Rules & Statutes

 

Board Eliminates Testing Window Limitation effective July 1, 2020

The State Board, pursuant to the rule change finalized in March 2020, determined that the examination system changes necessary to eliminate the test window limitations have been implemented.  Therefore, effective July 1, 2020, Louisiana exam candidates can retake a test section if necessary once their grade for a previous attempt of the same test section has been officially released.  Adopted by the Board at its April 2020 board meeting.  [See board rule §505.F.1.b]

 

Final Board Rules Adoption – March 20, 2020

The State Board approved amending its rules governing the CPA exam during its July 2019 board meeting.  Specifically, to amend LAC 46:XIX.505.F.1.b and eliminate the prohibition for CPA exam candidates to retake a failed section of the Uniform CPA exam in the same testing window (quarter).  The proposed change is to be implemented as soon as continuous exam testing can be implemented in all states and jurisdictions.

The proposed rule change was presented to the Occupational Licensing Review Commission for review and approved at its August 29, 2019:  OLRC Resolution Approvals 8.29.19

The next step in the rulemaking process was the publication of the Board’s Notice of Intent in the December 20, 2019 edition of the Louisiana Register.

A final report was sent to the Louisiana Legislative oversight committees as required on January 31, 2020 with final publication of the amended rules expected to be in the March 20, 2020 Louisiana Register.  There were no changes in the initial proposed rule amendments.

Access to the published Notice of Intent in December 2019 and the expected published Rules in March 2020 can be assessed free-of-charge at the Louisiana Register‘s website at: Louisiana Register

 

Information About the “Louisiana Accountancy Act” and Board Rules

The state statutes that establish the State Board and provide for its authority to license and regulate CPAs in Louisiana are collectively called the Louisiana Accountancy Act.

Updates to the statutes were adopted by the Louisiana Legislature during the 2016 Regular Legislative Session, and included changes to qualifications to sit for the CPA examination, allowing firm mobility, enabling the Board to add a CPA-Retired status, fee structure and schedule changes, and updating the definition of attest engagements.

You can download a copy of the statutes at this link:

Louisiana Accountancy Act – August 1 2016  

The State Board has rulemaking authority:

–> Chapter 13 of the Board’s Rules covers CPE.
–> Chapter 17 of the Board’s rules covers the Rules of Professional Conduct for Louisiana CPAs.

You can download a complete copy of the Board Rules at this link:

LAC 46v19 – Board Rules – March 2020 

 

Statements of Position

The following statements of position provide additional guidance on the named topics.