92nd General Assembly
Summary of SB1284
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Senate Sponsors:
MADIGAN,R.

House Sponsors:
WAIT-TENHOUSE-BLACK

Short description: 
IL PUBLIC ACCOUNTING ACT                                                   

Synopsis of Bill as introduced:
        Amends the Illinois Public Accounting  Act.   Makes  a  technical      
   change in a Section concerning the purpose of the Act.                      
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          225 ILCS 450/0.02                                                    
          Adds reference to:                                                   
          5 ILCS 80/4.14                  from Ch. 127, par. 1904.14           
          5 ILCS 80/4.24 new                                                   
          225 ILCS 450/0.03               from Ch. 111, par. 5500.03           
          225 ILCS 450/1                  from Ch. 111, par. 5501              
          225 ILCS 450/2                  from Ch. 111, par. 5502              
          225 ILCS 450/3                  from Ch. 111, par. 5504              
          225 ILCS 450/6                  from Ch. 111, par. 5507              
          225 ILCS 450/7                  from Ch. 111, par. 5508              
          225 ILCS 450/8                  from Ch. 111, par. 5509              
          225 ILCS 450/9.01                                                    
          225 ILCS 450/9.02 new                                                
          225 ILCS 450/9.2                from Ch. 111, par. 5510.2            
          225 ILCS 450/11                 from Ch. 111, par. 5512              
          225 ILCS 450/13                 from Ch. 111, par. 5514              
          225 ILCS 450/14                 from Ch. 111, par. 5515              
          225 ILCS 450/14.1                                                    
          225 ILCS 450/14.2                                                    
          225 ILCS 450/14.3                                                    
          225 ILCS 450/16                 from Ch. 111, par. 5517              
          225 ILCS 450/17                 from Ch. 111, par. 5518              
          225 ILCS 450/17.1               from Ch. 111, par. 5518.1            
          225 ILCS 450/17.2               from Ch. 111, par. 5518.2            
          225 ILCS 450/19                 from Ch. 111, par. 5520              
          225 ILCS 450/20.01              from Ch. 111, par. 5521.01           
          225 ILCS 450/20.1               from Ch. 111, par. 5522              
          225 ILCS 450/20.2               from Ch. 111, par. 5523              
          225 ILCS 450/20.3               from Ch. 111, par. 5524              
          225 ILCS 450/20.4               from Ch. 111, par. 5525              
          225 ILCS 450/20.5               from Ch. 111, par. 5526              
          225 ILCS 450/20.6               from Ch. 111, par. 5526.6            
          225 ILCS 450/21                 from Ch. 111, par. 5527              
          225 ILCS 450/26                 from Ch. 111, par. 5532              
          225 ILCS 450/27                 from Ch. 111, par. 5533              
          225 ILCS 450/28                 from Ch. 111, par. 5534              
          225 ILCS 450/30                 from Ch. 111, par. 5535              
          225 ILCS 450/30.1               from Ch. 111, par. 5535.1            
          225 ILCS 450/32                 from Ch. 111, par. 5537              
        Replaces  everything  after  the  enacting  clause.   Amends  the      
   Regulatory Sunset Act to extend the  repeal  of  the  Illinois  Public      
   Accounting  Act  to  January  1,  2014.   Amends  the  Illinois Public      
   Accounting Act.  Provides for  certification  as  a  certified  public      
   accountant  from the Board of Examiners, rather than the University of      
   Illinois, and makes changes to reflect that change.  Makes changes  in      
   the  Board of Examiners, including providing that the Governor, rather      
   than the University of Illinois, shall appoint the Board, and  expands      
   its  powers  and duties concerning licensure.  Changes references from      
   "public  accountant"  to  "licensed  certified   public   accountant".      
   Deletes  the  provisions  creating  the Public Accountant Registration      
   Committee.  Makes changes in provisions regarding use of a title  that      
   indicates   that   the   person  is  a  certified  public  accountant,      
   examinations,  qualifications  of  applicants,  fees  and  payment  of      
   expenses of  the  Board,  licensure,  qualifications,  expiration  and      
   renewal  of  licenses,  fees,  grounds for discipline, investigations,      
   notice and hearing, administration of oaths,  rehearing,  and  orders.      
   Makes  other changes.   Some parts of the amendatory Act are effective      
   immediately, others are effective on July 1, 2004.                          
        HOUSE AMENDMENT NO. 2.                                                 
        Further amends the Illinois Public Accounting Act.   Removes  the      
   requirement  that  the  public  members  of  the Board of Examiners be      
   persons who are not licensed or certified under the Act or  a  similar      
   Act  of  another  jurisdiction  and  who  have  no connection with the      
   accounting  or  public   accounting   profession.    Changes   certain      
   references  from  "public  accountant"  to  "licensed certified public      
   accountant".  Changes certain references from "Department" to "Board".      
   Deletes provisions making certain investigation provisions  applicable      
   to  certificate  holders.  Deletes the definitions of "Department" and      
   "Director".                                                                 
 
Last action on Bill: PUBLIC ACT.............................. 92-0457

   Last action date: AUG-21-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


   END OF INQUIRY 
                                                                               



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