State Boards Developing Nationwide Licensee Database For CPAs

Preliminary plans for a database that will quickly validate the current licensing status of certified public accountants throughout the country were unveiled at the 96th Annual Meeting of the National Association of State Boards of Accountancy.

This new project comes just as NASBA is in the final stages of developing a certified public accountant candidate information database, for the exclusive use of the computer-based CPA examination to be launched in April 2004.

Technical expertise harnessed for the examination project will be assigned to the licensee database project, which has long been recommended by state accountancy board representatives.

In addition, the licensee database will provide an efficient means for independent auditors of companies listed with the Securities and Exchange Commission to validate state licensing information needed for registration with the Public Company Accounting Oversight Board.

Representatives from 50 state boards of accountancy attending the Annual Meeting were urged by NASBA President and CEO David A. Costello to join forces to expedite the project. "Advances in technology, along with NASBA's strength in providing IT solutions, make this a particularly appropriate time to implement this important project," Mr. Costello said.

President Costello noted, "NASBA and its member boards are uniquely positioned to develop the licensee database. This project can benefit not only state boards, but also individual licensees and accounting firms who share NASBA's commitment to reducing barriers to interstate practice. With state board and private cooperation, we can have a licensee database that will enhance confidence in the quality of licensees practicing within the 54 jurisdictions."

NASBA Chair David A. Vaudt, CPA, stated in his inaugural address on October 28: "Remember, no one can practice public accountancy in the United States unless licensed by one of our state boards of accountancy. While the PCAOB and the SEC can prohibit a CPA from providing services to SEC registrants, only state boards can protect the public by revoking the license of a CPA to provide services to any party. Our relationship with the PCAOB is strong, and we were so fortunate to have PCAOB member Kayla Gillan as our keynote speaker at this year's Annual Meeting. The close cooperation and working relationship among the PCAOB, NASBA and state boards will result in the strongest of regulatory efforts."

November 2004 is the anticipated launch date for the new licensee database, with user panels scheduled to begin in December 2003. State boards of accountancy license approximately 570,000 certified public accountants in the 50 states, District of Columbia, Guam, Puerto Rico and the Virgin Islands.

Web site:

You may like these other stories...

By Jason Bramwell When CPA Barry MacQuarrie started the SocialCPAs Social Media Survey in 2010, he said social networking was still relatively new to the accounting profession. The self-proclaimed "social media...
By Jason Bramwell In an effort to address the increased demand for comprehensive and intensive training on eXtensible Business Reporting Language (XBRL), the American Institute of CPAs (AICPA) and XBRL US Inc., the not-...
By Lauren Prosser, Director of ProfitCents Professional Services, Sageworks Staffing is among the top management issues facing CPA firms, according to a recent survey by Sageworks, a financial information company. That...

Already a member? log in here.

Upcoming CPE Webinars

Sep 18
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.