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Home > Agendas > 2005-2006 > P&FR > Board of Accountancy

2005-2006 Regulatory Agendas

02-280
Board of Accountancy

AGENCY UMBRELLA-UNIT NUMBER: 02-280
AGENCY NAME: Office of Licensing and Registration, Board of Accountancy

CONTACT PERSON: Cheryl Hersom, Board Administrator, Office of Licensing and Registration, Augusta, ME 04333, tel. 207/624-8605

EMERGENCY RULES ADOPTED SINCE THE LAST REGULATORY AGENDA: None

EXPECTED 2005-2006 RULE-MAKING ACTIVITY:

CHAPTER 1: Definitions
STATUTORY AUTHORITY: 32 M.R.S.A. 12214(4)
PURPOSE: The Board may review and revise its rules to ensure clarity and conformity with the enabling statute by clarifying the Computer-Based examination requirements.
ANTICIPATED SCHEDULE: Prior to July, 2006.
AFFECTED PARTIES: Certified Public Accountants, Public Accountants, Accountancy Firms and the general public.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 2: General Information
STATUTORY AUTHORITY: 32 M.R.S.A. 12214(4)
PURPOSE: The Board may review and revise its rules to ensure clarity and conformity with the enabling statute by clarifying the guidelines relating to meetings, advisory rulings, and maintenance of records.
ANTICIPATED SCHEDULE: Prior to July, 2006.
AFFECTED PARTIES: Certified Public Accountants, Public Accountants and the general public
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 3: Examination Requirements
STATUTORY AUTHORITY: 32 M.R.S.A. 12214(4), 12228(4), 12240(4)
PURPOSE: The Board may review and revise its rules to ensure clarity and conformity with the enabling statute by clarifying the Computer-Based examination to be administered to Certified Public Accountants and Public Accountants.
ANTICIPATED SCHEDULE: Prior to July, 2006.
AFFECTED PARTIES: Certified Public Accountants, Public Accountants and the general public
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 4: Application for Certificate
STATUTORY AUTHORITY: 32 M.R.S.A. 12214(4), 12228(10), 12240(2)
PURPOSE: The Board may review and revise its rules to ensure clarity and conformity with the enabling statute by clarifying the certification requirements for Certified Public Accountants and Public Accountants.
ANTICIPATED SCHEDULE: Prior to July, 2006.
AFFECTED PARTIES: Certified Public Accountants, Public Accountants and the general public
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 5: Permits to Practice, Individual
STATUTORY AUTHORITY: 32 M.R.S.A. 12214(4), 12251(4)(b)(3), 12251(5)
PURPOSE: The Board may review and revise its rules to ensure clarity and conformity with the enabling statute by clarifying the requirements for individual permits to practice and continuing professional education requirements for maintaining licensure.
ANTICIPATED SCHEDULE: Prior to July, 2006.
AFFECTED PARTIES: Certified Public Accountants, Public Accountants and the general public
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 6: Permits to Practice, Firms
STATUTORY AUTHORITY: 32 M.R.S.A. 12214(4), 12252(2)
PURPOSE: The Board may review and revise its rules to ensure clarity and conformity with the enabling statute by clarifying the requirements for firm permits to practice.
ANTICIPATED SCHEDULE: Prior to July, 2006.
AFFECTED PARTIES: Accountancy Firms and the general public
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 8: Rules of Professional Conduct
STATUTORY AUTHORITY: 32 M.R.S.A. 12214(4)
PURPOSE: The Board may review and revise its rules to ensure clarity and conformity with the enabling statute by adopting a code of professional conduct.
ANTICIPATED SCHEDULE: Prior to July, 2006.
AFFECTED PARTIES: Certified Public Accountants, Public Accountants, Accountancy Firms and the general public
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.