HB2726ham001 98TH GENERAL ASSEMBLY

Rep. Robert Rita

Filed: 3/21/2013

09800HB2726ham001 LRB098 10780 MGM 42349 a

AMENDMENT TO HOUSE BILL 2726

AMENDMENT NO. ______. Amend House Bill 2726 on page 25, lines 10 through 11, by replacing "item (2) of subsection (b) of Section 14" with "paragraph (1) of Section 14.4 item (2) of subsection (b) of Section 14"; and

on page 37, line 2, by replacing "subsection (b) of Section 14" with "Section 14.4 subsection (b) of Section 14"; and

on page 44, line 21, by deleting "of"; and

on page 45, by replacing lines 3 through 26 with the following:

"(f) Any licensed CPA whose license is in inactive status may use the title "CPA (inactive)" if:

(1) he or she is not performing accountancy activities outlined in Section 8.05; or

(2) he or she is performing governance functions on a non-profit volunteer board using his or her accountancy skills and competencies and complies with the following requirements:

(A) he or she discloses to the non-profit volunteer board and respective committees that his or her license is on inactive status; and

(B) he or she is not serving as an audit committee financial expert as defined in Section 407 of the federal Sarbanes-Oxley Act of 2002."; and

on page 67, lines 2 and 3, by deleting "have 60 days after receiving the report to".