The Board proposes the rule amendment to clarify the dollar amount of irrevocable letter of credit required for certain Florida firms for use in meeting the minimum capitalization requirements to engage in the practice of public accounting and to ...

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Board of Accountancy

RULE NO.: RULE TITLE:
61H1-26.002: Minimum Capitalization or Adequate Public Liability Insurance for Florida Firms with the Exception of a Sole Proprietorship
PURPOSE AND EFFECT: The Board proposes the rule amendment to clarify the dollar amount of irrevocable letter of credit required for certain Florida firms for use in meeting the minimum capitalization requirements to engage in the practice of public accounting and to remove language concerning submission of financial statements.
SUBJECT AREA TO BE ADDRESSED: Minimum Capitalization or Adequate Public Liability Insurance for Florida Firms with the Exception of a Sole Proprietorship.
RULEMAKING AUTHORITY: 473.304, 473.309 FS.
LAW IMPLEMENTED: 473.309 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Veloria A. Kelly, Executive Director, Board of Accountancy, 240 N.W. 76th Drive, Suite A, Gainesville, Florida 32607

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.