Text: S05086 Text: S05088 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 2415 as follows:
1 2 #1. Page 5, line 35, by inserting after the word
1 3 "public." the following: "A certified or licensed
1 4 member of the board shall be actively engaged in
1 5 practice as a certified public accountant or as an
1 6 accounting practitioner and shall have been so engaged
1 7 for five years preceding appointment, the last two of
1 8 which shall have been in this state."
1 9 #2. Page 6, by striking lines 29 through 33 and
1 10 inserting the following: "places as may be fixed by
1 11 the board. A majority of".
1 12 #3. Page 8, by striking lines 5 through 12 and
1 13 inserting the following:
1 14 "6. The administrator of the professional
1 15 licensing and regulation division of the department of
1 16 commerce shall provide staffing assistance to the
1 17 board for implementing this chapter."
1 18 #4. By striking page 8, line 31, through page 9,
1 19 line 2, and inserting the following: "evidence."
1 20 #5. Page 9, by inserting after line 24 the
1 21 following:
1 22 " . Rules relating to the propriety of opinions
1 23 on financial statements by a certified public
1 24 accountant who is not independent.
1 25 . Rules relating to actions discreditable to
1 26 the practice as a certified public accountant or
1 27 accounting practitioner.
1 28 . Rules relating to professional confidences
1 29 between a certified public accountant or accounting
1 30 practitioner and a client.
1 31 . Rules governing technical competence and the
1 32 expression of opinions on financial statements.
1 33 . Rules governing the failure to disclose a
1 34 material fact known to the certified public accountant
1 35 or accounting practitioner.
1 36 . Rules relating to a material misstatement
1 37 known to the certified public accountant or accounting
1 38 practitioner.
1 39 . Rules governing negligent conduct in an
1 40 examination or in making a report on an examination.
1 41 . Rules governing failure to direct attention
1 42 to any material departure from generally accepted
1 43 accounting principles."
1 44 #6. Page 10, by striking lines 11 through 28 and
1 45 inserting the following:
1 46 "1. A certificate as a certified public accountant
1 47 may be granted to a person of good moral character who
1 48 makes application pursuant to section 542D.6 and who
1 49 satisfies the education, experience, and examination
1 50 requirements of this section.
2 1 2. An applicant for a certificate who has been
2 2 convicted of forgery, embezzlement, obtaining money
2 3 under false pretenses, theft, extortion, conspiracy to
2 4 defraud, or other similar offense, or of any crime
2 5 involving moral character or honesty, in a court of
2 6 competent jurisdiction in this state, or another
2 7 state, territory, or a district of the United States,
2 8 or in a foreign jurisdiction, may be denied a
2 9 certificate by the board on the grounds of the
2 10 conviction. For purposes of this subsection,
2 11 "conviction" means a conviction for an indictable
2 12 offense and includes a guilty plea, deferred judgment
2 13 from the time of entry of the deferred judgment until
2 14 the time the defendant is discharged by the court
2 15 without entry of judgment, or other finding of guilt
2 16 by a court of competent jurisdiction.
2 17 2A. An applicant for a certificate who has had a
2 18 professional license of any kind revoked in this or
2 19 any other jurisdiction may be denied a certificate by
2 20 the board on the grounds of the revocation.
2 21 2B. A person who makes a false statement of
2 22 material fact on an application for a certificate, or
2 23 who causes to be submitted, or has been a party to
2 24 preparing or submitting a false application for a
2 25 certificate, may be denied a certificate by the board
2 26 on the grounds of the false statement or submission.
2 27 A certificate holder found to have made such a false
2 28 statement or who has caused to be submitted, or was a
2 29 party to preparing or submitting any false application
2 30 for a certificate, may have the holder's certificate
2 31 suspended or revoked by the board on the grounds of
2 32 the false statement or submission.
2 33 2C. A certified public accountant shall notify the
2 34 board of such accountant's conviction of an offense
2 35 included in subsection 2, within sixty days of such
2 36 conviction. Failure of the certified public
2 37 accountant to notify the board of the conviction
2 38 within sixty days of the date of the conviction is
2 39 sufficient grounds for revocation of the certificate.
2 40 2D. The board, when considering the denial or
2 41 revocation of a certificate pursuant to this section,
2 42 shall consider the nature of the offense; any
2 43 aggravating or extenuating circumstances which are
2 44 documented; the time lapsed since the revocation,
2 45 conduct, or conviction; the rehabilitation, treatment,
2 46 or restitution performed by the applicant or
2 47 certificate holder; and any other factors the board
2 48 deems relevant. Character references may be required,
2 49 but shall not be obtained from certified public
2 50 accountants. An applicant shall not be denied a
3 1 certificate because of age, citizenship, race,
3 2 religion, marital status, or national origin, although
3 3 the application may require citizenship information."
3 4 #7. Page 13, line 33, by striking the word
3 5 "thirty" and inserting the following: "sixty".
3 6 #8. Page 18, line 1, by striking the word "thirty"
3 7 and inserting the following: "sixty".
3 8 #9. Page 25, line 10, by striking the figure
3 9 "542D.14" and inserting the following: "542D.13".
3 10 #10. Page 33, line 10, by striking the words ", by
3 11 order," and inserting the following: "may issue an
3 12 order to require compliance with section 542D.15 and".
3 13 #11. Page 34, line 9, by striking the word "shall"
3 14 and inserting the following: "may".
3 15 #12. Page 36, line 33, by inserting after the word
3 16 "the" the following: "board or the".
3 17 #13. Page 37, line 2, by inserting after the word
3 18 "chapter" the following: ", except as to those
3 19 jurisdictions found not to be substantially equivalent
3 20 by the board,".
3 21 #14. Page 37, line 9, by inserting after the word
3 22 "section" the following: "and remit the fee set by
3 23 the board".
3 24 #15. Page 37, line 21, by inserting after the word
3 25 "from" the following: "the board or".
3 26 #16. Page 37, line 23, by inserting after the word
3 27 "verification" the following: ", subject to the
3 28 board's review and approval,".
3 29 #17. Page 37, line 28, by inserting after the word
3 30 "section" the following: "and remit the fee set by
3 31 the board".
3 32 #18. By renumbering as necessary.
3 33
3 34
3 35
3 36 JEFF LAMBERTI
3 37 SF 2415.1
3 38 mj/cc/26
Text: S05086 Text: S05088 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
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