Rep. Robert Rita
Filed: 5/11/2017
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1 | AMENDMENT TO SENATE BILL 899
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2 | AMENDMENT NO. ______. Amend Senate Bill 899 on page 1, line | ||||||
3 | 5, after "and 16", by inserting "and adding Section 14.5"; and
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4 | on page 2, immediately below line 9, by inserting the | ||||||
5 | following: | ||||||
6 | " "Coordinator" means the CPA Coordinator. "; and | ||||||
7 | on page 10, immediately below line 14, by inserting the | ||||||
8 | following: | ||||||
9 | "(225 ILCS 450/14.5 new) | ||||||
10 | Sec. 14.5. CPA Coordinator; duties. The Secretary shall | ||||||
11 | appoint a CPA Coordinator, who shall hold a currently valid CPA | ||||||
12 | license or registration. The Coordinator shall not practice | ||||||
13 | during the term of his or her appointment. The Coordinator | ||||||
14 | shall be exempt from all fees related to his or her CPA license | ||||||
15 | or registration that come due during his or her employment. In |
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1 | appointing the Coordinator, the Secretary shall give due | ||||||
2 | consideration to recommendations made by members, | ||||||
3 | organizations, and associations of the CPA and accounting | ||||||
4 | profession. The Coordinator shall: | ||||||
5 | (1) act as Chairperson of the Committee, ex officio, | ||||||
6 | without a vote; | ||||||
7 | (2) be the direct liaison between the Department, the | ||||||
8 | profession, and CPA and accounting organizations and | ||||||
9 | associations; | ||||||
10 | (3) prepare and circulate to licensees any educational | ||||||
11 | and informational material that the Department deems | ||||||
12 | necessary for providing guidance or assistance to | ||||||
13 | licensees; | ||||||
14 | (4) appoint any necessary committees to assist in the | ||||||
15 | performance of the functions and duties of the Department | ||||||
16 | under this Act; and | ||||||
17 | (5) subject to the administrative approval of the | ||||||
18 | Secretary, supervise all activities relating to the | ||||||
19 | regulation of the CPA profession. "; and | ||||||
20 | on page 13, by replacing lines 17 through 21 with the | ||||||
21 | following: | ||||||
22 | "A new CPA firm or sole practitioner shall not be required | ||||||
23 | to comply with the peer review requirements for the first | ||||||
24 | license renewal. A CPA firm or sole practitioner shall comply | ||||||
25 | with the Department's rules adopted under this Act and agree to |
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1 | notify the Peer Review Administrator within 30 days after | ||||||
2 | accepting an engagement for services requiring a license under | ||||||
3 | this Act and to undergo a peer review within 18 months after | ||||||
4 | the end of the period covered by the engagement. undergo its | ||||||
5 | first peer review during the first full renewal cycle after it | ||||||
6 | is granted its initial license. ".
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