Chapter 5 Oregon Laws 2003

AN ACT

SB 153

Relating to accountant examinations; creating new provisions; and amending ORS 673.060.

Be It Enacted by the People of the State of Oregon:

SECTION 1. 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.] A person must pass an examination as a condition of the grant of a certificate of certified public accountant by the Oregon Board of Accountancy. The examination shall test the person's knowledge of the subjects of accounting and auditing and other related subjects as the board may determine by rule. The board may contract with a testing service to administer the examination and may contract with any organization, governmental or private, for examination material and services.

(2) A [candidate shall be required to] person must pass all sections of the examination in order to qualify for a certificate of certified public accountant and must pass the sections 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] The board shall charge each person who applies to take the examination a nonrefundable application fee in an amount determined by the board. The person shall pay the application fee at the time of the application.

(4) If the board contracts with a testing service to administer the examination described in subsection (1) of this section, the testing service shall collect from each person taking the examination all fees that the testing service charges for administering the examination.

SECTION 2. The amendments to ORS 673.060 by section 1 of this 2003 Act apply to:

(1) Applications made on or after the effective date of this 2003 Act; and

(2) Examinations conducted on or after the effective date of this 2003 Act.

Approved by the Governor February 26, 2003

Filed in the office of Secretary of State February 26, 2003

Effective date January 1, 2004

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