2002 Legislation
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HOUSE BILL NO. 485 – Accountants, licensure requirements

HOUSE BILL NO. 485

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Daily Data Tracking History



H0485...........................................................by BUSINESS
ACCOUNTANTS - LICENSURE - Amends, repeals and adds to existing law to
modify requirements for licensure under the Idaho Accountancy Act; to
revise provisions relating to the acceptance by licensees of commissions
and contingent fees and the use of certain titles or abbreviations; and to
provide for substantial equivalency.
                                                                        
01/24    House intro - 1st rdg - to printing
01/25    Rpt prt - to Bus
02/06    Rpt out - rec d/p - to 2nd rdg
02/07    2nd rdg - to 3rd rdg
02/11    3rd rdg - PASSED - 53-15-2
      AYES -- Aikele, Barraclough, Bedke, Bell, Black, Block, Bolz,
      Bradford, Bruneel, Callister, Campbell, Clark, Collins, Crow, Cuddy,
      Deal, Denney, Ellis, Ellsworth, Eskridge, Field(13), Field(20),
      Gagner, Gould, Hadley, Hammond, Harwood, Jones, Kellogg, Kunz, Lake,
      Langford, Mader, Meyer, Montgomery, Mortensen, Pischner, Pomeroy,
      Raybould, Robison, Sali, Schaefer, Sellman, Shepherd, Smith(33),
      Smith(23), Smylie, Stevenson, Stone, Tilman, Trail, Young, Mr.
      Speaker
      NAYS -- Barrett, Bieter, Boe, Henbest, Higgins, Hornbeck, Jaquet,
      Kendell, Loertscher, Martinez, McKague, Pearce, Roberts, Wheeler,
      Wood
      Absent and excused -- Moyle, Ridinger
    Floor Sponsor - Deal
    Title apvd - to Senate
02/12    Senate intro - 1st rdg - to Com/HuRes
03/06    Rpt out - rec d/p - to 2nd rdg
03/07    2nd rdg - to 3rd rdg
03/13    3rd rdg - PASSED - 30-2-3
      AYES -- Andreason, Boatright, Branch(Bartlett), Brandt, Burtenshaw,
      Darrington, Davis, Deide, Dunklin, Frasure, Geddes, Goedde, Hawkins,
      Hill, Ingram, Ipsen, Keough, King-Barrutia, Little, Lodge, Marley,
      Richardson, Risch, Sandy, Schroeder, Sims, Sorensen, Stegner, Thorne,
      Williams
      NAYS -- Noh, Wheeler
      Absent and excused -- Bunderson, Cameron, Stennett
    Floor Sponsor - Stegner
    Title apvd - to House
03/14    To enrol
03/15    Rpt enrol - Sp signed
    Pres signed
03/15    To Governor
03/19    Governor signed
         Session Law Chapter 92
         Effective: 07/01/02

Bill Text


                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-sixth Legislature                  Second Regular Session - 2002
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 485
                                                                        
                                   BY BUSINESS COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO THE IDAHO ACCOUNTANCY ACT; AMENDING SECTION 54-201, IDAHO CODE, TO
  3        PROVIDE CORRECT TERMINOLOGY;  AMENDING  SECTION  54-202,  IDAHO  CODE,  TO
  4        REVISE  LEGISLATIVE INTENT; AMENDING SECTION 54-203, IDAHO CODE, TO REVISE
  5        THE MEMBERSHIP OF THE BOARD OF ACCOUNTANCY; AMENDING SECTION 54-204, IDAHO
  6        CODE, TO REVISE THE RULEMAKING AUTHORITY AND OTHER POWERS  AND  DUTIES  OF
  7        THE  BOARD  OF ACCOUNTANCY; AMENDING SECTION 54-206, IDAHO CODE, TO REVISE
  8        DEFINITIONS AND TO MAKE TECHNICAL CORRECTIONS;  AMENDING  SECTION  54-207,
  9        IDAHO  CODE, TO PROVIDE FOR ADDITIONAL EDUCATIONAL REQUIREMENTS FOR LICEN-
 10        SURE AND TO PROVIDE THAT THE BOARD OF ACCOUNTANCY MAY ADOPT RULES RELATING
 11        TO EDUCATIONAL REQUIREMENTS;  AMENDING  SECTION  54-208,  IDAHO  CODE,  TO
 12        REVISE  THE  REQUIREMENTS FOR ADMISSION TO EXAMINATION, TO PROVIDE FOR THE
 13        CONDUCT OF EXAMINATIONS AND TO PROVIDE THAT A FEE MAY BE CHARGED FOR EXAM-
 14        INATIONS; AMENDING SECTION 54-209, IDAHO CODE, TO  REVISE  THE  EXPERIENCE
 15        REQUIRED  OF  APPLICANTS  FOR  LICENSURE;  AMENDING  SECTION 54-210, IDAHO
 16        CODE, TO REVISE CERTAIN REQUIREMENTS FOR LICENSURE BY RECIPROCITY  AND  TO
 17        PROVIDE  FOR  FOREIGN RECIPROCITY; AMENDING SECTION 54-211, IDAHO CODE, TO
 18        REVISE LICENSING FEES AND LICENSING PERIODS FOR ORIGINAL LICENSES AND  THE
 19        RENEWAL  OF  LICENSES, TO REVISE REQUIREMENTS FOR THE RENEWAL OF LICENSES,
 20        TO PROVIDE FOR REQUIREMENTS FOR INACTIVE AND  RETIRED  STATUS,  TO  REVISE
 21        FEES FOR REINSTATEMENT OF LICENSES, TO PROVIDE THAT APPLICANTS FOR INITIAL
 22        ISSUANCE  OR  REINSTATEMENT  OF LICENSES SHALL FILE AN APPLICATION LISTING
 23        ANY PAST DENIALS, REVOCATIONS OR SUSPENSIONS OF A CERTIFICATE, LICENSE  OR
 24        PERMIT  AND  TO PROVIDE A REFERENCE TO LICENSEES; AMENDING SECTION 54-212,
 25        IDAHO CODE, TO REVISE GENERAL FEES; AMENDING SECTION 54-213,  IDAHO  CODE,
 26        TO  PROVIDE THAT CERTAIN INDIVIDUALS LICENSED AS OF JULY 1, 2002, SHALL BE
 27        CONSIDERED LICENSEES; AMENDING  SECTION  54-214,  IDAHO  CODE,  TO  REMOVE
 28        REQUIREMENTS OF PRACTICE UNIT REGISTRATION AND QUALITY REVIEWS AND TO PRO-
 29        VIDE FOR FIRM REGISTRATION AND PEER REVIEWS; REPEALING SECTIONS 54-215 AND
 30        54-216,  IDAHO  CODE;  AMENDING SECTION 54-218, IDAHO CODE, TO PROVIDE FOR
 31        THE ACCEPTANCE OF COMMISSIONS AND CONTINGENT  FEES  UNDER  CERTAIN  CONDI-
 32        TIONS; AMENDING SECTION 54-219, IDAHO CODE, TO REVISE THE GROUNDS ON WHICH
 33        THE BOARD MAY PENALIZE LICENSEES AND HOLDERS OF CERTIFICATES AND TO MAKE A
 34        TECHNICAL  CORRECTION;  AMENDING  SECTION  54-220,  IDAHO  CODE, TO REVISE
 35        RESTRICTIONS ON THE USE OF CERTAIN TITLES, DESIGNATIONS  OR  ABBREVIATIONS
 36        RELATED  TO  ACCOUNTANCY;  AMENDING SECTION 54-221, IDAHO CODE, TO PROVIDE
 37        THAT ONLY LICENSEES SHALL ISSUE REPORTS ON FINANCIAL STATEMENTS  OR  OFFER
 38        TO RENDER OR RENDER ATTEST OR COMPILATION SERVICES, TO PROVIDE THAT LICEN-
 39        SEES AND INDIVIDUALS GRANTED PRIVILEGES SHALL PERFORM ATTEST SERVICES ONLY
 40        THROUGH CERTAIN BUSINESSES, TO PROVIDE THAT LICENSEES SHALL ISSUE COMPILA-
 41        TION  REPORTS  ONLY THROUGH CERTAIN BUSINESSES UNLESS SPECIFIED CONDITIONS
 42        ARE MET AND TO PROVIDE THAT LICENSEES AND FIRMS WHICH DO NOT ISSUE REPORTS
 43        MAY ISSUE FINANCIAL STATEMENTS ONLY IF SUCH STATEMENTS  INCLUDE  SPECIFIED
 44        DISCLAIMER  LANGUAGE;  AMENDING  CHAPTER  2,  TITLE 54, IDAHO CODE, BY THE
 45        ADDITION OF A NEW SECTION 54-227, IDAHO CODE, TO PROVIDE  FOR  SUBSTANTIAL
 46        EQUIVALENCY,  TO PROVIDE CONDITIONS FOR THE EXERCISE OF CERTAIN PRIVILEGES
                                                                        
                                           2
                                                                        
  1        BY LICENSEES OF OTHER STATES, TO PROVIDE THAT LICENSEES OF IDAHO WHO OFFER
  2        OR RENDER SERVICES OR USE THE CPA TITLE IN OTHER STATES SHALL  BE  SUBJECT
  3        TO DISCIPLINARY ACTION IN IDAHO AND TO PROVIDE THAT THE BOARD SHALL INVES-
  4        TIGATE COMPLAINTS MADE BY ACCOUNTANCY BOARDS OF OTHER STATES; AND AMENDING
  5        CHAPTER  2, TITLE 54, IDAHO CODE, BY THE ADDITION OF A NEW SECTION 54-228,
  6        IDAHO CODE, TO PROVIDE FOR SEVERABILITY.
                                                                        
