{"id":565,"date":"2021-10-20T22:23:31","date_gmt":"2021-10-20T22:23:31","guid":{"rendered":"https:\/\/sites.sandiego.edu\/cpil-blog\/?p=565"},"modified":"2021-10-20T22:23:31","modified_gmt":"2021-10-20T22:23:31","slug":"board-of-accountancy-publishes-notice-on-fee-increase","status":"publish","type":"post","link":"https:\/\/sites.sandiego.edu\/cpil-blog\/2021\/10\/20\/board-of-accountancy-publishes-notice-on-fee-increase\/","title":{"rendered":"Board of Accountancy Publishes Notice on Fee Increase"},"content":{"rendered":"<h3>By Frannie Winters<\/h3>\n<p>On July 2, 2021, the California Board of Accountancy (CBA) published <a href=\"https:\/\/perma.cc\/K3X5-YJCJ\">notice<\/a> of its intent to amend section 70, Title 16 of the CCR to increase the Board\u2019s fee for an initial permit to practice public accountancy as a partnership, a corporation, or a certified public accountant (CPA), as set forth in the <a href=\"https:\/\/perma.cc\/9AG8-QTB3\">proposed language<\/a>. In addition, the Board proposes to increase the fee for renewal of a permit to practice as a partnership, corporation, public accountant, or CPA. According to the <a href=\"https:\/\/perma.cc\/M5DV-DJ5F\">initial statement of reasons<\/a>, the proposed revisions will \u201cincrease fee levels to their statutory cap and are anticipated to generate approximately $1.53 million annually.\u201d The initial statement of reasons further states that fee increases are necessary \u201cto ensure the CBA maintains sufficient financial resources to continue these functions essential to consumer protection.\u201d<\/p>\n<p>According to the initial statement of reasons, the proposed regulations are addressing a structural imbalance where authorized expenditures are greater than projected revenues. This imbalance is reducing the fund balance reserve and creating insufficient resources to enable the CBA to carry out its consumer protection mandate. CBA proposes to increase the fee for the initial permit to practice as a partnership, a corporation, or a certified public accountant from the current rate of $120 to the statutory maximum of $280, and align the regulations to reflect this increase. Similarly, CBA proposes to increase the fee for renewal of a permit to practice as a partnership, a corporation, a public accountant, or certified public accountant from the current rate of $120 to the statutory maximum of $280<\/p>\n<p>The 45-day public comment period for this rulemaking action ended on August 17, 2021, and a public hearing was held on August 18, 2021.<\/p>\n<p>At its September 24, 2021, WebEx <a href=\"https:\/\/perma.cc\/5NN8-9E3W\">meeting<\/a> [Agenda item XI.A.], the Board considered and rejected the one public comment received. The Board voted to adopt the proposed amendments, until such time as the Director of Department of Consumer Affairs; the Business, Consumer Services, and Housing Agency; and the Office of Administrative Law (OAL) approve the fee schedule through the formal rulemaking process.<\/p>\n<p>&nbsp;<\/p>\n<a class=\"synved-social-button synved-social-button-follow synved-social-size-32 synved-social-resolution-single synved-social-provider-facebook nolightbox\" data-provider=\"facebook\" target=\"_blank\" rel=\"nofollow\" title=\"Follow us on Facebook\" href=\"https:\/\/www.facebook.com\/CPILUSD\" style=\"font-size: 0px;width:32px;height:32px;margin:0;margin-bottom:5px;margin-right:5px\"><img loading=\"lazy\" decoding=\"async\" alt=\"Facebook\" title=\"Follow us on Facebook\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"32\" height=\"32\" style=\"display: inline;width:32px;height:32px;margin: 0;padding: 0;border: none;box-shadow: none\" src=\"https:\/\/sites.sandiego.edu\/cpil-blog\/wp-content\/plugins\/social-media-feather\/synved-social\/addons\/extra-icons\/image\/social\/circle\/64x64\/facebook.png\" \/><\/a><a class=\"synved-social-button synved-social-button-follow synved-social-size-32 synved-social-resolution-single synved-social-provider-twitter nolightbox\" data-provider=\"twitter\" target=\"_blank\" rel=\"nofollow\" title=\"Follow us on Twitter\" href=\"https:\/\/twitter.com\/cpilusd\" style=\"font-size: 0px;width:32px;height:32px;margin:0;margin-bottom:5px\"><img loading=\"lazy\" decoding=\"async\" alt=\"twitter\" title=\"Follow us on Twitter\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"32\" height=\"32\" style=\"display: inline;width:32px;height:32px;margin: 0;padding: 0;border: none;box-shadow: none\" src=\"https:\/\/sites.sandiego.edu\/cpil-blog\/wp-content\/plugins\/social-media-feather\/synved-social\/addons\/extra-icons\/image\/social\/circle\/64x64\/twitter.png\" \/><\/a>","protected":false},"excerpt":{"rendered":"<p>By Frannie Winters On July 2, 2021, the California Board of Accountancy (CBA) published notice of its intent to amend section 70, Title 16 of the CCR to increase the Board\u2019s fee for an initial permit to practice public accountancy <a class=\"more-link\" href=\"https:\/\/sites.sandiego.edu\/cpil-blog\/2021\/10\/20\/board-of-accountancy-publishes-notice-on-fee-increase\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1013,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132904,134316],"tags":[134364,132904,133036,132927,133052,132860],"coauthors":[132864],"class_list":["post-565","post","type-post","status-publish","format-standard","hentry","category-board-of-accountancy","category-rulemaking-board-of-accountancy","tag-accountant","tag-board-of-accountancy","tag-cba","tag-fees","tag-license","tag-rulemaking"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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