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Laws and rules committee recommends edits to discipline 'civil penalty matrix' after peer-review review
Summary
The Board's laws and rules committee reviewed the discipline matrix used to guide civil penalties and recommended clarifying edits, including changing the document title and adding language noting the matrix is a guideline and that suspension, revocation and other non-monetary sanctions remain available.
The Tennessee State Board of Accountancy's laws and rules committee on May 5 reviewed the board's discipline matrix and recommended targeted edits to clarify its scope and remedies after a legal briefing on the board's disciplinary authority.
Why it matters: The discipline matrix guides staff and the board when proposing penalties for violations of the Accountancy Act and board rules. Clarifying the matrix affects consistency and public understanding about possible sanctions, including civil penalties, suspension and revocation.
Key points from the committee discussion - Legal overview: Board counsel Lee Lott reviewed the board's statutory authority and legal remedies available under the Accountancy Act, noting the board has a broad range of disciplinary tools…
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