  7    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  8        SECTION 1.  That Section 54-201, Idaho Code, be, and the  same  is  hereby
  9    amended to read as follows:
                                                                        
 10        54-201.  SHORT  TITLE. This act chapter shall be known and may be cited as
 11    "The Idaho Accountancy Act."
                                                                        
 12        SECTION 2.  That Section 54-202, Idaho Code, be, and the  same  is  hereby
 13    amended to read as follows:
                                                                        
 14        54-202.  LEGISLATIVE  INTENT. It is the policy of this state, and the pur-
 15    pose of this chapter, to promote the reliability of information that  is  used
 16    for  guidance in financial transactions or for accounting for or assessing the
 17    financial status or performance of commercial, noncommercial and  governmental
 18    enterprises. The public interest requires that persons professing special com-
 19    petence in accountancy or offering assurance as to the reliability or fairness
 20    of  presentation  of such information shall have demonstrated their qualifica-
 21    tions to do so, and that persons who have not demonstrated and maintained such
 22    qualifications shall not be permitted to hold themselves out as having special
 23    competence or to offer such assurance; that the professional conduct  of  per-
 24    sons  licensed as having special competence in accountancy be regulated in all
 25    aspects of the practice of public accountancy their professional work; that  a
 26    public  authority  competent to prescribe and assess the qualifications and to
 27    regulate the professional  conduct  of  practitioners  of  public  accountancy
 28    licensees  be established; and that the use of titles relating to the practice
 29    of public accountancy that are likely to mislead that have a capacity or  ten-
 30    dency  to  deceive  the  public  as to the status or competence of the persons
 31    using such titles be prohibited.
                                                                        
 32        SECTION 3.  That Section 54-203, Idaho Code, be, and the  same  is  hereby
 33    amended to read as follows:
                                                                        
 34        54-203.  BOARD CREATED -- MEMBERSHIP -- APPOINTMENT -- VACANCIES. There is
 35    hereby created in the department of self-governing agencies a board of accoun-
 36    tancy  in  and for the state of Idaho, to be known as the Idaho state board of
 37    accountancy. The board shall consist of seven (7) members, all of  whom  shall
 38    be  residents of this state, appointed by the governor, five (5) of whom shall
 39    hold current certified public accountant licenses issued  under  the  laws  of
 40    this state, one (1) who shall be either a licensed public accountant or certi-
 41    fied public accountant and one (1) who shall be a public member not engaged in
 42    the practice of public accounting licensed under this chapter, who has profes-
 43    sional or practical experience in the use of accounting services and financial
 44    statements.  Board  members  shall be appointed for terms of five (5) years to
 45    commence on the first day of September. The  existing  members  of  the  Idaho
 46    state  board of accountancy as previously appointed,  shall continue in office
 47    with their terms expiring on August 31 of each member's final year.  A  person
 48    who  is  either  a  licensed  public accountant or certified public accountant
                                                                        
                                           3
                                                                        
  1    shall fill a sixth position on the board whose first term shall  be  for  four
  2    (4) years beginning September 1, 1993. One (1) public member from the business
  3    community  shall  serve  as  the  seventh member of the board whose first term
  4    shall be for four (4) years beginning September 1, 1993. Whenever the term for
  5    a member of the board holding one (1) of the original five (5)  seats  on  the
  6    board  originally appointed from nominations of the Idaho society of certified
  7    public accountants expires or the position is becomes vacant  for  any  cause,
  8    the  Idaho society of certified public accountants shall nominate two (2) per-
  9    sons with qualifications to become a member of the board as herein  specified,
 10    for  each such vacancy. Whenever the term for a member holding the sixth posi-
 11    tion on the board shall expire originally appointed from  nominations  of  the
 12    Idaho  association  of  public  accountants  expires or becomes vacant for any
 13    cause, the Idaho association of public accountants shall nominate two (2) per-
 14    sons with qualifications to become a member of the board as herein  specified,
 15    for  each  such  vacancy.  Nominations  shall be forwarded to the governor who
 16    shall appoint from such nominees the requisite number of persons to be members
 17    of the board to fill such vacancy or vacancies. Whenever the term  for  a  the
 18    public  member  holding  the  seventh  position  on the board shall expires or
 19    becomes vacant for any cause, the governor shall appoint a nonlicensed  person
 20    to  become  a member of the board without receiving official nominees from any
 21    source. Vacancies occurring during the term shall be filled by appointment  by
 22    the  governor for the unexpired term. Upon expiration of the term of office, a
 23    member shall continue to serve until a successor shall have been appointed and
 24    shall have qualified.
                                                                        
 25        SECTION 4.  That Section 54-204, Idaho Code, be, and the  same  is  hereby
 26    amended to read as follows:
                                                                        
 27        54-204.  POWERS AND DUTIES. The Idaho state board of accountancy, in addi-
 28    tion  to the other powers and duties set forth in this chapter, shall have the
 29    following powers and duties:
 30        (1)  To adopt and amend rules in accordance with  the  provisions  of  the
 31    administrative  procedure act, chapter 52, title 67, Idaho Code, governing its
 32    administration and the enforcement of this chapter and the conduct  of  licen-
 33    sees including, but not limited to:
 34        (a)  Rules governing the board's meetings and the conduct of its business;
 35        (b)  Rules  of procedure governing the conduct of investigations and hear-
 36        ings by the board;
 37        (c)  Rules specifying the education, examination and experience qualifica-
 38        tions required for the issuance of certificates, the  experience  required
 39        for  initial issuance of certificates and the continuing professional edu-
 40        cation required for renewal of licenses;
 41        (d)  Rules of professional conduct directed to controlling the quality and
 42        probity of the practice of public  accountancy  professional  services  by
 43        licensees, and dealing among other things with independence, integrity and
 44        objectivity;  competence  and technical standards; responsibilities to the
 45        public; and responsibilities to clients;
 46        (e)  Rules specifying actions and circumstances that shall  be  deemed  to
 47        constitute  holding oneself out as a licensee in connection with the prac-
 48        tice of public accountancy governing the professional standards applicable
 49        to licensees;
 50        (f)  Rules governing the manner and circumstances of  use  of  the  titles
 51        "certified public accountant" and "licensed public accountant";
 52        (g)  Rules  regarding quality peer reviews that may be required to be per-
 53        formed under the provisions of this chapter;
                                                                        
                                           4
                                                                        
  1        (g)  Rules for the method and substance of  examination  for  licenses  to
  2        practice  as  certified  public  accountants.  The board shall provide for
  3        examination of applicants, at least annually, at such times and places  as
  4        circumstances  and  applications  may  warrant. The board shall use all or
  5        part of the uniform CPA examination,  and  may  use  any  related  service
  6        available  from  the  American  institute  of certified public accountants
  7        (AICPA) and the  national  association  of  state  boards  of  accountancy
  8        (NASBA),  or  an examination and services consistent with standards of the
  9        AICPA examination. The board may contract with third  parties  to  perform
 10        such  administrative  services with respect to the examination as it deems
 11        appropriate to assist it in performing its  duties  hereunder.  The  board
 12        shall  adopt a system to maintain the security and integrity of the exami-
 13        nation process; and
 14        (h)  Rules on substantial equivalency to implement section  54-227,  Idaho
 15        Code;
 16        (i)  Rules  adopting  statements  on  standards  as  specified  in section
 17        54-206(3), Idaho Code, which, if the board may deem appropriate, shall  be
 18        those  standards  developed  for general application by recognized accoun-
 19        tancy organizations such as the AICPA, as such statements are  established
 20        from time to time; and
 21        (j)  Such  other  rules  as the board may deem necessary or appropriate to
 22        implement or administer the provisions and purposes of this chapter.
 23        (2)  To issue original certificates of qualification and licenses to prac-
 24    tice as certified public accountants to such applicants as may be qualified by
 25    reciprocity, transfer of examination grades or by examination.
 26        (3)  To charge and collect from all applicants, certificate  holders,  and
 27    licensees such fees as are provided by this chapter and prescribed by rules of
 28    the board.
 29        (4)  To initiate or receive complaints, cause the same to be investigated,
 30    initiate  proceedings, and conduct hearings or proceedings pursuant to chapter
 31    2, title 54, Idaho Code. The board may designate a member, or any other person
 32    of appropriate competence, to serve as investigating  officer  to  conduct  an
 33    investigation.  Upon completion of an investigation, the investigating officer
 34    shall file a report with the board. Unless dismissed by the board as unfounded
 35    or trivial, the board may proceed with disciplinary proceedings or may  return
 36    the report to the investigating officer for further investigation.
 37        (a)  In  order  to  protect the interests of a complainant, witness, third
 38        party or defendant, the board may upon  application  and  for  good  cause
 39        shown, issue a protective order, consistent with chapter 3, title 9, Idaho
 40        Code,  prohibiting  the  disclosure  of specific information otherwise not
 41        privileged and confidential and direct that the proceedings  be  conducted
 42        so as to implement the order.
 43        (b)  In carrying into effect the provisions of this chapter, the board may
 44        subpoena  witnesses  and compel their attendance, and also may require the
 45        submission of books, papers, documents or other pertinent data; may admin-
 46        ister oaths; may  take  testimony;  may  cooperate  with  the  appropriate
 47        authorities  in  other  states in investigation and enforcement concerning
 48        violations of this chapter and comparable acts of other  states;  and  may
 49        receive  evidence  in  any  disciplinary matters or in any case wherever a
 50        violation of the provisions of this chapter is alleged.  Upon  failure  or
 51        refusal  to  comply  with  any such order of the board, or upon failure to
 52        honor its subpoena, the board may apply to the court in the district where
 53        the witness resides to enforce compliance.
 54        (5)  To authorize by written agreement the bureau of occupational licenses
 55    as agent to act in its interest.
                                                                        
