PART 22. TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
CHAPTER 511. ELIGIBILITY
SUBCHAPTER B. CERTIFICATION BY EXAMINATION
The Texas State Board of Public Accountancy adopts an amendment to §511.22 concerning Initial Filing of the Application of Intent, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4053) and will not be republished.
The Public Accountancy Act has changed effective September 1, 2023. The Act, as amended, permits CPA candidates to take the CPA exam with 120 semester hours of college course work. The Act had required 150 semester hours. There are candidates with applications pending with the Board that have chosen to withdraw their applications so that they are now eligible to take the exam after September 1, 2023 with 120 hours. For those candidates that choose to do so, the $20.00 application fee will be waived since they have already included the fee in their current application.
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 September 14, 2023.
TRD-202303415
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.52 concerning Recognized Institutions of Higher Education, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4054) and will not be republished.
Some semester hour course work may not be accepted by the Board to support an application to take the CPA exam. The Board is the authority in making that decision with advice from the University of Texas at Austin. The rule identifies four organizations and assessment methods that the Board will not accept as support to constitute the education necessary for a candidate to sit for the CPA exam.
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 September 14, 2023.
TRD-202303416
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.53 concerning Evaluation of International Education Documents, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4056) and will not be republished.
The adopted rule addresses a revision to the Public Accountancy Act that lowers the number of college level courses needed to be eligible to take the CPA exam. The Board is adopting the rule in order for candidates to know the requirements to sit for the exam.
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 September 14, 2023.
TRD-202303417
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.54 concerning Recognized Texas Community Colleges, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4057) and will not be republished.
The Public Accountancy is being revised to permit CPA candidates to take the CPA exam with 120 semesters hours of college course work. This rule is being revised to effect the statutory change so that the number of upper level accounting courses required to take the exam will be reduced from 30 semester hours to 21 semester hours effective September 1, 2023.
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 September 14, 2023.
TRD-202303418
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.56 concerning Educational Qualifications under the Act, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4058) and will not be republished.
One major effect of this rule revision is to allow candidates to the take the CPA exam with 21 upper level accounting semester hours. The three semester hour ethics course is being eliminated from eligibility to take the exam. This allows candidates to take the exam earlier than the current law allows. The three semester hour ethics course will be required prior to certification.
One commenter asked for clarification regarding the required ethics class. Commenter understood that the ethics class would not be used for satisfying the 120 hours needed to sit for the exam. Commenter posed the question as to whether the ethics class could be used toward the 24 hours of business classes needed for licensing.
Response: It was the committee's intent that the ethics class not be applied toward the number of hours needed for business classes.
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 September 14, 2023.
TRD-202303419
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.58 concerning Definitions of Related Business Subjects to take the UCPAE, with changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4062). The rule will be republished.
As a result of the proposed revisions to the Public Accountancy Act, an ethics course is no longer being required prior to taking the exam at 120 hours and is being relocated to Board Rule 511.161. The adopted revision also identifies certain organizations and assessment methods that will not be accepted by the Board to qualify a candidate to sit for the exam.
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.
§511.58.Definitions of Related Business Subjects to take the UCPAE.
(a) Related business courses are those business courses that a board recognized institution of higher education accepts for a business baccalaureate or higher degree by that educational institution.
(b) An individual who holds a baccalaureate or higher degree from a recognized educational institution as defined by §511.52 of this chapter (relating to Recognized Institutions of Higher Education) may take related business courses from four-year degree granting institutions, or recognized community colleges, provided that all such institutions are recognized by the board as defined by §511.52 or §511.54 of this chapter (relating to Recognized Texas Community Colleges). Related business courses taken at a recognized community college are only the courses that the board has reviewed and approved to meet this section.
(c) The board will accept no fewer than 24 semester credit hours of upper level courses (for the purposes of this subsection, economics and statistics at any college level will count as upper division courses) as related business subjects (without repeat), taken at a recognized educational institution shown on official transcripts or accepted by a recognized educational institution for purposes of obtaining a baccalaureate degree or its equivalent, in the following areas.
