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Nebraska Board of Public Accountancy

The Board is responsible for licensing and regulating Certified Public Accountants (CPAs) and Public Accountants (PAs) in Nebraska.

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STATISTICAL SUMMARY OF REPORTS REVIEWED
FOR THE 2012 REVIEW PERIOD

       Report Type

Type 1

Type 2

Type 3

Type 4

Totals

 

 

 

 

 

 

AUDITS

4

8

2

2

16

 

 

 

 

 

 

REVIEWS

1

12

9

0

22

 

 

 

 

 

 

COMPILATIONS

20

19

14

3

56

 

 

 

 

 

 

TOTALS

25

39

25

5

94

DNI’S (DID NOT ISSUE ANY REPORTS) = 90

Exemptions granted per practice unit = 72

STATISTICAL SUMMARY OF REPORTS REVIEWED
FOR THE 2010 REVIEW PERIOD

       Report Type

Type 1

Type 2

Type 3

Type 4

Totals

 

 

 

 

 

 

AUDITS 2 5 7 6 20

 

 

 

 

 

 

REVIEWS 1 10 6 3 20

 

 

 

 

 

 

COMPILATIONS 17 14 8 10 49

 

 

 

 

 

 

TOTALS 20 29 21 19 89

 

 

 

 

 

 


DNIíS (DID NOT ISSUE ANY REPORTS)
per practice unit (office) = 65

Exemptions granted per practice unit (office) = 65


GENERAL INFORMATION ABOUT THE QEP PROGRAM

HISTORICAL STATISTICS

The Most Common Problems on 2012 Reports

  1. Open tax year disclosure missing or incomplete
  2. Compilation reports wording not in accordance with SSARS 19
  3. Wording problems in audit GAS reports
  4. OCBOA financial statements using incorrect report wording and/or statement headings.
  5. Fair Value Disclosures

The Most Common Problems on 2011 Reports

The committee determined the following five issues were the most common problems:

    1. Compilation reports wording not in accordance with SSARS 19
    2. Subsequent events disclosures missing or incomplete
    3. For the years beginning other December 15, 2008, disclosure needs to include a description of tax years that remain subject to examination by major tax jurisdictions.
    4. OCBOA financial statements using incorrect report wording and/or statement headings.
    5. Use of outdated GASB and A133 report wording – not using SAS 115 and 117 wording.

 

An email/mailing will be sent to all permit holders alerting them to the most common errors. 


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QEP REPORTING FORMS QEP PROCEDURES
PRE-ISSUANCE REVIEW GUIDELINES
QEP REVIEW RATINGS GUIDELINES
SUGGESTED MINIMUM RESOURCES LIBRARY
This is a list of recommended resources that practitioners preparing Audits, Reviews and Compilations should have on hand. This list is not all-inclusive and should be adapted to your practice unit depending on the kind of work it does.
If you have additional questions please contact our office at (402)471-3595 or Toll Free at 1-800-564-6111(Nebraska Only)or Contact Us.