                                           5
                                                                        
  1        (6)  Any action, claim or demand to recover money damages from  the  board
  2    or  its employees which any person is legally entitled to recover as compensa-
  3    tion for the negligent or otherwise wrongful act or omission of the  board  or
  4    its  employees,  when  acting within the course and scope of their employment,
  5    shall be governed by the Idaho tort claims act,  chapter  9,  title  6,  Idaho
  6    Code. For purposes of this subsection, the term "employees" shall include spe-
  7    cial  assignment  members of the board and other independent contractors while
  8    acting within the course and scope of their board related work.
  9        (7)  All hearings, investigations or proceedings conducted  by  the  board
 10    shall  be  conducted  in conformity with chapter 52, title 67, Idaho Code, and
 11    rules of the board adopted pursuant thereto, and, unless  otherwise  requested
 12    by the concerned party, be subject to disclosure according to chapter 3, title
 13    9, Idaho Code.
                                                                        
 14        SECTION  5.  That  Section  54-206, Idaho Code, be, and the same is hereby
 15    amended to read as follows:
                                                                        
 16        54-206.  DEFINITIONS. As used in this section:
 17        (1)  "Academic year" means that period of study, at a college  or  univer-
 18    sity,  approved by the board, necessary to accumulate the equivalent of thirty
 19    (30) semester credit hours.
 20        (2)  "AICPA" means the American institute of certified public accountants.
 21        (32)  "Applicant" means any person having the requisite qualifications who
 22    makes application to the board for examination, or  for  initial  issuance  or
 23    renewal  or reinstatement of a certificate and license under the provisions of
 24    this chapter.
 25        (3)  "Attest" means providing the following financial statement services:
 26        (a)  Any audit or other engagement to be performed in accordance with  the
 27        statements on auditing standards;
 28        (b)  Any  review  of  a  financial statement to be performed in accordance
 29        with the statements on standards for accounting and review services; and
 30        (c)  Any examination of prospective financial information to be  performed
 31        in  accordance  with  the  statements on standards for attestation engage-
 32        ments.
 33        (4)  "Audit" means an examination of  financial  statements  conducted  in
 34    accordance  with  generally accepted auditing standards, to determine whether,
 35    in the auditor's opinion, the statements are fairly presented and conform with
 36    generally accepted accounting principles, or if applicable, with another  com-
 37    prehensive basis of accounting.
 38        (5)  "Board" means the Idaho state board of accountancy.
 39        (65)  "Certificate"  means that document issued by the board upon original
 40    approval of a license licensure. The original certificate does not  constitute
 41    licensure  and  a  person  cannot hold represent himself or herself out to the
 42    public as a licensee unless a current and valid annual license has been issued
 43    by the board.
 44        (76)  "Certified public accountant" means any person who  holds  a  valid,
 45    unrevoked and unsuspended license under the provisions of chapter 2, title 54,
 46    Idaho  Code, or an equivalent provision of the laws of another state designat-
 47    ing said person as a certified public accountant.
 48        (87)  "Client" means the person or entity which retains  a  practice  unit
 49    engaged  in  the  practice  of  public  accounting for the performance of that
 50    agrees with a licensee or licensee's employer to receive any professional ser-
 51    vices with or without  compensation  and  shall  include  all  affiliates  and
 52    related  entities  in  the  financial  statements  of an attest or compilation
 53    engagement.
                                                                        
                                           6
                                                                        
  1        (98)  "Compilation" means presenting a  service  performed  in  accordance
  2    with  statements  on  standards for accounting and review services which pres-
  3    ents, in the form of historical or prospective financial statements, in accor-
  4    dance with standards adopted by the AICPA, information that is the representa-
  5    tion of management or owners without undertaking to express any  assurance  on
  6    the  statements.  The term "compilation" does not include financial statements
  7    accompanied by the language  set  forth  in  section  54-226(3),  Idaho  Code,
  8    (whether used by a licensee or by a person not licensed under this chapter) so
  9    long  as the financial statements are not accompanied by any other language of
 10    assurance or disclaimer.
 11        (109) "Financial statements" means a presentation of  historical  or  pro-
 12    spective  financial  data,  which  may include accompanying notes, intended to
 13    communicate an entity's economic resources or obligations at a point in  time,
 14    or  the  changes therein for a period of time, in accordance with a comprehen-
 15    sive basis of accounting.
 16        (110) "Firm" means a proprietorship,  partnership,  professional  corpora-
 17    tion,  professional  limited  liability  company, or any other form of profes-
 18    sional organization permitted by Idaho law, engaged in the practice of  public
 19    accounting  of which all proprietors, partners, officers, shareholders or mem-
 20    bers are licensed under the provisions of this chapter  registered  under  the
 21    requirements of section 54-214, Idaho Code.
 22        (121) "Good moral character" means lack of a history of dishonest dealings
 23    or a felonious act.
 24        (13) "Hold  out"  or  "holding out" means providing or offering to provide
 25    work or services as a certified public accountant or licensed  public  accoun-
 26    tant.  Holding  out  includes, but is not limited to, display of a license, or
 27    oral or written representation that the  person  holds  a  current  and  valid
 28    license or is authorized to practice public accounting. Written representation
 29    can  include  the  certified public accountant, licensed public accountant, or
 30    any other designation cited in section 54-220, Idaho Code, which may appear on
 31    a letterhead, business card, office sign or advertisement.
 32        (142) "License" means that permit authorization issued by the  board  upon
 33    original  approval  and  on  an  annual basis permitting a qualified person to
 34    practice as a certified public accountant or licensed public accountant in the
 35    state of Idaho.
 36        (153) "Licensed public accountant" or "LPA" means any person who  holds  a
 37    valid,  unrevoked  and  unsuspended license under the provisions of chapter 2,
 38    title 54, Idaho Code, designating said person as a licensed public accountant.
 39        (164) "Licensee" means the holder of a current valid  license.  issued  by
 40    this state authorizing that person to practice public accountancy.
 41        (175) "Member" means a licensed person who has been admitted to membership
 42    in a firm which is organized as a limited liability company.
 43        (18) "Partnership"  means  an  association of two (2) or more licensees to
 44    carry on as co-owners a business for profit for the practice of public accoun-
 45    tancy.
 46        (16)  "Peer review" means a board approved study, appraisal or  review  of
 47    one  (1)  or  more aspects of the professional work of a licensee or firm that
 48    performs attest or compilation services, by a person or persons licensed under
 49    this chapter or by another state and who are independent of  the  licensee  or
 50    firm being reviewed.
 51        (17)  "Permit"  means  a  permit to practice as a firm issued under corre-
 52    sponding provisions of the laws of other states.
 53        (198) "Person" means any natural living person.
 54        (20) "Practice of public accounting" means offering to perform or perform-
 55    ing, for a client or potential client, one  (1)  or  more  types  of  services
                                                                        
                                           7
                                                                        
  1    involving  the  use of accounting or auditing skills, or one (1) or more types
  2    of management, financial advisory or consulting services, or  the  preparation
  3    of  tax  returns,  or  the  furnishing of advice on tax matters, while holding
  4    oneself out in such manner as to state or imply that one is a licensee.
  5        (21) "Practice unit" means a firm with which a  licensee  engaged  in  the
  6    practice of public accounting is affiliated, including a proprietorship, part-
  7    nership,  professional corporation or any other form of organization permitted
  8    by Idaho law.
  9        (22) "Professional corporation" means either:
 10        (a)  A professional public accounting corporation  organized  pursuant  to
 11        chapter  13,  title 30, Idaho Code, or any other form of organization per-
 12        mitted by Idaho law, the shareholders of which are all persons licensed as
 13        certified public accountants or licensed public accountants; or
 14        (b)  A foreign corporation certified by the secretary of state to do busi-
 15        ness in public accountancy in Idaho, provided  that  any  officer,  share-
 16        holder,  agent or employee of the corporation remains personally and fully
 17        liable and accountable for any negligent or  wrongful  act  or  misconduct
 18        committed  by  him, or by any person under his direct supervision and con-
 19        trol, while rendering professional accounting services on  behalf  of  the
 20        corporation in the state of Idaho.
 21        (2319) "Professional  services" means any services performed or offered to
 22    be performed by a licensee for a client in the course of the practice of  pub-
 23    lic  accountancy  arising  out  of  or related to the specialized knowledge or
 24    skills associated with certified public accountants or licensed public accoun-
 25    tants.
 26        (24) "Proprietorship" means a business for the practice of public  accoun-
 27    tancy which is owned by a licensee.
 28        (25) "Quality review" means a board approved study, appraisal or review of
 29    one  (1) or more aspects of the professional work of a practice unit by a per-
 30    son or persons who are licensed under this chapter or by another state and who
 31    are independent of the practice unit being reviewed.
 32        (260) "Report," when used with reference to financial statements, means an
 33    opinion or other form of language that states or implies assurance as  to  the
 34    reliability  of any financial statements and that also includes or is accompa-
 35    nied by any statement or implication that the person or firm  issuing  it  has
 36    special knowledge or competence in accounting or auditing. Such a statement or
 37    implication  of  special  knowledge  or  competence  may arise from use by the
 38    issuer of the report of names or titles indicating that he or she  the  person
 39    or  firm  is  an  accountant  or  auditor,  or from the language of the report
 40    itself. The term "report" includes any form of  language  which  disclaims  an
 41    opinion  when  such form of language is conventionally understood to imply any
 42    positive assurance as to the reliability of the financial statements  referred
 43    to  or  special competence on the part of the person or firm issuing such lan-
 44    guage;  and it includes any other form  of  language  that  is  conventionally
 45    understood to imply such assurance or special knowledge or competence.
 46        (27) "Review" means performing inquiry and analytical procedures in accor-
 47    dance  with standards adopted by the AICPA that provide a reasonable basis for
 48    expressing limited assurance that there are  no  material  modifications  that
 49    should  be  made to financial statements in order for them to be in conformity
 50    with generally accepted accounting principles or, if applicable, with  another
 51    comprehensive basis of accounting.
 52        (281) "State"  means  any  state,  territory  or insular possession of the
 53    United States, or the District of  Columbia,  Puerto  Rico,  the  U.S.  Virgin
 54    Islands and Guam; except that "this state" means the state of Idaho.
 55        (22)  "Substantial  equivalency"  or  "substantially  equivalent"  means a
                                                                        
