Illinois Compiled Statutes 225 Professions, Occupations, and Business Operations: Article -

• Illinois Public Accounting Act. - 225 ILCS 450, Section 0.01
  This Act shall be known and may be cited as the "Illinois Public Accounting Act". (Source: P.A. 85-1209.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 0.02
  Declaration of public policy. It is the policy of this State and the purpose of this Act: (a) To promote the dependability of information which...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 0.03
  Definitions. As used in this Act, unless the context otherwise requires: "Accountancy activities" means the services as set forth in Section 8.05 of the Act....
• Illinois Public Accounting Act. - 225 ILCS 450, Section 1
  No person shall hold himself or herself out to the public in this State in any manner by using the title "Certified Public Accountant", "Licensed...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 2
  Board of Examiners. The Governor shall appoint a Board of Examiners that shall determine the qualifications of persons applying for certificates and shall make rules...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 2.05
  Public Accountant Registration and Licensure Committee. The Secretary shall appoint a Public Accountant Registration and Licensure Committee consisting of 7 persons, who shall be appointed...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 2.1
  Illinois Administrative Procedure Act. The Illinois Administrative Procedure Act is hereby expressly adopted and incorporated herein as if all of the provisions of that Act...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 3
  Qualifications of applicants. To be admitted to take the examination after the year 2000, for the purpose of determining the qualifications of applicants for certificates...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 4
  Transitional language. (a) The provisions of this Act shall not be construed to invalidate any certificates as certified public accountants issued by the University under...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 5
  (Repealed). (Source: P.A. 93-683, eff. 7-2-04. Repealed by P.A. 98-254, eff. 8-9-13.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 5.1
  Foreign accountants. The Board shall issue a certificate to a holder of a foreign designation, granted in a foreign country entitling the holder thereof to...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 5.2
  Substantial equivalency. (a) An individual whose principal place of business is not in this State shall have all the privileges of a person licensed under...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 6
  Fees; pay of examiners; expenses. The Board shall charge a fee in an amount at least sufficient to defray the costs and expenses incident to...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 6.1
  Examinations. (a) The examination shall test the applicant's knowledge of accounting, auditing, and other related subjects, if any, as the Board may deem advisable. A...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 7
  Licensure. A holder of a certificate or registration as a certified public accountant issued by the Board or Department shall not be entitled to practice...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 8
  Practicing as a licensed CPA. Persons, either individually, as members of a partnership or limited liability company, or as officers of a corporation, who sign,...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 8.05
  Accountancy activities. (a) Accountancy activities are services performed by a CPA, including: (1) signing, affixing, or associating the names used by a person or CPA...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 9
  Unlicensed practice; violation; civil penalty. (a) Offering, attempting, or holding oneself out to practice as a licensed CPA or a registered CPA in this State...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 9.01
  (Repealed). (Source: P.A. 95-386, eff. 1-1-08. Repealed by P.A. 98-254, eff. 8-9-13.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 9.02
  (Repealed). (Source: P.A. 95-386, eff. 1-1-08. Repealed by P.A. 98-254, eff. 8-9-13.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 9.1
  (Repealed). (Source: P.A. 93-683, eff. 7-2-04. Repealed by P.A. 95-386, eff. 1-1-08.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 9.2
  Powers and duties of the Department. (a) The Department shall exercise the powers and duties prescribed by "The Civil Administrative Code of Illinois" for the...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 9.3
  Sharing of information. Notwithstanding any other provision of this Act, for the purpose of carrying out their respective duties and responsibilities under this Act and...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 11
  Exemption from Act. Nothing in this Act shall prohibit any person who may be engaged by one or more persons, partnerships or corporations, from keeping...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 13
  Application for licensure. (a) A person or CPA firm that wishes to perform accountancy activities in this State, as defined in paragraph (1) of subsection...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 13.5
  Social Security Number on license application. In addition to any other information required to be contained in the application, every application for an original license...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 14
  Qualifications for licensure as a licensed CPA. The Department may license as licensed CPAs individuals meeting the following requirements: (a) All persons who have received...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 14.1
  Foreign accountants. The Department may issue a license as a licensed CPA to a holder of a foreign designation, granted in a foreign country, provided...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 14.2
  Licensure by endorsement. (a) The Department shall issue a license as a licensed CPA to any applicant who holds a current, valid, and unrevoked license...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 14.3
  (Repealed). (Source: P.A. 95-386, eff. 1-1-08. Repealed by P.A. 98-254, eff. 8-9-13.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 14.4
  Qualifications for licensure as a CPA firm. The Department may license as licensed CPA firms individuals or entities meeting the following requirements: (1) A majority...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 15
  (Repealed). (Source: Repealed by P.A. 88-36.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 16
  Expiration and renewal of licenses; renewal of registration; continuing education; peer review. (a) The expiration date and renewal period for each license or registration issued...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 17
  Fees; returned checks; fines. The fees for the administration and enforcement of this Act, including, but not limited to, original licensure, registration, renewal, and restoration...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 17.1
  Restoration. (a) Any registered CPA who has permitted his or her registration to expire or who has had his or her registration on inactive status...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 17.2
  Inactive status. (a) Any licensed or registered CPA with an active, unencumbered license or registration who notifies the Department in writing on forms prescribed by...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 17.3
  Restoration of license from discipline. At any time after the successful completion of a term of indefinite probation, suspension, or revocation of a license or...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 19
  (Repealed). (Source: P.A. 93-683, eff. 7-2-04. Repealed by P.A. 98-254, eff. 8-9-13.)
