summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to modernize public accountancy. Consumer Protection and Professional Licensure.
AI Summary
This bill aims to modernize public accountancy in Massachusetts. It makes several changes to the existing laws, including:
1) Expanding the definition of "attest or compilation" services to include more than just financial statements.
2) Reducing the required years of experience for a certified public accountant (CPA) license from five to four years.
3) Requiring CPAs and firms to adhere to the American Institute of CPAs' Code of Professional Conduct.
4) Streamlining the process for firms licensed in other states to obtain a license to practice in Massachusetts.
5) Updating various other provisions related to CPA licensing and firm registration requirements.
The overall goal of the bill is to update the state's public accountancy laws to better reflect modern accounting practices and make it easier for qualified professionals and firms to provide services in Massachusetts.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Accompanied H133 (on 03/29/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S165 |
| Bill | https://malegislature.gov/Bills/190/S165.pdf |
Loading...