326.268. Meetings--examination of applicants, content, fees--compensation of board members.
Meetings--examination of applicants, content, fees--compensation ofboard members.
326.268. 1. The board may prescribe by rule the dates and places forholding regular meetings and regulate the call, notice and holding ofspecial meetings. Four members of the board shall constitute a quorum atany regular meeting or special meeting.
2. The board shall determine by rule the dates and times ofexamination of applicants. Examination of applicants shall be held atleast twice annually. The board may determine by rule the method forpublicizing the times and places of the examination. The board may requireany or all applicants to appear in person before the board to answerquestions regarding their qualifications and may, in the board'sdiscretion, require evidence in support of the statements of the applicant.
3. The required examination shall test the applicant's knowledge ofthe subjects of accounting and auditing, and such other related subjects asthe board may specify by rule, including but not limited to business lawand taxation. The board shall prescribe by rule the methods of applyingfor and conducting the examination, including methods for grading andpassing grades; provided, however, that the board shall, to the extentpossible, ensure the examination, grading of the examination and thepassing grades are uniform with those applicable in other states. Theboard may make use of all or any part of the Uniform Certified PublicAccountant Examination and Advisory Grading Service of the AmericanInstitute of Certified Public Accountants and may contract with thirdparties to perform administrative services with respect to the examinationas the board deems appropriate.
4. The board may determine by rule the examination fee.
5. Each member of the board shall receive as compensation an amountset by the board not to exceed seventy dollars for each day devoted to theaffairs of the board, and shall be reimbursed for necessary and actualexpenses incurred in the performance of the member's official duties. Allclaims for compensation and expenses shall be presented and allowed in openmeetings of the board. No compensation or expenses of members of theboard, its officers or employees shall be charged against the general fundsof the state, but shall be paid out of the state board of accountancy fund.
(L. 2001 H.B. 567)