The Board proposes the rule amendment to update language concerning the certified public accountant.  


  • Rule No.: RULE TITLE
    61H1-20.016: Non-CPA Shareholders, Partners, and Members
    PURPOSE AND EFFECT: The Board proposes the rule amendment to update language concerning the certified public accountant.
    SUMMARY: Language concerning the certified public accountant will be updated.
    SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared. The Board determined the proposed rules will not have an impact on small business.
    Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
    SPECIFIC AUTHORITY: 473.304 FS., s. 1, Chapter 97-35, Laws of Florida.
    LAW IMPLEMENTED: s. 1, Chapter 97-35, Laws of Florida.
    IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
    THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Veloria A. Kelly, Division Director, Board of Accountancy, 240 N.W. 76th Drive, Suite A, Gainesville, Florida 32607

    THE FULL TEXT OF THE PROPOSED RULE IS:

    61H1-20.016 Non-CPA Shareholders, Partners and Members.

    (1) For purposes of Chapter 473, F.S., and these rules, the terms non-CPA shareholders, partners, and members shall be deemed and construed to mean natural persons materially participating in the business conducted by the firm and when their participation ceases, their interest shall revert to the firm.

    (2) Non-CPA shareholders, partners, and members shall not hold themselves out as cCertified pPublic aAccountants or Public Accountants.

    Rulemaking Specific Authority 473.304 FS., s. 1, Chapter 97-35, Laws of Florida. Law Implemented s. 1, Chapter 97-35, Laws of Florida. History–New 2-5-98, Amended_________.


    NAME OF PERSON ORIGINATING PROPOSED RULE: Board of Accountancy
    NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Board of Accountancy
    DATE PROPOSED RULE APPROVED BY AGENCY HEAD: July 17, 2009
    DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: July 31, 2009

Document Information

Comments Open:
7/30/2010
Summary:
Language concerning the certified public accountant will be updated.
Purpose:
The Board proposes the rule amendment to update language concerning the certified public accountant.
Rulemaking Authority:
473.304 FS., s. 1, Chapter 97-35, Laws of Florida.
Law:
s. 1, Chapter 97-35, Laws of Florida.
Contact:
Veloria A. Kelly, Division Director, Board of Accountancy, 240 N.W. 76th Drive, Suite A, Gainesville, Florida 32607
Related Rules: (1)
61H1-20.016. Non-CPA Shareholders, Partners and Members