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AL SB37
Bill
Status
2/5/2013
Primary Sponsor
Thomas Whatley
Click for details
AI Summary
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Prohibits licensed accountants and certified public accountants (CPAs) in Alabama from charging contingent fees for preparing or compiling financial documents intended for use in court filings
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Applies to financial documents that the accountant or CPA expects or might reasonably expect a third party will use in an Alabama court filing
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Allows contingent fees only if the financial document clearly states the accountant or CPA has no contractual relationship with the client and works independently
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Violations constitute a Class B misdemeanor punishable as provided by law
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Becomes effective immediately upon passage and approval by the Governor
Legislative Description
Accountants, CPA's licensed in Alabama prohibited from charging a contigent fee for preparation of financial document used in a claim in a court in Alabama, Class B misdemeanor
Accountancy
Last Action
Read for the first time and referred to the Senate committee on Judiciary
2/5/2013