CPA Warns Against Nevada Senate Bill 78
As a respected certified public accountant (CPA) and CEO of the Nevada Society of CPAs, Anna Durst is sounding the alarm about Senate Bill 78, currently under consideration by the Nevada Legislature. In a recent opinion piece, Durst highlights the potential negative impact of the bill on the state’s financial integrity and public protection.
SB78 aims to reform the structure of the Nevada Board of Accountancy by centralizing functions that are currently handled efficiently and effectively by dedicated board staff. Durst argues that this consolidation would compromise the board’s ability to license new CPAs quickly, address technical questions, and keep renewal fees low – all while protecting the public through regulatory oversight.
Furthermore, Durst points out that the bill’s emphasis on increasing the number of public members on the board could undermine the specialized knowledge and expertise that CPAs bring to the table when addressing complex technical issues.
In conclusion, Durst calls for a more targeted approach to board reform, suggesting that increased funding for oversight and compliance monitoring could achieve the desired transparency without jeopardizing the essential functions of the Nevada Board of Accountancy. She warns that SB78, in its current form, is a one-size-fits-all solution that fails to understand the unique needs of professions like accounting.
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