2014 House Bill 5220 / Public Act 177

Revise accounting firm licensure details

Introduced in the House

Jan. 14, 2014

Introduced by Rep. Tim Kelly (R-94)

To revise details of the licensure mandate imposed on certain officers of public accounting firms. Specifically, the bill would eliminate a requirement that only licensed certified public accountants can to serve as officers and directors of the an accounting firm, given that such firms sometimes offer a range of business service.

Referred to the Committee on Regulatory Reform

March 25, 2014

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

April 17, 2014

Substitute offered

The substitute passed by voice vote

April 29, 2014

Passed in the House 110 to 0 (details)

To revise details of the licensure mandate imposed on certain officers of public accounting firms. Specifically, the bill would eliminate a requirement that only licensed certified public accountants can to serve as officers and directors of the an accounting firm, given that such firms sometimes offer a range of business services.

Received in the Senate

April 30, 2014

Referred to the Committee on Regulatory Reform

May 20, 2014

Reported without amendment

With the recommendation that the bill pass.

June 3, 2014

Passed in the Senate 38 to 0 (details)

To revise details of the licensure mandate imposed on certain officers of public accounting firms. Specifically, the bill would eliminate a requirement that only licensed certified public accountants can to serve as officers and directors of the an accounting firm, given that such firms sometimes offer a range of business services.

Signed by Gov. Rick Snyder

June 17, 2014