TXCPA Protects the Value of the CPA License
We derive great power from being the state’s largest association of CPAs and finance professionals. It means we have resources like no other to stand watch over the requirements and value of the CPA license. It gives us the strongest voice for the profession at the legislature, the Texas State Board of Public Accountancy, and among educators preparing the next generation of CPAs. It positions us as the leading advocate for CPAs in Texas.
- Protect the CPA and the public from unqualified individuals practicing accounting.
- Ensure that qualified CPAs are appointed and serve on the Texas State Board of Public Accountancy, the state's CPA regulator.
- Protect the CPA from attacks by the legal profession on CPA tax practice.
- Protect the profession from well-intentioned but ill-informed efforts to consolidate CPA regulation under a generic oversight agency without CPAs on the governing regulatory body.
- Protect the CPA from the risk of state legislators and regulators establishing professional standards at odds with national accounting and auditing standards and practice.
- Protect the CPA from the risk of unintended consequences, i.e. legislation intended to solve one problem but that inadvertently creates another for CPAs.
- Have a CPA seat at the tax legislation table.
- Ensure that the profession continues by participating in the sunset process which requires the profession’s underlying legislation to be re-enacted every 12 years. Without the authorizing legislation, there is no CPA profession.
- Legislators listen to their friends and constituents. Making political contributions via the TXCPA PAC is a vital part of making friends with legislators. It is one leg of the three legged support with the other two being key person relationships between CPAs and legislators and staff/professional lobby resources. It takes all three. When
any one leg is missing, the program topples.
- Have a seat at the state tax regulation table by maintaining good relationships with the State Comptroller of Public Accounts, an elected official.
- Successful completion of the Sunset Review process means that the
licensed CPA profession in Texas will continue unabated.
- State Board of Accountancy Appointments - The governor appoints Texas State Board of Public Accountancy members. Good relationships with the governor means he or she listens to our state board appointment recommendations.
- The lieutenant governor presides over the Texas Senate. When our CPA mobility legislation was stuck in a senate committee, we made an appeal to the lieutenant governor and he got it moving for us. Good relationships with the lieutenant governor are
very valuable during the legislative session.
- Legislators – Good relationships with legislators is the core of our legislative program and effectiveness.
- When we need to pass legislation, such as CPA mobility or modernization of the accountancy statute to keep up with professional standards, we need good relationships with legislators to author and sponsor the legislation and with
legislators that chair and serve on the key committees through which such legislation needs to pass.
- When we oppose legislation or need amendments to legislation we need good relationships with specific legislators who have authored such legislation in the case on needed amendments or with committee chairs in the event we are trying to kill legislation. We never know in advance which legislators might be needed, so we must maintain good relationships with many legislators.
- Sunset Review of the Texas State Board of Public
Accountancy (TSBPA) and the Texas Public Accountancy Act (TPAA) was the number one issue for TXCPA during the 2019 Texas Legislative session. Our top priority was to assure a successful completion of the Sunset Review process and the reauthorization
of TSBPA and the TPAA so the licensed profession in Texas will continue unabated.
- When lawyers were trying to limit oil land men from doing some things the lawyers considered the practice of law, the proposed wording would have also limited CPAs tax practice. Because of good relationships with the bill sponsor,
TXCPA got it fixed so CPAs were not included.
- CPAs are not subject to privacy legislation, i.e., they don’t have to have privacy policies nor send clients privacy notices because we knew the bill sponsor and TXCPA convinced him to exclude CPAs.
- When legislation was proposed that would require CPAs that did fraud investigations to also hold a private investigators license, because we knew the sponsor TXCPA got an exemption for CPAs from the requirement.
- When legislation was proposed that would water down CPA standards, through interaction with a committee chair and support from other legislators, TXCPA was able to ensure that the legislation was never voted from committee.
- When legislation was proposed that would allow non-CPAs an avenue to provide service currently restricted to CPAs, through interaction with House Calendar Committee members TXCPA was able to delay the legislation so it died in the
committee, never reaching the floor for a vote.
- When legislation was offered to exempt Texas governments from GAAP, through interaction with the bill sponsor and others TXCPA was able to get the legislation amended to avoid governments from being mandated GAAP non-compliance.