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IN SB0497

Bill

Official Source

Status

Introduced

1/14/2013

Primary Sponsor

John Broden

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Requires a firm permit for accounting practitioners working for clients as contractors (not employees)
  • Increases the maximum consecutive terms for Indiana Board of Accountancy members from two to three complete terms
  • Doubles the annual fee for accounting certificate holders from $10 to $20 to fund enforcement activities
  • Raises the accountant investigative fund threshold from $750,000 to $1,000,000 before excess funds revert to the state general fund
  • Creates a "retired" status designation for CPAs who discontinue practice, allowing them to use "CPA retired" without meeting continuing education requirements
  • Removes the requirement that violations of licensing law be "knowing" to impose civil penalties of up to $25,000 per violation

Legislative Description

Regulation of accountancy.

Last Action

Senator Broden added as second author

1/24/2013

Committee Referrals

Commerce, Economic Development & Technology1/14/2013

Full Bill Text

No bill text available