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Board discusses NASBA meeting takeaways: lower CPA exam scores and private equity oversight
Summary
Members reported outcomes from recent NASBA meetings, noting lower CPA exam scores under a new exam format and NASBA's formation of a task force on private equity issues affecting the profession.
Board members summarized takeaways from the recent NASBA meetings. Lyons said regional directors and the full NASBA board met and that two items stood out for the board: emerging issues with private equity and that CPA exam scores are lower under the new exam format.
Martin and other board members said NASBA is forming a task force to examine private equity matters that affect the accountancy profession and the oversight role of state boards. Members also noted lower exam pass rates since the updated exam format and discussed monitoring emerging consequences for candidate readiness and licensure pathways.
The board did not take formal action on these topics but said it will continue to monitor NASBA work and national conversations that may require state-level responses.
