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Capital IconMinnesota Legislature

Legislative Session number- 85

Bill Name: SF2402

3E Modifying certain provisions governing the board of accountancy; regulating
the practice of accountancy; classifying certain licensing data; modifying
certain definitions and defining principal place of business; modifying certain
board of accountancy membership requirements, powers and duties; requiring the
appointment of an executive director; modifying certain certified public
accountant (CPA) qualification and education requirements, certificate issuance,
application and renewal requirements and competency standards; requiring the
board to adopt rules establishing requirements for a professional ethics
examination; specifying firms required to hold permits to practice as a CPA firm
and specifying certain timing requirements for applications for renewal;
specifying fees for firms required to hold permits having offices located in
another state; modifying certain enforcement requirements and certain unlawful
acts provisions; modifying CPA substantial equivalency requirements; repealing
the authority for a cooperative auditing organization permit to practice as a
CPA firm
(Ch. 195, 2008)