Fabio
102 lines
6.9 KiB
Markdown
102 lines
6.9 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "PUBLIC ACCTNG-PEER REVIEW"
|
||
description: "Amends the Illinois Public Accounting Act. Defines \"peer review program\" as a review of compliance with professional standards of practice (now, generally accepted accounting principles and auditing standards and other generally accepted technical standards). Provides a definition of \"Peer Review Administrator\". Requires firms and sole practitioners providing accounting services under the Act to complete a peer review as a condition of renewing a license unless an exemption applies. Allows the Department of Financial and Professional Regulation to adopt rules. Provides penalties for failure to comply with remedial actions determined appropriate by the Peer Review Administrator. Requires the firm or sole practitioner to pay for the costs of the peer review. Provides that the peer review proceedings, records, reports, and other documents are privileged and provides exceptions to the privilege. Provides for the peer review year of combined or divided firms or sole practitioners. Makes other changes. Effective immediately."
|
||
jurisdiction: "us/states/il"
|
||
legislature: "Illinois General Assembly"
|
||
session: "94th"
|
||
identifier: "HB 4726"
|
||
citation: "Illinois HB 4726 (94th)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: []
|
||
version_count: 3
|
||
action_count: 42
|
||
vote_count: 2
|
||
first_action: "2006-01-12"
|
||
last_action: "2006-05-19"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/06475b8e-558c-48b5-94c2-9f4ac9d2384f"
|
||
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4726&GAID=8&DocTypeID=HB&LegId=23152&SessionID=50&GA=94"
|
||
source_hash: "cb7d66039fd56ec0fd64b325b5b6bffe75ceaf611aa3e326a6752cb565e82c70"
|
||
vintage: "2026-07-01"
|
||
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
|
||
retrieved_at: "2026-07-06"
|
||
confidence: "reported"
|
||
tags: ["legislation", "bill", "us-il"]
|
||
---
|
||
|
||
# Illinois HB 4726 (94th) — PUBLIC ACCTNG-PEER REVIEW
|
||
|
||
Amends the Illinois Public Accounting Act. Defines "peer review program" as a review of compliance with professional standards of practice (now, generally accepted accounting principles and auditing standards and other generally accepted technical standards). Provides a definition of "Peer Review Administrator". Requires firms and sole practitioners providing accounting services under the Act to complete a peer review as a condition of renewing a license unless an exemption applies. Allows the Department of Financial and Professional Regulation to adopt rules. Provides penalties for failure to comply with remedial actions determined appropriate by the Peer Review Administrator. Requires the firm or sole practitioner to pay for the costs of the peer review. Provides that the peer review proceedings, records, reports, and other documents are privileged and provides exceptions to the privilege. Provides for the peer review year of combined or divided firms or sole practitioners. Makes other changes. Effective immediately.
|
||
|
||
## Version chain
|
||
|
||
The bill's text revisions, in order — the diff chain from filing to enrollment.
|
||
|
||
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400HB4726&GA=94&SessionId=50&DocTypeId=HB&LegID=23152&DocNum=4726&GAID=8&Session=&print=true)
|
||
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400HB4726eng&GA=94&SessionId=50&DocTypeId=HB&LegID=23152&DocNum=4726&GAID=8&Session=&print=true)
|
||
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400HB4726enr&GA=94&SessionId=50&DocTypeId=HB&LegID=23152&DocNum=4726&GAID=8&Session=&print=true)
|
||
|
||
## Votes
|
||
|
||
- Third Reading — **54–3** (pass) · upper
|
||
- Third Reading — **115–0** (pass) · lower
|
||
|
||
## Sponsors
|
||
|
||
- Lovana Jones — primary (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2006-01-12** Filed with the Clerk by Rep. Lovana Jones `filing`
|
||
- **2006-01-12** First Reading `reading-1`
|
||
- **2006-01-12** Referred to Rules Committee `referral-committee`
|
||
- **2006-02-14** Assigned to Consumer Protection Committee `referral-committee`
|
||
- **2006-02-14** Motion to Suspend Rule 25 - Prevailed
|
||
- **2006-02-15** Added Chief Co-Sponsor Rep. Frank J. Mautino
|
||
- **2006-02-15** Added Chief Co-Sponsor Rep. Gary Hannig
|
||
- **2006-02-15** Added Chief Co-Sponsor Rep. Art Tenhouse
|
||
- **2006-02-16** Do Pass / Short Debate Consumer Protection Committee; 013-000-000 `committee-passage`
|
||
- **2006-02-16** Placed on Calendar 2nd Reading - Short Debate
|
||
- **2006-02-24** House Floor Amendment No. 1 Filed with Clerk by Rep. Lovana Jones `amendment-introduction`
|
||
- **2006-02-24** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
|
||
- **2006-02-28** House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000 `committee-passage-favorable`
|
||
- **2006-02-28** Second Reading - Short Debate `reading-2`
|
||
- **2006-02-28** Held on Calendar Order of Second Reading - Short Debate `reading-2`
|
||
- **2006-03-01** Added Co-Sponsor Rep. Constance A. Howard
|
||
- **2006-03-01** Added Co-Sponsor Rep. Annazette Collins
|
||
- **2006-03-01** Added Co-Sponsor Rep. Mary E. Flowers
|
||
- **2006-03-01** House Floor Amendment No. 1 Adopted by Voice Vote `amendment-passage`
|
||
- **2006-03-01** Placed on Calendar Order of 3rd Reading - Short Debate
|
||
- **2006-03-01** Added Chief Co-Sponsor Rep. Thomas Holbrook
|
||
- **2006-03-02** Third Reading - Short Debate - Passed 115-000-001 `reading-3, passage`
|
||
- **2006-03-02** Arrive in Senate `introduction`
|
||
- **2006-03-02** Placed on Calendar Order of First Reading March 7, 2006 `reading-1`
|
||
- **2006-03-02** Chief Senate Sponsor Sen. Louis S. Viverito
|
||
- **2006-03-02** Added Co-Sponsor Rep. Aaron Schock
|
||
- **2006-03-02** Added Co-Sponsor Rep. David R. Leitch
|
||
- **2006-03-07** Fiscal Note Filed from the Illinois Department of Financial and Professional Regulation.
|
||
- **2006-03-07** First Reading `reading-1`
|
||
- **2006-03-07** Referred to Rules `referral-committee`
|
||
- **2006-03-15** Assigned to Licensed Activities `referral-committee`
|
||
- **2006-03-24** Do Pass Licensed Activities; 005-000-000 `committee-passage`
|
||
- **2006-03-24** Placed on Calendar Order of 2nd Reading March 27, 2006
|
||
- **2006-03-28** Second Reading `reading-2`
|
||
- **2006-03-28** Placed on Calendar Order of 3rd Reading March 29, 2006
|
||
- **2006-03-29** Added as Alternate Chief Co-Sponsor Sen. Kwame Raoul
|
||
- **2006-03-29** Third Reading - Passed; 054-003-000 `reading-3, passage`
|
||
- **2006-03-29** Passed Both Houses
|
||
- **2006-04-27** Sent to the Governor `executive-receipt`
|
||
- **2006-05-19** Governor Approved `executive-signature`
|
||
- **2006-05-19** Effective Date May 19, 2006
|
||
- **2006-05-19** Public Act . . . . . . . . . 94-0779 `became-law`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/06475b8e-558c-48b5-94c2-9f4ac9d2384f`. Confidence: reported (aggregated from official Illinois legislature records).
|
||
|