Chapter 241 Oregon Laws 2003

AN ACT

SB 514

Relating to public accountants; creating new provisions; and amending ORS 673.103.

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

SECTION 1. ORS 673.103 is amended to read:

673.103. (1) Except as provided in subsection (2) of this section, a public accountant licensed under ORS 673.100 may not perform audits.

(2) Subsection (1) of this section does not apply to a public accountant licensed under ORS 673.100 who first qualified for and applied to take the examination described in ORS 673.060 before January 1, 2002.

SECTION 2. The amendments to ORS 673.103 by section 1 of this 2003 Act:

(1) Do not relieve a person of any obligation with respect to a civil penalty or other liability, duty or obligation accruing under ORS 673.103, 673.170 or 673.400 before the effective date of this 2003 Act; and

(2) Do not affect an act done or proceeding begun, a liability incurred or a right accruing, accrued or acquired before the effective date of this 2003 Act, under the law then in effect. A proceeding begun before the effective date of this 2003 Act in accordance with the law then in effect may be completed after the effective date of this 2003 Act as if this 2003 Act had not been enacted.

Approved by the Governor June 6, 2003

Filed in the office of Secretary of State June 9, 2003

Effective date January 1, 2004

__________