                                           8
                                                                        
  1    determination by the board that  the  education,  examination  and  experience
  2    requirements  contained  in  the  statutes and administrative rules of another
  3    jurisdiction are comparable to or exceed the education, examination and  expe-
  4    rience  requirements  for CPAs contained in this chapter or that an individual
  5    licensee's education, examination and experience qualifications are comparable
  6    to or exceed the education, examination and experience requirements  for  CPAs
  7    contained in this chapter.
                                                                        
  8        SECTION  6.  That  Section  54-207, Idaho Code, be, and the same is hereby
  9    amended to read as follows:
                                                                        
 10        54-207.  LICENSE -- APPLICATION. (1) Any person meeting the qualifications
 11    as hereinafter provided, and desiring a certificate and license (where  appli-
 12    cable),  shall  make a written application for such certificate and license to
 13    the board, upon forms to be prescribed and furnished by the board. Such appli-
 14    cation shall be filed and shall be accompanied by such fee as may be  required
 15    by rules of the board.
 16        (2)  In  addition to meeting the qualifications provided elsewhere in this
 17    chapter, before a certificate and license may be issued, a person desiring  to
 18    receive  a certificate and license shall have satisfactorily completed a mini-
 19    mum of one hundred fifty (150) semester  hours,  or  two  hundred  twenty-five
 20    (225) quarter hours, of college education, with a concentration in accounting,
 21    auditing and business, including a baccalaureate or higher degree at a college
 22    or  university  acceptable  to the board, as established by rule. Satisfactory
 23    evidence in the form of an official  transcript  received  directly  from  the
 24    school registrar indicating the credits and degree received shall be presented
 25    to  the board to demonstrate successful completion of these education require-
 26    ments.
 27        (3)  The board may adopt rules allowing  persons  who  met  the  education
 28    requirements of section 54-208, Idaho Code, when they first sat for the exami-
 29    nation  to become licensed even though they do not meet the education require-
 30    ments of this section.
                                                                        
 31        SECTION 7.  That Section 54-208, Idaho Code, be, and the  same  is  hereby
 32    amended to read as follows:
                                                                        
 33        54-208.  EXAMINATION  -- EDUCATION -- QUALIFICATIONS. (1) An applicant for
 34    admission to examination as a certified public accountant shall:
 35        (a)  Be eighteen (18) years of age or older,
 36        (b)  Be of good moral character,
 37        (c)  Be a resident, have been a resident, or intend to immediately  become
 38        a resident of the state of Idaho,
 39        (d)  Be approved by the board for admission to the examination, and
 40        (e)  Comply with subparagraph (i) or (iii) hereof; provided, however, that
 41        subparagraphs  (i)  and  (iii) hereof shall not apply to any applicant who
 42        has qualified under prior existing law and has made written application to
 43        the board and such application is on file with  the  board  prior  to  the
 44        effective date of this chapter.
 45             (i)   Provide sSatisfactory evidence in the form of an official tran-
 46             script  received  directly  from  the school registrar indicating the
 47             credits and degree received shall be presented to the board to demon-
 48             strate successful completion of the education requirements as  estab-
 49             lished  in  subparagraph  (ii)  hereof  a baccalaureate degree or its
 50             equivalent, the required credits and courses to be prescribed by  the
 51             rules  of  the  board.  Applicants  who will complete the educational
                                                                        
                                           9
                                                                        
  1             requirements within ninety (90) days of the examination shall may  be
  2             allowed to sit for the examination provided that prior to the release
  3             of  examination  grades  satisfactory evidence is submitted verifying
  4             that the required education was completed within ninety (90) days  of
  5             the examination.
  6             (ii)  Education  requirements.  Until  June 30, 2000, the board shall
  7             require four (4) academic years of study for a  baccalaureate  degree
  8             or  its equivalent, the required credits and courses to be prescribed
  9             by the rules of the board.  After  July  1,  2000,  the  board  shall
 10             require  a minimum of one hundred fifty (150) collegiate level semes-
 11             ter hours, or two hundred twenty-five (225) quarter hours, of  educa-
 12             tion,  with  a  concentration  in  accounting, auditing and business,
 13             including a baccalaureate degree or its equivalent at  a  college  or
 14             university  acceptable  to  the  board. The total educational program
 15             shall include subjects and hours approved by  the  board,  as  estab-
 16             lished by rule.
 17             (iii) An  applicant  who is unable to meet the education requirements
 18             specified in subparagraph (ii) hereof shall show, to the satisfaction
 19             of the board, achievement of equivalency to  the  education  require-
 20             ments  before  and  after  July 1, 2000, as specified in subparagraph
 21             (ii) hereof. Equivalency standards  shall  be  established  by  board
 22             rule.
 23        (2)  The  examination  required  to be passed as a condition to granting a
 24    certificate shall be held at  least  twice  each  year,  and  shall  test  the
 25    applicant's  knowledge  of  the  subjects of accounting and auditing, and such
 26    other related subjects as the board may specify by rule,  including,  but  not
 27    limited  to,  business law and taxation. The time for holding such examination
 28    shall be determined by the board and may be changed from  time  to  time.  The
 29    board  shall  prescribe by rule the methods of applying for and conducting the
 30    examination, including methods for grading and  determining  a  passing  grade
 31    required  of  an applicant for a certificate; provided however, that the board
 32    shall endeavor to assure that the examination itself, grading of the  examina-
 33    tion,  and  the  passing  grades,  are uniform with those of other states. The
 34    board may make use of all or any part of the uniform certified public  accoun-
 35    tant  examination  and  advisory grading service of the AICPA and may contract
 36    with third parties to perform such administrative services with respect to the
 37    examination as it deems appropriate to assist  it  in  performing  its  duties
 38    hereunder.
 39        (3)  The  board may charge, or provide for a third party administering the
 40    examination to charge, each applicant a fee, in an amount  prescribed  by  the
 41    board by rule.
 42        (4)  None  of  the  education  requirements specified in subparagraph (i),
 43    (ii) or (iii) hereof this section  shall  apply  to  an  applicant  who  is  a
 44    licensed public accountant pursuant to this chapter.
                                                                        
 45        SECTION  8.  That  Section  54-209, Idaho Code, be, and the same is hereby
 46    amended to read as follows:
                                                                        
 47        54-209.  EXPERIENCE. An applicant of good moral character who successfully
 48    passes the examination, with standards no less than those  prescribed  by  the
 49    board's  rules  for  examination  of candidates in Idaho, and who fulfills the
 50    requirements of section 54-207, Idaho Code, shall receive a license as a  cer-
 51    tified public accountant if the applicant has completed, or upon completion of
 52    the following:
 53        (1)  The  applicant, in obtaining experience, must be supervised by a cer-
                                                                        
                                           10
                                                                        
  1    tified public accountant who holds a current valid license in any state or  by
  2    a  licensed public accountant who shall certify that experience obtained under
  3    either subsection (a) or (b) of this section consists of one (1) or more types
  4    of services involving the use of accounting or auditing skills, or one (1)  or
  5    more  types  of  management or financial advisory or consulting skills, or the
  6    preparation of tax returns or the furnishing of advice on tax matters.
  7        (a)  Two (2) years of full-time public accounting employment, or one thou-
  8        sand nine hundred fifty-six (1,956) minimum hours per year; or
  9        (b)  Experience of a character and for a length of time which is,  in  the
 10        opinion of the board, substantially equivalent to the requirements of sub-
 11        section  (a)  of  this section. Rules shall be adopted by the board estab-
 12        lishing such experience levels.
 13        (2)  The board by order shall also have authority to approve programs with
 14    private industry, nonprofit and governmental entities to establish  acceptable
 15    experience  substantially  equivalent to subsection (1)(a) of this section one
 16    (1) year of experience. This experience shall include providing  any  type  of
 17    service  or  advice involving the use of accounting, attest, compilation, man-
 18    agement advisory, financial advisory, tax or consulting skills -- all of which
 19    have been verified by a licensee, meeting requirements prescribed by the board
 20    by rule. This experience may  be  gained  through  employment  in  government,
 21    industry, academia or public practice.
                                                                        
