Chapter 310 Oregon Laws 1999

Session Law

AN ACT

SB 152

Relating to certified public accountant examination; creating new provisions; and amending ORS 673.060, 673.075 and 673.100.

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

SECTION 1. ORS 673.060 is amended to read:

673.060. (1) An applicant for a certificate of certified public accountant shall have successfully passed [written] examinations in knowledge of accounting, auditing and such other related subjects as the State Board of Accountancy determines to be appropriate, and an applicant shall either:

(a) Have had two years' public accounting experience or the equivalent thereof satisfactory to the board under its rules; or

(b) Have had one year of public accounting experience or the equivalent thereof satisfactory to the board under its rules and have completed one year of college or university courses in accounting or related subjects beyond the baccalaureate degree or the equivalent thereof satisfactory to the board under its rules.

(2) An applicant for a certificate of certified public accountant must make application on a form provided by the board. The board shall charge each applicant a fee for application not to exceed $100, as determined by the board.

(3) Examinations provided for in this section shall be held by the board and shall take place as often as may be necessary in the opinion of the board, but not less frequently than semiannually. The board may contract with any organization, governmental or private, for examination material and services. The board may also enter an agreement with the licensing authority of any other state for examination services such as monitoring examinations of applicants temporarily absent from this state. All examination [papers] documents shall be preserved for a period of at least three months after the notification of grading. [Any failed candidate, upon written request to the board, shall have access to the candidate's papers. The board may prescribe a fee not to exceed $400 for the inspection of examination papers.]

(4) The board by rule may prescribe the terms and conditions under which a candidate who successfully completes an examination in at least two subjects shall have the right to be reexamined in the remaining subjects only, at subsequent examinations held by the board. If the candidate passes in the remaining subjects within a period of time specified in the rules of the board, the candidate shall be considered to have passed the examination.

(5) The board shall charge each candidate a fee [not to exceed $150, as] determined by the board by rule for each examination provided for in ORS 673.010 to 673.455, which shall be payable by the applicant at the time of making application. When an applicant has passed in two or more subjects, reexamination of the remaining subjects shall be given the same applicant for a fee [not to exceed $50 as] determined by the board by rule for each subject.

SECTION 2. ORS 673.075 is amended to read:

673.075. (1) The State Board of Accountancy may, in accordance with its rules, grant credit to an applicant who has successfully completed [a written] an examination given by the licensing authority in any other state. The board may grant credit under this subsection if the applicant has successfully completed [a written] an examination in any two or more subjects described in ORS 673.060 or required by the board to be part of the [written] examination in this state.

(2) Any examination for which credit is granted an applicant under subsection (1) of this section shall be equivalent, in the judgment of the board, to the most recent examination given by the board at the time of the granting of the credit.

SECTION 3. ORS 673.100 is amended to read:

673.100. (1) The State Board of Accountancy shall issue a license as a public accountant to a person who applies for the license and who:

(a) Passes [a written] 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 knowledge of accounting; and

(d) Has one year of public accounting 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 not to exceed $100, as determined by the board.

SECTION 4. The amendments to ORS 673.060, 673.075 and 673.100 by sections 1 to 3 of this 1999 Act apply to examinations held on or after the effective date of this 1999 Act.

Approved by the Governor June 23, 1999

Filed in the office of Secretary of State June 24, 1999

Effective date October 23, 1999

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