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Board of Accountancy asks to raise fee caps as operating costs climb

2253501 · February 10, 2025

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Summary

The South Dakota Board of Accountancy asked to increase statutory maximum fees for certifications and firm registrations to offset rising costs, and the committee issued a do‑pass recommendation.

Nicole Casson, executive director of the South Dakota Board of Accountancy, told the Senate Appropriations Committee that Senate Bill 32 would raise statutory maximums for fees the board collects to sustain operations. Casson said operating costs — technical services, postage, health insurance and per diem — have risen substantially and the board’s cash balance has declined over the last two fiscal years.

Casson provided actual ending cash balances for fiscal years: roughly $414,000 for FY22, $396,000 for FY23 and $352,000 for FY24. She said some fees have not changed for decades and that increasing statutory maximums will allow the board to promulgate rules to set fees to sustain licensing, peer review and firm registration activities. Craig Matson, representing the South Dakota CPA Society, testified in favor, calling the change supportive of professional standards and regional comparability.

The committee approved a due‑pass motion for SB32; the roll call recorded seven ayes and two nays.