(1) No more than 6 credit semester hours taken in any of the following subject areas may be used to meet the minimum hour requirement:
(A) business law, including study of the Uniform Commercial Code;
(B) economics;
(C) management;
(D) marketing;
(E) business communications;
(F) statistics and quantitative methods;
(G) information systems or technology; and
(H) other areas related to accounting.
(2) No more than 9 credit semester hours taken in any of the following subject areas may be used to meet the minimum hour requirement:
(A) finance and financial planning; and
(B) data analytics, data interrogation techniques, cyber security and/or digital acumen in the accounting context, whether taken in the business school or in another college or university program, such as the engineering, computer science, information systems, or math programs (while data analytic tools may be used in the course, application of the tools should be the primary objective of the course).
(d) The board requires that a minimum of 2 upper level semester credit hours in accounting communications or business communications with an intensive writing curriculum be completed. The semester hours may be obtained through a standalone course or offered through an integrated approach. If the course content is offered through integration, the university must advise the board of the course(s) that contain the accounting communications or business communications content. The course may be used toward the 24 semester credit hours of upper level business courses listed in subsection (c)(1) of this section.
(e) Credit for hours taken at recognized institutions of higher education using the quarter system shall be counted as 2/3 of a semester hour for each hour of credit received under the quarter system.
(f) Related business courses completed through and offered by an extension school, correspondence school, or continuing education program of a board recognized educational institution may be accepted by the board, provided that the courses are accepted for a business baccalaureate or higher degree conferred by that educational institution.
(g) The board may review the content of business courses and determine if they meet the requirements of this section.
(h) Credits awarded for coursework taken through the following organizations and shown on a transcript from an institution of higher education may not be used to meet the requirements of this chapter:
(1) American College Education (ACE);
(2) Prior Learning Assessment (PLA);
(3) Defense Activity for Non-Traditional Education Support (DANTES); and
(4) Defense Subject Standardized Test (DSST).
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 September 14, 2023.
TRD-202303420
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.59 concerning Definition of 150 Semester Hours, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4064) and will not be republished.
The rules implement the revisions to the Public Accountancy Act to permit the CPA candidate to sit for the exam with 120 semester hours of college course work. The number of upper level accounting courses is reduced to 21, the 3 hours of ethics is relocated to Board Rule 511.161, the credit hours of undergraduate or graduate independent study and/or internship courses is relocated to Board Rule 511.164, and the proposed revision also identifies certain organizations and assessment methods that will not be accepted by the Board to qualify a candidate to sit for the exam.
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 September 14, 2023.
TRD-202303421
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.60 concerning Qualified Accounting Courses Prior to January 1, 2024, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4065) and will not be republished.
The adopted rules implement the proposed revisions to the Public Accountancy Act to permit the CPA candidate to sit for the exam with 120 semester hours of college course work. The number of upper level accounting courses is reduced to 21, the 3 hours of ethics is relocated to Board Rule 511.161 and the proposed revision also identifies certain organizations and assessment methods that will not be accepted by the Board to qualify a candidate to sit for the exam.
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 September 14, 2023.
TRD-202303422
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.73 concerning Notice to Applicant to Schedule Taking a CPA Exam Section, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4067) and will not be republished.
The AICPA, the entity administering the UCPAE (Uniform Certified Public Accountancy Act Exam), has substantially revised the exam and anticipates delays in fully implementing it. In anticipation of expected delays this agency is proposing to extend the eligibility time to take the UCPAE and pay the filing fees from 90 days to 180 days.
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 September 14, 2023.
TRD-202303423
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.80 concerning Granting of Credit, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4068) and will not be republished.
