NY State Senate Bill 2017-S8522A

Senate Bill S8522A

Signed By Governor

2017-2018 Legislative Session

Relates to removing the three-year exemption of mandatory continuing education for newly licensed certified public accountants and public accountants

download bill text pdf

Archive: Last Bill Status Via A10648 - Signed by Governor

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Dec 21, 2018	signed chap.413
Dec 11, 2018	delivered to governor
Jun 20, 2018	returned to assembly passed senate 3rd reading cal.1426 substituted for s8522a
Jun 20, 2018	substituted by a10648
Jun 04, 2018	advanced to third reading
May 31, 2018	2nd report cal.
May 30, 2018	1st report cal.1426
May 10, 2018	print number 8522a
May 10, 2018	amend (t) and recommit to higher education
May 09, 2018	referred to higher education

Votes

- Jun 20, 2018 - Floor Vote
  A10648
  
  60
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  3
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jun 20, 2018
      
      aye (60)
      
      Akshar
      
      Alcantara
      
      Amedore
      
      Avella
      
      Bailey
      
      Benjamin
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Brooks
      
      Carlucci
      
      Comrie
      
      DeFrancisco
      
      Dilan
      
      Felder
      
      Flanagan
      
      Funke
      
      Gallivan
      
      Gianaris
      
      Golden
      
      Griffo
      
      Hamilton
      
      Hannon
      
      Helming
      
      Hoylman-Sigal
      
      Jacobs
      
      Kaminsky
      
      Kavanagh
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Little
      
      Marcellino
      
      Marchione
      
      Mayer
      
      Montgomery
      
      Murphy
      
      O'Mara
      
      Ortt
      
      Parker
      
      Peralta
      
      Persaud
      
      Phillips
      
      Ranzenhofer
      
      Ritchie
      
      Robach
      
      Sanders Jr.
      
      Savino
      
      Sepúlveda
      
      Serino
      
      Serrano
      
      Seward
      
      Stavisky
      
      Stewart-Cousins
      
      Tedisco
      
      Valesky
      
      Young
      
      excused (3)
      
      Addabbo Jr.
      
      Croci
      
      Rivera
  May 30, 2018 - Higher Education Committee Vote
  S8522A
  
  16
  
  Aye
  
  0
  
  Nay
  
  2
  
  Aye with Reservations
  
  0
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Higher Education Committee Vote: May 30, 2018
      
      aye (16)
      
      Alcantara
      
      Bailey
      
      Breslin
      
      Funke
      
      Gallivan
      
      Griffo
      
      LaValle
      
      Ortt
      
      Parker
      
      Peralta
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sepúlveda
      
      Seward
      
      Stavisky
      
      aye wr (2)
      
      Krueger
      
      Serino
      
      excused (1)
      
      Croci

Bill Amendments

Original

A (Active)

2017-S8522 - Details

See Assembly Version of this Bill:: A10648
Law Section:: Education Law
Laws Affected:: Amd §7409, Ed L

2017-S8522 - Summary

Removes the three-year exemption of mandatory continuing education for newly licensed certified public accountants and public accountants.

2017-S8522 - Sponsor Memo

                                
 
BILL NUMBER: S8522

SPONSOR: HELMING
 
TITLE OF BILL:  An act to amend the education law, in relation to
mandatory continuing education requirements for certified public
accountants

 
PURPOSE:

The purpose of the bill is to reduce the three-year exemption of manda-
tory continuing education for newly licensed Certified Public Account-
ants and public accountants to a one-year exemption.

 
SUMMARY OF PROVISIONS:

Section 1 - Amends paragraph 1(b) of Section 7409 of the Education Law
to reduce the three-year exemption of mandatory continuing education for
newly licensed Certified Public Accountants and public accountants to a
one-year exemption.

Section 2 - Sets an effective date of January 1, 2020.

 
EXISTING LAW:

Currently, Certified Public Accountants and public accountants are
exempt from the mandatory continuing education requirement for the
triennial registration period during which they are first licensed by
the department.

 
JUSTIFICATION:

Mandating Continuing Professional Education (CPE) for all CPAs after the
first year of licensure in New York is in the public's best interest. As
the pace of technology, proliferation of regulations and increasing
specialization accelerates; one of the greatest challenges for all CPAs
is the attainment, maintenance and advancement of professional compe-
tence. To meet this challenge and to maintain public confidence it is
critical that all CPAs are and remain current with the standards, know-
ledge, skills, and abilities in all areas in which they provide
services. It is not enough that an individual is successful in complet-
ing an accountancy education and passing an exam.  In today's complex
and complicated world, all CPAs need to demonstrate that they are taking
substantive steps to maintain licensure. Unprofessional or unethical
practice of accountancy causes harm to the public. After the first year
of licensure, mandatory CPEs for all CPAs will further increase public
protection in the accountancy profession.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
January 1, 2020

