88R7862 SCP-F
 
  By: Button H.B. No. 3520
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the regulation of public accountancy.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 901.252, Occupations Code, is amended to
  read as follows:
         Sec. 901.252.  ELIGIBILITY REQUIREMENTS. To be eligible to
  receive a certificate, a person must:
               (1)  satisfy the requirements of Section 901.253;
               (2)  meet the education requirements established under
  Section 901.254 [or 901.255];
               (3)  pass the uniform CPA examination;
               (4)  meet the work experience requirements established
  under Section 901.256; and
               (5)  pass an examination on the rules of professional
  conduct as determined by board rule.
         SECTION 2.  Section 901.256(a), Occupations Code, is amended
  to read as follows:
         (a)  To be eligible to receive a certificate, a person must
  complete[:
               [(1)  at least two years of work experience under the
  supervision of a certified public accountant; or
               [(2)] at least one year of work experience acceptable to
  the board and under the supervision of a certified public
  accountant, including experience providing a service or advice
  involving accounting, attest services, management or financial
  advisory or consulting services, tax services, or other services
  the board considers appropriate for an accountant[, if the person:
                     [(A)  has completed at least 150 semester hours of
  college credits; or
                     [(B)  holds a graduate degree].
         SECTION 3.  Section 901.304(a), Occupations Code, is amended
  to read as follows:
         (a)  For each examination or reexamination, the board by rule
  shall apportion an amount of the total examination fee among the
  parts of the examination that an applicant is eligible to take on a
  particular examination date. For each examination or
  reexamination, the board shall collect from each applicant a fee
  set by board rule not to exceed the cost of administering the parts
  of the examination that the applicant is eligible to take.
         SECTION 4.  The heading to Section 901.310, Occupations
  Code, is amended to read as follows:
         Sec. 901.310.  PASSAGE OF [CONDITIONAL] EXAMINATION
  [CREDIT].
         SECTION 5.  Section 901.310(c), Occupations Code, is amended
  to read as follows:
         (c)  The board shall consider a person to have passed an
  examination if the person receives credit for each subject within
  the time prescribed by the board [by receiving conditional credit
  after September 1, 1989, and passing the remaining subjects within
  the six consecutive examinations following the examination for
  which the person receives conditional credit].
         SECTION 6.  Section 901.311, Occupations Code, is amended to
  read as follows:
         Sec. 901.311.  RESTRUCTURE OF EXAMINATION. On the
  restructuring of [If] the uniform CPA examination [is
  restructured], the board by rule shall determine the manner in
  which credit for a subject is integrated into the new structure.
         SECTION 7.  Section 901.355(a), Occupations Code, is amended
  to read as follows:
         (a)  The holder of a certificate, license, or degree
  authorizing the person to practice public accountancy in a foreign
  country who on or before September 1, 2023, registered [may
  register] with the board as the holder of a certificate, license, or
  degree issued by the foreign country may continue to practice in
  this state under that registration for as long as the person stays
  in compliance with the provisions of this chapter and board rules
  applicable to the person[, if the board determines that the
  standards under which the applicant was certified or otherwise
  authorized to practice public accountancy were at least as high as
  the standards of this state at the time that authority was granted].
         SECTION 8.  The following provisions of the Occupations Code
  are repealed:
               (1)  Section 901.255;
               (2)  Sections 901.310(a) and (b); and
               (3)  Sections 901.355(b) and (c).
         SECTION 9.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2023.