WSR 03-12-052

PREPROPOSAL STATEMENT OF INQUIRY

BOARD OF ACCOUNTANCY


[ Filed May 30, 2003, 2:56 p.m. ]

Subject of Possible Rule Making: Chapter 4-25 WAC.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.04.055.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Due to the passage of SHB 1211 rule making is required to implement the new provisions of chapter 18.04 RCW related to (1) workpapers and document retention, (2) RCW 18.04.195(1) requiring self-reporting to the board by licensees (firms and individuals), certificateholders, and nonlicensee owners within thirty days of certain enforcement related actions by federal agencies, state agencies, and nongovernmental professionally related standard-setting entities, (3) raising the maximum fine to $30,000, (4) requiring firms to notify the board in writing within ninety days of falling out of compliance with ownership requirements, and (5) definitions related to (1), (2), and (3).

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: Agency study.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by writing to Dana M. Inturff [McInturff], Executive Director, Washington State Board of Accountancy, P.O. Box 9131, Olympia, WA 98507-9131, fax (360) 664-9190, e-mail danam@cpaboard.wa.gov.

May 23, 2003

Dana M. McInturff, CPA, CFE

Executive Director

Legislature Code Reviser 

Register

Washington State Code Reviser's Office