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F I S C A L I M P A C T R E P O R T

SPONSOR:	Stewart		DATE TYPED:	02/04/02		HB	333
SHORT TITLE:		Increase Public Accountant Exam Fees				SB
					ANALYST:		Sandoval

REVENUE

Estimated Revenue

Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

$167.0

Beginning in FY04

Recurring

OSF/Public

Accountancy Fund

(Parenthesis ( ) Indicate Revenue Decreases)

Relates to HB 333

Duplicates SB 266

SOURCES OF INFORMATION

LFC files

Responses Received

Regulation and Licensing Department (RLD)

Attorney General

SUMMARY

House Bill 333 amends the Public Accountancy Act by increasing the cap on examination fees from one hundred seventy-five dollars ($175.00) to two hundred twenty-five dollars ($225.00).

FISCAL IMPLICATIONS

The increased revenue to the Public Accountancy Board would allow the board to cover the growing costs of the Uniform CPA Examination.

OTHER SUBSTANTIVE ISSUES

Over 80 percent of exam fees are pass through money. The money is collected on behalf of the candidate and passed through to the national CPA exam providers. The remaining fees are specifically for board exam administration costs.

POSSIBLE QUESTIONS

1. Why are the costs for taking the CPA exam increasing?

2. House Bill 333 increases the cap on fees that the may be charged. How much of an increase is anticipated for the actual fees charged?

3. How will the increase in fees be implemented by the Public Accountancy Board?