Oregon HB 2523: Relating to candidates for certified public accountant exam.

Bill Text

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82nd OREGON LEGISLATIVE ASSEMBLY--2023 Regular Session
House Bill 2523
Sponsored by Representative NATHANSON; Senator KNOPP (Presession filed.)
SUMMARY
The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject
to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the
measure as introduced.
Decreases number of course hours required before person may sit for certified public accountant
exam.
A BILL FOR AN ACT
Relating to candidates for certified public accountant exam; amending ORS 673.040 and 673.050.
Be It Enacted by the People of the State of Oregon:
SECTION 1. ORS 673.040 is amended to read:
673.040. (1) A certificate of certified public accountant shall be issued to any applicant who
meets the requirements of this section and ORS [673.050 and] 673.060 and who passes an examination
on the code of professional ethics adopted by the Oregon Board of Accountancy.
(2) An applicant for a certificate shall show that after meeting the eligibility requirements for
the examination required by ORS 673.050, the applicant has had at least one year of experience,
meeting requirements prescribed by the board by rule, [under the direct supervision of] that is ver-
ified by a public accountant, certified public accountant or chartered accountant who:
(a) Is licensed and in good standing in this state or another jurisdiction; and
(b) Has been licensed for a minimum period of time set by the board by rule.
(3) The board may issue a certificate to a holder in good standing of a license of certified public
accountant issued by another state or of a chartered accountant certificate issued by a foreign
country recognized by the board upon a showing that the holder meets requirements that are sub-
stantially equivalent to the education, experience and other requirements that must be satisfied for
the issuance of a certificate of certified public accountant under ORS 673.010 to 673.465.
(4) The board shall charge a fee for each application for issuance of a certificate under this
section in an amount prescribed by the board by rule.
(5) An applicant for a certificate shall have completed 150 semester hours or 225 quarter
hours of college education as prescribed by the board by rule.
SECTION 2. ORS 673.050 is amended to read:
673.050. (1) Except as provided in subsection (2) of this section, a candidate for admission to the
examination for a certified public accountant certificate shall present satisfactory evidence of
graduation with a baccalaureate or higher degree from a college or university that is accredited by
one of the six regional accrediting associations or by another accrediting body that is recognized
by the Oregon Board of Accountancy, and shall have completed [150] 120 or more semester hours
or [225] 180 or more quarter hours or the equivalent thereof, including courses in the study of ac-
counting, business, economics, finance, written and oral communications and other subjects as de-
termined by the board as appropriate for the accountancy profession.
NOTE: Matter in boldfaced type in an amended section is new; matter [italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 2056

HB 2523
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(2) A person may apply to take the examination for the certificate of certified public accountant
for the purpose of obtaining a license as a public accountant under ORS 673.100 if the person pre-
sents satisfactory evidence of graduation from a high school with a four-year course or of having
acquired an equivalent education, and has completed two years of public accountancy experience
or the equivalent that meets the experience requirements established by the board by rule.
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