61H1-33.0035: Continuing Professional Education/Governmental Auditing
PURPOSE AND EFFECT: The Board proposes the rule amendment in order to clarify language concerning the certified public accountant.
SUBJECT AREA TO BE ADDRESSED: Continuing Professional Education/Governmental Auditing.
SPECIFIC AUTHORITY: 473.312(3) FS.
LAW IMPLEMENTED: 473.312(3) FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Veloria Kelly, Division Director, Board of Accountancy, 240 N.W. 76th Dr., Suite A, Gainesville, Florida 32607
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS:
61H1-33.0035 Continuing Professional Education/ Governmental Auditing.
(1) Any certified public accountant licensee who is involved in governmental audits shall be required to comply with the continuing professional education (CPE) requirements imposed by Government Auditing Standards 2007 commonly referred to as the “Yellow Book,” effective July 2007, which is hereby incorporated by reference, if during the engagement:
(a) The certified public accountant licensee is the in charge person, or
(b) The certified public accountant licensee reviews the working papers or report or both, or
(c) The certified public accountant licensee supervises others, or
(d) The certified public accountant licensee is the only certified public accountant licensee performing the work.
(2) Certified public accountants Licensees conducting audits controlled by either subparagraph (a) or (b) below, shall be required to take 24 hours of governmental CPE and shall be required to comply with the CPE requirements imposed by Government Auditing Standards.
(a) through (b) No change.
(3) No change.
Rulemaking Specific Authority 473.312(3) FS. Law Implemented 473.312(3) FS. History–New 8-22-90, Amended 7-7-92, Formerly 21A-33.0035, Amended 5-2-96, 4-13-08,________.