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Oklahoma Accountancy Board In This Issue It’s Time to Brag!!!..........................................................................................1 Employment Status - Retired...or Not?...................................................2 Board Meeting Held on Local Campus..................................................2 Board Recognizes Employees for Continued Service.......................2 Spring New CPA Recognition Ceremony..............................................3 Congratulations to Randy Ross, CPA!.....................................................4 EBSA Issues Report on EBP Auditors......................................................5 Candidate’s Corner........................................................................................6 July 2015 It’s Time to Brag!!! BULLETIN As the regulatory agency for our profession, we are charged not only with compliance issues of the accounting profession, but also with administering the annual registration of our Certified Public Accountants (CPAs) and Public Accountants (PAs). In that regard, you are the Oklahoma Accountancy Board’s (OAB) customers! The OAB strives to make it easier for you to register and maintain compliance with the Board. One measurement we use to track compliance issues is to count the number of registrants who, for whatever reason, have allowed their certificate and permit (if applicable) to lapse or revoke by failing to register. Prior to 2013, the number of lapsed registrants exceeded 100 people each month, while the number of revoked registrants exceeded 25. Therefore, the Accountancy Board instituted multiple reminders to registrants in order to reduce lapsed/revoked numbers, including courtesy emails, courtesy phone calls, and sending the reminder magnets to each registrant. The results are in. The number of lapsed registrants has been reduced to less than 30 per month and the number of revoked registrants has shrunk by two-thirds. What does this mean for you? When a registrant goes into a lapsed or revoked status, they incur late fees, reinstatement fees, and may be required to purchase and take the AICPA Comprehensive Ethics course. By reducing this number, the OAB has left nearly $1 million in the pockets of our registrants. This is real money that our registrants have not had to pay because they forgot to file or did not file timely. The above figu re does not count the inconvenience or aggravation factor when forgetting to complete your registration or completing it late. The Board believes the reminder efforts have been successful and the statistics prove it. Your Board is working for you! Randall A. Ross, CPA Executive Director
Object Description
Okla State Agency |
Accountancy Board, Oklahoma |
Okla Agency Code |
'020' |
Title | Oklahoma Accountancy Board bulletin, 07/2015 |
Authors |
Oklahoma Accountancy Board. |
Publication Date | 2015-07 |
Publication type | Newsletter |
OkDocs Class# | A300.6 B936 07/2015 |
For all issues click |
A300.6 B936 |
Digital Format | PDF, Adobe Reader required |
Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
Language | English |
Month/year uploaded | August 2016 |
Date created | 2016-08-02 |
Date modified | 2016-08-02 |
Description
Title | Page 1 |
Full text | Oklahoma Accountancy Board In This Issue It’s Time to Brag!!!..........................................................................................1 Employment Status - Retired...or Not?...................................................2 Board Meeting Held on Local Campus..................................................2 Board Recognizes Employees for Continued Service.......................2 Spring New CPA Recognition Ceremony..............................................3 Congratulations to Randy Ross, CPA!.....................................................4 EBSA Issues Report on EBP Auditors......................................................5 Candidate’s Corner........................................................................................6 July 2015 It’s Time to Brag!!! BULLETIN As the regulatory agency for our profession, we are charged not only with compliance issues of the accounting profession, but also with administering the annual registration of our Certified Public Accountants (CPAs) and Public Accountants (PAs). In that regard, you are the Oklahoma Accountancy Board’s (OAB) customers! The OAB strives to make it easier for you to register and maintain compliance with the Board. One measurement we use to track compliance issues is to count the number of registrants who, for whatever reason, have allowed their certificate and permit (if applicable) to lapse or revoke by failing to register. Prior to 2013, the number of lapsed registrants exceeded 100 people each month, while the number of revoked registrants exceeded 25. Therefore, the Accountancy Board instituted multiple reminders to registrants in order to reduce lapsed/revoked numbers, including courtesy emails, courtesy phone calls, and sending the reminder magnets to each registrant. The results are in. The number of lapsed registrants has been reduced to less than 30 per month and the number of revoked registrants has shrunk by two-thirds. What does this mean for you? When a registrant goes into a lapsed or revoked status, they incur late fees, reinstatement fees, and may be required to purchase and take the AICPA Comprehensive Ethics course. By reducing this number, the OAB has left nearly $1 million in the pockets of our registrants. This is real money that our registrants have not had to pay because they forgot to file or did not file timely. The above figu re does not count the inconvenience or aggravation factor when forgetting to complete your registration or completing it late. The Board believes the reminder efforts have been successful and the statistics prove it. Your Board is working for you! Randall A. Ross, CPA Executive Director |
Date created | 2016-08-02 |
Date modified | 2016-08-02 |