71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 3089
 
                         House Bill 2975
 
Sponsored by Representative MINNIS; Representative LOWE (at the
  request of Oregon Association of Independent Accountants)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Eliminates requirement that person receive passing grade on
auditing part of examination to be licensed as public accountant.
 
                        A BILL FOR AN ACT
Relating to public accountants; creating new provisions; and
  amending ORS 673.050, 673.060 and 673.100.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 673.100 is amended to read:
  673.100. (1) The Oregon Board of Accountancy shall issue a
license as a public accountant to a person who applies for the
license and who:
  (a) Passes an examination on the code of professional ethics
adopted by the board;
  (b) Meets the requirements of ORS 673.050 for admission to the
examination for the certificate of certified public accountant;
  (c) Takes the examination for the certificate of certified
public accountant pursuant to ORS 673.060 and receives
 { - passing grades in the two parts of the examination that
include auditing and - }  { +  a passing grade in the part of the
examination that tests + } knowledge of accounting; and
  (d) Has one year of public accountancy experience, including
auditing, or the equivalent satisfactory to the board.
  (2) An applicant for a license as a public accountant must make
application on a form provided by the board. The board shall
charge each applicant a fee for application in an amount
determined by the board by rule.
  SECTION 2. ORS 673.050 is amended to read:
  673.050. (1) Except as provided in subsection (2) of this
section, a candidate for admission to the examination for a
certified public accountant certificate shall:
  (a) Present satisfactory evidence of graduation with a
baccalaureate or higher degree from a college or university that
is accredited by one of the six regional accrediting associations
or by another accrediting body that is recognized by the Oregon
Board of Accountancy, and shall have completed 150 or more
semester hours or 225 or more quarter hours or the equivalent
thereof, including courses in the study of accounting, business,
economics, finance, written and oral communications and other
subjects as determined by the board as appropriate for the
accountancy profession; or
  (b) Be a public accountant who received a license under ORS
673.100 prior to January 1, 2000.
  (2) A person may apply to take   { - those parts of - }  the
examination for the certificate of certified public accountant
 { + in order to pass the part + } described in ORS 673.100 on
which  { + a + } passing
  { - grades - }  { +  grade + } must be received before a
license as a public accountant may be issued if the person
presents satisfactory evidence of graduation from a high school
with a four-year course or of having acquired an equivalent
education, and has had two years of public accountancy experience
or the equivalent satisfactory to the board.
  SECTION 3. ORS 673.060 is amended to read:
  673.060. (1) The examination required to be passed as a
condition for the granting of a certificate of certified public
accountant shall be held by the Oregon Board of Accountancy and
shall test the candidate's knowledge of the subjects of
accounting and auditing and such other related subjects as the
board may specify by rule. The time for holding the examination
shall be fixed by the board and may be changed from time to time.
The examination shall be held not less than twice a year. The
board may contract with any organization, governmental or
private, for examination material and services. The board may
also enter into an agreement with the licensing authority of any
other jurisdiction or with the National Association of State
Boards of Accountancy for examination services such as monitoring
examinations of candidates.
  (2) A candidate shall be required to pass all
 { - sections - }  { +  parts + } of the examination in order to
qualify for a certificate of certified public accountant and must
pass the   { - sections - }  { +  part + } of the examination
described in ORS 673.100 (1)(c) to qualify for a license as a
public accountant.
  (3) The board may charge, or provide for a third party
administering the examination to charge, each applicant or
candidate a fee determined by the board by rule for the
examination or reexamination described in this section. The fee
shall be payable by the applicant or candidate at the time of
application.
  SECTION 4.  { + The amendments to ORS 673.050, 673.060 and
673.100 by sections 1 to 3 of this 2001 Act apply to examinations
for the certificate of certified public accountant taken on or
after the effective date of this 2001 Act. + }
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