HARRY HUGHES, Governor 2965
Approved May 27, 1986.
CHAPTER 780
(House Bill 1261)
AN ACT concerning
Accountants
FOR the purpose of revising, through both substantive and
nonsubstantive changes, the laws of the State that regulate
the practice of accountancy and certified public
accountancy, including: the addition of a definition of
"practice certified public accountancy"; the addition of an
express procedure for placing a licensee on an inactive
status; the deletion of certain State residency
requirements; the addition of an express provision for the
reinstatement of an expired license; the substitution of a
"permit" process for accountancy firms in lieu of the
current "certification" process; the provision of a limit on
the right of a licensee or permit holder to surrender a
license or permit or allow the license or permit to expire
under certain circumstances; and the change of the existing
criminal sanctions for violation of these laws; and
generally relating to the practice of accountancy and
certified public accountancy in the State; and otherwise for
the purpose of revising, restating, reorganizing, and
standardizing the structure of the laws of the State
regarding the practice of accountancy and the practice of
certified public accountancy, including the restatement of
the provisions regarding: the scope of the regulated
practice; the name, membership, powers, duties, and
procedures of the regulatory board; the authority of the
Secretary of Licensing and Regulation over the board; the
licensing of individuals and the issuance of permits to
firms; the qualifications and procedures for obtaining and
renewing a license or permit; the continuing education
requirements for licensees; and the grounds and procedures
for disciplinary action against a licensee or permit holder;
and generally revising all aspects of the laws relating to
accountancy and certified public accountancy.
BY repealing
Article 75A - Public Accountancy
In its entirety
Annotated Code of Maryland
(1980 Replacement Volume and 1985 Supplement)
BY adding
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