AGENDA

South Dakota Board of Accountancy Meeting

Conference Call 9:00-12:00(CST)

August 3, 2006

A=Action

D=Discussion

I=Information Page #’s

Nominating Committee………………………………………………………………………. Oratory

A-Approval of Minutes of Meeting June 29, 2006 ………………………………………….. 1-4

A-Approval of Certificates and Firm Permits………………………………………………… 5-6

A-Financial Statements through June 30, 2006….…………………………………………… 7-20

A-FY2008 Budget Proposal……………………………………………….…………………… 21-24

D-Report to Board on Online Licensing/Renewals………………………………………….. 25-29

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

A-Investigative Issues…………………………………………………………………………… Spt. Pkt.

A-Reciprocal Certificate………………………………………………………………………… Spt. Pkt.

NASBA Issues

I-FASB & AICPA Issue Proposal to Improve Financial Reporting for Private Companies…... 30-31

D/I-Financial Accounting Series Invitation to Comment……………………………………… 32-47

I-GAO Proposes changes to GAGAS ………………………….…………………………….. 48-54

I-BOE Board Meeting Minutes June 2-3, 2006………………………………………………. 55-56

PCAOB

I-Four Point Plan to Improve Implementation of Internal Control Reporting Requirements… 57-58

PEER REVIEW

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

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

FUTURE MEETING DATES

September 18, 2006 Department of Legislative Audit 427 S. Chapelle Pierre, SD 57501