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NASBA regional update: private equity, alternative practice structures and uneven CPA exam pass rates draw board attention
Summary
NASBA treasurer and board member Andy Bonner briefed the board on NASBA’s work on alternative practice structures, a private equity task force, plans for a white paper, changes to CPA exam pass rates across sections, and NASBA technology initiatives.
NASBA treasurer and Tennessee board member Andy Bonner gave a detailed report on the NASBA regional meeting, highlighting work on private equity and alternative practice structures, disparities in CPA exam pass rates, and NASBA technology and licensure tools.
Bonner said NASBA formed a task force to evaluate private equity ownership arrangements and alternative practice structures (APS). He said the task force is drafting a white paper for state boards that will describe risks and potential regulatory…
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