Illinois General Assembly - Full Text of HB2726
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Full Text of HB2726  98th General Assembly


Rep. Robert Rita

Filed: 3/21/2013





09800HB2726ham001LRB098 10780 MGM 42349 a


2    AMENDMENT NO. ______. Amend House Bill 2726 on page 25,
3lines 10 through 11, by replacing "item (2) of subsection (b)
4of Section 14" with "paragraph (1) of Section 14.4 item (2) of
5subsection (b) of Section 14"; and
6on page 37, line 2, by replacing "subsection (b) of Section 14"
7with "Section 14.4 subsection (b) of Section 14"; and
8on page 44, line 21, by deleting "of"; and
9on page 45, by replacing lines 3 through 26 with the following:
10    "(f) Any licensed CPA whose license is in inactive status
11may use the title "CPA (inactive)" if:
12        (1) he or she is not performing accountancy activities
13    outlined in Section 8.05; or
14        (2) he or she is performing governance functions on a
15    non-profit volunteer board using his or her accountancy



09800HB2726ham001- 2 -LRB098 10780 MGM 42349 a

1    skills and competencies and complies with the following
2    requirements:
3            (A) he or she discloses to the non-profit volunteer
4        board and respective committees that his or her license
5        is on inactive status; and
6            (B) he or she is not serving as an audit committee
7        financial expert as defined in Section 407 of the
8        federal Sarbanes-Oxley Act of 2002."; and
9on page 67, lines 2 and 3, by deleting "have 60 days after
10receiving the report to".