 22        SECTION  9.  That  Section  54-210, Idaho Code, be, and the same is hereby
 23    amended to read as follows:
                                                                        
 24        54-210.  RECIPROCITY -- TRANSFER OF EXAMINATION GRADES  --  FOREIGN  RECI-
 25    PROCITY  --  QUALIFICATIONS.  (1)  A person whose certificate and license have
 26    been granted by another state, whose principal place of business is located in
 27    this state, shall obtain a license by reciprocity from the board  before  pro-
 28    viding professional services in this state.
 29        (2)  An  applicant  for certificate and license by reciprocity to practice
 30    as a certified public accountant in Idaho must:
 31        (a)  Be eighteen (18) years of age or older;
 32        (b)  Be of good moral character;
 33        (c)  Have obtained the education and passed the  uniform  CPA  examination
 34        with  standards  no less than those required in Idaho. The requirements of
 35        education and the Idaho standards relating to passage of the  uniform  CPA
 36        examination  shall  be  waived if the applicant has no less than five four
 37        (54) years' experience as determined by the board, provided that the expe-
 38        rience or its equivalent was obtained after original licensure as a certi-
 39        fied public accountant and within the ten (10) years immediately preceding
 40        the reciprocity application; and
 41        (d)  Have completed the necessary experience, continuing professional edu-
 42        cation, and board approved ethics examination required for issuance  of  a
 43        license  to practice public accounting in Idaho and hold a current license
 44        in good standing in another licensing jurisdiction.
 45        (23)  An applicant for certificate and license to practice as a  certified
 46    public  accountant  in  Idaho  by  transfer of examination grades from another
 47    licensing jurisdiction must:
 48        (a)  Be eighteen (18) years of age or older;
 49        (b)  Be of good moral character;
 50        (c)  Have obtained the necessary education and have passed the uniform CPA
 51        examination with standards no less than those prescribed  by  the  board's
 52        rules for examination candidates in Idaho; and
 53        (d)  Possess  experience  qualifications as required under section 54-209,
                                                                        
                                           11
                                                                        
  1        Idaho Code.
  2        (4)  The board shall issue a certificate and license to a holder of a sub-
  3    stantially equivalent designation issued by a foreign country, provided that:
  4        (a)  The foreign authority which granted  the  designation  makes  similar
  5        provision  to  allow  a  person  who holds a valid certificate and license
  6        issued by this state to obtain such foreign authority's comparable  desig-
  7        nation; and
  8        (b)  The designation:
  9             (i)   Was duly issued by an authority of a foreign country which reg-
 10             ulates the practice of public accountancy and has not expired or been
 11             revoked or suspended;
 12             (ii)  Entitles the holder to issue reports upon financial statements;
 13             and
 14             (iii) Was  issued  upon  the basis of substantially equivalent educa-
 15             tional, examination and experience requirements  established  by  the
 16             foreign authority or by law; and
 17        (c)  The applicant:
 18             (i)   Received  the designation, based on educational and examination
 19             standards substantially equivalent to those in effect in this  state,
 20             at the time the foreign designation was granted;
 21             (ii)  Completed  an  experience requirement, substantially equivalent
 22             to the requirements set out in  this  chapter,  in  the  jurisdiction
 23             which granted the foreign designation or has completed four (4) years
 24             of  professional  experience  in  this  state;  or  meets  equivalent
 25             requirements  prescribed  by  the  board by rule, within the ten (10)
 26             years immediately preceding the application; and
 27             (iii) Passed a uniform qualifying examination in  national  standards
 28             acceptable to the board.
                                                                        
 29        SECTION  10.  That  Section 54-211, Idaho Code, be, and the same is hereby
 30    amended to read as follows:
                                                                        
 31        54-211.  LICENSES -- LICENSING PERIOD -- REINSTATEMENT --  VOLUNTARY  SUS-
 32    PENSION  INACTIVE  LICENSES  --  RETIREMENT -- FEES. (1) The board shall issue
 33    original certificates and licenses, and renewal and reinstatement licenses  to
 34    practice  as  a  certified  public  accountant,  and renewal and reinstatement
 35    licenses to practice as a licensed public accountant  to  persons    who  have
 36    qualified  therefor  in accordance with the provisions of this chapter and the
 37    rules of the board. A certificate and license, once issued, shall continue  in
 38    effect  so  long  as  the  holder thereof complies with the provisions of this
 39    chapter and the rules and orders of the board.
 40        (a)  Original. The board shall collect an original license fee upon  board
 41        approval  of an original license to practice as a certified public accoun-
 42        tant in the state of Idaho in an amount not to exceed two hundred  dollars
 43        ($200)  as  set  forth in section 54-212, Idaho Code, and as prescribed by
 44        the rules of the board. Those individuals  meeting  the  requirements  for
 45        original  licensure  in  Idaho, pursuant to the provisions of this chapter
 46        and the rules of the board, shall be issued a license effective until  the
 47        end of the fiscal year, which shall extend from July 1 through June 30, in
 48        which  the  original  license  was  granted  for  no more than twelve (12)
 49        months. The license shall then be subject to annual renewal.
 50        (b)  Renewal. The board shall collect  an  annual  license  fee  from  all
 51        licensees  by  July  1 of each year in an amount not to exceed two hundred
 52        dollars ($200) as set forth in section 54-212, Idaho  Code,  and  as  pre-
 53        scribed  by the rules of the board. Those persons meeting the requirements
                                                                        
                                           12
                                                                        
  1        of subparagraphs (i), (ii), (iii) and (iv) of this subsection for  license
  2        renewal  shall  be issued a license effective for a period of one (1) year
  3        through the last day of June after its issuance. Requirements include:
  4             (i)   Good moral character;
  5             (ii)  Completion of continuing professional education as specified by
  6             the board's rules;
  7             (iii) Identification, in the renewal  application,  of  the  practice
  8             unit firm with which the licensee is affiliated; and
  9             (iv)  Where  applicable, verification of satisfactory completion of a
 10             quality peer review program by the practice unit firm with which  the
 11             licensee  is  affiliated, pursuant to section 54-214, Idaho Code, and
 12             the rules prescribed by the board. Any licensee who performs compila-
 13             tion services for the public other than through a firm  must  undergo
 14             no  more  frequently  than  once every three (3) years, a peer review
 15             conducted in accordance with rules prescribed by the board, and  such
 16             review shall include verification that such licensee has met the com-
 17             petency  requirements set out in professional standards for such ser-
 18             vice.
 19        (c)  Inactive status. Any licensee in current compliance with  the  provi-
 20        sions  of this chapter who chooses not to practice or hold himself or her-
 21        self out to provide work or services as a certified public  accountant  or
 22        licensed  public accountant perform or offer to perform for the public one
 23        (1) or more kinds of attest or compilation services may apply  to  suspend
 24        place  his  or her license in inactive status. An individual who holds out
 25        or practices public accounting, as defined in section 54-206, Idaho  Code,
 26        shall  not qualify for inactive status The annual renewal fee for inactive
 27        status shall be as set forth in section 54-212, Idaho Code,  and  as  pre-
 28        scribed  by  the  rules  of the board. Licensees with inactive status must
 29        place the word "inactive" adjacent to their CPA or LPA title on any  busi-
 30        ness  card,  letterhead  or  any  other  document or device when using the
 31        title, with the exception  of  their  certificate  on  which  their  title
 32        appears.
 33        (d)  Retired.  After  a  person reaches the age of sixty (60) years, or in
 34        the event of a disability preventing continued practice,  the  certificate
 35        of  a certified public accountant or licensed public accountant, may, upon
 36        application to the board by the holder, may be  placed  by  the  board  in
 37        retired  status.  Retired status shall allow the holder to retain the wall
 38        certificate and remain on the board's mailing list. The annual renewal fee
 39        for retired status shall not exceed fifty dollars ($50.00) be as set forth
 40        in section 54-212, Idaho Code, and as  prescribed  by  the  rules  of  the
 41        board.  Licensees  with retired status must place the word "retired" adja-
 42        cent to their CPA or LPA title on any business  card,  letterhead  or  any
 43        other document or device when using the title, with the exception of their
 44        certificate  on which their title appears. An individual who holds  out or
 45        practices public accounting, as defined in  section  54-206,  Idaho  Code,
 46        performs  or  offers  to perform for the public attest or compilation ser-
 47        vices shall not qualify for retired status.
 48        (e)  Reinstatement. Any certificate and license suspended  for  nonpayment
 49        of the annual renewal fee, or a certificate in retired or inactive status,
 50        may  be reinstated upon completion of an application supplied by the board
 51        along with payment of a reinstatement fee in an amount not to exceed  five
 52        hundred dollars ($500), as set forth in section 54-212, Idaho Code, and as
 53        prescribed by the rules of the board. In addition, the board shall require
 54        the applicant to meet the qualifications of subparagraphs (i), (ii), (iii)
 55        and (iv) of subsection (b) of this section. Reinstatement following invol-
                                                                        
                                           13
                                                                        
  1        untary  suspension  shall be governed by the terms of the board's order of
  2        involuntary suspension.
  3        (2)  Applicants for initial issuance or renewal reinstatement of  licenses
  4    under  this  section  shall in their application list all states in which they
  5    have applied for or hold a license to practice public accountancy and list any
  6    past denial, revocation or suspension of a certificate, license or permit.
  7        (3)  Applicants and licensees shall notify the board  in  writing,  within
  8    thirty (30) days after its occurrence of:
  9        (a)  Any felony charges; or
 10        (b)  The issuance, denial, restriction, revocation or suspension of a cer-
 11        tificate, license or permit by another state or by any federal agency.
                                                                        
