H.R. 7624 (Fraser), to provide for regulation of the professional practice of certified public accountants in the District of Columbia, including the examination, licensure, registration of certified public accountants, and H.R. 9815 (Mathias), to provide for regulation of the professional practice of certified public accountants in the District of Columbia, including the examination, licensure, registration of certified public accountants, and Moyer, Thomas F., Assistant Corporation Counsel District of Columbia Institute of Certified Public Accountants: Regardie, Benjamin F., member of legislative committee_ Fraser, Hon. Donald M., a Representative in Congress from the State of Herbert, Dr. Leo, Director, Office of Staff Management_ Moore, John W., Office of General Counsel. Smith, Frederic H., Deputy Director, Accounting and Auditing Mathias, Hon. Charles McC., Jr., a Representative in Congress from the California Society of Certified Public Accountants, Lorin A. Torrey, president, letter dated June 8, 1965, to Chairman McMillan Chasteen, Elmer E., letter dated June 8, 1965, to Chairman McMillan Colorado Society of Certified Public Accountants, Herbert R. Dunham, president, letter dated June 8, 1965, to Chairman McMillan...-. 39 Letter dated June 17, 1965, to Chairman McMillan on H.R. 7624...... Letter dated January 24, 1966, to Chairman Abernethy reporting recommendations agreed upon with representatives of the District of Columbia Institute of Certified Public Accountants... -- District of Columbia government, Hon. Walter N. Tobriner, President, Letter dated October 8, 1965, to Chairman McMillan on H.R. 7624 Letter dated January 17, 1966, to the Speaker of the House submit- District of Columbia Institute of Certified Public Accountants: Letter dated January 21, 1966, to Chairman Abernethy reporting recommendations agreed upon with representatives of General Letter dated January 29, 1966, to Chairman Abernethy commenting Florida Institute of Certified Public Accountants, Arthur L. Shealy, Jr., New Hampshire Society of Certified Public Accountants, Alexander Anton, president, letter dated July 14, 1965 to Chairman McMillan____ New York State Society of Certified Public Accountants, William P Oregon Society of Certified Public Accountants, Gordon R. Jacobson, Securities and Exchange Commission, Manuel F. Cohen, Chairman, letter dated January 6, 1966, to Chairman McMillan enclosing Stonerock, R. F. & Co., letter dated July 20, 1965, to Chairman McMillan. Tennessee Society of Certified Public Accountants, Joseph F. Decosimo, president, letter dated June 9, 1965, to Chairman McMillan___ Vermont Society of Certified Public Accountants, Robert A. Boucher, Letter dated June 2, 1965, to Chairman McMillan.... Letter dated June 7, 1965, to Hon. Alan Bible. Virginia Society of Certified Public Accountants, Robert T. Bosserman, CERTIFIED PUBLIC ACCOUNTANTS WEDNESDAY, JANUARY 19, 1966 HOUSE OF REPRESENTATIVES, SUBCOMMITTEE No. 2 OF THE COMMITTEE ON THE DISTRICT OF COLUMBIA, Washington, D.C. The subcommittee met at 10 a.m. in room 1310, Longworth House Office Building, the Honorable Thomas G. Abernethy (chairman) presiding. Members present: Mr. Abernethy, chairman; Mr. Fraser, Mr. Sickles, and Mr. Harsha. Also present: James T. Clark, clerk; Hayden S. Garber, counsel; Donald Tubridy, minority clerk; and Leonard O. Hilder, investigator. Mr. ABERNETHY. The subcommittee will come to order. The purpose of the meeting of Subcommittee No. 2 is to take testimony on two bills, one introduced by Mr. Fraser, H.R. 7624, and one by Mr. Mathias, H.R. 9815, to provide for regulation of the professional practice of certified public accountants in the District of Columbia, including the examination, licensure, registration of certified public accountants, and for other purposes. The purpose of the bills is to repeal the present 1923 CPA law (D.C. Code, title 2, ch. 9, secs. 901-909; 42 stat. 1261) and set up new and improved standards to conform with those in most of the States. (Staff memorandum and the bills referred to, H.R. 7624 and H.R. 9815, follow:) JANUARY 17, 1966. STAFF MEMORANDUM REGARDING H.R. 7624 (Fraser) anD H.R. 9815 (MATHIAS) TO REGULATE CERTIFIED PUBLIC ACCOUNTANTS Purpose of bills To repeal present 1923 CPA law (approved Feb. 17, 1923, 42 Stat. 2161, D.C. Code, Tit. 2, sec. 901) and set up new and improved standards to conform to those in most of the States (30 now require higher qualifications than the District of Columbia). Main provisions of bills (1) Education and experience (sec. 7).