Accounting boards across the country, including the Oklahoma Accountancy Board, play a major role in society. As a public accountant, one should always be aware of their state’s accountancy board and what their responsibilities entail.
To highlight how unique and significant these organizations are, we will explore two accounting bodies in Texas and Oklahoma.
The Oklahoma Accountancy Board
Recreated in 1992 by the Legislature following the first accountancy law in 1917, the Oklahoma Accountancy Board protects the public interest by continually assessing the competencies of public accountants and public accounting firms in the state of Oklahoma.
The board is relatively small and consists of five certified public accountants and one public accountant, all of whom are confirmed by the Oklahoma State Senate.
The board takes on many important responsibilities. These include monitoring and regulating compliance of CPAs, PAs, and public accounting firms, investigating administrative or disciplinary complaints, overseeing continuing education standards, and administering the National Uniform CPA examination.
However, perhaps most importantly, they have the ability to draft new laws that can impact public accountants and accounting firms across the state of Oklahoma.
The Texas State Board of Public Accountancy
Another accounting board, which oversees a state that is a short distance away on the map, is the Texas State Board of Public Accountancy (TSBPA). The Texas board consists of a much larger membership than the Oklahoma Accountancy Board, with a total of fifteen board members.
It shares many of the same responsibilities as the Oklahoma Accountancy Board; both accounting boards have a reputation for working to maintain public accounting standards in both of their respective states.
Both the Oklahoma Accountancy Board and the TSBPA have worked to maintain a transparent image within their communities. While similar, perhaps a critical difference between both is the level of resources they provide on their respective websites.
In Oklahoma, the board’s website provides several online services, ranging from renewing one’s CPA license to registering for an exam, to filing a complaint with an online form.
The TSBPA maintains a large active following on their Twitter and Facebook page, through which they post relevant information and news regarding their recent activities.
Staying Informed
It is interesting to compare these two organizations that hold such critical positions in their respective states. As one can see, both accounting boards share many of the same responsibilities and tackle the same issues.
As a public accountant or public accounting firm in Oklahoma, it is important to keep up to date with any new information posted by Oklahoma Accountancy Board. This ensures that you or your firm is aware of any new regulations or rules that may be passed, which could have a slight, or significant, impact on your business.
Have you heard any important news regarding public accounting regulations in Oklahoma? What about new information on the Oklahoma Accountancy Board? Let us know your thoughts in the Comments box below.
If you own or manage a CPA firm in Oklahoma, and you’re looking to stay up to date on the latest technology, be sure to download your free copy of the Information Technology Guide for Oklahoma City CPAs.
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