Current Status Senate Bill Number:
22Ratification Number: 49Act Number: 22Primary Sponsor: PassailaigueType of Legislation: GBSubject: Public accountants, education requirementsDate Bill Passed both Bodies: Apr 05, 1991Computer Document Number: 22Governor's Action: SDate of Governor's Action: Apr 22, 1991Introduced Date: Jan 08, 1991Date of Last Amendment: Feb 28, 1991Last History Body: ------Last History Date: Apr 22, 1991Last History Type: Act No. 22Scope of Legislation: StatewideAll Sponsors: PassailaigueType of Legislation: General Bill
Bill Body Date Action Description CMN ---- ------ ------------ ------------------------------ --- 22 ------ Apr 22, 1991 Act No. 22 22 ------ Apr 22, 1991 Signed by Governor 22 ------ Apr 18, 1991 Ratified R 49 22 House Apr 05, 1991 Read third time, enrolled for ratification 22 House Apr 04, 1991 Unanimous consent for third reading on next Legislative day 22 House Apr 04, 1991 Read second time 22 House Mar 28, 1991 Committee Report: Favorable 26 22 House Mar 05, 1991 Introduced, read first time, 26 referred to Committee 22 Senate Mar 01, 1991 Read third time, sent to House 22 Senate Feb 28, 1991 Amended, read second time, unanimous consent for third reading on Friday, March 1 22 Senate Feb 27, 1991 Committee Report: Favorable 12 with amendment 22 Senate Jan 08, 1991 Introduced and read first 12 time, referred to Committee 22 Senate Sep 10, 1990 Prefiled, referred to 12 CommitteeView additional legislative information at the LPITS web site.
(A22, R49, S22)
AN ACT TO AMEND SECTION 40-1-180, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE QUALIFICATIONS OF CERTIFIED PUBLIC ACCOUNTANTS, SO AS TO REVISE THE EDUCATIONAL REQUIREMENTS; AND SECTION 40-1-240, RELATING TO THE WAIVER OF THE EXAMINATION FOR ACCOUNTANTS AND THE REQUIREMENTS FOR NONRESIDENTS, SO AS TO REVISE THE CIRCUMSTANCES UNDER WHICH A WAIVER IS ALLOWED.
Be it enacted by the General Assembly of the State of South Carolina:
Certified public accountants, educational requirements
SECTION 1. Section 40-1-180 of the 1976 Code is amended to read:
"Section 40-1-180. (A) Each applicant making application for examination shall submit evidence satisfactory to the board that he:
(1) is at least eighteen years of age;
(2) does not have a history of dishonest or felonious acts;
(3) has the following educational background:
(a) Before July 1, 1997, each applicant must have a baccalaureate degree from a college or university recognized by the board including a minimum of twenty-four hours or the equivalent in accounting hours.
(b) After June 30, 1997, each applicant must have at least one hundred fifty semester hours of college education including a baccalaureate or higher degree conferred by a college or university acceptable to the board, the total educational program to include an accounting concentration or equivalent as determined by board rule to be appropriate.
(B) The educational requirements are waived for a candidate who is a South Carolina public accountant licensed and in good standing under this article or who, on July 1, 1965, was practicing as a public accountant or who then was employed as a staff accountant in this State by anyone practicing public accounting."
Waiver of examination for nonresident CPA's
SECTION 2. Section 40-1-240 of the 1976 Code is amended to read:
"Section 40-1-240. The board, upon application in writing, may waive the examination referred to in Section 40-1-170 and issue a certificate to a person who is the holder of a certificate as a certified public accountant issued under the laws of any state and who has the qualifications required by this article and the regulations of the board when the person submits to the board evidence as to the qualifications it requires.
A nonresident obtaining a certificate in this State under the provisions of this section shall pay application, certificate, and license fees required of residents of this State and is subject to regulations and restrictions required of residents who are recipients of certificates of registration under this article."
SECTION 3. This act takes effect upon approval by the Governor.
Approved the 22nd day of April, 1991.