UA
board of accountancy
tel . 671.647.0813 • f ax.67 1.64 7.08 16
[email protected] • -w-w-w . guamboa . org
Su ite 101. 335 South Marine Corps Dri ve. Tamuning. GU 96913
August 15, 2011
Honorable Tina Rose Muna Barnes
Legislative Secretary, 31 51 Guam Legislature
Suite 101
155 Hesler St.
Hagatna, Guam 9691 O
Re: Guam Board of Accountancy Amended Rules
Dear Senator Barnes,
Pursuant to the requirements of Guam law under 5 G.C.A. § 9303(b), the Guam Board of Accountancy
(GBA) submits the enclosed amendments to GBA's rules, as follows:
1) The original approved copy of the proposed amendments approved by the GBA Board at its
regular Board meeting of July 14, 2011 ;
2) one duplicate copy of the approved amendments;
3) one copy of the entire record of the public hearing held at GBA's office on August 9, 2011 ,
including a copy of the Notice of Hearing published in the PON on July 29, 2011.
In keeping with the 90-day filing period, we anticipate these amendments taking effect as of November
15, 2011.
If you need any additional information, please call us at 671-647-0813 or email your request to:
[email protected] . Thank you .
Very truly yours,
)
.>
D .N. Sanford
Executive Director
xc:
Sen. J. T. Won Pat ../
Sen. V.C. Pangelinan
\Jl
;,
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 DA TE
John R. Onedera, CPA
Chairman
FrabciSD.L. Qu'ifitOBaba, 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
2
3
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 "Attest", 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
8
9
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
2
i
1
2
time to time. The fees shall take effect on November 15, 2011, as follows:
(1)
3
Exam applications (Initial and Re-Exam).
(A)
4
Application
Processing
Fee,
Fifty
Dollars
($5Q.OO)/ application.
5
(B)
NASBA/Prometric/ AICP A
Fees,
shall be
6
determined by the actual amounts specified in
7
the CBT Services Agreement between AICP A,
8
NASBA, and Prometric, as amended from
9
time to time.
10
(C)
Jurisdictional Testing Fee shall be determined
11
by the actual ainounts
12
agree1nent
13
Accountancy and NASBA's CPA Examination
14
Services entity.
15
(i)
between
specified in the
Guam
Board
of
The Jurisdictional Testing Fee to be
16
given to Guam Board of Accountancy will be
17
rebated or waived for those applicants who
18
demonstrate Guam residency.
19
(D)
Application for Expiration Extensions (for
20
Notice to Schedule, Conditional Credits, etc.),
21
Fifty Dollars ($5Q.OO)/ application.
22
23
24
25
(2)
Certification/ licensure.
(A)
Initial.
(i)
Active, per 22 GCA, §35105(f), Two
Hundred Twenty-Five Dollars ($225.00).
3
1
(ii)
2
Inactive, per 22 GCA, §35105(g), Two
Hundred Twentv-Five Dollars ($225.00).
3
(iii)
4
Foreign, per 22 GCA, §35106(h), Two
Hundred Twenty-Five Dollars ($225.00).
5
(iv)
Substantial Equivalency, per 22 GCA,
6
§35122,
7
Dollars ($225.00).
8
(B)
9
Two
Hundred
Renewal (annually).
(i)
10
Active, per 22 GCA, §35105(£), One
Hundred Dollars ($100.00).
11
(ii)
12
Inactive, per 22 GCA, §35105(£), One
Hundred Dollars ($100.00).
13
(iii)
14
Foreign, per 22 GCA, §35106(h), One
Hundred Dollars ($100.00).
15
(iv)
Substantial Equivalency, per 22 GCA,
16
§35122,
17
Dollars ($1Z5.00).
18
(v)
19
20
21
(C)
Hundred
Seventy-Five
Retired, per 22 GCA, §35106(d), One
Reinstatement.
(i)
Active, per 22 GCA, §35105(£), Two
Hundred Seventy-Five Dollars ($2Z5.00).
(ii)
24
25
One
Hundred Dollars ($100.00).
22
23
Twenty-Five
Inactive, per 22 GCA, §35105(g), Two
Hundred Seventy-Five Dollars ($2Z5.00).
(iii)
Foreign, per 22 GCA, §35106(h), Two
4
.
'
1
Hundred Seventy-Five Dollars ($2Z5.00).
2
(iv)
Substantial Equivalency, per 22 GCA,
3
§35122,
4
Dollars ($2Z5.00).
5
(D)
6
Two
Provisional
(i)
7
Hundred Seventv-Five
(every ninety (90) days).
Active, per 22 GCA. §35105(f), One
f{undred Dollars ($100.00).
8
(ii)
9
Inactive, per 22 GCA, §35105(g), One
Hundred Dollars ($100.00).
