South Carolina General Assembly
114th Session, 2001-2002

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Bill 443

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      443
Type of Legislation:              Joint Resolution JR
Introducing Body:                 Senate
Introduced Date:                  20010313
Primary Sponsor:                  Labor, Commerce and Industry Committee 
                                  SLCI 12
All Sponsors:                     Labor, Commerce and Industry Committee
Drafted Document Number:          l:\council\bills\gjk\20316ac01.doc
Residing Body:                    House
Current Committee:                Labor, Commerce and Industry Committee 26 
                                  HLCI
Subject:                          Regulation No. 2575, Accountancy Board, 
                                  Forms of practice; Accountants and Accounting


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20010320  Introduced, read first time,           26 HLCI
                  referred to Committee
Senate  20010315  Read third time, sent to House
Senate  20010314  Read second time
Senate  20010313  Introduced, read first time,
                  placed on Calendar without reference


              Versions of This Bill
Revised on March 13, 2001 - 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 13, 2001

    S. 443

Introduced by Labor, Commerce and Industry Committee

S. Printed 3/13/01--S.

Read the first time March 13, 2001.

            

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE DEPARTMENT OF LABOR, LICENSING AND REGULATION, BOARD OF ACCOUNTANCY, RELATING TO FORMS OF PRACTICE, DESIGNATED AS REGULATION DOCUMENT NUMBER 2575, 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 forms of practice, designated as Regulation Document Number 2575, 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.

The Board of Accountancy is drafting regulations to be consistent with the provisions of Act 274 of 2000, including provisions for use of the abbreviation "EA", acceptance of experience under a public accountant, and provisions concerning forms of practice of public accountants and accounting practitioners. The regulations will clarify the provisions for forms of practice, contingent fees, and commissions by providing a definition of the term licensee.

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