Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

225 ILCS 450/0.03

from Ch. 111, par. 5500.03

225 ILCS 450/16

from Ch. 111, par. 5517

Synopsis As Introduced
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.

Actions 

Date	Chamber	Action
2/18/2005	House	Filed with the Clerk by Rep. Frank J. Mautino
2/18/2005	House	Chief Co-Sponsor Rep. Lovana Jones
2/18/2005	House	Chief Co-Sponsor Rep. Art Tenhouse
2/18/2005	House	Chief Co-Sponsor Rep. Gary Hannig
2/22/2005	House	First Reading
2/22/2005	House	Referred to Rules Committee
2/24/2005	House	Assigned to Executive Committee
3/10/2005	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2007	House	Session Sine Die

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