The Florida Board of Accountancy handles applications to sit for the Uniform CPA Examination.
The requirements for individual licensure include: The Florida Board of Accountancy also handles applications for firm licenses.
The most recent Declaratory Statement covered accounting and tax services provided to companies in the marijuana industry.
Also attending were Lieutenant Governor Jeanette Nuñez and DBPR Secretary Halsey Beshears.
The purpose of the Deregathon was to begin the process of reducing unnecessary regulations facing Floridians with a goal to strengthen the state's economy.
The Florida Board of Accountancy participated in the event and identified several issues impacting Statutes, Administrative Rule and policy.
[10] With a regularly scheduled Board meeting the following day, the BOA began rulemaking on issues identified in the Deregathon.
R. Bob Smith, on behalf of the national firms, led an effort to separate the Board of Accountancy (a Florida Regulatory body) and the Florida Institute of Certified Public Accountants (a membership organization representing the CPA profession).
in 1997, the Board of Accountancy Act was amended to require only a majority of partners be licensed CPAs.
Following this movement, in 1973 Florida enacted a law requiring 90 hours of continuing professional education every three years.
Over the next ten years, Florida discussed increasing the number of college credits required for licensure.
[12] Advertising by CPAs During the 1990s, Florida was a party in two US Supreme Court cases shaped the way the CPA profession was regulated.
US congressional hearings to determine if government oversight of the profession resulted in the 1976 Metcalf Report "The Accounting Establishment"[16].
Two famous accounting scandals in 2001 and 2002 (Enron and WorldCom) would lead to the 2002 enactment of the Sarbanes-Oxley Act (SOX).
SOX would replace Peer Review for public company auditors with a structure for government inspections of CPA firms.
[17] Peer Review was first designed as a process to improve practices of CPA firms and the original intent was to be rehabilitative in nature.