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IN HB1309
Bill
Status
1/12/2016
Primary Sponsor
Heath VanNatter
Click for details
AI Summary
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Removes obsolete references to "quality review" and replaces them with "peer review" throughout Indiana Code provisions governing certified public accountants and public accounting firms, with the transition occurring on July 1, 2012
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Requires public accounting firms to submit a copy of their most recently accepted peer review results to the board of accountancy either directly or through the peer review program's administering entity as a condition of permit renewal
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Clarifies that any reference to "quality review" in laws, rules, or documents after June 30, 2012 shall be treated as a reference to "peer review"
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Maintains existing peer review requirements for firms renewing permits, including reviews conducted not more than once every three years, while allowing compliance through satisfactory equivalent reviews from the preceding three-year period
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Becomes effective July 1, 2016
Legislative Description
Certified public accountants. Removes obsolete references to quality review as a condition of renewal of a permit to practice accountancy for a certified public accountant or public accounting firm. Requires a firm to submit a copy of the results of its most recently accepted peer review to the board of accountancy either directly or through the administering entity of the peer review program.
Last Action
Representative Niezgodski added as coauthor
1/14/2016