72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
 
 
                            Enrolled
 
                         Senate Bill 148
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Governor Theodore R.
  Kulongoski for Oregon Board of Accountancy)
 
 
                     CHAPTER ................
 
 
                             AN ACT
 
 
Relating to accountancy; amending ORS 673.455.
 
Be It Enacted by the People of the State of Oregon:
 
  SECTION 1. ORS 673.455 is amended to read:
  673.455. (1) The Oregon Board of Accountancy shall appoint a
Peer Review Oversight Committee. The board may also approve
applications for operation of alternative peer review programs
such as programs provided by the American Institute of Certified
Public Accountants and the National Society of Accountants.
  (2) Each holder of a permit under ORS 673.150 and each business
organization registered under ORS 673.160 that performs
attestation or compilation services shall participate in a peer
review program described in this section. The peer review shall
be conducted by the board or by an alternative peer review
program approved by the board under subsection (1) of this
section.
  (3) The members of the committee serve at the pleasure of the
board.
  (4) A member of the committee appointed under this section is
entitled to   { - compensation and - }  expenses as provided in
ORS 292.495.
  (5) The committee also may review:
  (a) Any financial statement or report filed with the state or
any political subdivision and prepared by a certified public
accountant or public accountant; and
  (b) Any procedure, working paper or supporting document
relating to the financial statement or report.
  (6) If the client grants permission or if all information
identifying the client has been removed, the committee also may
review any financial statement not described in subsection (5) of
this section and prepared by a licensee, or any procedure,
working paper or supporting document relating to the financial
statement.
  (7) The failure or refusal by any licensee to comply with a
request for review or explanation, or both, of such financial
statement as set forth in this section constitutes a violation of
ORS 673.170 (2)(b).
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Enrolled Senate Bill 148 (SB 148-INTRO)                    Page 1
 
 
 
 
 
Passed by Senate January 28, 2003
 
 
      ...........................................................
                                              Secretary of Senate
 
      ...........................................................
                                              President of Senate
 
Passed by House February 12, 2003
 
 
      ...........................................................
                                                 Speaker of House
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled Senate Bill 148 (SB 148-INTRO)                    Page 2
 
 
 
 
 
Received by Governor:
 
......M.,............., 2003
 
Approved:
 
......M.,............., 2003
 
 
      ...........................................................
                                                         Governor
 
Filed in Office of Secretary of State:
 
......M.,............., 2003
 
 
      ...........................................................
                                               Secretary of State
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled Senate Bill 148 (SB 148-INTRO)                    Page 3