 12        SECTION  11.  That  Section 54-212, Idaho Code, be, and the same is hereby
 13    amended to read as follows:
                                                                        
 14        54-212.  GENERAL FEES. The board, as prescribed by its rules,  may  charge
 15    an amount not to exceed:
 16        (1)  Three hundred dollars ($300) One thousand dollars ($1,000) for exami-
 17    nation. or application for licensure.
 18        (2)  Three  hundred  dollars  ($300)  for licensure application or license
 19    renewal.
 20        (3)  Twenty-five  dollars  ($25.00)  for  any  certificate,  original   or
 21    replacement, to be issued as herein provided.
 22        (34)  Fifty  dollars  ($50.00) for administrative services, including, but
 23    not limited to, review of examination papers  mailing  lists  and  release  of
 24    information to other boards for purposes of licensure.
 25        (5)  One hundred dollars ($100) for retired or inactive status licenses.
 26        (6)  Five hundred dollars ($500) for license reinstatement.
 27        (47)  Three hundred dollars ($300) for late fees, including late filing of
 28    the annual license renewal.
 29        (58)  Three hundred dollars ($300) for late fees, including late filing of
 30    the continuing professional education report.
 31        (6)  Two hundred dollars ($200) for temporary practice registration.
 32        (79)  Two hundred dollars ($200) for practice unit firm registration.
 33        (10)  Fifty dollars ($50.00) for notification of intent to enter the state
 34    pursuant to section 54-227, Idaho Code.
                                                                        
 35        SECTION  12.  That  Section 54-213, Idaho Code, be, and the same is hereby
 36    amended to read as follows:
                                                                        
 37        54-213.  GRANDFATHER CLAUSE. Individuals who, on July  1,  19932002,  hold
 38    certified public accountant and licensed public accountant licenses heretofore
 39    issued  under  the  laws of this state, shall, for all purposes, be considered
 40    licensees under this chapter and subject to the provisions thereof.
                                                                        
 41        SECTION 13.  That Section 54-214, Idaho Code, be, and the same  is  hereby
 42    amended to read as follows:
                                                                        
 43        54-214.  QUALITY  REVIEW  --  PRACTICE  UNIT  FIRM    REGISTRATION -- PEER
 44    REVIEW. (1) All individuals engaged in the practice of public accounting shall
 45    be affiliated with a practice unit. All practice units engaged in practice  in
 46    this  state  shall  be required to register with the board on an annual basis.
 47    When registering annually, each practice unit  shall  indicate  if  it  issues
 48    reports on financial statements.
 49        The  board  may  require  by  rule that all practice units issuing reports
                                                                        
                                           14
                                                                        
  1    undergo quality reviews, on either a uniform or  random  basis,  conducted  no
  2    more  frequently  than once every three (3) years in such manner and producing
  3    such satisfactory results as the board may specify; provided however, that any
  4    rule imposing such requirement shall be adopted reasonably in advance  of  the
  5    time  when  compliance  is required and shall include reasonable provision for
  6    compliance by a practice unit if it shows that it has undergone a satisfactory
  7    quality review performed for other purposes which was substantially equivalent
  8    to quality reviews generally required pursuant to this subsection and  comple-
  9    tion  of  such review was within the three (3) years immediately preceding the
 10    registration period The board shall register firms that make  application  and
 11    demonstrate  their  qualifications  therefor  in accordance with the following
 12    subsections of this section or to firms originally licensed in  another  state
 13    that  establish  an  office  in this state. A firm must be registered with the
 14    board in order to provide attest or compilation services or in  order  to  use
 15    the  titles "CPAs," "CPA firm," "LPAs" or "LPA firm." Firms must register with
 16    the board annually in such form and between such dates as the board may  spec-
 17    ify  by  rule.  The  board  may charge a fee for each registration for initial
 18    issuance or renewal of a registration under this section as set forth in  sec-
 19    tion 54-212, Idaho Code, and as prescribed by the rules of the board.
 20        (2)  Information  discovered solely as a result of a practice unit's qual-
 21    ity review shall not be grounds for suspension or revocation of a  license  An
 22    applicant  for  initial  registration or renewal of a registration to practice
 23    under this section shall demonstrate that:
 24        (a)  Notwithstanding any other provision of law, a simple majority of  the
 25        beneficial  ownership  of the firm belongs to holders of a certificate who
 26        are licensed in some state, and  such  partners,  officers,  shareholders,
 27        members  or  managers, whose principal place of business is in this state,
 28        and who perform professional services in this state, hold a valid certifi-
 29        cate and license issued  by  this  state.  Although  a  firm  may  include
 30        nonlicensee  owners the firm and its ownership must comply with rules pro-
 31        mulgated by the board.
 32        (b)  Any firm may include nonlicensee owners provided that:
 33             (i)   The firm designates a licensee of this state, who is  responsi-
 34             ble for the proper registration of the firm and identifies that indi-
 35             vidual to the board.
 36             (ii)  All nonlicensees are active individual participants in the firm
 37             or affiliated entities.
 38             (iii) The firm complies with such other requirements as the board may
 39             impose by rule.
 40        (c)  Any licensee who is responsible for supervising attest or compilation
 41        services  or who signs or authorizes someone to sign a report on financial
 42        statements on behalf of the firm, shall meet the  competency  requirements
 43        of the professional standards for such services.
 44        (3)  Each  practice  unit shall be required to show that each owner, part-
 45    ner, officer, member or shareholder who regularly works  in  this  state,  and
 46    each  employee holding a certificate who regularly works in this state holds a
 47    valid individual license to practice issued under the provisions of this chap-
 48    ter and that each nonresident partner, officer, member or shareholder holds  a
 49    certificate and is licensed to practice public accountancy in some other state
 50    Firms  registered to practice under this section shall be required to register
 51    each office of the firm within this state with the board and to show that  all
 52    attest and compilation services rendered in this state are under the charge of
 53    a  person holding a valid certificate and license issued by this state or some
 54    other state.
 55        (4)  Each practice unit shall be required to register each office  of  the
                                                                        
                                           15
                                                                        
  1    firm  within  this  state  with the board and to show that each such office is
  2    under the charge of a person holding a valid license to practice issued  under
  3    the  provisions  of this chapter or the corresponding provision of prior law A
  4    firm registering under this section shall list all  states  in  which  it  has
  5    applied for or holds permits as a firm and list any past denial, revocation or
  6    suspension  of  a  permit  by any other state. Each firm registered under this
  7    section shall notify the board in writing, within thirty (30)  days  following
  8    any  change  in  the identities of partners, officers, shareholders or members
  9    whose principal place of business is in this state, any change in  the  number
 10    or  location  of  offices within this state, any change in the identity of the
 11    persons in charge of such offices, and any  issuance,  denial,  revocation  or
 12    suspension of a permit by any other state.
 13        (5)  Firms  which  fall out of compliance with the provisions of this sec-
 14    tion due to changes in firm ownership or personnel, after registration,  shall
 15    take  corrective  action  to bring the firm back into compliance as quickly as
 16    possible. The board may grant a reasonable period of time for a firm  to  take
 17    such  corrective action. Failure to bring the firm back into compliance within
 18    a reasonable period as defined by the board may result in  penalties  as  pre-
 19    scribed by board rule.
 20        (6)  As a condition of registration renewal under this section, the board,
 21    by  rule,  shall  require firms to undergo, no more frequently than once every
 22    three (3) years, peer reviews conducted as  specified  by  rule.  Such  review
 23    shall  include a verification that individuals in the firm who are responsible
 24    for supervising attest and compilation services  and  who  sign  or  authorize
 25    someone  to  sign  a  report on financial statements on the behalf of the firm
 26    meet the competency requirements set out in  the  professional  standards  for
 27    such services. The rules concerning peer review shall require:
 28        (a)  Peer  reviews  to be subject to oversight by an oversight body estab-
 29        lished by board rule which will periodically report to the  board  on  the
 30        effectiveness  of  the review program under its charge, and provide to the
 31        board a listing of firms that have participated in a peer  review  program
 32        that is satisfactory to the board; and
 33        (b)  The  peer review processes to be operated and documents maintained in
 34        a manner designed to preserve confidentiality, and that neither the  board
 35        nor  any  third party, other than the oversight body, shall have access to
 36        documents furnished or generated in the course of the review.
 37        (7)  Information discovered solely as a result of  a  firm's  peer  review
 38    shall not be grounds for suspension or revocation of a license.
                                                                        
 39        SECTION 14.  That Sections 54-215 and 54-216, Idaho Code, be, and the same
 40    are hereby repealed.
                                                                        
 41        SECTION  15.  That  Section 54-218, Idaho Code, be, and the same is hereby
 42    amended to read as follows:
                                                                        
 43        54-218.  PROHIBITION -- ACCEPTANCE OF COMMISSIONS AND CONTINGENT FEES. (1)
 44    A licensee engaged in the practice of public accounting or who holds out as  a
 45    certified public accountant or as a licensed public accountant shall not pay a
 46    commission  to  obtain  a  client, nor accept a commission for a referral to a
 47    client of products or services of others. This does not prohibit payments  for
 48    the purchase of all, or a material part, of an accounting practice, or retire-
 49    ment  payments  to  persons formerly engaged in the practice of public accoun-
 50    tancy, or payments to the heirs or estates of such persons may accept  a  com-
 51    mission or referral fee unless prohibited by this section.
 52        (a)  A  licensee shall not for a commission recommend or refer to a client
                                                                        
