7529351, 61H1-20.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 7529351

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Board of Accountancy

Chapter:

DEFINITIONS

Overview

RULE:

61H1-20.003	Client (Repealed)
61H1-20.004	Enterprise
61H1-20.0051	Assembled Financial Statements (Repealed)
61H1-20.0052	Offer to Perform or Perform Services Involving Assembled Financial Statements (Repealed)
61H1-20.0053	Standards for Assembled Financial Statements (Repealed)
61H1-20.007	Generally Accepted Accounting Principles (Repealed)
61H1-20.008	Generally Accepted Auditing Standards (Repealed)
61H1-20.009	Standards for Accounting and Review Services (Repealed)
61H1-20.0092	Government Auditing Standards (Repealed)
61H1-20.0093	Rules of the Auditor General
61H1-20.0095	Standards for Consulting Services (Repealed)
61H1-20.0096	Services for Tax Practice (Repealed)
61H1-20.0097	Standards for Personal Financial Planning (Repealed)
61H1-20.0099	Standards for Attestation Engagements (Repealed)
61H1-20.010	Engagement
61H1-20.013	Employee
61H1-20.016	Non-CPA Shareholders, Partners and Members

PURPOSE:

The Board proposes the rule amendment in order to clarify the definitions of client and enterprise; to provide the correct citation for “assembled financial statements;” to update language concerning the certified public accountant; to clarify and edit punctuation errors; to update generally accepted accounting principles from the GASB to the FASB; to update the auditing standards; to provide a website by which to obtain the Standards for Accounting and Review Services; to provide a website by which to obtain the Government Auditing Standards; to update the effective dates and rules of the Auditor General; to update the standards for consulting services; to update the standards for tax practice by providing the updated standards; to provide the updated standards for personal financial planning and to provide the updated standards for attestation engagements.

SUMMARY:

The definitions of client and enterprise will be clarified; the correct citation for “assembled financial statements” will be provided; language concerning the certified public accountant will be updated; punctuation errors will be edited and clarified; generally accepted accounting principles will be updated from the GASB to the FASB; auditing standards will be updated; a website by which to obtain the Standards for Accounting and Review Services will be provided; the effective dates and rules of the Auditor General will be updated; the standards for consulting services will be updated; the standards for tax practice will be updated; and the updated standards for personal financial planning and attestation engagements will be provided.

RULEMAKING AUTHORITY:

455.203(8), 473.304, 473.314, 473.315, 473.317, 473.323 FS., Ch. 81-302, § 27, §1, Ch. 97-35, Laws of Florida.

LAW:

455.203(8), 473.302, 473.304, 473.309(1)(b), 473.314, 473.315, 473.317, 473.318, 473.319, 473.322, 473.3101 FS., Ch. 81-302, § 27, §1, 12, Ch. 98-340, §1, Ch. 97-35, Laws of Florida.

PRINT PUBLISH DATE:

8/21/2009 Vol. 35/33

COMMENTS:

From 8/21/2009 To 9/11/2009 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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