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.01
  Grounds for discipline; license or registration. (a) The Department may refuse to issue or renew, or may revoke, suspend, or reprimand any registration or registrant,...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.1
  Investigations; notice; hearing. (a) The Department may investigate the actions of an applicant, person, or entity holding or claiming to hold a license. (b) The...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.2
  Subpoenas; depositions; oaths. (a) The Department may subpoena and bring before it any person to take the oral or written testimony or compel the production...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.3
  Required testimony. Any circuit court in the State of Illinois, upon the application of the licensee, registrant, or of the Department, may, by order duly...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.4
  Record of proceedings. (a) The Department, at its expense, shall provide a stenographer to take down the testimony and preserve a record of all proceedings...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.5
  Rehearing; surrender of license. (a) In any hearing to refuse to issue, restore, or renew a license or to discipline a licensee or registrant, a...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.6
  Hearing officer. Notwithstanding the provisions of Section 20.2 of this Act, the Secretary shall have the authority to appoint any attorney duly licensed to practice...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.7
  Findings and recommendations. (a) The Committee shall review the report of the hearing officer and present its findings of fact, conclusions of law, and recommendations...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 20.8
  Summary suspension. The Secretary may summarily suspend the license or registration without a hearing, simultaneously with the institution of proceedings for a hearing under Section...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 21
  Administrative review; certification of record; order as prima facie proof. (a) All final administrative decisions of the Department hereunder shall be subject to judicial review...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 26
  Rules and regulations. The Department and Board shall adopt all necessary and reasonable rules and regulations for the effective administration and enforcement of the provisions...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 27
  Confidentiality of licensee's and registrant's records. A licensed or registered CPA shall not be required by any court to divulge information or evidence which has...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 28
  Criminal penalties. Each of the following acts perpetrated in the State of Illinois is a Class A misdemeanor: (a) the practice of accountancy activities as...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30
  Injunctions; cease and desist. (a) If any person or entity violates any provision of this Act, the Secretary may, in the name of the people...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.1
  Liability. No person, partnership, corporation, or other entity licensed or authorized to practice under this Act or any of its employees, partners, members, officers or...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.2
  Contributory fault. Except in causes of action based on actual fraud or intentional misrepresentation, the principles of liability set forth in Sections 2-1115.05, 2-1116, and...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.3
  Confidentiality of peer review records. (a) The proceedings, records, and work papers of a review committee shall be privileged and shall not be subject to...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.4
  Prohibited practice. (a) No licensed CPA or CPA firm may provide contemporaneously with an audit those non-auditing services referenced in subsection (g) of Section 10A...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.5
  Improper influence on the conduct of audits. (a) It shall be unlawful for any officer or director of a company that is not required to...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.6
  Misleading behavior by licensees. (a) It shall be unlawful for any licensee to intentionally mislead a company that is not required to file periodic information,...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.8
  Confidentiality. All information collected by the Department in the course of an examination or investigation of a licensee, registrant, or applicant, including, but not limited...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 30.9
  Tax return preparation task force. The Department shall convene a task force consisting of 8 members, one of whom shall be appointed by the Department...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 31
  Home rule. The regulation, licensing, and registration of accountants and CPA firms are exclusive powers and functions of the State. A home rule may not...
• Illinois Public Accounting Act. - 225 ILCS 450, Section 32
  Fund. All moneys received by the Department of Professional Regulation under this Act shall be deposited into the Registered Certified Public Accountants' Administration and Disciplinary...

Last modified: February 18, 2015