ABO recap: Ohio CPA Foundation benefits from continued ABO support

By Laura Hay, CPA, CAE, OSCPA executive vice president 

The Accountancy Board of Ohio met Sept. 14 in a virtual format to review matters of licensing, regulating, and – when necessary – disciplining CPAs. 

Here are highlights from the September meeting: 

  • Guest Colleen Conrad, CPA, EVP and COO of the National Association of State Boards of Accountancy (NASBA) discussed how the administration of the CPA exam has pivoted in response to COVID-19. Test centers opened in May with social distancing. We are 2½ months into continuous testing. NASBA is looking at potential backup solutions for emergency situations only for the future that preserve fairness and commonality of the testing experience. 
  • The CPA Evolution framework for the future of CPA licensure was approved by both AICPA and NASBA boards after receiving significant feedback. A new CPA Examination is expected in January 2024. 
  • Model licensure rules have been exposed by NASBA for comment.
  • Guest Bob Fay, CPA, presented on behalf of The Ohio CPA Foundation the outcomes of virtual diversity, equity & inclusion student programming in 2020. The ABO approved renewal of a $50,000 grant for student diversity programs.
  • A trend of more inactive CPAs converting back to active permit status had continued.
  • A public hearing was held for failure to complete firm registration requirements, including peer review. The CPA firm’s registration was revoked, but the revocation was stayed pending the payment of a $1,000 fine, firm registration fees and late fees, and completion of three hours of professional standards and responsibilities.
  • A disciplinary hearing was held for a CPA’s failure to return client records. The CPA firm’s registration was revoked. 

A disciplinary hearing was held for failing to respond to a CPE audit verification. The CPA’s certificate was revoked.