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- Subject Index: Since 1995
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2007 SESSION
SB 1395 Public Accountancy; revises and makes several amendments to public accounting statute.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Public Accountancy. Provides a comprehensive update of the public accountancy statute including: (i) implementing a principles-based approach to licensure, (ii) setting out requirements and standards for issuing an individual and a firm license, for obtaining a license through renewal or reinstatement, and for the lifting of a suspension, (iii) clarifying the consequences of having privileges revoked, and (iv) clarifying the standards of conduct and practice for the profession. The bill also facilitates mobility between states while clarifying that all persons and firms using the CPA title in Virginia or providing services to persons and entities located in Virginia are subject to the same accountancy statutes and regulations whether or not they are required to hold a Virginia license. In addition the bill authorizes the Board of Accountancy to enter into confidential consent agreements for minor violations. The bill requires the Board of Accountacy to adopt regulations concerning under what conditions confidential consent agreements will be offered. The bill contains technical amendments.
FULL TEXT
- 01/19/07 Senate: Presented and ordered printed 071502824 pdf | impact statement
- 01/29/07 Senate: Printed as engrossed 071502824-E pdf | impact statement
- 03/08/07 Senate: Bill text as passed Senate and House (SB1395ER) pdf | impact statement
- 04/10/07 Governor: Acts of Assembly Chapter text (CHAP0804) pdf
AMENDMENTS
HISTORY
- 01/19/07 Senate: Presented and ordered printed 071502824
- 01/19/07 Senate: Referred to Committee on General Laws and Technology
- 01/24/07 Senate: Reported from General Laws and Technology with amendment (14-Y 0-N)
- 01/26/07 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/26/07 Senate: VOTE: (38-Y 0-N)
- 01/29/07 Senate: Read second time
- 01/29/07 Senate: Reading of amendment waived
- 01/29/07 Senate: Committee amendment agreed to
- 01/29/07 Senate: Engrossed by Senate as amended SB1395E
- 01/29/07 Senate: Printed as engrossed 071502824-E
- 01/30/07 Senate: Read third time and passed Senate (40-Y 0-N)
- 01/30/07 Senate: VOTE: (40-Y 0-N)
- 01/30/07 Senate: Communicated to House
- 02/03/07 House: Placed on Calendar
- 02/03/07 House: Read first time
- 02/03/07 House: Referred to Committee on General Laws
- 02/05/07 House: Assigned GL sub: #4 Prof./Occup./Admin. (Cosgrove)
- 02/15/07 House: Reported from General Laws with amendment (22-Y 0-N)
- 02/19/07 House: Read second time
- 02/20/07 House: Read third time
- 02/20/07 House: Committee amendment agreed to
- 02/20/07 House: Engrossed by House as amended
- 02/20/07 House: Passed House with amendment BLOCK VOTE (99-Y 0-N)
- 02/20/07 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/22/07 Senate: House amendment agreed to by Senate (40-Y 0-N)
- 02/22/07 Senate: VOTE: (40-Y 0-N)
- 03/08/07 Senate: Enrolled
- 03/08/07 Senate: Bill text as passed Senate and House (SB1395ER)
- 03/08/07 House: Signed by Speaker
- 03/11/07 Senate: Signed by President
- 03/23/07 Governor: Approved by Governor-Chapter 804 (effective 7/1/07)
- 04/10/07 Governor: Acts of Assembly Chapter text (CHAP0804)