Chapter 415 Oregon Laws 1999
Session Law
AN ACT
SB 154
Relating to the State Board
of Accountancy; creating new provisions; and amending ORS 673.410.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
ORS 673.410 is amended to read:
673.410. (1) There is created a State Board of Accountancy
consisting of seven members.
(2) Members of the board shall be appointed by the Governor for
terms of three years, subject to confirmation by the Senate pursuant to section
4, Article III of the Oregon Constitution.
(3) The board members shall be as follows:
(a) [Five] Four must have [held] a current
certified public accountant [certificates]
certificate and permit issued under
the laws of this state and in effect
for at least five years, and be actively engaged in public accounting practice.
(b) One must have a
current certified public accountant certificate and permit issued under the
laws of this state and in effect for at least five years, and be employed in
private industry, education or government or be actively engaged in public
accounting practice.
[(b)] (c) One shall be a member of the
general public.
[(c)] (d) One shall be a public accountant
licensed under the laws of this state for at least five years and be actively
engaged in public accounting practice.
(4) No person shall be eligible for reappointment after the
person's third consecutive term until a period at least equal to the appointed
term has elapsed.
(5) The authority of the board to enforce the provisions of ORS
673.010 to 673.455 includes the authority to regulate the practice of public
accounting by persons holding permits issued under ORS 673.150. The practice of
public accounting for purposes of ORS 673.010 to 673.455 is the performance of,
or any offering to perform, one or more kinds of services for a client or
potential client involving the use of auditing or accounting skills and
including:
(a) Issuance of reports on financial statements.
(b) Performance of management, advisory or consulting services.
(c) Preparation of tax returns or the furnishing of advice on
tax matters.
SECTION 2. The amendments to ORS 673.410 by section 1
of this 1999 Act apply to the first appointment or reappointment to the State
Board of Accountancy made:
(1) On or after the
effective date of this 1999 Act; and
(2) Following the expiration
of the term of office of a person holding a position described in ORS 673.410
(3)(a) (1997 Edition).
Approved by the Governor
June 29, 1999
Filed in the office of
Secretary of State June 30, 1999
Effective date October 23,
1999
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