PROPOSED RULES
Original Notice.
Preproposal statement of inquiry was filed as WSR 99-23-051.
Title of Rule: WAC 4-25-400 Preamble.
Purpose: To introduce the board's rules, chapter 4-25 WAC.
Statutory Authority for Adoption: RCW 18.04.055.
Statute Being Implemented: RCW 18.04.055.
Summary: Outlines the authority for and the purpose of the board's rules, chapter 4-25 WAC.
Reasons Supporting Proposal: Advises the reader of the authority given to the board by the legislature to enact rules and of the subjects covered by the board's rules.
Name of Agency Personnel Responsible for Drafting, Implementation and Enforcement: Dana M. McInturff, CPA, 210 East Union, Suite A, Olympia, (360) 586-0163.
Name of Proponent: Board of Accountancy, governmental.
Rule is not necessitated by federal law, federal or state court decision.
Explanation of Rule, its Purpose, and Anticipated Effects: The rules advises the reader of the authority given to the board by the legislature through chapter 18.04 RCW (the Public Accountancy Act). This authority includes the enactment of rules. This rule is a preamble to those rules and lists the general subjects included in chapter 4-25 WAC.
Proposal Changes the Following Existing Rules: Amendment of the rule will:
1. Present the rule in a clear concise format.
2. Align with the six major headings found within chapter 4-25 WAC.
No small business economic impact statement has been prepared under chapter 19.85 RCW. The proposed rule will not have more than minor economic impact on business.
RCW 34.05.328 does not apply to this rule adoption. The Board of Accountancy is not one of the agencies required to submit to the requirements of RCW 34.05.328.
Hearing Location: Wyndham Garden Hotel -- SeaTac, 18118 Pacific Highway South, SeaTac, WA 98188, on April 28, 2000, at 9:30 a.m.
Assistance for Persons with Disabilities: Contact Cheryl Sexton by April 21, 2000, TDD (800) 833-6384, or (360) 664-9194.
Submit Written Comments to: Dana M. McInturff, P.O. Box 9131, Olympia, WA 98507-9131, fax (360) 664-9190, by April 26, 2000.
Date of Intended Adoption: April 28, 2000.
February 25, 2000
Dana M. McInturff, CPA
Executive Director
OTS-3842.1
AMENDATORY SECTION(Amending WSR 93-12-063, filed 5/27/93,
effective 7/1/93)
WAC 4-25-400
((Preamble.)) What is the authority for and
the purpose of the board's rules?
((These rules are adopted by
the Washington state board of accountancy, pursuant to its
authority under RCW 18.04.055, the Public Accounting Act. Their
purpose is to promote and protect the public interest by
implementing the provisions of that act, which provide for the
certifying and licensing of practitioners of public accountancy
and the regulation of the practice of public accountancy. The
further purpose is the enhancing of the reliability of
information which is used for guidance in financial transactions
or for accounting for or assessing the financial status or
performance of commercial, noncommercial, and governmental
enterprises.)) The Public Accountancy Act (act) establishes the
board as the licensing and disciplinary agency for certified
public accountants (CPA) and CPA firms. The act authorizes the
board to promulgate rules to carry out the purpose of the act,
which include:
• Protecting the public interest; and
• Enhancing the reliability of information used for guidance in financial transactions or for accounting for or assessing financial status or performance.
The board's rules, contained in chapter 4-25 WAC, encompass these subjects:
• Definitions;
• Administration of the board;
• Ethics and prohibited practices;
• Certifying and licensing entry and renewal requirements;
• Continuing competency; and
• Regulation and enforcement.
[Statutory Authority: RCW 18.04.055. 93-12-063, § 4-25-400, filed 5/27/93, effective 7/1/93.]