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 Full Text Bill Status