GUAM BOARD OF ACCOUNTANCY AMENDMENTS TO ADMINISTRATIVE RULES AND REGULATIONS The following amendments were approved and adopted by the Guam Board of Accountancy Board of Directors on: July 14, 2011 Date of Adoption November 15, 2011 EFFECTIVE DATE John R. Onedera, CPA Chairman Francis D.L. Quinto Baba, CPA Secretary 1
THE GUAM BOARD OF ACCOUNTANCY ENACTS THE FOLLOWING AMENDMENTS TO THE GUAM BOARD OF ACCOUNTANCY ADMINISTRATIVE RULES AND REGULATIONS PURSUANT TO TITLE 5 G.C.A. DIVISION 1, CHAPTER 9, ARTICLE 3, CHAPTER 9, THE ADMINISTRATIVE ADJUDICATION LAW. Section One. The Guam Board of Accountancy will not submit an Economic Impact Statement because, pursuant to Title 5 G.C.A. §9301(i), the Board has determined that the annual economic impact to the general public of these amendments is Five Hundred Thousand Dollars ($500,000.00) or less. 1
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Section Two. A new Subsection (f) is added to Section 2102 of Chapter 2 of Title 25, Guam Administrative Rules to read: (f) For purposes of the definition of ʺAttestʺ, as defined in Title 22 4
GCA §35103(b), the Board adopts and incorporates by reference the 5
AICPA’s Statements on Auditing Standards (SAS) as they existed on April 6
26, 2006. 7
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Section Three. Section 2103(d) of Chapter 2 of Title 25, Guam Administrative Rules is hereby amended to read: (d)
Fees. Fees charged by the Board shall be as established from
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time to time. The fees shall take effect on November 15, 2011, as follows:
(1)
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Exam applications (Initial and Re-Exam).
(A)
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Application
Processing
Fee,
Fifty
Dollars
($50.00)/application.
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(B)
NASBA/Prometric/AICPA Fees, shall be
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determined by the actual amounts specified in
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the CBT Services Agreement between AICPA,
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NASBA, and Prometric, as amended from
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time to time.
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(C)
Jurisdictional Testing Fee shall be determined
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by the actual amounts specified in the
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agreement
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Accountancy and NASBA's CPA Examination
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Services entity.
between
Guam
Board
of
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(i) The Jurisdictional Testing Fee to be
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given to Guam Board of Accountancy will be
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rebated or waived for those applicants who
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demonstrate Guam residency.
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(D)
Application for Expiration Extensions (for
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Notice to Schedule, Conditional Credits, etc.),
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Fifty Dollars ($50.00)/application.
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(2)
Certification/licensure.
(A)
Initial.
(i)
Active, per 22 GCA, §35105(f), Two
Hundred Twenty-Five Dollars ($225.00).
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(ii)
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Inactive, per 22 GCA, §35105(g), Two
Hundred Twenty-Five Dollars ($225.00).
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(iii)
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Foreign, per 22 GCA, §35106(h), Two
Hundred Twenty-Five Dollars ($225.00).
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(iv)
Substantial Equivalency, per 22 GCA,
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§35122,
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Dollars ($225.00).
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(B)
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Two
Hundred
Renewal (annually).
(i)
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Active, per 22 GCA, §35105(f), One
Hundred Dollars ($100.00).
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(ii)
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Inactive, per 22 GCA, §35105(f), One
Hundred Dollars ($100.00).
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(iii)
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Foreign, per 22 GCA, §35106(h), One
Hundred Dollars ($100.00).
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(iv)
Substantial Equivalency, per 22 GCA,
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§35122,
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Dollars ($175.00).
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(v)
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(C)
Hundred
Seventy-Five
Retired, per 22 GCA, §35106(d), One
Reinstatement.
(i)
Active, per 22 GCA, §35105(f), Two
Hundred Seventy-Five Dollars ($275.00).
(ii)
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One
Hundred Dollars ($100.00).
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Twenty-Five
Inactive, per 22 GCA, §35105(g), Two
Hundred Seventy-Five Dollars ($275.00).
(iii)
Foreign, per 22 GCA, §35106(h), Two
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Hundred Seventy-Five Dollars ($275.00).
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(iv)
Substantial Equivalency, per 22 GCA,
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§35122, Two Hundred Seventy-Five
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Dollars ($275.00).
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(D)
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(every ninety (90) days).
Provisional
(i)
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Active, per 22 GCA. §35105(f), One
Hundred Dollars ($100.00).
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(ii)
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Inactive, per 22 GCA, §35105(g), One
Hundred Dollars ($100.00).
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(iii)
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Foreign, per 22 GCA, §35106(h), One
Hundred Dollars ($100.00).
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(iv)
Substantial Equivalency, per 22 GCA,
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§35122,
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Dollars ($175.00).
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(3)
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(A)
Seventy-Five
Initial Two Hundred Seventy-Five Dollars
($275.00).
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(B)
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Renewal Two Hundred Twenty-Five Dollars
($225.00) (annually).
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(C)
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Reinstatement Two Hundred Seventy-Five
Dollars ($275.00).
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(D)
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Hundred
Firm Permits to Practice:
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One
Provisional
Two
Hundred
Twenty-Five
Dollars ($225.00) (every ninety (90) days).
(4)
Delinquency fee for late filing of any required CPE
forms, or License/Permit renewal application forms
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Seventy-Five Dollars ($75.00) per form
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(5)
Copies of records, Seventy-Five Cents ($0.75)/page.
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(6)
Annual reports of the Board, Twenty-Five Dollars
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($25.00)/copy.
Section 4. A new subsection of §2103(d)(7) of Chapter 2 of Title 25,
Administrative Rules is added to read:
(7)
Requests for Interstate Exchange of Information for
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- Uniform CPA Examination Scores
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- CPA License Status
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- Disciplinary Action (if applicable), Twenty-Five
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Dollars ($25.00).
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