The bill amends various sections of Florida Statutes concerning public accountancy, particularly the licensure and regulation of certified public accountants (CPAs). It emphasizes the need for independent and objective CPAs and introduces changes to the education and work experience requirements for CPA licensure, including new coursework for applicants and adjustments for international candidates. The definition of the "Uniform Accountancy Act" is deleted, and the Board of Accountancy is granted the authority to procure contracted services from certain non-profit corporations. Additionally, the bill revises the approval process for continuing education providers, favoring non-profit organizations, and establishes new standards for international applicants.

Furthermore, the bill allows individuals with an active license in good standing from another state or territory to practice public accounting in Florida without obtaining a Florida license, registering with the board, or paying a fee, provided they met specific educational and examination requirements at the time of their original licensure. It removes previous requirements regarding the equivalence of licensure standards and verification from the board for applicants from non-approved states. The bill also mandates that both the individual and their employing firm consent to the jurisdiction of the Florida board and comply with its rules. Nonresident licensees will meet continuing education requirements if they adhere to those of their home state, with certain exceptions. The act is set to take effect on July 1, 2025.

Statutes affected:
S 160 Filed: 473.301, 473.302, 473.3035, 473.306, 473.312
S 160 c1: 473.301, 473.302, 473.3035, 473.306, 473.312
S 160 e1: 473.301, 473.302, 473.3035, 473.306, 473.312