The bill amends existing laws regarding licensing fees for the practice of accountancy in South Dakota. It updates the language to clarify the board's authority to promulgate rules in accordance with chapter 1-26, specifically addressing the administration and enforcement of accountancy practices. Key changes include the specification of fees for firm permits and certificates, which may not exceed one hundred dollars, and the introduction of various rules governing professional conduct, registration, peer review, and examination fees. Notably, the fee for examination or reexamination is increased to a maximum of four hundred fifty dollars per section, and the fees for late filings and renewals are also adjusted to not exceed one hundred dollars.

Additionally, the bill allows the board to charge fees for applications related to the issuance or renewal of permits, with a maximum fee of one hundred dollars for each owner of a firm practicing public accountancy. The language has been revised to provide flexibility in fee structures, allowing for either flat or tier-based fees. Overall, the amendments aim to modernize the regulatory framework for accountancy in South Dakota, ensuring that the fees and rules reflect current practices and standards in the profession.

Statutes affected:
Introduced, 01/03/2025: 36-20B-12, 36-20B-17, 36-20B-37