HF893 Summary

• Expands the definition of "attest" services to include audits and engagements performed under Generally Accepted Government Auditing Standards (GAGAS) and reviews performed under Statements on Standards for Accounting and Review Services (SSARS)

• Creates a new "retired status" for CPAs age 55 or older who are no longer practicing, exempting them from continuing education and renewal fee requirements while allowing them to use the title "Certified Public Accountant - Retired"

• Modifies service requirements for cease and desist orders and disciplinary actions, expanding methods of service to include first class mail, certified mail, and overnight express mail

• Adds authority for the board to take disciplinary action against persons with lapsed licenses, certificates, or permits within two years after they become invalid

• Eliminates the CPA examination application fee ($40) and adds a temporary military certificate fee of $100