10
(iii)
11
Foreign, per 22 GCA, §35106(h), One
Hundred Dollars ($100.00).
12
(iv)
Substantial Equivalency, per 22 GCA,
13
§35122,
14
Dollars ($1Z5.00).
15
(3)
16
(A)
Seventy-Five
Initial Two Hundred Seventy-Five Dollars
($2Z5.00).
18
(B)
19
Renewal Two Hundred Twenty-Five Dollars
($225.00) (annually).
20
(C)
21
Reinstatement Two Hundred Seventy-Five
Dollars ($2Z5.00).
22
(D)
23
25
Hundred
Firm Permits to Practice:
17
24
One
Provisional
Two
Hundred
Twenty-Five
Dollars ($225.00) (every ninety (90) days).
(4)
Delinquency fee for late filing of any required CPE
forms, or License/Permit renewal application forms
5
,'
1
Seventv-Five Dollars ($Z5.00) per form
2
(5)
Copies of records, Seventy-Five Cents ($0.ZS)/ page.
3
(6)
Annual reports of the Board, Twenty-Five Dollars
4
5
6
7
($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
8
- Uniform CPA Examination Scores
9
- CPA License Status
10
- Disciplinary Action (if applicable), Twenty-Five
11
Dollars ($25.00).
12
6
Guam Board of Accountancy
335 S. Marine Corps Dr., Ste 101
Tamuning, GU 96913
Transcript of Public Hearing for Fee Increase
Amended Rules and Regulations
August 9, 2011
On Tuesday, August 9, 2011, at 5:00 p.m., the Guam Board of Accountancy held a Public
Hearing in the Conference Room of the Guam Board of Accountancy office located at 335 S.
Marine Corps Dr., Suite 101, Tamuning. In attendance were Dave N. Sanford, Executive
Director, Michele Santos, Assistant Executive Director and Arleen Gay, GBA Recording
Secretary and the staff of the Guam Board of Accountancy.
For the record, no one appeared to protest the fee increase, give testimony or to submit
comments on the proposed Amended Rules and Regulations. Notice of the public hearing was
posted in the Guam Pacific Daily News on July 29, 2011, and the required five copies of the
amendments were made available for examination. No one came to examine the proposed
amendments. Also as of July 29, 2011, the notice of public hearing and proposed amendments
were posted on the Guam Board of Accountancy website.
The Public Hearing ended at 5:30 p.m.
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ARRA FUNDED RECOVERY PROJECT
INVITATION FOR BID
UNIVER ITY OF GUAM
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UOG BID PISl-11 • RECOVERY CIP; REPlACE I REPAllV EXPAN D FIRE·SUPPRESSION I ALARM SYSTEM '
AT THE MARC /COMPUTER CENTER ON LJOG MANGJLAO CAM PUS_
The Oniveiiilty
JS 501ib;itn.g ~oioci
bids for th~ Re0ct;ery p;oj~ct
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cibovO ,,,;d ~. ~··. Qt tho .1 ll\latlon. end
lnfonnatiOh. lor tha bid" inay .be ()btalned from UOG'• Consolldatad · P"Ocll.t~ment Office at :UOG's-·-Admlnls traUon Bulldlng In Mangll•o, Guam 96923; Teleph_
o rio No. {671) J:fS-2925; Fu No. (671) 734-311 8. ·.
AC0py of th o Bid Pa~ is .liv!iJlablafrom .9:00 DIT' - 4;00 !im. MOnday lhru Friday.
You .cen n.quut a POF flle of this. Bid Pacuge at [email protected]·.edu or clrlut.@uguam;uog;edu:
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NON-R.EFUNDABL£ ~ee OF s100:00 1s REQUIRED.
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Deadline for SUBMISS;bii' of 810 No; P63-1f.is,on Wednosday, A~go I fr; 2011, bor0f9 10;0o am to.•the UOG
CoJ1S0ildlrted Procu,..rnanl Office In the UO(>·AdmlnlstntlonJ lulldlng. A mond•tory.P,...Bid Conference ·1s
$chltduled fOf Wednes day, A!Jgust· 3, .20.11 ~I 10:00 am i n the UOG SBPkbO:rf Guerrero Building
Clauroom No. 261. Pra:Bld Conferen<:e ettendees MUST be on tlma: and •JI .ott.mleos ·are req uired. to .
rlig lW.r th1lr pruon~s by slgnlf19 In·at.lh_a..Urt of the ni"'!ling . Anyone nof recordod:on the aitendanc;f •
she1l wlll notbtt consldentd u present attft.ls MANDATORY; nie1tln9. .
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1.'1 Dr. RObart A. Urldomvood/ Pre_s ldeni
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universtty-ofGuafu uslngAAAA Funds.
Project Funded By USOOE ARRA SFSF GSF Granl
Awartl No 5397A090055 (CFOA 84 397A)
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