Kentucky HB 177: AN ACT relating to certified public accountants. Amend KRS 325.220 to define "peer review" as designed to promote quality in "accounting and auditing services"; change "peer review committee" to " sponsoring organization"; amend KRS 325.301 to allow an out-of-state CPA firm to perform attest services within Kentucky; exempt out-of-state CPA firms from paying the initial application fee; require firms to grant the Accountancy Board access to peer review documents maintained in Facilitated State Board Access; allow the board to appoint a peer review oversight committee to monitor the peer review program; amend KRS 325.340 to allow the board to privately reprimand CPAs and CPA firms; allow CPAs and CPA firms to apply to have minor violations removed from their professional record after ten years; limit a licensee from having his or her record expunged more than once.

Status: Signed by Governor (Acts, ch. 24) (as of 2018-03-23)

State: Kentucky · Session: 2018RS · Bill: HB 177

Sponsors: J. Miller

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