Date: 02/23/2010

Final
BILL SUMMARY for HB10-1236

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View--> Action Taken:
Moved amendment L.001 (Attachment H). The motion
Moved amendment L.002 (Attachment F). The motion
Moved to refer House Bill 10-1236, as amended, to 		Pass Without Objection
Pass Without Objection
PASS



12:18 PM -- House Bill 10-1236

Representative A. Kerr, prime sponsor, presented House Bill 10-1236 concerning the continuation of the regulation of certified public accountants by the State Board of Accountancy. This bill implements the recommendations of the Department of Regulatory Agencies (DORA) in its sunset review of the State Board of Accountancy. The bill continues the functions of the board until July 1, 2019.

Under current law, an applicant for certified public accountant (CPA) must have an undergraduate degree, pass the CPA exam, and have one year of professional experience before obtaining a license. Applicants may substitute additional education for the required year of professional experience. Beginning July 1, 2015, applicants will be required to have 150 credit hours of education, 30 credits more than a typical bachelors' degree, in addition to passing the CPA exam and having one year of professional experience. Applicants will not be permitted to substitute education in lieu of experience; however, the bill expands the scope of what the board may consider by rule to be acceptable professional experience.

The bill authorizes the board to consider disciplinary action against a CPA on the basis of disciplinary action taken in any other legal jurisdiction, as well as on the basis of action taken by the Public Accounting Oversight Board, a separate regulatory authority established by federal law.

Representative A. Kerr distributed Amendment L.002 (Attachment F).

100223AttachF.pdf

12:21 PM -- Brian Tobias, representing the Colorado Department of Regulatory Agencies, testified in support of the bill. He explained Amendment L.002 and stated that sunset reviews allow an opportunity to clean up related statutes which is what the amendment does. Representative Rice asked about the peer review provision in the bill that was brought up at the last hearing.

12:24 PM -- Mary Medley, representing the Colorado Society of Certified Public Accountants, testified in support of the bill and distributed a handout (Attachment G).

100223AttachG.pdf
BILL:HB10-1236
TIME: 12:26:37 PM
MOVED:Kerr A.
MOTION:Moved amendment L.001 (Attachment H). The motion passed without objection.
SECONDED:Gagliardi
VOTE
Balmer
Bradford
Casso
Kerr A.
Liston
Middleton
Priola
Soper
Stephens
Gagliardi
Rice
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

100223AttachH.pdf

BILL:HB10-1236
TIME: 12:30:30 PM
MOVED:Kerr A.
MOTION:Moved amendment L.002 (Attachment F). The motion passed without objection.
SECONDED:Gagliardi
VOTE
Balmer
Bradford
Casso
Kerr A.
Liston
Middleton
Priola
Soper
Stephens
Gagliardi
Rice
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB10-1236
TIME: 12:31:40 PM
MOVED:Kerr A.
MOTION:Moved to refer House Bill 10-1236, as amended, to the Committee of the Whole. The motion passed 10-0.
SECONDED:Gagliardi
VOTE
Balmer
Yes
Bradford
Yes
Casso
Yes
Kerr A.
Yes
Liston
Yes
Middleton
Yes
Priola
Yes
Soper
Yes
Stephens
Excused
Gagliardi
Yes
Rice
Yes
Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS