summary
Introduced
01/13/2025
01/13/2025
In Committee
05/05/2025
05/05/2025
Crossed Over
03/10/2025
03/10/2025
Passed
06/06/2025
06/06/2025
Dead
Signed/Enacted/Adopted
06/06/2025
06/06/2025
Introduced Session
2025 Legislative Measures
Bill Summary
AN ACT Relating to public accountancy; creating new provisions; amending ORS 284.368, 305.261, 410.480, 673.010, 673.050, 673.060, 673.075, 673.100, 673.150, 673.153, 673.160, 673.165, 673.170, 673.185, 673.210, 673.220, 673.320, 673.325, 673.345, 673.380, 673.385, 673.390, 673.410, 673.440, 673.455, 673.457, 673.465, 673.605, 673.610 and 703.411; and repealing ORS 673.040 and 673.103.
AI Summary
This bill relates to public accountancy and proposes several significant changes to how certified public accountants (CPAs) and public accountants are licensed and regulated in Oregon. The key provisions include: creating a new licensing framework that replaces the previous system of certificates and permits with a more streamlined license-based approach, modifying requirements for obtaining and maintaining professional licenses, expanding the Oregon Board of Accountancy's composition and authority, and updating various professional standards and regulations. Specifically, the bill introduces new pathways for obtaining CPA and public accountant licenses, including provisions for licensing by reciprocity and for CPAs from foreign countries, establishes new continuing education and peer review requirements, and provides the Board with enhanced disciplinary powers. The changes aim to modernize the state's accountancy regulations, improve professional standards, and provide more flexible licensing options for accounting professionals while maintaining rigorous qualifications and oversight.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Last Action
Effective date, January 1, 2026. (on 06/06/2025)
Official Document
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bill summary
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