The AICPA, the entity administering the UCPAE (Uniform Certified Public Accounts Exam), has substantially revised the exam and anticipates delays in fully implementing it. In anticipation of expected delays this agency is proposing to extend the validity of a credit earned for passing a part of the exam from 18 months to 30 months.
In addition, the Public Accountancy Act has been amended to permit CPA candidates to take the UCPAE with 120 semester hours of coursework. In order to avoid candidates unnecessarily delaying completion of their application for certification, the rule amendment proposes to set a time limit of 36 months from the time all sections of the exam have been passed. Also, one point of grammar and one word were replaced for clarity.
Commenter suggested that the rule be effective retroactively to April 21, 2023. This is the date the NASBA Board of Directors voted to adopt the proposed model rule extension. Commenter suggested the retroactive date to prevent students from losing credit before the effective date of the rule.
Response: The current rule, and the proposed rule, provides the Executive Director with the authority to extend the expiration of a test score to provide uniformity with other state regulatory authorities or for reasonably unforeseeable or uncontrollable events. His concern can be addressed with a request to the Executive Director for a waiver.
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 September 14, 2023.
TRD-202303424
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.83 concerning Granting of Credit by Transfer of Credit, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4070) and will not be republished.
An applicant receiving credit for having passed one of the parts of the exam will have 30 months to pass the remaining sections of the exam. This time frame is proposed to be extended from 18 months to 30 months in anticipation of likely delays in the recently revised exam.
Commenter suggested that the rule be effective retroactively to April 21, 2023. This is the date the NASBA Board of Directors voted to adopt the proposed model rule extension. The retroactive date is suggested to prevent students from losing credit before the effective date of the rule.
Response: The current rule, and the proposed rule, provides the Executive Director with the authority to extend the expiration of a test score to provide uniformity with other state regulatory authorities or for reasonably unforeseeable or uncontrollable events. His concern can be addressed with a request to the Executive Director for a waiver.
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 September 14, 2023.
TRD-202303425
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.122 concerning Acceptable Work Experience, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4071) and will not be republished.
The credit received for the internship programs will apply to satisfy the requirement for work experience.
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 September 14, 2023.
TRD-202303426
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §511.161 concerning Qualifications for Issuance of a Certificate, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4073) and will not be republished.
The Board has removed the 3 semester hours of an ethics course in order to take the UCPAE with 120 hours. The proposed rule revision makes it clear that the 3 hours of ethics course work is required in order to become licensed and certified.
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 September 14, 2023.
TRD-202303427
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts new rule §511.164 concerning Definition of 150 Semester Hours to Qualify for Issuance of a Certificate, with changes to the proposed text to correct punctuation, as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4074). The rule will be republished.
This adopted new rule establishes the criteria for obtaining a license and certificate to become a CPA in Texas. It establishes the number of upper level accounting courses required at 27 plus a three-hour ethics course, maintains the advanced business course hours at 24 semester hours, maintains the minimum number of semester hours at 150, maintains the 3 semester hours of accounting or business ethics course work and identifies course work that does not qualify a candidate to become licensed and certified.
No comments were received regarding adoption of the new rule.
The new rule 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.
§511.164.Definition of 150 Semester Hours to Qualify for Issuance of a Certificate.
