SB-1317, As Passed Senate, November 28, 2012
September 25, 2012, Introduced by Senators KOWALL, SCHUITMAKER and JONES and referred to the Committee on Judiciary.
A bill to amend 1980 PA 299, entitled
"Occupational code,"
by amending section 721 (MCL 339.721), as amended by 2005 PA 278.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 721. (1) The state board of accountancy is created.
(2) Subject to subsection (3), the board shall consist of 9
members as follows:
(a)
Six members of the board shall be who are certified
public
accountants who hold a certificate as a certified public
accountant, who are licensed under section 727, and who have
practiced in this state as certified public accountants for not
less than 5 years.
(b)
Three members shall be
representative of the who
represent
the general public, 1 of whom shall be an attorney who is a member
in good standing in the bar of this state.
(3) One of the 9 members of the board shall be a full-time
instructor of accounting above the elementary level at an
accredited college or university.
(4) (3)
The director may promulgate the
following rules:
(a) Rules of professional conduct for establishing and
maintaining high standards of competence and integrity in the
practice of public accounting.
(b) Rules governing corporations practicing public accounting,
consistent
with the professional service corporation act, former
1962
PA 192 , MCL 450.221 to 450.235.or chapter 2A of the business
corporation act, 1972 PA 284, MCL 450.1281 to 450.1289, as
applicable.
(c) Rules governing educational and experience requirements
for the issuance of a certificate as a certified public accountant.
(d) Rules of procedure governing the conduct of matters before
the board.
(e) Rules governing the recognition of educational
institutions by the board.
(f)
Rules governing continuing education as required by under
section 729.
(g) Any other rules considered necessary by the director to
implement and enforce this article.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. 1320
of the 96th Legislature is enacted into law.