HB 363 (BR 1412) - J. Gooch Jr
AN ACT relating to accountants.
Create a new section of KRS Chapter 325 to require accountants engaged in auditing to secure errors and omissions insurance providing coverage of not less that $300,000; permit the state board of accountancy to obtain a group insurance policy.
HB 363 - AMENDMENTS
HCS - Amend KRS 43.073 relating to school district audits; KRS 64.810 relating to audits of fiscal courts, county clerks, sheriffs, or emergency audits of those offices; and amend KRS 91A.040 relating to cities required to have an annual or biannual audit; require auditors of these entities or the firm with which the auditor is employed to maintain professional liability insurance in the amount of at least $250,000.
Jan 13-introduced in House
Jan 17-to Licensing and Occupations (H)
Jan 18-posted in committee
Feb 8-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 9-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 10, 2006
Feb 14-3rd reading, passed 96-0 with Committee Substitute
Feb 15-received in Senate
Feb 17-to Banking and Insurance (S)