South Carolina General Assembly
113th Session, 1999-2000

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Bill 605

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      605
Type of Legislation:              Joint Resolution JR
Introducing Body:                 Senate
Introduced Date:                  19990316
Primary Sponsor:                  Labor, Commerce and Industry Committee SLCI 12
All Sponsors:                     Labor, Commerce and Industry Committee
Drafted Document Number:          l:\council\bills\gjk\20394afc99.doc
Residing Body:                    House
Current Committee:                Labor, Commerce and Industry Committee 26 
                                  HLCI
Subject:                          Regulation No. 2357, Accountancy Board, 
                                  Accountants, Fees, commissions, firms, 
                                  licensure, etc.


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990323  Introduced, read first time,           26 HLCI
                  referred to Committee
Senate  19990318  Read third time, sent to House
Senate  19990317  Read second time
Senate  19990316  Introduced, read first time,
                  placed on Calendar without reference


                             Versions of This Bill
Revised on March 16, 1999 - Word format
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

INTRODUCED

March 16, 1999

S. 605

Introduced by Labor, Commerce and Industry Committee

S. Printed 3/16/99--S.

Read the first time March 16, 1999.

            

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE DEPARTMENT OF LABOR, LICENSING AND REGULATION, BOARD OF ACCOUNTANCY, RELATING TO FEES, COMMISSIONS, ACCOUNTING FIRMS, LICENSURE, AND CONTINUING EDUCATION, DESIGNATED AS REGULATION DOCUMENT NUMBER 2357, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. The regulations of the Department of Labor, Licensing and Regulation, Board of Accountancy, relating to fees, commissions, accounting firms, licensure, and continuing education, designated as Regulation Document Number 2357, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

SECTION 2. This joint resolution takes effect upon approval by the Governor.

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SUMMARY AS SUBMITTED

BY PROMULGATING AGENCY

Revisions are being considered to update and clarify existing regulations and to provide for the regulation of contingency fees, commissions, and referral fees, to provide regulation of noncertified public accountant ownership of accounting firms, to eliminate the audit experience requirement from the qualifications for licensure, and to eliminate the accounting and auditing continuing education requirement from the requirements for renewal of licensure.

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