UAA MODEL RULES

1
UAA MODEL RULES

• Update on Education

Lorraine P. Sachs, Executive Vice
President National Association of State Board of
Accountancy Accounting Educators Conference,
November 9-10, 2007
2
Timeline

• March 2006 Draft Framework
• Fall 2006 Survey State Boards
• Spring 2007 Joint Panel on Education
• June 2007 NASBA Regional Meetings
• Fall 2007 Revised Exposure Draft to Rule 5-1 and
  Rule 5-2

3
Revisions to Rules

• Definitions
• Role of Accreditation
• Accounting Course Component
• Business Course Component

4
Revisions to Rules

• Research and Analysis in Accounting
• Communications in Business or Accounting
• Independent Study and Internship
• Ethics

5
Summary

• Less Specificity About Courses
• Continued Emphasis on Behavioral Ethics in
  Education
• Continued Reliance on Accreditation
• Coordinate with CPA Examination Content

6
Summary

• Ease of Administration for Boards
• Flexibility for Education Process
• Importance of Uniform Adoption by States
• Responsibility of Profession and Educators to
  Study and Activate Change