WSR 07-16-121

PREPROPOSAL STATEMENT OF INQUIRY

BOARD OF ACCOUNTANCY


[ Filed July 31, 2007, 2:46 p.m. ]

Subject of Possible Rule Making: WAC 4-25-750 What are the firm licensing requirements?

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.04.055(8), 18.04.195, 18.04.205.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Rule making is needed to align the rule with the Public Accountancy Act, chapter 18.04 RCW and RCW 25.15.045 Professional limited liability companies. This is necessary to clarify ownership requirements.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None. However, when notifying stakeholders of this rule-making activity, the board will include the secretary of state as a stakeholder.

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 contacting Richard C. Sweeney, CPA, Executive Director, Washington State Board of Accountancy, P.O. Box 9131, Olympia, WA 98507-9131, (360) 586-0163, fax (360) 664-9190, e-mail webmaster@capboard.wa.gov.

July 31, 2007

Richard C. Sweeney

Executive Director

Washington State Code Reviser's Office