Bill Title: Amends the Illinois Public Accounting Act. Makes changes in provisions concerning definitions, the Board of Examiners, the Public Accountant Registration Committee, the Administrative Procedure Act, licensure, practice, unlicensed practice, accountancy activities, powers and duties of the Department of Financial and Professional Regulation, sharing of information, exemption from the Act, application for licensure, qualifications, foreign accountants, expiration and renewal of licenses, fees, inactive status, discipline, investigations, hearings, summary suspension, administrative review, criminal penalties, injunctions, contributory fault, prohibited practice, home rule, and the Registered Certified Public Accountants' Administration and Disciplinary Fund. Changes references throughout the Act from "certified public accountant" to "CPA". Changes references throughout the Act from "Director" to "Secretary". Creates new provisions concerning accountancy activities, qualifications for licensure as a CPA firm, restoration of license from discipline, findings, and recommendations, summary suspension, and confidentiality. Amends the Regulatory Sunset Act. Extends the repeal of the Illinois Public Accounting Act from January 1, 2014 to January 1, 2024. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2013-08-09 - Public Act . . . . . . . . . 98-0254 [HB2726 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Robert Rita [D]	Primary	Sponsored Bills	HD-028	FollowTheMoney	Ballotpedia	VoteSmart
Representative James Durkin [R]	Cosponsor	Sponsored Bills	HD-082	FollowTheMoney	Ballotpedia	VoteSmart
Representative Pam Roth [R]	Cosponsor	Sponsored Bills	HD-075	FollowTheMoney	Ballotpedia	VoteSmart
Representative Raymond Poe [R]	Cosponsor	Sponsored Bills	HD-099	FollowTheMoney	Ballotpedia	VoteSmart
Senator Iris Martinez [D]	Primary	Sponsored Bills	SD-020	FollowTheMoney	Ballotpedia	VoteSmart
Senator Darin LaHood [R]	Cosponsor	Sponsored Bills	SD-037	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Connelly [R]	Cosponsor	Sponsored Bills	SD-021	FollowTheMoney	Ballotpedia	VoteSmart
Senator John Mulroe [D]	Cosponsor	Sponsored Bills	SD-010	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Noland [D]	Cosponsor	Sponsored Bills	SD-022	FollowTheMoney	Ballotpedia	VoteSmart

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