• Assembly Bill A11695: (Canestrari) Provides for oversight of public accountants; including the definition of misconduct by accountants and other issues related to accounting practices.
      Status: 6-18-04 Referred to Assembly Higher Education Committee
                  6-21-04 Reported and referred to Assembly Codes Committee

• Senate Bill S04836-B: (Liebell at the request of the Attorney General) Provides additional protections against financial fraud and other abuses by the officers of not-for-profit corporations; prohibits self-dealing between an officer or director and such corporation in certain cases.
       Status: 6-16-04 Amended and recommitted to the Senate Committee on Corporations,                  Authorities and Commissions
                   6-16-04 Print Number 4836B
       Society's Response to S04836
  

• Assembly Bill A10239: (Brodsky at the request of the Attorney General) Provides additional protections against financial fraud and other abuses by the officers of not-for-profit corporations; prohibits self-dealing between an officer or director and such corporation in certain cases.
       Status: 3-17-04 Referred to the Assembly Committee on Corporations, Authorities and                  Commissions
  

• Senate Bill S00302-D: (LaValle) Expands the scope of practice for certified public accountants and public accountants as sole practitioners, within CPA firms and within business corporations; ensures CPAs are professionally accountable for functions that currently perform, such as tax and financial advisory services, but that may be beyond the audit and attest function; mandates peer review for a firm attest and compilation services.
       Status: 6-17-04 Passed Senate
                   6-17-04 Delivered to Assembly and referred to Higher Education
       More: In 2003 Landmark Accounting Legislation Passes in N.Y. Senate
  
  
• Assembly Bill A08555-A: (Sponsored by the Rules Committee at the request of Assemb. Canestrari) Relates to the profession of public accountancy and establishes the New York state board for public accountancy account; establishes more involved governmental regulation of the profession of public accountancy, including enforcement and disciplinary procedures; gives the state board for public accountancy the authority and resources to coordinate with the securities and exchange commission and the public company accounting oversight board.
      Status: 1-7-04 Referred to Assembly Higher Education Committee

• Senate Bill S04935-A: (LaValle, at the request of the State Education Department) Defines the practice of public accountancy and provides criteria for licensing, fees, and continuing education.
       Status: 4-30-04 Amended and recommitted to the Senate Higher Education Committee
  

• Assembly Bill A08286: (Canestrari, at the request of the State Education Department) Defines the practice of public accountancy and provides criteria for licensing, fees, and continuing education.
      Status: 1-7-04 Referred to the Assembly Higher Education Committee

• Senate Bill S03405-C: (LaValle) Enacts the Professional Accountability Act of 2003; removes from the board of regents the ability to appoint consumer representatives of boards for the different professions; gives the authority to appoint consumer representatives to the professional boards to the governor, temporary president of the senate and speaker of the assembly. Boards will be given rule-making authority, and the regents can override a rule by a 2/3 vote.
       Status: 2-20-04 Amendments Recommended to the Higher Education Committee
  

• Assembly Bill A07238: (Brodsky) Specifies 20 non-audit services which would constitute professional misconduct if performed by an auditor or his or her firm for any audit client that is a business organization, regardless of form of organization, that issues or has issued securities, as such term is defined in the state’s Martin Act; provides for civil and criminal penalties for the auditor and audit client regarding audited financial statement in connection with which the auditor engaged in professional misconduct; provides an exemption from criminal and civil penalties for small business concerns that issue audited financial statements, except for the purposes of obtaining credit or any state benefit.
      Status: 1-7-04 Referred to Assembly Corporations, Authorities and Commissions Committee

• Senate Bill S03140-A: Specifies 20 non-audit services which would constitute professional misconduct if performed by an auditor or his or her firm for any audit client that is a business organization, regardless of form of organization, that issues or has issued securities, as such term is defined in the state's Martin Act; provides for civil and criminal penalties for the auditor and audit client regarding audited financial statement in connection with which the auditor engaged in professional misconduct; provides an exemption from criminal and civil penalties for small business concerns that issue audited financial statements, except for the purpose of obtaining credit or any state benefit.
       Status: 1-7-04 Referred to Senate Corporations, Authorities and Commissions Committee

• Senate Bill S03139-A: Provides for the registration of accounting firms, adding to partnerships: proprietorships, professional corporations, and professional limited liability companies, and prohibits firms rendering audit and attest services to be a client from rendering other professional services to that client.
       Status: 1-7-04 Referred to Senate Higher Education Committee

• Assembly Bill A01226: Provides for the registration of accounting firms, adding to partnerships: proprietorships, professional corporations, and professional limited liability companies, and prohibits firms rendering audit and attest services to be a client from rendering other professional services to that client.
      Status: 1-7-04 Referred to Assembly Higher Education Committee

• Senate Bill S04834-A: (LaValle, at the request of the Attorney General) Provides for oversight of public accountants; including the definition of misconduct by accountants; prohibition against acceptance of commission and certain fees; reportable events; attestation documentation; conflicts of interest; mandatory peer review of firms; and penalties for professional misconduct.
       Status: 1-7-04 Referred to Senate Higher Education Committee

• Assembly Bill A04160: (Engelbright) Prohibits accountants from providing accounting services to any corporations, the shares and bonds of which are publicly traded, for 5 years after such accountant performs an audit on such corporation.
      Status: 1-7-04 Referred to Assembly Higher Education Committee

Previous Enron Legislation