2011 Kentucky Revised Statutes CHAPTER 325 PUBLIC ACCOUNTANTS 325.240 Officers of the board -- Administrative regulations -- Rules of professional conduct -- Quorum -- Seal -- Records -- Employees -- Expenditure of funds for primary or secondary educational programs -- Professional liability insurance.
KY Rev Stat § 325.240 (1996 through Reg Sess) What's This?
325.240 Officers of the board -- Administrative regulations -- Rules of professional
conduct -- Quorum -- Seal -- Records -- Employees -- Expenditure of funds for
primary or secondary educational programs -- Professional liability insurance.
(1)
(2)
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(8)
The board shall elect annually a president and such other officers as it deems
necessary.
The board may promulgate, and amend from time to time, administrative
regulations, in accordance with the provisions of KRS Chapter 13A, for the orderly
conduct of its affairs, for the administration of this chapter, and to establish and
maintain a high standard of integrity and dignity in the profession of public
accounting.
A majority of the board shall constitute a quorum for the transaction of business.
The board shall have a seal which shall be judicially noticed. The board shall keep
records of its proceedings, and in any proceeding in court, civil or criminal, arising
out of or founded upon any provision of this chapter, copies of said records certified
as correct under the seal of the board shall be admissible in evidence as tending to
prove the content of said records.
The board may employ an executive director and such other personnel as it deems
necessary in its administration and enforcement of this chapter. It may appoint such
committees or persons, to advise or assist it in the administration and enforcement,
as it may see fit. It may retain its own counsel to advise and assist it, in addition to
such advice and assistance as is provided by the Attorney General of this state.
The board may join or participate in professional organizations and associations that
promote improvement of the practice of accounting for the protection of the public
or to facilitate the activities of the board.
The board may expend funds from its account created by KRS 325.250 to assist
with accounting educational programs proposed or offered in the primary and
secondary schools in this state. The amount of the expenditure shall not interfere
with the performance of the board's other responsibilities.
The board may purchase professional liability insurance for its members, staff, and
investigators. The purchase of or failure to purchase insurance shall not be deemed
a waiver of any immunity already conferred on the board, its members, staff, and
investigators.
Effective: June 26, 2007
History: Amended 2007 Ky. Acts ch. 50, sec. 2, effective June 26, 2007. -- Amended
2000 Ky. Acts ch. 99, sec. 3, effective July 14, 2000. -- Amended 1984 Ky. Acts
ch. 117, sec. 3, effective July 13, 1984. -- Amended 1976 Ky. Acts ch. 116, sec. 2. -Amended 1968 Ky. Acts ch. 143, sec. 3. -- Created 1946 Ky. Acts ch. 210, sec. 2,
(2).
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