2005 Senate Bill 723 / Public Act 278

Make accountant licensure more restrictive

Introduced in the Senate

Sept. 6, 2005

Introduced by Sen. Mike Bishop (R-12)

To increase the penalties for violation of certain state accounting regulations, increase the stringency of certain licensure provisions, require accountants to undergo periodic peer reviews, and make other revisions to the accountancy licensure law.

Referred to the Committee on Banking and Financial Institutions

Oct. 11, 2005

Reported without amendment

With the recommendation that the amendments be adopted and that the bill then pass.

Oct. 12, 2005

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Oct. 18, 2005

Passed in the Senate 38 to 0 (details)

Received in the House

Oct. 18, 2005

Referred to the Committee on Regulatory Reform

Oct. 19, 2005

Referred to the Committee on Banking and Financial Services

Nov. 9, 2005

Reported without amendment

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

Dec. 1, 2005

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Dec. 6, 2005

Passed in the House 99 to 6 (details)

To increase the penalties for violation of certain state accounting regulations, increase the stringency of certain licensure provisions, require accountants to undergo periodic peer reviews, and make other revisions to the accountancy licensure law.

Received in the Senate

Dec. 7, 2005

Dec. 8, 2005

Passed in the Senate 36 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Jennifer Granholm

Dec. 19, 2005