State of Illinois
91^st General Assembly
Public Acts

Public Act 91-0779

HB4280 Enrolled                                LRB9111059ACmg

    AN ACT to amend the Illinois Public Accounting Act.

    Be it enacted by the People of  the  State  of  Illinois,
represented in the General Assembly:

    Section 5.  The Illinois Public Accounting Act is amended
by changing Sections 5 and 14.2 as follows:

    (225 ILCS 450/5) (from Ch. 111, par. 5506)
    Sec. 5. Certification of out-of-State accountants.
    (a)  The  Board  may  issue  a certificate as a certified
public accountant, without examination, to any applicant  who
holds  a  valid  unrevoked  certificate as a certified public
accountant issued under  the  laws  of  any  other  state  or
territory  of  the United States or the District of Columbia,
provided:
         (1)  that the state that issued the certificate  has
    certification  requirements  that have been determined by
    the  Board  to  be  substantially   equivalent   to   the
    certification requirements of Illinois and grants similar
    rights  to  those  that  Illinois  grants  to certificate
    holders;
         (2)  that the state that issued the certificate  has
    certification requirements that the Board Department has
    determined  not  to  be  substantially  equivalent to the
    certification requirements of Illinois or does not  grant
    similar  rights  to Illinois certificate holders, but the
    Board determines that the individual applicant  possesses
    personal   qualifications   substantially  equivalent  to
    Illinois' certification requirements; or
         (3)  that  the  applicant  does  not  qualify  under
    subsections  (1)  or  (2)  above,   but   the   following
    conditions are met:
              (A)  the   certificate   was   granted  to  the
         applicant on the  basis  of  the  Uniform  Certified
         Public Accountant examination; and
              (B)  the   educational  qualifications  of  the
         applicant for a certificate,  at  the  time  of  the
         written   examination,   were   equivalent   to  the
         educational   qualifications   then   required    of
         applicants for admission to the Illinois examination
         for  certified  public  accountant or, the applicant
         has, after passing the examination upon which his or
         her certificate was based, not less than 5 years  of
         experience  in  the  practice  of  public accounting
         within  the  10  years  immediately  preceding  this
         application,   otherwise    reasonably    considered
         acceptable by the Board.
    (b)  In  determining  the  substantial equivalency of the
requirements for  certification  or  the  rights  granted  to
certificate  holders  pursuant to this Section, the Board may
rely on the  determinations  of  the  National  Qualification
Appraisal Service of the National Association of State Boards
of  Accountancy or any other qualification appraisal service,
as it deems appropriate.
(Source: P.A. 91-508, eff. 8-13-99.)

    (225 ILCS 450/14.2)
    Sec. 14.2.  Licensure by endorsement.
    (a)  The Department shall issue a  license  as  a  public
accountant  to  any  applicant  who  holds a certificate as a
certified public accountant issued by the Board and who holds
a valid unrevoked license or permit to practice as  a  public
accountant  issued  under  the  laws  of  any  other state or
territory of the United States or the District  of  Columbia,
provided:
         (1)  the  individual  applicant is determined by the
    Department    to    possess    personal    qualifications
    substantially  equivalent   to   this   State's   current
    licensing requirements;
         (2)  at  the  time the applicant received his or her
    current  valid  and  unrevoked  license  or  permit,  the
    applicant    possessed    qualifications    substantially
    equivalent to the qualifications for  licensure  then  in
    effect in this State; or
         (3)  the    applicant   has,   after   passing   the
    examination upon which his or her license or other permit
    to  practice  was  based,  not  less  than  4  years   of
    experience  in  the  practice of public accounting within
    the 10 years immediately before the application.
    (b)  In determining the substantial  equivalency  of  any
state's   requirements   to   Illinois'   requirements,   the
Department  may  rely  on  the determinations of the National
Qualification Appraisal Service of the  National  Association
of  State  Boards  of Accountancy or such other qualification
appraisal service as it deems appropriate.
(Source: P.A. 91-508, eff. 8-13-99.)

    Section 99.  Effective date.  This Act takes effect  upon
becoming law.