Academic journal article Journal of Accountancy

New NASBA Chairman Seeks Better Communication

Academic journal article Journal of Accountancy

New NASBA Chairman Seeks Better Communication

Article excerpt

The National Association of State Boards of Accountancy elected Welling W. Fruehauf, chief executive officer of Fruehauf & Co. P.C., of Monroeville, Pennsylvania its 1994-95 chairman.

What does Fruehauf regard as the most important issues facing the association during his tenure? "Improving communications with accounting organizations and the state boards is NASBA's number-one goal for the coming year," he said. "We want to work very closely with our member boards and be very responsive to their needs."

Improved communications will enable NASBA to serve its member boards better in a number of areas, Fruehauf said. "For example, when they face challenges to their authority and find themselves in Litigation, as recently occurred in the Ibanez and IDS cases, we want them to contact us as soon as possible."

In the Ibanez case, the Florida State Board of Accountancy banned tax attorney Silvia S. Ibanez from using her CPA designation on business cards, stationary and telephone book listings. Ibanez sued the board and the case went to the U.S. Supreme Court, which ruled in her favor, calling the ban a violation of her freedom of commercial speech. In the IDS case, the Florida board had sought to prevent CPAs employed by IDS Tax and Business Services from preparing financial statements because IDS is not a licensed CPA firm. IDS sued the board and the two eventually reached a settlement that allows IDS and its employees to continue to prepare financial statements.

"We can help the boards with their responses to the courts, provide legal assistance and offer information or suggestions from other state boards," Fruehauf explained.

Accreditation of specialty designations is another area in which NASBA, will continue to be active. One of the organization's goals, Fruehauf said, is to "identify and develop standards to be used by member, boards in accepting a particular designation based on examination, experience, continuing professional education requirements and other areas to support the licensee's holding him- or herself out as an expert in that area. …

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