Section 339.721 - State board of accountancy; creation; qualifications of members; promulgation of rules.
OCCUPATIONAL CODE (EXCERPT)
Act 299 of 1980
339.721 State board of accountancy; creation; qualifications of members; promulgation of rules.
Sec. 721.
(1) The state board of accountancy is created.
(2) Six members of the board shall be certified public accountants who hold a certificate as a certified public accountant, who are licensed under section 727, and who have practiced in this state as certified public accountants for not less than 5 years. Three members shall be representative of the general public, 1 of whom shall be an attorney who is a member in good standing in the bar of this state. One of the 9 members of the board shall be a full-time instructor of accounting above the elementary level at an accredited college or university.
(3) The director may promulgate the following rules:
(a) Rules of professional conduct for establishing and maintaining high standards of competence and integrity in the practice of public accounting.
(b) Rules governing corporations practicing public accounting, consistent with the professional service corporation act, 1962 PA 192, MCL 450.221 to 450.235.
(c) Rules governing educational and experience requirements for the issuance of a certificate as a certified public accountant.
(d) Rules of procedure governing the conduct of matters before the board.
(e) Rules governing the recognition of educational institutions by the board.
(f) Rules governing continuing education as required by section 729.
(g) Any other rules considered necessary by the director to implement and enforce this article.
History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 ;-- Am. 2005, Act 278, Imd. Eff. Dec. 19, 2005
Popular Name: Act 299
Admin Rule: R 338.5101 et seq. of the Michigan Administrative Code.