SB1713 Summary

• Extends the repeal date of the Illinois Public Accounting Act from January 1, 2024 to January 1, 2029 under the Regulatory Sunset Act.

• Requires all CPA applicants and registrants to provide valid address and email address to the Department, with notification of any changes within 14 days.

• Mandates that license applications include the applicant's federal individual taxpayer identification number.

• Requires CPA firms and sole practitioners undergoing peer review to submit peer review reports, response letters, acceptance letters, and completion documentation to the Department within 45 days.

• Changes the appointment of the CPA Coordinator from part-time to full-time and modifies hearing officer reporting to submit findings only to the Committee rather than to both the Committee and Secretary.