| |
||
| July 2004 | The
Monthly Newspaper of the NYSSCPA |
Vol.
7, No.10 |
State Senate Passes Bill Again
By
Simon Eskow
Continued from the Home
Page
The Senate on June 17 voted unanimously in favor of S302-D, then referred the bill to the Assembly. The Senate approved an identical bill last year that did not advance in the Assembly.
The New York State Society of CPAs supports S302-D, which expands the scope of practice and includes tax preparation and tax advisory services as qualifying experience for licensure. It also mandates peer review for firms that do attest and compilation services, requires the registration of all CPA firms, allows acceptance of commissions and referral fees from nonattest clients, and calls for all CPAs, even those in industry, to meet CPE requirements.
