Bill Title: Amends the Illinois Public Accounting Act. Allows a certified public accountant (CPA) firm whose principal place of business is not in this State to have all the privileges of a CPA firm licensed under the Act without the need to obtain a license from the Department of Financial and Professional Regulation or to file notice with the Department if the CPA firm complies with specified substantial equivalency requirements; makes conforming changes. Provides that firms that do not meet the certain requirements but offer or render services in the State must hold a license issued under the Act. Provides that every application for renewal of a license by a licensed CPA who has been licensed under the Act for 3 years of more shall be accompanied or supported by evidence showing the completion of professional education as prescribed by Department rule (rather than showing the completion of 120 hours of continuing professional education each 3 years as prescribed by Department rule) and makes related changes. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Passed) 2017-08-25 - Public Act . . . . . . . . . 100-0419 [SB0899 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2017-08-28	HTML/Text	Link	View
Enrolled	2017-06-06	HTML/Text	Link	View
Engrossed	2017-04-26	HTML/Text	Link	View
Introduced	2017-02-07	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 001	2017-05-11	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0899 currently on file.

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