06RS HB363


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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.


     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)

Vote History

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