A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE DEPARTMENT OF LABOR, LICENSING AND REGULATION - BOARD OF ACCOUNTANCY, RELATING TO BOARD OF ACCOUNTANCY, DESIGNATED AS

2025-2026 Regular Session

South Carolina approves Regulation Document 5420 to align the Board of Accountancy’s Chapter 1 rules with Act 34 (S.176) and related changes, upon governor approval.

Recommitted to Committee on Labor, Commerce and Industry

Basic purpose

This is a joint resolution approving regulations of the South Carolina Department of Labor, Licensing and Regulation (DLLR) – Board of Accountancy.

Specifically, it approves Regulation Document Number 5420, which relates to the Board of Accountancy.

The approval follows requirements in Article 1, Chapter 23, Title 1 of the South Carolina Code.

Effective date: upon approval by the Governor.

What the bill does

The bill approves regulatory amendments filed by the Board of Accountancy as part of making adjustments to align with changes in the state Code.

The proposed amendments are contained in Regulation Document 5420 and are intended to conform Chapter 1 of the Board’s Regulations to:

Changes enacted in Act 34 of the 2025 legislative session (S.176).
Other regulatory housekeeping changes identified by the Board upon review.

Key provisions and changes (as described in the summary)

The Board of Accountancy aims to modify its Chapter 1 regulations to conform with recent statutory changes and to incorporate necessary editorial and substantive updates identified during the Board’s review.

The exact regulatory text is not included in the summary, but the intent is to ensure consistency between the Board’s regulations and Act 34 (S.176) and to implement any additional changes deemed necessary by the Board.

Who is affected

Licensed or regulated professionals under the South Carolina Board of Accountancy, including:

Certified Public Accountants (CPAs) and other license holders subject to Board regulation.
Individuals seeking licensure or renewal under Board rules.

The changes will also affect applicants, licensees, and the regulatory framework governing accounting practice in South Carolina.

Procedural/timeline aspects

Notice of Drafting for Regulation 5420 was published in the State Register on June 27, 2025.

The General Assembly, via this joint resolution, approves the regulation.

The bill was introduced and placed on the calendar without reference as of 2026-04-30, indicating progression in the legislative process toward final approval.

Governor’s approval is required for the regulation to take effect (as noted in Section 2).

Practical impact and considerations

Practitioners regulated by the Board should review the Board’s Regulation Document 5420 once promulgated to understand any updated licensing requirements, renewals, or administrative procedures resulting from the alignment with Act 34 (S.176) and other changes.

Entities and individuals should anticipate potential changes to fees, application procedures, disciplinary guidelines, or licensing standards reflected in Chapter 1 of the Board’s regulations.

While the bill itself does not detail substantive policy changes, it signals alignment with recent statutory updates and ongoing regulatory modernization.

Summary

S 1167 is a formal approval by the South Carolina General Assembly of Board of Accountancy regulations (Regulation Document 5420) to align Chapter 1 of the Board’s regulations with Act 34 (S.176) and related changes, with the regulation taking effect upon the governor’s approval. The draft regulation was published June 27, 2025, and the bill is advancing through the legislative process.

Bill