CSSB 88(L&C): "An Act relating to the Board of Public Accountancy; extending the termination date of the Board of Public Accountancy; and providing for an effective date."
00CS FOR SENATE BILL NO. 88(L&C) 01 "An Act relating to the Board of Public Accountancy; extending the termination 02 date of the Board of Public Accountancy; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 08.03.010(c)(1) is amended to read: 05 (1) Board of Public Accountancy (AS 08.04.010) -- June 30, 2001 06 [1997]; 07 * Sec. 2. AS 08.04.030 is amended to read: 08 Sec. 08.04.030. Removal [AND REAPPOINTMENT] of members. The 09 governor shall remove any member of the board whose certificate or [,] license [, OR 10 PERMIT] has been revoked or suspended. The governor may, after hearing, remove 11 any member for neglect of duty or other just cause. [A PERSON WHO HAS 12 SERVED TWO SUCCESSIVE COMPLETE TERMS MAY NOT BE REAPPOINTED 13 UNTIL ONE YEAR FROM THE EXPIRATION OF THE TERM TO WHICH 14 APPOINTED.]
01 * Sec. 3. AS 08.04.410 is amended to read: 02 Sec. 08.04.410. Certificate or license [PERMIT] for person not engaged in 03 practice. A person holding a certificate or license who is not engaged in the practice 04 of public accounting may maintain the certificate or license in good standing by 05 registering with the board and paying the required [AN ANNUAL] registration fee. 06 * Sec. 4. AS 08.04.440 is amended to read: 07 Sec. 08.04.440. Effect of failure to obtain permit. Failure of an individual, 08 partnership, limited liability company, or corporation to apply for the required 09 [ANNUAL] permit to practice or to pay the required [ANNUAL] fee within (1) three 10 years from the expiration date of the permit to practice or [ANNUAL] registration last 11 obtained or renewed, or (2) three years from the date upon which the certificate holder 12 or licensee was granted a certificate as a certified public accountant or license as a 13 public accountant valid under AS 08.04.661 deprives the individual, partnership, 14 limited liability company, or corporation of the right to a permit or [ANNUAL] 15 registration or renewal of a permit [,] unless the board determines that the failure is 16 excusable. In case of excusable failure, the fee for a permit, registration, or renewal 17 of a permit under this section may not exceed three times one year's portion of the 18 [ANNUAL] fee that would have otherwise been required for the permit, 19 registration, or renewal. 20 * Sec. 5. AS 08.04.450 is amended to read: 21 Sec. 08.04.450. Revocation or suspension of certificate, license, registration, 22 or permit. In addition to its powers under AS 08.01.075, the board may revoke or 23 suspend a certificate or license, or may revoke, suspend, or refuse to renew any permit, 24 or may censure any certificate holder, licensee, registrant, or permit holder for 25 (1) fraud or deceit in obtaining any certificate, license, registration, or 26 permit required by this chapter; 27 (2) dishonesty or gross negligence in the practice of public accounting, 28 or other acts discreditable to the accounting profession; 29 (3) violation of any provision of AS 08.04.500 - 08.04.610; 30 (4) violation of a rule of professional conduct or other regulation 31 adopted by the board;
01 (5) conviction of a felony under the laws of any state or of the United 02 States; 03 (6) conviction of any crime, an essential element of which is dishonesty 04 or fraud, under the laws of any state or of the United States; 05 (7) cancellation, revocation, suspension, or refusal to renew authority 06 to practice as a certified public accountant or public accountant in any other state for 07 any cause other than failure to pay a required [AN ANNUAL REGISTRATION] fee; 08 (8) suspension or revocation of the right to practice before any state or 09 federal agency; 10 (9) failure of a certified public accountant to satisfy the continuing 11 education requirements prescribed by the board under AS 08.04.425, except as 12 conditioned, relaxed, or suspended by the board under AS 08.04.425(c) and (d); or 13 (10) failure of a certified public accountant to satisfactorily complete 14 a quality review under AS 08.04.426 except as conditioned, relaxed, or suspended by 15 the board under AS 08.04.426(b) - (d). 16 * Sec. 6. AS 08.04.480 is amended to read: 17 Sec. 08.04.480. Grounds for revocation or suspension of partnership, 18 limited liability company, or corporate permit. The board may revoke or suspend 19 the registration and permit to practice of a partnership, limited liability company, or 20 corporation, may revoke, suspend, or refuse to renew its permit to practice, or may 21 censure the partnership, limited liability company, or corporation for any of the causes 22 enumerated in AS 08.04.450 and 08.04.460, or for any of the following additional 23 causes: 24 (1) the revocation or suspension of the certificate, license, or 25 registration of any partner, member, or shareholder; 26 (2) the revocation, suspension, or refusal to renew the permit to practice 27 of any partner, member, or shareholder; 28 (3) the cancellation, revocation, suspension, or refusal to renew the 29 authority of the partnership or any partner, the limited liability company or a member, 30 or the corporation or a shareholder to practice public accounting in any other state for 31 any cause other than failure to pay a required [AN ANNUAL REGISTRATION] fee
01 in that state. 02 * Sec. 7. AS 08.04.260 is repealed. 03 * Sec. 8. This Act takes effect July 1, 1997.