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INTRODUCED
March 16, 1999
S. 605
S. Printed 3/16/99--S.
Read the first time March 16, 1999.
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.
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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