TSCPA Testifies at Sunset Advisory Commission Hearing

A number of years ago the legislature initiated a pilot project designating the Texas State Board of Public Accountancy (TSBPA) a self-directed, semi-independent (SDSI) agency. This allows TSBPA to operate outside the legislative appropriations process, setting its own budget based on license and examination fees and requiring TSBPA to pay $700,000 per year into the state’s general revenue fund (GR). The state continues to exercise oversight through reporting, state audits and controling the funds through the State Comptroller’s office.

The pilot program authorizing SDSI is currently being reviewed by the Sunset Advisory Commission (SAC) to determine if the program should be renewed.  SAC staff recommended continuation of the program (PDF) with certain modifications, inlcuding some additional reporting to the state and the transfer of all administrative fines to GR. Since December 2011 all administrative fines levied by TSBPA have been transferred to the Fifth-year Accounting Scholarship fund.

TSCPA’s Chair, Fred Timmons and CEO John Sharbaugh sent a letter to SAC supporting the staff recommendations and immediate past-chair, Donna Wesling, testified on behalf of TSCPA supporting the SAC staff recommendations at a hearing in Austin yesterday.

The commission will be making a final determination on the proposal and will hold a decision-making hearing on December 18-19, 2012.

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