This month’s update includes information on the Arizona House and Senate; legislation impacting the CPA profession; a Board of Accountancy update, including volunteer opportunities; and a PAC update.
The Arizona Senate and House of Representatives adjourned the regular session on May 26. While the legislative session totaled 135 days, the House and Senate were recessed for six weeks due to the COVID-19 pandemic. Of the 1,734 pieces of legislation introduced this year, 90 bills passed both the House and Senate and were signed by the governor. As the state grapples with the impacts of COVID-19 and the economic downturn, special sessions of the Legislature are anticipated this summer and fall.
Board of Accountancy Legislation
This year, the ASCPA worked with the Board of Accountancy and Senate Majority Leader Rick Gray on SB 1131 (certified public accountants). On June 5, Governor Doug Ducey signed SB 1131 into law. Effective August 25, the executive director of the Board will have the ability to approve CPE reciprocity requests, while any denials must still go to the full Board. Additionally, firms that fail to meet registration requirements will have their licenses expired rather than revoked. View the full text of SB 1131. View the SB 1131 fact sheet.
State Board of Accountancy Update
This month, the Board of Accountancy elected new leadership for the 2020-2021 year. Congratulations to Giselle Alexander for being elected Board President, Tiffany Young for being elected Board Secretary and Bruce Beach for being elected Board Treasurer. The Board discussed potential rulemaking changes to address peer review and professional conduct standards, as well as updating other areas of rule. Board staff will also look into requiring an email as part of the required information for address of record.
State Board of Accountancy Advisory Committees
The Board of Accountancy is served by six advisory committees that assist with overseeing the CPA profession and protecting the public. Members of the committee are selected by the Board and advise the Board and staff on matters that come before the Board. The committees are Accounting and Auditing, Tax, Peer Review Oversight, Law Review, Certification, and Continuing Professional Education. If you’re interested in serving on an advisory committee when a vacancy occurs, send an email to ASCPA Director of Government Relations John Baumer. Overview of Advisory Committees. Current Advisory Committee Vacancies
ASCPA PAC Report Coming Soon
The September/October issue of AZCPA magazine will feature our special report on the ASCPA Political Action Committee (PAC), how your contributions are used and how they make a difference. Many of you contributed already – Thank You! If you’d like to contribute, go to our Online PAC Donation Information.