—Requires high school diploma plus any of three combinations: 60 semester hours plus 4 years' experience; 90 semester hours plus 3 years' experience; 120 semester hours plus 2 years' experience. Present law: High school graduation or "sufficient experience in accounting"; plus (a) accounting school diploma and 1 year's experience, or (b) 3 years' experience employed by a CPA. (2) Residency (sec. 6).-District of Columbia residence or regular District of Columbia employment for 1 year prior to application. Present law: No residence requirement. (3) Examination (sec. 6).-Prescribed by Commissioners who issue CPA certificates. Waiver (sec. 8) is permitted under certain conditions for CPA's from other jurisdictions. (4) Biennial registration (sec. 9).-Required of all CPA's in the Distri licensing of CPA partnerships is permitted (sec. 10). Present law: No registration required. (5) Government accounting experience (sec. 7, p. 12).-Is recognized. Present law: Not so recognized under present law. (6) Board of Accounting set up (sec. 4). Three members, all registered with 10 years' practice (5 in District of Columbia). Present law: Requires CPA certificate and 3 years' practice. (H.R. 7624, 89th Cong., 1st sess.] A BILL To provide for regulation of the professional practice of certified public accountants in the of Columbia, including the examination, licensure, registration of certified public accounta for other purposes Be it enacted by the Senate and House of Representatives of the United St America in Congress assembled, That this Act shall be known and may b as the "District of Columbia Certified Public Accountancy Act of 1965". SEC. 2. As used in this Act DEFINITIONS (a) The term "certified public accountant" means a person who is the in good standing of a certificate of certified public accountant issued und laws of any State or Territory of the United States authorizing him to p as a certified public accountant in such State or territory. A "certified accountant of the District of Columbia" is a person who is the holder in standing of a certificate of certified public accountant issued under the Congress approved February 17, 1923, as amended (42 Stat. 1261, ch. 9 who is the holder in good standing of a certificate of certified public acco or of an endorsement of certificate of certified public accountant issued pu to section 6 or 8, respectively, of this Act authorizing him to practice as a co public accountant in the District of Columbia. (b) The term "Commissioners" means the Commissioners of the Dist Columbia sitting as a board or their authorized agent or agents. (c) The term "Board" means the Board of Accountancy. (d) The term "person" includes partnerships, corporations and assoc as well as natural persons. (e) The term "he" and the derivatives thereof shall be construed to i the word "she" and the derivatives thereof. SEC. 3. (a) No natural person shall assume or use the title or desig "certified public accountant" or the abbreviation "C.P.A.", or any othe designation, words, letters, or abbreviations tending to indicate that such is a certified public accountant, or is likely to be confused with "certified accountant" or "C.P.A.", unless such person is a holder of a certificate of co public accountant. No natural person shall engage or hold himself out public as being engaged in the practice of public accountancy as a certified accountant of the District of Columbia, unless such natural person is the of a certificate of certified public accountant of the District of Columbia endorsement of certificate of certified public accountant as provided in s 6 and 8 of this Act. (b) No partnership shall assume or use the title or designation "certified accountants" or the abbreviation "C.P.A.'s" or any other title, desig words, letters, abbreviations, sign, or device tending to indicate that such pa ship is composed of certified public accountants, unless such partnership i tered as a partnership of certified public accountants under section 10 of th (c) No corporation shall assume or use the title or designation "certified accountant" or the abbreviation "C.P.A." or any other title, designation, letters, abbreviations, sign, card, or device tending to indicate that such co tion is licensed as a certified public accountant, or likely to be confuse "certified public accountant" or "C.P.A.” (d) Nothing in this Act shall be construed to prohibit any person, partn or corporation from practicing public accountancy either gratuitously or fo Provided, That such person, partnership, or corporation does not assume th of "certified public accountant", or the abbreviation "C.P.A." or any other designations, or abbreviations likely to be confused with "certified accountant" or "C.P.A." |