                                           16
                                                                        
  1        any product or service, or for a commission recommend or refer any product
  2        or service to be supplied by a client, or receive a commission,  when  the
  3        licensee or the licensee's firm also performs for that client:
  4             (i)   An attest service; or
  5             (ii)  A  compilation  when  the licensee expects, or reasonably might
  6             expect, that a third party will use the compilation and the  compila-
  7             tion report does not disclose a lack of independence.
  8        (b)  A licensee who is not prohibited by this section from performing ser-
  9        vices  for or receiving a commission and who is paid or expects to be paid
 10        a commission shall disclose in writing that fact to any person  or  entity
 11        to  whom  the  licensee recommends or refers a product or service to which
 12        the commission relates.
 13        (c)  Any licensee who accepts a referral fee for recommending or referring
 14        any service of a licensee to any person or entity or who pays  a  referral
 15        fee  to  obtain  a client shall disclose such acceptance or payment to the
 16        client in writing.
 17        (2)  A licensee engaged in the practice of public accounting or who  holds
 18    out  as a certified public accountant or as a licensed public accountant shall
 19    not offer or perform professional services for a fee which is contingent  upon
 20    the findings or results of such services; provided however, that this does not
 21    apply  to  professional  services  involving  federal, state or other taxes in
 22    which the findings are those of the tax  authorities  and  not  those  of  the
 23    licensee,  nor  does  it apply to professional services for which the fees are
 24    fixed by courts or other public authorities, and which  are  indeterminate  in
 25    amount  at the time the professional services are undertaken may accept a con-
 26    tingent fee which is disclosed to the client in writing unless  prohibited  by
 27    this section.
 28        (a)  A  licensee  shall  not perform for a contingent fee any professional
 29        service for, or receive such a fee from, a client for whom the licensee or
 30        the licensee's firm performs:
 31             (i)   An attest service; or
 32             (ii)  A compilation, when the licensee expects, or  reasonably  might
 33             expect,  that a third party will use the compilation and the compila-
 34             tion report does not disclose a lack of independence.
 35        (b)  A licensee shall not prepare an original or  amended  tax  return  or
 36        claim for a tax refund for a contingent fee for any client.
 37        (c)  Except  as  stated  in  the  next sentence, a contingent fee is a fee
 38        established for the performance of any service pursuant to an  arrangement
 39        in  which  no  fee will be charged unless a specified finding or result is
 40        attained, or in which the amount of the fee is  otherwise  dependent  upon
 41        the  finding  or  result of such service. Solely for purposes of this sec-
 42        tion, fees shall not be regarded as contingent if fixed by courts or other
 43        public authorities or, in tax matters, if determined based on the  results
 44        of  judicial  proceedings  or  the  findings  of  governmental agencies. A
 45        licensee's fees may vary depending, for example, on the complexity of ser-
 46        vices rendered.
 47        (3)  The prohibitions contained in this section  shall  apply  during  the
 48    period  in which the licensee is engaged to perform any of the services listed
 49    herein and the period covered by any historical financial statements  involved
 50    in any such listed services.
                                                                        
 51        SECTION  16.  That  Section 54-219, Idaho Code, be, and the same is hereby
 52    amended to read as follows:
                                                                        
 53        54-219.  LICENSE --  RESTRICTION,  REVOCATION,  SUSPENSION  OR  DENIAL  --
                                                                        
                                           17
                                                                        
  1    CAUSES  --  COST  RECOVERY  --  ADMINISTRATIVE PENALTIES. (1) After notice and
  2    opportunity for hearing in accordance with the provisions of chapter 52, title
  3    67, Idaho Code, for cause shown, the board  may  revoke,  suspend,  refuse  to
  4    renew,  administratively  penalize,  reprimand, restrict or place on probation
  5    the holder of a certificate or license, or refuse to issue any certificate  or
  6    any license to an applicant, for any one (1) of the following causes:
  7        (a)  Any  false  statement with the intent to mislead or deceive the board
  8        or its members in or in connection with any application; or,  cheating  or
  9        any attempt to cheat in an examination.
 10        (b)  Fraud or deceit in obtaining or renewing a certificate and or license
 11        to practice as a certified public accountant or licensed public accountant
 12        under the provisions of this chapter.
 13        (c)  Dishonesty,  fraud  or  gross  negligence  in  the practice of public
 14        accounting performance of professional services as a licensee or  individ-
 15        ual  granted privileges under section 54-227, Idaho Code, or in the filing
 16        or failure to file his own income tax returns.
 17        (d)  Violation of any provision of this chapter, or any  rule  adopted  by
 18        the  board  under  authority  granted  by this chapter, or an order of the
 19        board directed specifically to the licensee.
 20        (e)  Conviction of or a guilty plea to a felony  under  the  laws  of  any
 21        state or of the United States.
 22        (f)  Conviction  of  or  a guilty plea to any crime involving moral turpi-
 23        tude, an element of which is dishonesty or fraud, under the  laws  of  any
 24        state or of the United States.
 25        (g)  Practicing  Representing  oneself as a certified public accountant or
 26        licensed public accountant during any period in which the license  of  the
 27        person so practicing has been suspended or revoked by the board.
 28        (h)  Cancellation,  revocation,  suspension or refusal to renew or grant a
 29        certificate or authority to practice as a certified public  accountant  or
 30        licensed  public  accountant  license  or privileges under section 54-227,
 31        Idaho Code, for disciplinary reasons by any other state,  for  any  cause.
 32        other  than  failure  to pay an annual registration or license fee in such
 33        other state.
 34        (i)  Practicing as  a  certified  public  accountant  or  licensed  public
 35        accountant  under a false or assumed name; provided, however, this subsec-
 36        tion shall have no application to practicing as a certified public accoun-
 37        tant or licensed public accountant under the name of a practice unit firm,
 38        when such style or name is in conformity with a type or form  approved  by
 39        the rules of the board.
 40        (j)  Habitual  use  of  drugs or intoxicants to such a degree as to render
 41        the licensee unreliable and  unfit  to  practice  as  a  certified  public
 42        accountant or licensed public accountant.
 43        (k)  Suspension  or  revocation of the right to practice before any agency
 44        of the United States government or of the state of Idaho,  for  any  cause
 45        other than failure to pay a registration or similar fee.
 46        (l)  Having  been  declared  mentally  incompetent by a court of competent
 47        jurisdiction; provided, however, that when a person's license  shall  have
 48        been revoked or suspended for this cause, such license shall be reinstated
 49        by the board when said disability is judicially removed.
 50        (m)  Nonpayment  of  the annual license fee required by this chapter, said
 51        nonpayment having continued for a period of thirty  (30)  days  after  the
 52        expiration of the previous license.
 53        (n)  Holding  out Representing oneself as qualified or authorized to prac-
 54        tice as a certified public accountant or  licensed  public  accountant  in
 55        this  state,  or  practicing public accountancy without holding a current,
                                                                        
                                           18
                                                                        
  1        valid, unrevoked and unsuspended certificate and  license  issued  by  the
  2        board or privileges under section 54-227, Idaho Code.
  3        (o)  Performance  of  any  fraudulent  act  while  holding  a certificate,
  4        license, permit or privileges under this chapter.
  5        (p)  Any conduct reflecting adversely upon the licensee's fitness to  per-
  6        form  services  while  a  licensee, or individual granted privileges under
  7        section 54-227, Idaho Code.
  8        (2)  The expenses, including attorney's fees, incurred by  the  board  for
  9    any  or all proceedings initiated against a person for violation of any of the
 10    provisions of this chapter may be charged against such person  by  the  board,
 11    upon  the  finding of a violation of this chapter, in addition to any adminis-
 12    trative penalties which may be levied by the board against such person. Admin-
 13    istrative penalties levied by the board shall not exceed one two thousand five
 14    hundred dollars ($1,02,500) per violation.
 15        (3)  In lieu of or in addition to any remedy  specifically  provided,  the
 16    board may require of a licensee or a practice unit firm:
 17        (a)  A  quality  peer  review  conducted  in such fashion as the board may
 18        specify;
 19        (b)  Preissuance review;
 20        (c)  Satisfactory completion of  such  continuing  professional  education
 21        programs  or examinations as the board may specify; and
 22        (d)  Other similar remedies.
 23        (4)  In  any action brought under the provisions of this chapter, evidence
 24    of the commission of a single act prohibited in this chapter shall  be  suffi-
 25    cient  to  justify  a  suspension,  revocation,  fine, administrative penalty,
 26    restriction, reprimand, injunction, restraining order, conviction or any other
 27    remedy authorized in this chapter. Evidence of a  general  course  of  conduct
 28    shall not be required.
                                                                        
 29        SECTION  17.  That  Section 54-220, Idaho Code, be, and the same is hereby
 30    amended to read as follows:
                                                                        
 31        54-220.  USE OF TITLE -- VALID LICENSE TO PRACTICE. (1)  No  person  shall
 32    assume  or  use  the  title  or  designation  "certified public accountant" or
 33    "licensed public accountant" or any other title, designation, words,  letters,
 34    abbreviations,  sign, card or device tending to indicate that such person is a
 35    certified public accountant or licensed public accountant unless  such  person
 36    holds  a  license or is granted privileges as a certified public accountant or
 37    licensed public accountant pursuant to chapter 2, title 54, Idaho Code.
 38        (2)  No person, proprietorship, partnership or  corporation  or  firm  not
 39    licensed,  granted  privileges  or  registered  pursuant to this chapter shall
 40    assume or use the title  or  designation  "certified  accountant,"  "chartered
 41    accountant,"  "public  accountant,"  "enrolled  accountant," "licensed accoun-
 42    tant,"  "registered  accountant,"   "accredited   accountant,"   "accountant,"
 43    "auditor"  or  other titles, or designation or abbreviation  likely to be con-
 44    fused with the  titles  "certified  public  accountant"  or  "licensed  public
 45    accountant."  or  use any of the abbreviations "CA," "LA," "LPA," "CPA," "RA,"
 46    "AA," or similar abbreviation likely to be  confused  with  the  abbreviations
 47    "CPA"  or  "LPA." The title "enrolled agent" or "EA" may only be used by indi-
 48    viduals so designated by the internal  revenue  service.  Notwithstanding  the
 49    provisions of this section, the board may adopt rules authorizing and limiting
 50    the use of specific titles and designations granted by recognized professional
 51    societies or associations.
 52        (3)  No person, proprietorship, partnership or corporation not licensed or
 53    registered  pursuant to this chapter shall assume or use any title or designa-
                                                                        
