AB345, s. 76 16Section 76. 442.11 (3) of the statutes is repealed.
AB345, s. 77 17Section 77. 442.11 (4) of the statutes is repealed.
AB345, s. 78 18Section 78. 442.11 (6) of the statutes is repealed.
AB345, s. 79 19Section 79. 442.11 (7) of the statutes is amended to read:
AB345,26,2120 442.11 (7) Practices as a certified public accountant or as a public accountant
21after his or her certificate has been revoked.
AB345, s. 80 22Section 80. 442.11 (8) of the statutes is amended to read:
AB345,27,223 442.11 (8) As an individual, member of a partnership or officer or director of
24a corporation
or member of a firm, practices or permits the partnership or

1corporation
firm to practice as a certified public accountant or as a public accountant
2unless a license has been secured for the current licensure period.
AB345, s. 81 3Section 81. 442.11 (9) of the statutes is amended to read:
AB345,27,64 442.11 (9) Sells, buys, gives, or obtains an alleged certificate as a certified
5public accountant, a certificate of authority or a license in any manner other than
6that provided for by this chapter.
AB345, s. 82 7Section 82. 442.11 (10) of the statutes is amended to read:
AB345,27,108 442.11 (10) Attempts to practice as a certified public accountant or as a public
9accountant
under the guise of a certificate not granted by the examining board or
10under cover of a certificate obtained illegally or fraudulently.
AB345, s. 83 11Section 83. 442.11 (12) of the statutes is amended to read:
AB345,27,1312 442.11 (12) Attempts by any subterfuge to evade the provisions of this chapter
13while practicing as a certified public accountant.
AB345, s. 84 14Section 84. 442.11 (13) of the statutes is amended to read:
AB345,27,2115 442.11 (13) As an individual, a member of a partnership or an officer of a
16corporation
or member of a firm, permits to be announced by printed or written
17statement that any report, certificate, exhibit, schedule, or statement has been
18prepared by or under supervision of a certified public accountant or by or under
19supervision of a public accountant
when the person who prepared the report,
20certificate, exhibit, schedule, or statement was not a certified public accountant or
21public accountant
.
AB345, s. 85 22Section 85. 442.12 (intro.) of the statutes is amended to read:
AB345,27,24 23442.12 Disciplinary action. (intro.) Subject to the rules promulgated under
24s. 440.03 (1), the examining board may do any of the following:
AB345, s. 86 25Section 86. 442.12 (3) of the statutes is amended to read:
AB345,28,5
1442.12 (3) In the case of a corporation or a partnership firm, revoke, limit, or
2suspend the license of the partnership or corporation firm, or reprimand it, if it is
3found that any officer, director or member of the firm has been guilty of such act or
4omission as would be cause for revoking, limiting, or suspending a certificate or
5license to the person as an individual or for reprimanding the person.
AB345, s. 87 6Section 87. 442.13 of the statutes is amended to read:
AB345,28,18 7442.13 Ownership of accountant's working papers. All statements,
8records, schedules, working papers, and memoranda made by a certified public
9accountant or public accountant incident to or in the course of professional service
10to clients by such a certified public accountant, except reports submitted by a
11certified public accountant or public accountant to a client, shall be and remain the
12property of such the certified public accountant, in the absence of an express
13agreement between such the certified public accountant and the client to the
14contrary. No such statement, record, schedule, working paper, or memorandum shall
15be sold, transferred, or bequeathed, without the consent of the client or the client's
16personal representative or assignee, to anyone other than one or more surviving
17partners or new or successor partners of such
any member of the firm of the certified
18public
accountant.
AB345, s. 88 19Section 88. 442.14 of the statutes is repealed.
AB345, s. 89 20Section 89. 447.34 (2) of the statutes is amended to read:
AB345,28,2321 447.34 (2) Legal counsel, certified public accountants licensed under ch. 442,
22or other persons as to matters the director or officer believes in good faith are within
23the person's professional or expert competence.
AB345, s. 90 24Section 90. 560.16 (6) (a) 3. of the statutes is amended to read:
AB345,29,3
1560.16 (6) (a) 3. A verified statement of the financial condition and business
2operation of the existing business for the previous 3 years, certified by an
3independent certified public accountant licensed or certified under ch. 442.
AB345, s. 91 4Section 91. 893.66 (title) of the statutes is amended to read:
AB345,29,6 5893.66 (title) Accountants Certified public accountants; limitations of
6actions.
AB345, s. 92 7Section 92. 893.66 (1) of the statutes is amended to read:
AB345,29,128 893.66 (1) Except as provided in subs. (1m) to (4), an action to recover damages,
9based on tort, contract or other legal theory, against any certified public accountant
10licensed or certified under ch. 442 for an act or omission in the performance of
11professional accounting services shall be commenced within 6 years from the date
12of the act or omission or be barred.
AB345,29,1313 (End)
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