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Committee advances changes to accountancy law, including conservatorship and credit requirements
Summary
House Bill 121, updating the Accountancy Act to lower credit requirements and modify conservatorship requirements related to CPAs, was reported out of committee with individual recommendations after a staff summary and limited questions.
The Senate State Affairs Committee reported out House Bill 121 on May 8. The bill updates Alaska’s accountancy statute by lowering certain credit requirements for accountants and changing requirements that relate to conservatorship issues involving certified public accountants.
Amanda Endemo, staff to Representative Calvin Schrage, summarized the bill for the committee and said it updates the Accountancy Act to lower credit requirements and amends the requirements for conservatorship where CPAs are involved. A representative of the State Board of Accountancy joined online for questions only; no members of the public offered testimony during the hearing. Vice Chair Bjorkman moved to report CS 4 for HB 121, work draft 34 LS 0382 backslash G, out of committee with individual recommendations and an attached zero fiscal note; there were no objections and the motion carried.
The committee authorized legislative legal staff to make technical or conforming changes as needed in preparing the committee report.