(a) To qualify for the issuance of a CPA certificate, an applicant must hold at a minimum a baccalaureate degree, conferred by a board-recognized institution of higher education as defined by §511.52 of this chapter (relating to Recognized Institutions of Higher Education), and have completed the board-recognized coursework identified in this section:
(1) no fewer than 27 semester hours or quarter-hour equivalents of upper level accounting courses as defined by §511.57 of this chapter (relating to Qualified Accounting Courses to take the UCPAE) or §511.60 of this chapter (relating to Qualified Accounting Courses Prior to January 1, 2024 to take the UCPAE);
(2) no fewer than 24 semester hours or quarter-hour equivalents of upper level related business courses, as defined by §511.58 of this chapter (relating to Definitions of Related Business Subjects to take the UCPAE);
(3) a three semester hour board-approved standalone course in accounting or business ethics. The course must be taken at a recognized educational institution and should provide students with a framework of ethical reasoning, professional values, and attitudes for exercising professional skepticism and other behavior in the best interest of the public and profession. The ethics course shall:
(A) include the ethics rules of the AICPA, the SEC, and the board;
(B) provide a foundation for ethical reasoning, including the core values of integrity, objectivity, and independence; and
(C) be taught by an instructor who has not been disciplined by the board for a violation of the board's rules of professional conduct, unless that violation has been waived by the board; and
(4) academic coursework at an institution of higher education as defined by §511.52 of this chapter, when combined with paragraphs (1) - (3) of this subsection meets or exceeds 150 semester hours, of which 120 semester hours meets the education requirements defined by §511.59 of this chapter (relating to Definition of 120 Semester Hours to take the UCPAE). An applicant who has met paragraphs (1) - (3) of this subsection may use a maximum of 9 total semester credit hours of undergraduate or graduate independent study and/or internships as defined in §511.51(b)(4) or §511.51(b)(5) of this chapter (relating to Educational Definitions) to meet this paragraph. The courses shall consist of:
(A) a maximum of three semester credit hours of independent study courses; and
(B) a maximum of six semester credit hours of accounting/business course internships.
(b) The following courses, courses of study, certificates, and programs may not be used to meet the 150 semester hour requirement:
(1) any CPA review course offered by an institution of higher education or a proprietary organization;
(2) remedial or developmental courses offered at an educational institution; and
(3) credits awarded for coursework taken through the following organizations and shown on a transcript from an institution of higher education may not be used to meet the requirement of this chapter:
(A) American College Education (ACE);
(B) Prior Learning Assessment (PLA);
(C) Defense Activity for Non-Traditional Education Support (DANTES); and
(D) Defense Subject Standardized Test (DSST).
(c) The hours from a course that has been repeated will be counted only once toward the required semester hours.
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 September 14, 2023.
TRD-202303428
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §520.1 concerning Authority and Purpose, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4075) and will not be republished.
H.B. 2217, 88th Legislative Session eliminated the restriction that the scholarship fund would only be available to fifth year accounting students. The rule is proposed to be amended to delete any reference to "fifth year" students.
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 September 14, 2023.
TRD-202303429
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §520.3 concerning Institutions, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4076) and will not be republished.
Recently adopted legislation revises the Fifth Year Accounting Student Scholarship Fund, as provided in the Public Accountancy Act, to open up the scholarship fund to accounting students with 15 hours of upper level accounting courses. Currently an accounting student must be in their fifth year of accounting.
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 September 14, 2023.
TRD-202303430
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §520.4 concerning Eligible Students, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4078) and will not be republished.
Recently adopted legislation increases the availability of the scholarship fund to more accounting students. To be eligible, the student may be an undergraduate student. The rule makes it clear that a student is not eligible if they already have sufficient hours to be certified.
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 September 14, 2023.
TRD-202303431
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §520.5 concerning Award Amounts and Uses, without changes to the proposed text as published in the July 28, 2023 issue of the Texas Register (48 TexReg 4079) and will not be republished.
The proposed rule establishes the period of a scholarship to be no more than three years.
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 September 14, 2023.
TRD-202303433
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842
The Texas State Board of Public Accountancy adopts an amendment to §521.14 concerning Eligibility Fee, without changes to the proposed text as published in the July 28, 2023, issue of the Texas Register (48 TexReg 4080) and will not be republished.
The AICPA has substantially revised the UCPAE. This rule identifies the effective date of the revisions as January 1, 2024, and identifies the six disciplines that will be on the exam.
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 September 14, 2023.
TRD-202303434
J. Randel (Jerry) Hill
General Counsel
Texas State Board of Public Accountancy
Effective date: October 4, 2023
Proposal publication date: July 28, 2023
For further information, please call: (512) 305-7842