WSR 16-06-075

PREPROPOSAL STATEMENT OF INQUIRY

[Filed February 26, 2016, 11:03 a.m.]

Subject of Possible Rule Making: WAC 4-30-010 Definitions.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.04.055, 18.04.025, 18.04.350.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Rule making is needed to implement definitions of fiduciary duty and breach of fiduciary duty.

These definitions are needed in order to clarify a certified public accountant's responsibility to clients.

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 contacting Charles E. Satterlund, Executive Director, Washington State Board of Accountancy, P.O. Box 9131, Olympia, WA 98507-9131, phone (360) 586-0785, fax (360) 664-9190, e-mail customerservice@cpaboard.wa.gov.

February 26, 2016

Charles E. Satterlund, CPA, CIA

Executive Director