ILCS » Chapter 225 · Act 450
Illinois Compiled Statutes

225 ILCS 450/0.01 (2026)

This Act shall be known and may be cited as the "Illinois Public Accounting Act"

✓ current as of May 2026
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(225 ILCS 450/0.01) (from Ch. 111, par. 5500.01)
    (Section scheduled to be repealed on January 1, 2029)
    Sec. 0.01. This Act shall be known and may be cited as the "Illinois Public Accounting Act".
(Source: P.A. 85-1209.)

    
Notes of Decisions
Cited in 21 cases (1 in the last 5 years), 1994–2024 · leading case: Khan v. BDO Seidman, LLP, 948 N.E.2d 132 (Ill. App. Ct. 2011).
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Khan v. BDO Seidman, LLP, 948 N.E.2d 132 (Ill. App. Ct. 2011). “2(a) (West 2008)): an “[a]ction[ ] based upon tort, contract or otherwise against any person, partnership or corporation registered pursuant to the Illinois Public Accounting Act, as amended [(225 ILCS 450/0.01 through 32 (West 2008))], or any of its employees, partners,…”
Polsky v. BDO Seidman, 688 N.E.2d 364 (Ill. App. Ct. 1997). · cites it 3× “2(a) provides: "Actions based upon tort, contract or otherwise against any person, partnership or corporation registered pursuant to the Illinois Public Accounting Act [(225 ILCS 450/0.01 et seq. (West 1996))], as amended, or any of its employees, partners, members, officers or…”
McRaith v. BDO Seidman, LLP, 909 N.E.2d 310 (Ill. App. Ct. 2009). “BDO asserted under section 2 — 615 of the Code (735 ILCS 5/2 — 615 (West 2006)) that the Liquidator’s claims asserted on behalf of the Insurance Companies’ creditors and insureds fail as a matter of law because the creditors and insurers lack standing to sue BDO under the…”
Dancor Int'l, Ltd. v. Friedman, Goldberg & Mintz, 681 N.E.2d 617 (Ill. App. Ct. 1997). “2 of the Code of Civil Procedure (the Code), which provides that actions against persons or entities registered under the Illinois Public Accounting Act (225 ILCS 450/0.01 et seq. (West 1994)) must be "commenced within 2 years from the time the person bringing [the] action knew…”
John W. Courtney v. Neal T. Halleran, 485 F.3d 942 (7th Cir. 2007). “(CFA) and the Illinois Public Accounting Act, 225 ILCS 450/0.01 et seq., through the actions they took while Superior was going under.”
Khan v. Seidman, LLP, 2012 IL App (4th) 120359 (Ill. App. Ct. 2012). “2(a) provides: “Actions based upon tort, contract or otherwise against any person, partnership or corporation registered pursuant to the Illinois Public Accounting Act, as amended [(225 ILCS 450/0.01 to 32 (West 2008))], or any of its employees, partners, members, officers or…”
Dam, Snell & Taveirne, Ltd. v. Verchota, 754 N.E.2d 464 (Ill. App. Ct. 2001). “” Miller argues that the term “public accountant” is defined under the provisions of the Illinois Public Accounting Act (the Accounting Act) (225 ILCS 450/0.01 et seq. (West 1998)) as a licensed public accountant who is permitted to express opinions as to financial statements…”
President Lincoln Hotel Venture v. Bank One, 649 N.E.2d 432 (Ill. App. Ct. 1994). “(now 225 ILCS 450/0.01 (West 1992))) in support of this assertion.”
Maniscalco v. Porte Brown, LLC, 2018 IL App (1st) 180716 (Ill. App. Ct. 2019). “” ¶8 Defendants also attached to their motion Porte’s affidavit confirming that Porte Brown was a firm of certified public accountants and registered pursuant to the Illinois Public Accounting Act (225 ILCS 450/0.01 et seq. (West 2016)). Porte stated that he was an employee and…”
Tricontinental Indus., Ltd. v. Anixter, 184 F. Supp. 2d 786 (N.D. Ill. 2002). “1(1), and “other acts, omissions, decisions or conduct, if [the accountants are] aware that a primary intent of the client was for the professional services to benefit or influence the particular person bringing the action,” § 30.”
Brunton v. Kruger, 2014 IL App (4th) 130421 (Ill. App. Ct. 2014). “See 225 ILCS 450/0.02(c) (West 2012). She notes that, under section 8.”
Maniscalco v. Porte Brown, LLC, 2018 IL App (1st) 180716 (Ill. App. Ct. 2018). “" ¶ 8 Defendants also attached to their motion Porte's affidavit confirming that Porte Brown was a firm of certified public accountants and registered pursuant to the Illinois Public Accounting Act ( 225 ILCS 450/0.01 et seq. (West 2016) ). Porte stated that he was an employee…”
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