South Carolina General Assembly
114th Session, 2001-2002

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Bill 443

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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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