Updated Statute Streamlines Board of Public Accounting and Provides Cost Savings
HB 147 passes Senate unanimously
Tuesday, April 24, 2018, Juneau, AK – The state will be saving money while encouraging new work for accountants and businesses through the passage of House Bill 147, sponsored by Representative Steve Thompson (R- Fairbanks). HB 147 implements digital notifications, establishes experience requirements consistent with other states and takes care of housekeeping for the Board of Public Accounting.
“Small modernizations like moving to digital notifications versus paper mail will save the state time and money. It’s easy to get behind changes like that and I’m proud to carry the legislation,” said Rep. Thompson.
The Board of Public Accounting will no longer be required to send physical notifications for meetings or regulation changes, some notifications are more than 20 pages long and sent to hundreds of recipients. Additionally, HB 147 updates the statute to establish experience requirements that mirror many lower 48 states which will allow more seamless business practices across state lines. Lastly, the bill adds language to acknowledge the oversight organization already in practice, which is considered a housekeeping measure.
“National boards helped craft these updates over the past 2 years to streamline our state Board of Public Accounting. These changes were widely supported by accounting boards and both sides of legislature,” said Rep. Thompson.
HB 147 passed the Senate unanimously and now moves to the governor’s desk for his signature.
For more information contact Press Secretary Mallory Walser at Mallory.Walser@akleg.gov