Statement of Scope
Accounting Examining Board
Relating to: | Requirements for certification and examination |
1. Finding/nature of emergency (Emergency Rule only):
N/A
2. Detailed description of the objective of the proposed rule:
The Accounting Examining Board will revise ch. Accy 2 to remove obsolete requirements from ss. Accy 2.202 and 2.303. Specifically, the proposed rule will remove s. Accy 2.202 (5), which pertains to applications for a certified public accountant certificate submitted prior to October 1, 2018, and s. Accy 2.303 (3), which pertains to applications to take the certified public accountant examination submitted prior to October 1, 2017. 3. Description of the existing policies relevant to the rule, new policies proposed to be included in the rule, and an analysis of policy alternatives:
Current rules provide the educational requirements for certification as a CPA and to qualify to sit for the CPA examination. If the rules are not updated, they will continue to contain the obsolete provisions described above.
4. Detailed explanation of statutory authority for the rule (including the statutory citation and language):
Section 15.08 (5) (b), Stats., provides an examining board “[s]hall promulgate rules for its own guidance and for the guidance of the trade or profession to which it pertains. . .” Section 442.04 (5) (b) 3., Stats., provides the Board may not grant a certificate as a certified public accountant to any person other than a person who has completed at least 150 semester hours of education at an institution that include course work in accounting and business subjects, as determined by the Board, and has received a bachelor’s or higher degree. Section 442.04 (5) (b) 4., Stats., provides A person is not eligible to take the CPA examination unless the person has completed at least 120 semester hours of education at an institution that include course work in accounting and business subjects, as determined by the Board. 5. Estimate of amount of time that state employees will spend developing the rule and of other resources necessary to develop the rule:
State employees will spend approximately 80 hours developing the proposed rule.
6. List with description of all entities that may be affected by the proposed rule:
Candidates for the CPA examination and for certification as a CPA.
7. Summary and preliminary comparison with any existing or proposed federal regulation that is intended to address the activities to be regulated by the proposed rule:
None.
8. Anticipated economic impact of implementing the rule (note if the rule is likely to have a significant economic impact on small businesses):
The proposed rule will have minimal to no economic impact on small businesses and the state’s economy as a whole.
Approved for publication: Approved for implementation:
Authorized Signature Authorized Signature
Date Approved Date Approved
