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Senate Bill S5835

2009-2010 Legislative Session

Relates to educational requirements for persons seeking licensure as a certified public accountant

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Higher Education Committee

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2009-S5835 (ACTIVE) - Details

Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยง7404, Ed L

2009-S5835 (ACTIVE) - Summary

Requires persons seeking licensure as a certified public accountant to receive a master's degree within five years.

2009-S5835 (ACTIVE) - Sponsor Memo

2009-S5835 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5835

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 8, 2009
                               ___________

Introduced  by Sen. STAVISKY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the education law,  in  relation  to  requiring  persons
  seeking  licensure  as  a  certified  public  accountant  to receive a
  master's degree within five years

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Paragraph 2 of subdivision 1 of section 7404 of the educa-
tion law, as amended by chapter 651 of the laws of 2008, is  amended  to
read as follows:
  (2)  Education: have received an education, including a bachelor's [or
higher] degree or a foreign equivalent based on a program in  accountan-
cy,  in  accordance with the commissioner's regulations; AND WITHIN FIVE
YEARS OF RECEIVING SUCH BACHELOR'S DEGREE  OR  FOREIGN  EQUIVALENT,  THE
APPLICANT  SHALL  OBTAIN  A  MASTER'S  DEGREE IN ACCOUNTING, A MASTER OF
BUSINESS ADMINISTRATION DEGREE WITH A CONCENTRATION IN ACCOUNTING, OR  A
MASTER'S DEGREE WITH A CONCENTRATION IN A PROGRAM OF STUDY ACCEPTABLE TO
THE DEPARTMENT, IN ACCORDANCE WITH THE COMMISSIONER'S REGULATIONS;
  S  2.  This  act  shall  take  effect on the same date and in the same
manner as chapter 651 of the laws of 2008, takes effect.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14104-01-9

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