PART 22. TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
CHAPTER 511. ELIGIBILITY
SUBCHAPTER H. CERTIFICATION
The Texas State Board of Public Accountancy (Board) adopts an amendment to §511.163 concerning Board-Approved Ethics Requirement and Examination on the Rules of Professional Conduct, without changes to the proposed text as published in the May 31, 2024, issue of the Texas Register (49 TexReg 3900) and will not be republished.
The Board wants a CPA to be familiar with the Board's Ethics Rules concurrent with initial licensure. With CPA candidates permitted to take the CPA exam at 120 hours, the CPE on the Ethics Rules should not be tied to a rule addressing the exam. The requirement of CPE on the Rules of Professional Conduct is being removed from this rule in order that it may be addressed in Board Rule 523.130 and initial licensure.
No comments were received regarding adoption of the amendment.
The amendment is adopted under the Public Accountancy Act (Act), Texas Occupations Code, §901.151 and §901.655 which provides the agency with the authority to amend, adopt and repeal rules deemed necessary or advisable to effectuate the Act.
No other article, statute or code is affected by the adoption.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on July 11, 2024.
TRD-202403049
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: July 31, 2024
Proposal publication date: May 31, 2024
For further information, please call: (512) 305-7842
SUBCHAPTER C. ETHICS RULES: INDIVIDUALS AND SPONSORS
The Texas State Board of Public Accountancy (Board) adopts an amendment to §523.130 concerning Ethics Course Requirements, without changes to the proposed text as published in the May 31, 2023, issue of the Texas Register (49 TexReg 3901) and will not be republished.
The Board wants a CPA to be familiar with the Board's Ethics Rules concurrent with initial licensure. This rule requires a licensee to take CPE on the Rules of Professional Conduct within two years of initial licensure.
No comments were received regarding adoption of the amendment.
The amendment is adopted under the Public Accountancy Act (Act), Texas Occupations Code, §901.151 and §901.655 which provides the agency with the authority to amend, adopt and repeal rules deemed necessary or advisable to effectuate the Act.
No other article, statute or code is affected by the adoption.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on July 11, 2024.
TRD-202403050
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: July 31, 2024
Proposal publication date: May 31, 2024
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy (Board) adopts an amendment to §523.140 concerning Program Standards, without changes to the proposed text as published in the May 31, 2024, issue of the Texas Register (49 TexReg 3902) and will not be republished.
A CPE self-study program must contain at least three questions for each "learning objective" to help the student understand the materials studied. The rule was not intended to require three questions for each CPE credit. The rule is being revised to clarify that the questions must be tied to learning objectives.
The amendment is adopted under the Public Accountancy Act (Act), Texas Occupations Code, §901.151 and §901.655 which provides the agency with the authority to amend, adopt and repeal rules deemed necessary or advisable to effectuate the Act.
No other article, statute or code is affected by the adoption.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on July 11, 2024.
TRD-202403051
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: July 31, 2024
Proposal publication date: May 31, 2024
For further information, please call: (512) 305-7842