Synopsis As Introduced Amends the Illinois Public Accounting Act. Provides for expiration and renewal of certified public accounting certificates. Provides grounds for discipline for a holder of a certified public accounting certificate. In provisions concerning certificates issued under prior laws, provides that the certificates shall be valid and in force, unless suspended or revoked under the disciplinary provisions. In the definition of "certified public accountant" and in titling provisions, provides that a certificate must be current, registered, and unrevoked. Provides that the Board of Examiners shall report annually on its activities. Provides that, on and after July 1, 2004, applicants are required to pass an examination on the rules of professional conduct before they may be awarded a certificate as a certified public accountant. Provides that the files of the Board relating to the investigation of possible instances of professional misconduct or any other ground for discipline shall be confidential and not subject to disclosure at the request of any person, except upon the order of a court in a pending action or proceeding or in certain other instances. Provides that at least 4 continuing education hours shall be courses covering the subject of professional ethics. Provides that the files of the Board relating to the investigation of possible instances of professional misconduct or any other ground for discipline shall be confidential and not subject to disclosure at the request of any person, except upon the order of a court in a pending action or proceeding or in certain other instances. Makes other changes. Effective immediately.
Replaces everything after the enacting clause with the bill as introduced with the following change. Provides that licensees and certificate holders shall be responsible for notifying the Department of the determination by the court that the licensee is subject to involuntary admission or judicial admission as provided in the Mental Health and Developmental Disabilities Code and shall also notify the Department upon discharge so that a determination may be made whether the licensee may resume practice.
Replaces everything after the enacting clause. Amends the Illinois Public Accounting Act. Provides for issuance of certificates as certified public accountant by the Board of Examiners and licenses as licensed certified public accountants and registration as registered certified accountants by the Department of Professional Regulation. Makes conforming changes throughout the Act. Creates the Public Accountant Registration Committee. Makes changes in provisions concerning definitions, qualifications of certified public accountants, the Board of Examiners, examinations, practicing as a licensed certified public accountant, transitional provisions, certification of out-of-state accountants, foreign accountants, the licensure requirement, civil penalties, temporary practice, the powers and duties of the regulating body, exemptions, application for licensure, qualifications for licensure, licensure by endorsement, requirements for firms, expiration and renewal of licenses, renewal of certifications, continuing education, fees, restoration of a license, inactive status, hearings, grounds for discipline, investigations, attendance of witnesses as disciplinary hearings, transcripts, rehearing, hearing officers, reports of hearing officers, prima facie proof, rules, criminal penalties, unlawful practice, and the Registered Certified Public Accountants' Administration and Disciplinary Fund. Adds provisions concerning prohibited practices. Provides criminal penalties for improper influence on the conduct of audits and misleading behavior. Makes other changes. Most provisions effective July 1, 2004.