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Accountancy Board asks Ways and Means for flexible fee authority, highlights workforce risks
Summary
The Accountancy Board of Ohio told the Ways and Means Committee it oversees nearly 30,000 CPA/PA licenses and is funded entirely by licensing fees; the board asked the legislature to let it set permit fees by rule to smooth revenue as retirements reduce renewals and described a statutory change to clarify ESOP ownership rules for CPA firms.
The Accountancy Board of Ohio asked the House Ways and Means Committee to approve its biennial budget request and to grant the board authority to set incremental permit fees by administrative rule to preserve operations as an aging licensee population reduces fee revenue.
Executive Director Donna O'Clock told the committee the board oversees roughly 30,000 active CPA and public-accountant licenses and more than 2,400 CPA firm registrations, is funded entirely by license and permit fees, and does not draw from…
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