NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

Board of Accountancy, Regulation and Licensing Department

SUMMARY

Synopsis of SCORC Amendment

The amendment places an emergency clause on the bill which would make it effective upon signature by the Governor.

Synopsis of Original Bill

Senate Bill 677 amends the 1999 Public Accountancy Act to initiate a technical correction which reinstates the opportunity for Certified Public Accountants to represent clients before tax authorities, courts or other public authorities on a contingent fee basis.

Significant Issues

Reestablishing this provision enhances protection of the public interest by reinstating opportunity for public access to professional services of Certified Public Accountants regulated by the state. Others providing such services may not be regulated.

MV/ar/njw