The Board proposes a rule amendment based on the changes to Section 473.312, F.S., to reflect the reduction of CPE hours required from 25% (20 hours) to 10% (8 hours) in accounting-related and/or auditing-related subjects.  

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    DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

    Board of Accountancy

    RULE NO.:RULE TITLE:

    61H1-33.003Continuing Professional Education

    PURPOSE AND EFFECT: The Board proposes a rule amendment based on the changes to Section 473.312, F.S., to reflect the reduction of CPE hours required from 25% (20 hours) to 10% (8 hours) in accounting-related and/or auditing-related subjects.

    SUMMARY: The rule amendment updates the rule language to reflect the minimum requirements for continuing professional education hours.

    SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

    The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

    The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: During discussion of the economic impact of this rule at its Board meeting, the Board concluded that this rule change will not have any impact on licensees and their businesses or the businesses that employ them. The rule will not increase any fees, business costs, personnel costs, will not decrease profit opportunities, and will not require any specialized knowledge to comply. This change will not increase any direct or indirect regulatory costs. Hence, the Board determined that a Statement of Estimated Regulatory Costs (SERC) was not necessary and that the rule will not require ratification by the Legislature. No person or interested party submitted additional information regarding the economic impact at that time.

    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.

    RULEMAKING AUTHORITY: 455.213(6), 455.2179, 473.304, 473.312 FS.

    LAW IMPLEMENTED: 455.213(6), 455.2179, 473.312(1)(a), (c) FS.

    IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

    THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Roger Scarborough, Division Director, Board of Accountancy, 240 NW 76th Dr., Suite A, Gainesville, Florida 32607, Roger.Scarborough@myfloridalicense.com.

     

    THE FULL TEXT OF THE PROPOSED RULE IS:

     

    61H1-33.003 Continuing Professional Education.

    (1)(a) In any given reestablishment period, each current/active Florida certified public accountant must have completed at any time or times during the two-year period, at least 80 hours of educational instruction or training in public accounting subjects or courses of study, as defined hereinafter, of which at least 8 20 hours must have been in accounting-related and/or auditing-related subjects and of which no more than 20 hours may be in behavioral subjects and at least four hours shall be in Florida Board-approved ethics.

    (b) No change.

    (2) through (6) No change.

    Rulemaking Authority 455.213(6), 455.2179, 473.304, 473.312 FS. Law Implemented 455.213(6), 455.2179, 473.312(1)(a), (c) FS. History–New 12-4-79, Amended 2-3-81, 4-5-83, 10-19-83, 8-20-85, Formerly 21A-33.03, Amended 9-18-88, 7-7-92, 12-2-92, Formerly 21A-33.003, Amended 12-14-93, 1-26-98, 12-17-00, 8-21-01, 3-21-05, 5-18-05, 7-10-05, 7-23-06, 12-10-09, 7-7-10, 11-7-12, 8-7-13, 4-21-16, _________.

     

    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 12, 2019

    DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: August 20, 2019

Document Information

Comments Open:
9/5/2019
Summary:
The rule amendment updates the rule language to reflect the minimum requirements for continuing professional education hours.
Purpose:
The Board proposes a rule amendment based on the changes to Section 473.312, F.S., to reflect the reduction of CPE hours required from 25% (20 hours) to 10% (8 hours) in accounting-related and/or auditing-related subjects.
Rulemaking Authority:
455.213(6), 455.2179, 473.304, 473.312 FS.
Law:
455.213(6), 455.2179, 473.312(1)(a), (c) FS.
Contact:
Roger Scarborough, Division Director, Board of Accountancy, 240 NW 76th Dr., Suite A, Gainesville, Florida 32607, Roger.Scarborough@myfloridalicense.com.
Related Rules: (1)
61H1-33.003. Continuing Professional Education