2020 Boards and Commissions

Nebraska State Board of Public Accountancy Educational Advisory Committee

General Information

Formal Name:Nebraska State Board of Public Accountancy Educational Advisory Committee
Contact Person:Dan Sweetwood, Executive Director
Purpose:(2) The advisory committee shall meet at the direction of the board and shall advise the board upon the rules and regulations for section 1-116 relating to educational requirements. The board may also consult the advisory committee on any other issues which it deems appropriate
How Many Affectable:Candidates planning on taking the Uniform CPA Examination
How Many Served:300 (Est) Candidates per year
Year Created:1991
Year Active:1991
Sunset Date:NA

Authorization

Authorization Citation:Neb. Rev. Stat. 1-113
Parent Agency:Nebraska State Board of Public Accountancy

Memberships and Meetings

Number Of Members:15
Who Appoints:Nebraska State Board of Public Accountancy
Legislative Approval:No
Qualifications Of Members:(1) The board shall appoint an advisory committee consisting of at least seven members. A majority of the members shall be appointed as representatives of the postsecondary educational institutions of Nebraska engaged in the instruction of accounting and auditing, including the University of Nebraska, the Nebraska state colleges, and private universities and colleges. One member of the advisory committee shall be a certified public accountant who is a member of the board.
Per Diem:$100 per meeting only for active State Board Members
Expense Reimbursement:Only for active State Board Members
Term Length:None
Terms Rotate or Expire At Once:Terms Rotate

Meetings Required In:

Required FY 17-18:None
Held FY 17-18:1
Required FY 18-19:None
Held FY 18-19:1 EAC Meeting 1-Task Force Meeting made of EAC members
Required FY 19-20:None
Held FY 19-20:1

Operations

Support Staff:2
Shared or Separate:Shared
FY 17-18 Budget:$438,085
FY 18-19 Budget:$420,830
FY 19-20 Budget:$423,948
Other Funding Sources:No General Fund. Cash Funded by permits & registrants
Spending Authority:Public Accountancy Act, Neb Rev Stat. 1-111

Accomplishments

Since July 1, 2016:The Nebraska State Board of Public Accountancy requested the Education Advisory Committee (EAC) to review and provide recommendations on several matters over the last four years. This includes continued review of the Uniform CPA Examination specifically review of periodic practice analysiss conducted by the Board of Examiners. Additionally, continued review and updates by the Boards third party examination NASBA CPA Exam Services (CPAES) to ensure candidates are being processed properly. Other specific areas reviewed by the EAC on behalf of the Board include:-Review of the ability to sit for the examination before reaching the required 150 hour education requirement. Based on the review and recommendation of the EAC, the Board agreed to expand the ability to sit before reaching the 150 education requirement from 90 days to 120 days. This targeted those students finishing their last semester within a Masters Program.-After a Task Force of educators made of up of EAC members made recommendations regarding changes to the educational requirements within NAC Title 288Chapter 9, the EAC and the Board agreed to several changes to modernize the requirements with the goal of assisting candidates in passing the examination.