Question

To what extent do you believe the state board laws and educational requirement are effective in maintaining ethical practices among the state licensed CPAs? why?

Answer 1

State board of accountancy are created in the state statute to assist State government in the licensing and regulation of the public accounting profession.proffessional licensing and regulation is a state based regulatory system in the United States.within the United States and it's Territories,there are 55 licensing jurisdiction that provide regulatory oversight whenever cpa practicing within the statutorily defined scope of practice of public accountancy.

In general, members of state board of accountancy is appointed by the governor with input from the state saneate.often, professional membership organisation such as State cpa societies, provide the names of the prospective board members to the government officials for consideration for appointment .in some jurisdictions board members are appointed by the leader of an executive branch. Agency. The term will be 3-5 years.

State boards can be independent and semi autonomous in the governance structure.

Perhaps the most important role a state board plays is that of disiciplinarian.

Most boards hear disciplinary cases brought against a state license for substandard practice violation of the state code of ethics or for disciplinary sanctions brought in other federal or state jurisdictions.

Sanction can range from cease and desist orders to monetary fines and penalties ,to the revocation of a license to practice public accounting