SENATE BILL No. 1317

 

 

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.