HB 245 -- Accountants

Sponsor:  Treadway

This bill repeals Chapter 326, RSMo, relating to Accountants and
reenacts provisions to be known as the Missouri Accountancy Act.

The bill contains provisions relating to the Missouri State
Board of Accountancy.  The bill:

(1)  Specifies the makeup, powers, and duties of the board;

(2)  Establishes minimum education requirements for applicants;

(3)  Requires the use of a uniform examination for licensing
purposes;

(4)  Creates a one-tier licensing structure, requiring
applicants for licensure to provide proof of practical
experience;

(5)  Establishes certain age and residential requirements;

(6)  Requires the board to design conditions for reexamination;

(7)  Sets continuing education requirements;

(8)  Creates an inactive status for licensees;

(9)  Allows the board to set fees;

(10)  Exempts from licensure persons certified prior to
September 28, 1997;

(11)  Establishes reciprocation guidelines;

(12)  Sets conditions for renewal, suspension, revocation, or
denial of individual licenses or accounting firm permits;

(13)  Prohibits persons or entities from holding themselves out
as being CPA's or CPA firms without being duly licensed; and

(14)  Creates causes in which complaints may be filed against
persons or firms with the Administrative Hearing Commission and
also provides for remedies for aggrieved parties.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:43 am