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House Bill 363

Actions | Amendments

Last Action	signed by Governor (Acts, ch. 107)
Title	AN ACT relating to accountancy.
Bill Documents	Bill
Bill Request Number	1580
Sponsors	R. Palumbo, L. Belcher, C. Harris, C. Howard, J. Miller, D. Schamore, R. Smart
Summary of Original Version	Amend KRS 325.261 to eliminate experience gained from teaching accounting courses to satisfy the one year experience requirement; clarify the five year expiration period for exam scores; amend KRS 325.270 to eliminate adding an administrative regulation for reinstating exam scores; amend KRS 325.220 to include a new service under the definition of "attest service"; establish "report" as a new definition; amend KRS 325.280 to allow applicants in good standing from foreign countries to be issued licenses to practice without taking an exam if the authority that licensed the applicant in the foreign country already regulates the issuance of reports; amend KRS 325.301 to include a new exception for firms that aren't required to obtain a license to practice in the state; to remove "financial statements" as an item that requires a signature by applicants who are responsible for signing or authorizing others to sign reports on behalf of the firm; amend KRS 325.380 to prohibit those who do not hold a CPA license from using language conventionally used by licensees on any attest services.
Index Headings of Original Version	Licensing - Accountants, requirements for Occupations and Professions - Certified public accountants, restrictions for Small Business - CPA firms not required to obtain a license, new exception for Accountants - Applicants from foreign countries, licensure for Corporations - Certified public accountants, requirements for
Proposed Amendments	House Committee Substitute 1
Votes	Vote History

Actions

Top | Amendments

02/09/15	introduced in House
02/10/15	to Licensing & Occupations (H)
02/11/15	posted in committee
02/25/15	reported favorably, 1st reading, to Consent Calendar with Committee Substitute
02/26/15	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Monday, March 2, 2015 taken from the Consent Orders of the Day, placed in the Regular Orders of the Day for Friday, February 27, 2015
03/02/15	3rd reading, passed 93-0 with Committee Substitute received in Senate
03/03/15	to Licensing, Occupations, & Administrative Regulations (S)
03/09/15	taken from Licensing, Occupations, & Administrative Regulations (S) 1st reading returned to Licensing, Occupations, & Administrative Regulations (S)
03/10/15	reported favorably, 2nd reading, to Rules as a Consent Bill
03/11/15	posted for passage in the Consent Orders of the Day for Wednesday, March 11, 2015 passed over and retained in the Consent Orders of the Day
03/23/15	3rd reading, passed 37-0
03/24/15	received in House enrolled, signed by each presiding officer delivered to Governor
04/01/15	signed by Governor (Acts, ch. 107)

Proposed Amendments

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Amendment	House Committee Substitute 1
Summary	Amend to give the State Board of Accountancy the authority to promulgate administrative regulations to define terms that are not included in this Act; amend the definition section; enable nonlicensees to use safe harbor language in regards to a compilation of financial information.
Index Headings	Licensing - Accountants, requirements for Occupations and Professions - Certified public accountants, restrictions for Small Business - CPA firms not required to obtain a license, new exception for Accountants - Applicants from foreign countries, licensure for Corporations - Certified public accountants, requirements for

Last updated: 1/16/2019 3:10 PM (EST)