The Board of Accountancy is a seven-member citizen board that licenses and regulates public accountants. The Board is responsible for investigating complaints, renewing licenses and monitoring the continuing education of its licensees. A staff of seven administers the Board's programs. The Board's Other Funds come primarily from business registration fees, biennial licensing fees, and fees charged for the administration of licensing examinations. Fees are set by administrative rule to a maximum allowed by statute.
Current rules have fees at their statutory maximum.
In addition, a nominal amount of revenue is generated by selling its mailing list and from civil penalties assessed. The Board currently regulates 600 public accounting firms and 6,300 public accountants, most of them CPA's. The Board also licenses 300 CPA's to perform audits of state and local government agencies. The Board expects the number of CPA's licensed in Oregon to grow moderately. The addition of a full-time investigator has caused expenditures to exceed revenues and cash reserves at the end of the biennium are projected to be less than at the beginning of the biennium.