Agenda

South Dakota Board of Accountancy Meeting

Western Dakota Technical Institute - Conference Room A

Rapid City, SD 57501

October 6, 2006

 

A=Action

D=Discussion

I=Information Page #’s

A-Approval of Minutes of Meeting August 3, 2006………………………………………….. 1-2

A-Approval of Certificates and Firm Permits………………………………………………..…. 3-4

A-Financial Statements through August 31, 2006….……………………………………….… 5-22

10:00 A.M. Public Hearing to Amend Rules…………………………………………………… Spt. Pkt.

A-Computers to State System………………………………………………………………….. Oratory

A-Report to Board on Lapsed Licenses….………………………………………….………… 23-27

A-Investigative Issues/Actions…..…………………………………………………….……… 28-30

D-Personnel Issues……………………………………………………………………………… D

AICPA

I-Uniform CPA Examination Practice Analysis Announcement…………………………..… 31-32

I-New Candidate Diagnostic Score Report……………………………………………….….... 33-46

I-Auditing Standards Board – CBT Pronouncement……………………………………….... 47-48

I-AICPA Names 2005 Elijah Watt Sells Award Winners…………………………………..... 49-50

NASBA Issues

I-Quarterly Communications…………………………………………………………….. …...... 51-52

I-Highlights & Minutes of Board of Directors Meeting…………………………………...… 53-66

A-Regional Director’s Focus Questions & Response………….…………………………..... 67-68

I-SEC Issues & State Board’s Response……. ……………………………………………….. 69-89

I-State Adoption of Mutual Recognition Agreements…………………………………...….. 90-91

D-BYLAWS Draft from committee………………………………………………………..…..... 91-110

I-NASBA Quick poll: Cross Border Discipline……………………………………………....... 111-112

A-Education Committee Questionnaire………………………………………………………... 113-120

D-UAA Exposure Drafts – Framework for Revision Rules 5-1 & 5-2……………………..... 121-126

I-2005 Annual report on the CPA Examination Review Board Management……………… 127-152

PCAOB

I-Staff Audit Practice Alert No. 1…………………………………………………………….….153-162

I-Testimony by Mark W. Olson, Chairman PCAOB, before the committee on Banking, Housing

and Urban Affairs……………………………………………………………………………….... 163-172

PEER REVIEW

Equivalent Reviews for Board Approval……………………………………………………… Spt. Pkt.

Follow Up Reviews……………………………………………………………………………….Spt. Pkt.

FUTURE MEETING DATES