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Advocacy

2018 Legislative Agenda

The New York State Legislature closed out the 2018 Legislative Session as of June 20 and ruled on two bills that are important to the accounting profession. The NYSSCPA is firmly committed to maintaining the strength and integrity of the accounting profession, and has worked with both Assembly Members and State Senators on both sides of the aisle to advocate for bills covering Continued Professional Education (CPE) requirements and firm ownership.

CPE for CPAs Bill A.10648 / S.8522A

As the pace of technology, proliferation of regulations and increasing specialization accelerates, one of the greatest challenges for all CPAs is the attainment, maintenance and advancement of professional competence. To meet this challenge and to maintain public confidence, it is critical that all CPAs are and remain current with the standards, knowledge, skills and abilities in all areas in which they provide services. Mandatory CPEs for all CPAs will further increase public protection in the accountancy profession.

The NYSSCPA’s number-one priority for the 2018 Legislative Session was bill A.10648 / S.8522A, which required CPE for all CPAs and public accountants. Specifically, NYSSCPA lobbied for legislation that amended paragraph 1(b) of Section 7409 of the Education Law to remove the three-year exemption of mandatory continuing education for newly licensed CPAs and public accountants.

Bill A.10648 – Sponsored by Assemblyman Stirpe

  • 5/10/18 – legislation introduced in the Assembly and referred to the Assembly Higher Education Committee

  • 5/31/18 – legislation advanced through the Assembly Higher Education Committee and referred to the Assembly Ways and Means Committee

  • 6/18/18 – legislation advanced through Assembly Ways and Means Committee and referred to the Assembly Rules Committee

  • 6/18/18 – legislation advanced through the Assembly Rules Committee and was advanced to third reading

  • 6/19//19 – legislation was placed on Assembly floor calendar and PASSED unanimously (106-0)

Bill S.8522A – Sponsored by Senator Helming

  • 5/9/18 – legislation introduced in the Senate and referred to the Senate Higher Education Committee

  • 5/10/18 – legislation advanced through the Senate Higher Education Committee and subsequently advanced to third reading

  • 6/20/18 – legislation was placed on Senate floor calendar and PASSED unanimously (60-0)

The NYSSCPA held a Lobby Day promoting the bill to legislators on May 15. Participating in the Lobby Day were NYSSCPA Past President F. Michael Zovistoski; Kevin J. McCoy, chair of the NYSSCPA Legislative Task Force; Susan M. Barossi, a former NYSSCPA vice president; Kevin Matz, president of the Foundation for Accounting Education Board of Trustees; and NYSSCPA member Orumé Hays.

This CPE requirement bill passed unanimously in both the New York State Assembly and Senate.


Non-CPA Ownership Bill A.8973 / S.3851

Professional accountants operate under a more rigorous regulatory regime than in the past, due to the increasingly complex risks that exist in today's global marketplace. Today, the most sought-after IT professionals, policy experts, regulatory staff and data analysts reach a professional ceiling. Firms are unable to offer them long-term incentives and growth opportunities, which often results in the loss of these valued employees to neighboring states, where the opportunities they are looking for are more readily available. Expanding opportunities for ownership in New York State, however, will create jobs and strengthen the economy. We've seen it happen in Connecticut, New Jersey and 46 other states where non-CPA ownership has been enacted in some states, as long as 20 years ago.

The proposed budget bill provision would have allowed New York public accounting firms up to 49 percent ownership by individuals who are not CPAs to incorporate in New York state, provided the words “Certified Public Accountant” or the abbreviation “CPA” is excluded from the firm’s name.

Bill A.8973 – Sponsored by Assemblywoman Peoples-Stokes

  • 1/9/18 – legislation introduced in the Assembly and referred to the Assembly Higher Education Committee

  • 6/20/18 - failed to advance

Bill S.3851 – Sponsored by Senator LaValle

  • 1/3/18 – re-introduced in the Senate and referred to the Senate Higher Education Committee

  • 4/17/18 – legislation was advanced through the Senate Higher Education Committee and subsequently advanced to third  reading

  • 6/18/18 – Placed on Senate Active List and PASSED unanimously (62-0)

Through member support, the NYSSCPA contributed approximately 70 of the 300+ letters delivered to the NY State Assembly in support of the non-CPA ownership bill.

Legislative Breakfasts

NYSSCPA chapters hold Legislative Breakfasts across the state.  If you are interested in attending and learning more about issues that affect you and the profession, please RSVP at govtrelations@nysscpa.org with your name, company name, location/chapter and we will share information on your nearest Legislative Breakfast.

For immediate assistance, contact NYSSCPA General Counsel, Joanne Thelmo at 212-719-8364.

Support issues that matter to you and are critical to the accounting profession by donating to the NYSSCPA Political Action Committee (CPA PAC) here.