Public Accountancy; revises and makes several amendments to public accounting statute. (SB1395)

Introduced By

Sen. Walter Stosch (R-Glen Allen)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Public Accountancy. Revises and makes several amendments to the public accounting statute including: (i) clarification of the CPA title as a practice designation, (ii) setting out requirements and standards for the issuance of an individual and a firm license, for obtaining a license through renewal, reinstatement or the lifting of a suspension, and (iv) detailing standards of conduct and practice for the profession. The bill also authorizes the Board of Accountancy to enter into confidential consent orders. In addition, the bill provides that all attest or compilation services provided in the state must be under the supervision of a person who holds a Virginia license, or meets the requirements for using the CPA title in Virginia under substantial equivalency, and must be carried out in conformity with standards of conduct and practice. Read the Bill »


03/23/2007: signed by governor


01/19/2007Presented and ordered printed 071502824
01/19/2007Referred to Committee on General Laws and Technology
01/24/2007Impact statement from DPB (SB1395)
01/26/2007Constitutional reading dispensed (38-Y 0-N)
01/29/2007Read second time
01/29/2007Reading of amendment waived
01/29/2007Committee amendment agreed to
01/29/2007Engrossed by Senate as amended SB1395E
01/29/2007Printed as engrossed 071502824-E
01/30/2007Read third time and passed Senate (40-Y 0-N)
01/30/2007Communicated to House
02/03/2007Placed on Calendar
02/03/2007Read first time
02/03/2007Referred to Committee on General Laws
02/04/2007Impact statement from DPB (SB1395E)
02/05/2007Assigned GL sub: #4 Prof./Occup./Admin. (Cosgrove)
02/15/2007Reported from General Laws with amendment (22-Y 0-N) (see vote tally)
02/19/2007Read second time
02/20/2007Read third time
02/20/2007Committee amendment agreed to
02/20/2007Engrossed by House as amended
02/20/2007Passed House with amendment BLOCK VOTE (99-Y 0-N)
02/20/2007VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/22/2007House amendment agreed to by Senate (40-Y 0-N)
02/22/2007VOTE: (40-Y 0-N) (see vote tally)
03/08/2007Bill text as passed Senate and House (SB1395ER)
03/08/2007Signed by Speaker
03/11/2007Signed by President
03/19/2007Impact statement from DPB (SB1395ER)
03/23/2007G Approved by Governor-Chapter 804 (effective 7/1/07)
04/10/2007G Acts of Assembly Chapter text (CHAP0804)