Subject of Possible Rule Making: WAC 4-25-530 Fees.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.04.055, 18.04.065, 18.04.105, 18.04.195, 18.04.205, and 18.04.215.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The 1999 legislature is considering legislation related to continuing professional education and licensing requirements for certified public accountants that will amend the Public Accountancy Act, chapter 18.04 RCW. If passed as drafted the legislation will change the renewal period for certified public accountant (CPA) certificates, individual licenses, and CPA firm licenses from biennial to every three years. The board wishes to take proactive measures to begin the rule review process if necessary. The board anticipates restructuring certificate, license, and firm license renewal fees to align with the change in statute (reflect the change from biennial renewal to renewal every three years). Currently the fees the board collects adequately pay the costs of administering chapter 18.04 RCW. The board does not anticipate that restructuring of the fee cycle will result in a realized increase in renewal fees.

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. McInturff, Executive Director, Washington State Board of Accountancy, P.O. Box 9131, Olympia, WA 98507-9131, (360) 664-9194, fax (360) 664-9190, e-mail 103124.2013@compuserve.com.

February 4, 1999

Dana M. McInturff, CPA

Executive Director

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