2017-S8522 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8522
 
                             I N  S E N A T E
 
                                May 9, 2018
                                ___________
 
 Introduced  by  Sen. HELMING -- read twice and ordered printed, and when
   printed to be committed to the Committee on Higher Education
 
 AN ACT to amend the education law, in relation to  mandatory  continuing
   education requirements for certified public accountants
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph b of subdivision 1 of section 7409 of the  educa-
 tion  law,  as amended by chapter 651 of the laws of 2008, is amended to
 read as follows:
   b. [Certified public  accountants  and  public  accountants  shall  be
 exempt  from  the  mandatory  continuing  education  requirement for the
 triennial registration period during which they are  first  licensed  by
 the  department.]  CERTIFIED  PUBLIC  ACCOUNTANTS AND PUBLIC ACCOUNTANTS
 SHALL BE REQUIRED TO COMPLETE MANDATORY  CONTINUING  EDUCATION  REQUIRE-
 MENTS  BEGINNING  IN  THE  CALENDAR  YEAR SUBSEQUENT TO THEIR RECEIPT OF
 THEIR CERTIFICATE WITH CPE,  PRORATED  FOR  THE  TRIENNIAL  REGISTRATION
 PERIOD  DURING  WHICH  THEY  ARE  FIRST  LICENSED  BY THE DEPARTMENT. In
 accordance with the intent of this section, adjustments to the mandatory
 continuing education requirement may be granted by  the  department  for
 reasons  of  health  certified  by a physician, for extended active duty
 with armed forces of the United States, or for other good cause accepta-
 ble to the department which may prevent compliance.
   § 2. This act shall take effect January 1, 2020.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15717-02-8

co-Sponsors

2017-S8522A (ACTIVE) - Details

See Assembly Version of this Bill:: A10648
Law Section:: Education Law
Laws Affected:: Amd §7409, Ed L

2017-S8522A (ACTIVE) - Summary

Removes the three-year exemption of mandatory continuing education for newly licensed certified public accountants and public accountants.

2017-S8522A (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S8522A

SPONSOR: HELMING
 
TITLE OF BILL:

An act to amend the education law, in relation to removing the three-
year exemption of mandatory continuing education for newly licensed
certified public accountants and public accountants

 
PURPOSE:

The purpose of the bill is to remove the three-year exemption of manda-
tory continuing education for newly licensed Certified Public Account-
ants and public accountants.

 
SUMMARY OF PROVISIONS:

Section 1 - Amends paragraph 1(b) of Section 7409 of the Education Law
to remove the three-year exemption of mandatory continuing education for
newly licensed Certified Public Accountants and public accountants to a
one-year exemption.

Section 2 - Sets an effective date of January 1, 2020. EXISTING LAW:
Currently, Certified Public Accountants and public accountants are
exempt from the mandatory continuing education requirement for the
triennial registration period during which they are first licensed by
the department.

 
JUSTIFICATION:

As the pace of technology, proliferation of regulations and increasing
specialization accelerates; one of the greatest challenges for all CPAs
is the attainment, maintenance and advancement of professional compe-
tence. To meet this challenge and to maintain public confidence it is
critical that all CPAs are and remain current with the standards, know-
ledge, skills, and abilities in all areas in which they provide
services. It is not enough that an individual is successful in complet-
ing an accountancy education and passing an exam. In today's complex and
complicated world, all CPAs need to demonstrate that they are taking
substantive steps to maintain licensure. Unprofessional or unethical
practice of accountancy causes harm to the public. After the first year
of licensure, mandatory CPEs for all CPAs will further increase public
protection in the accountancy profession.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
January 1, 2020, provided, however, that effective immediately, the
addition and/or repeal of any rule or regulation necessary for the
implementation of this act on its effective date are authorized and
directed to be made and completed on or before such effective date.

2017-S8522A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8522--A
 
                             I N  S E N A T E
 
                                May 9, 2018
                                ___________
 
 Introduced  by  Sen. HELMING -- read twice and ordered printed, and when
   printed to be committed  to  the  Committee  on  Higher  Education  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the education law, in relation to  removing  the  three-
   year  exemption  of  mandatory continuing education for newly licensed
   certified public accountants and public accountants
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Paragraph b of subdivision 1 of section 7409 of the educa-
 tion law, as amended by chapter 651 of the laws of 2008, is  amended  to
 read as follows:
   b.  [Certified  public  accountants  and  public  accountants shall be
 exempt from the  mandatory  continuing  education  requirement  for  the
 triennial  registration  period  during which they are first licensed by
 the department.] In accordance with the intent of this section,  adjust-
 ments  to  the mandatory continuing education requirement may be granted
 by the department for reasons of health certified by  a  physician,  for
 extended  active  duty  with  armed  forces of the United States, or for
 other good cause acceptable to the department which may prevent  compli-
 ance.
   §  2. This act shall take effect January 1, 2020. Effective immediate-
 ly, the addition and/or repeal of any rule or regulation  necessary  for
 the  implementation of this act on its effective date are authorized and
 directed to be made on or before such effective date.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15717-03-8

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