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Home > Agendas > 2007-2008 > P&FR > Board of Accountancy

2007-2008 Regulatory Agendas

02-280
Board of Accountancy

AGENCY UMBRELLA-UNIT NUMBER: 02-280
AGENCY NAME: Department of Professional and Financial Regulation, 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 2007-2008 RULE-MAKING ACTIVITY:

CHAPTER 1: Definitions
STATUTORY AUTHORITY: 32 MRSA §12214(4)
PURPOSE: Clarify and defines terms used throughout the Board’s rules. The Board may review this chapter for conformance with statutes and make updates as may be necessary.
SCHEDULE FOR ADOPTION: Within one year, if necessary.
AFFECTED PARTIES: Licensees.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 2: General Information
STATUTORY AUTHORITY: 32 MRSA §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.
SCHEDULE FOR ADOPTION: Within one year, if necessary.
AFFECTED PARTIES: Licensees.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 3: Examination Requirements
STATUTORY AUTHORITY: 32 MRSA §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.
SCHEDULE FOR ADOPTION: Within one year, if necessary.
AFFECTED PARTIES: Licensees.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 4: Application for Certificate
STATUTORY AUTHORITY: 32 MRSA §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.
SCHEDULE FOR ADOPTION: Within one year, if necessary.
AFFECTED PARTIES: Licensees.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 5: Permits to Practice, Individual
STATUTORY AUTHORITY: 32 MRSA §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.
SCHEDULE FOR ADOPTION: Within one year, if necessary.
AFFECTED PARTIES: Licensees.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 6: Permits to Practice, Firms
STATUTORY AUTHORITY: 32 MRSA §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.
SCHEDULE FOR ADOPTION: Within one year, if necessary.
AFFECTED PARTIES: Licensees.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.

CHAPTER 8: Rules of Professional Conduct
STATUTORY AUTHORITY: 32 MRSA §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.
SCHEDULE FOR ADOPTION: Within one year, if necessary.
AFFECTED PARTIES: Licensees.
CONSENSUS-BASED RULE DEVELOPMENT: Not contemplated.