Louis S. Viverito
- Democratic
Amends the Illinois Public Accounting Act. Provides a definition of "Peer Review Administrator". Requires firms and sole practitioners providing accounting services under the Act to undergo a peer review as a condition of renewing a license unless an exemption applies. Allows the Department of Financial and Professional Regulation to adopt rules. Provides penalties for failure to comply with remedial actions determined appropriate by the Peer Review Administrator. Requires the firm or sole practitioner to pay for the costs of the peer review. Provides that the peer review proceedings, records, reports, and other documents are privileged and provides exceptions to the privilege. Provides for the peer review year of combined or divided firms or sole practitioners. Grants civil immunity except for reckless or willful misconduct. Effective immediately.
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Assigned to Executive Committee
Chief House Sponsor Rep. Frank J. Mautino
Arrived in House
Placed on Calendar Order of First Reading
Referred to Rules Committee
First Reading
Recalled to Second Reading
Third Reading - Passed; 056-000-000
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 2 Adopted; Viverito
Senate Floor Amendment No. 2 Recommend Do Adopt Licensed Activities; 006-000-000
Senate Floor Amendment No. 2 Rules Refers to Licensed Activities
Senate Floor Amendment No. 2 Referred to Rules
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Louis S. Viverito
Placed on Calendar Order of 3rd Reading March 16, 2005
Second Reading
Do Pass as Amended Licensed Activities; 009-000-000
Placed on Calendar Order of 2nd Reading March 8, 2005
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Rules Refers to Licensed Activities
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Louis S. Viverito
Senate Committee Amendment No. 1 Referred to Rules
Assigned to Licensed Activities
First Reading
Referred to Rules
Filed with Secretary by Sen. Louis S. Viverito
Bill Text Versions | Format |
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Introduced | HTML |
Engrossed | HTML |
Document | Format |
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Senate Amendment 002 | |
Senate Amendment 001 |
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