HB377 Alabama 2014 Session

Sponsors

Session

Regular Session 2014

Title

Certified Public Accountants (CPA's), Public Accountancy Act, terms "attest" and "report" defined, nonresident certified public accountants with practicing privileges required to meet professional standards, Secs. 34-1-2, 34-1-16, 34-1-17 am'd.

Description

<p class="bill_description"> Under existing law, the term attest is defined in the Public Accountancy Act of 2003 as providing specified financial statement services, including the examination of prospective financial information</p><p class="bill_description"> This bill would expand this definition to include any engagement to be performed in accordance with the Statements on Standards for Attestation Engagements (SSAE) rather than just examination of prospective financial information</p><p class="bill_description"> This bill would also define the term report and would require nonresident certified public accountants with practicing privileges to provide services in accordance with professional standards</p><p class="bill_entitled_an_act"> To amend Sections 34-1-2, 34-1-16, and 34-1-17, Code of Alabama 1975, to further define the term attest to include any engagement to be performed in accordance with the Statements on Standards for Attestation Engagements (SSAE) rather than just examination of prospective financial information; to define the term report; and to require nonresident certified public accountants with practicing privileges to provide services in accordance with professional standards. </p>

Subjects

Accountants