national legislation. Meanwhile, NASBA (National Association of State Boards of Accountancy) acts as a unifying body for state boards, streamlining CPA licensing standards through the Uniform Accountancy Act.

Why Get Involved?
Donny Shimamoto, CPA.CITP, CGMA, founder and managing director of IntrapriseTechKnowlogies LLC and founder and inspiration architect for the Center for Accounting Transformation, and Patrick, CEO of VERIFYiQ and co-founder of TB Academy, stress the career-boosting benefits of engaging with these organizations. From networking to contributing to national committees, involvement opens doors to mentorship and leadership opportunities.

Looking Ahead
The episode underscores the importance of understanding these governing bodies, advocating for informed participation, and navigating the future of a self-regulating profession. Watch it now!

 

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