Sec. 1. 32 MRSA §12201, sub-§3-A is enacted to read:

3-A.__Defined service.__For purposes of section 12275, subsections 12 and 13, "defined service" means providing the following services:

A.__Any audit or other engagement to be performed in accordance with the Statements on Auditing Standards, SAS;

B.__Any review of a financial statement or compilation of a financial statement to be performed in accordance with the Statement on Standards for Accounting and Review Services, SSARS; or

C.__Any examination of prospective financial information to be performed in accordance with the Statement on Standards for Attestation Engagements, SSAE.

The statements on standards specified in this definition are those developed for general application by recognized national accountancy organizations.

Sec. 2. 32 MRSA §12201, sub-§12 is enacted to read:

12.__Substantial equivalency.__"Substantial equivalency" is a determination by the board that the education, examination and experience requirements for certified public accountants contained in the statutes and administrative rules of another jurisdiction are comparable to or exceed the education, examination and experience requirements of the board or that an individual certified public accountant's education, examination and experience qualifications are comparable to or exceed the education, examination and experience requirements of the board.

Sec. 3. 32 MRSA §12213, as amended by PL 1993, c. 600, Pt. A, §264, is further amended to read:

§12213. Appointment

The Board of Accountancy, as established by Title 5, section 12004-A, subsection 1, within the Department of Professional and Financial Regulation consists of 5 6 members appointed by the Governor. Each member of the board must be a citizen of the United States and a resident of this State. Three Four members must be holders of certificates issued under section 12227 this chapter and of currently valid permits issued under section 12251 this chapter and must have had, as their principal occupation, active practice as certified public accountants certificate holders for at least the 5 preceding years. At least 3 of these 4 members must be holders of certificates issued under section