                                           19
                                                                        
  1    tion that includes the words "accountant," "auditor" or "accounting"  in  con-
  2    nection  with  any  other  language,  including the language of a report, that
  3    implies that such person, proprietorship, partnership  or  corporation  is  so
  4    licensed  or registered or has special competence as an accountant or auditor;
  5    provided however, that this subsection does not prohibit any officer, partner,
  6    member or employee of any organization from  affixing  his  signature  to  any
  7    statement  in reference to the financial affairs of such organization with any
  8    wording designating the position, title or office that he  holds  therein  nor
  9    prohibit  any  act  of a public official or employee in the performance of his
 10    duties as such.
 11        (4)  No business entity shall provide attest or  compilation  services  or
 12    assume  or  use  the  title "certified public accountants" or "licensed public
 13    accountants" or the abbreviation "CPAs," "LPAs" or any other  title,  designa-
 14    tion,  words, letters, abbreviations, sign, card or device tending to indicate
 15    that such business entity is a firm unless: (a) the business entity is a  firm
 16    registered  pursuant  to  this  chapter,  and  (b) ownership of the firm is in
 17    accord with this chapter and rules promulgated by the board.
                                                                        
 18        SECTION 18.  That Section 54-221, Idaho Code, be, and the same  is  hereby
 19    amended to read as follows:
                                                                        
 20        54-221.  ISSUANCE  OF  A  REPORT. (1) Only those practice units registered
 21    pursuant to this chapter licensees shall  issue  a  report  on  the  financial
 22    statements  of  any  other  person, firm, organization or governmental unit or
 23    offer to render or render  any  attest  or  compilation  service,  as  defined
 24    herein.  This  prohibition does not apply to any officer, partner, employee or
 25    member of any organization affixing their signature to any statement or report
 26    in reference to the financial affairs of such firm or  organization  with  any
 27    wording  designating the position, title or office that they hold therein; nor
 28    prohibit any act of a public official or employee in the performance of  their
 29    duties  as  such; nor prohibit the performance by any person of other services
 30    involving the use of accounting  skills,  including  the  preparation  of  tax
 31    returns, management, financial advisory or consulting services, and the prepa-
 32    ration  of financial statements without the issuance of reports, as defined in
 33    section 54-206, Idaho Code.
 34        (2)  The prohibition contained in subsection (1) of this section is appli-
 35    cable to issuance, by a person or firm not  holding  a  valid  license,  of  a
 36    report  using any form of language conventionally used by licensees respecting
 37    a review of financial statements or  respecting  a  compilation  of  financial
 38    statements.
 39        (3)  No  corporation  shall  affix  its  name to a report on the financial
 40    statements of any other person, firm, organization or governmental unit unless
 41    it is a professional public accounting  corporation,  as  defined  in  section
 42    54-206,  Idaho Code No licensee or individual granted privileges under section
 43    54-227, Idaho Code, shall perform attest services through any form of business
 44    that is not registered under the provisions of section 54-214, Idaho Code,  or
 45    an equivalent provision of the laws of another state.
 46        (4)  No firm of any kind or nature shall affix its name to a report on the
 47    financial  statements  of any other person, firm, organization or governmental
 48    unit unless all of its owners, partners, officers, shareholders or members who
 49    regularly work in the state of Idaho are themselves persons licensed as certi-
 50    fied public accountants or licensed public accountants pursuant to this  chap-
 51    ter,  and  all  other  partners, officers, shareholders or members are persons
 52    licensed as certified public accountants or  licensed  public  accountants  in
 53    some other state No licensee shall issue a compilation report through any form
                                                                        
                                           20
                                                                        
  1    of  business  that  is  not registered under the provisions of section 54-214,
  2    Idaho Code, unless the report discloses the name of the business through which
  3    the individual is issuing the report, and the individual:
  4        (a)  Signs the compilation report identifying the individual as a  CPA  or
  5        LPA;
  6        (b)  Meets  the  competency  requirements  provided in this chapter and by
  7        board rule; and
  8        (c)  Undergoes no less frequently than once every three (3) years, a  peer
  9        review  conducted  in  such manner as the board shall by rule specify, and
 10        such review shall include verification that such individual  has  met  the
 11        competency  requirements  set  out in professional standards for such ser-
 12        vices.
 13        (5)  A licensee or firm that does not issue reports  may  issue  financial
 14    statements  without  reports only if the financial statements include the dis-
 15    claimer language of section 54-226(3), Idaho Code.
                                                                        
 16        SECTION 19.  That Chapter 2, Title 54, Idaho Code, be,  and  the  same  is
 17    hereby  amended by the addition thereto of a NEW SECTION, to be known and des-
 18    ignated as Section 54-227, Idaho Code, and to read as follows:
                                                                        
 19        54-227.  SUBSTANTIAL EQUIVALENCY. (1) A person whose  principal  place  of
 20    business is not in this state and who has a valid certificate and license as a
 21    certified  public  accountant from any state which the board has determined to
 22    be substantially equivalent to this chapter shall be presumed to have qualifi-
 23    cations substantially equivalent to this state's requirements and  shall  have
 24    all  the  privileges  of  licensees of this state without the need to obtain a
 25    license. However, such persons shall notify the board of their intent to enter
 26    the state under this provision.
 27        (2)  A person whose principal place of business is not in this  state  and
 28    who  has a valid certificate and license as a certified public accountant from
 29    any state which the board has not determined to be substantially equivalent to
 30    this chapter shall be presumed to have qualifications substantially equivalent
 31    to this state's requirements and shall have all the privileges of licensees of
 32    this state without the need to obtain a license only  if  such  person  demon-
 33    strates  that  his  or  her qualifications are substantially equivalent to the
 34    licensure requirements of this chapter. Such persons shall notify the board of
 35    their intent to enter the state under this provision in the manner provided by
 36    rules of the board. The board may charge a fee for such  notification  as  set
 37    forth in section 54-212, Idaho Code, and as prescribed by rules of the board.
 38        (3)  Licensees  of  other  states  exercising the privilege afforded under
 39    this section hereby consent, as a condition of the grant of this privilege:
 40        (a)  To the personal and  subject  matter  jurisdiction  and  disciplinary
 41        authority of the board;
 42        (b)  To comply with this chapter and the board's rules; and
 43        (c)  To the appointment of the state boards which issued their licenses as
 44        their  agents  upon whom process may be served in any action or proceeding
 45        by this state's board against such licensees.
 46        (4)  A licensee of this state offering or rendering services or using  the
 47    CPA  title  in  another  state shall be subject to disciplinary action in this
 48    state for an act committed in another state for which the  licensee  would  be
 49    subject  to  discipline for an act committed in another state. Notwithstanding
 50    the board's enforcement authority granted by this  chapter,  the  board  shall
 51    investigate any complaint made by the board of accountancy of another state.
                                                                        
 52        SECTION  20.  That  Chapter  2,  Title 54, Idaho Code, be, and the same is
                                                                        
                                           21
                                                                        
  1    hereby amended by the addition thereto of a NEW SECTION, to be known and  des-
  2    ignated as Section 54-228, Idaho Code, and to read as follows:
                                                                        
  3        54-228.  CONSTRUCTION  -- SEVERABILITY. The provisions of this chapter are
  4    hereby declared to be severable and if any provision of this  chapter  or  the
  5    application  of  such  provision  to  any  person  or circumstance is declared
  6    invalid for any reason, such declaration shall not affect the validity of  the
  7    remaining portions of this act.

Statement of Purpose / Fiscal Impact


                       STATEMENT OF PURPOSE

                            RS 1l4O5Cl

This legislation would modernize the regulation of the practice of 
accounting in Idaho. Based on the Uniform Accountancy Act which was 
developed by the American Institute of CPAs and the National 
Association of State Boards of Accountancy, this legislation moves 
toward a regulatory framework which is more consistent with other 
states. It would remove existing barriers accountants face in 
practicing in Idaho and, by allowing reciprocal practice rights 
to people who are licensed in states with substantially equivalent 
requirements, would facilitate the interstate practice of accounting 
for accountants licensed in Idaho and elsewhere, recognizing that 
many clients who need accounting services operate in more than one 
state. It would also afford the State Board of Accountancy the 
ability to protect the public interest by monitoring and regulating 
the practice of accounting in Idaho by accountants whose businesses 
are not located in this state.


                           FISCAL IMPACT



This bill will have no impact on the General Fund.



Contact
Name:	Ken McClure, Givens Pursley LLP
Phone:	388-1200
Melissa Nelson, Idaho Society of CPAs, 344 6261
Barbara Porter, State Board of Accountancy, 334 2490



STATEMENT OF PURPOSE/FISCAL NOTE		H 485