The bill amends various sections of Florida Statutes concerning public accountancy, particularly the regulation and licensure of certified public accountants (CPAs). It introduces a technical change to the purpose of Chapter 473, emphasizing the need for independent and objective CPAs. The bill deletes the definition of the "Uniform Accountancy Act" and permits the Board of Accountancy to competitively procure services from certain non-profit corporations. It also revises the education and work experience requirements for CPA licensure, including new coursework requirements and adjustments for international applicants. Key amendments establish new educational pathways, such as allowing applicants with a master's degree in accounting or finance to qualify, and require that work experience be verified by a licensed CPA.

Additionally, the bill facilitates the practice of public accounting by individuals licensed in other states or territories, allowing them to provide services in Florida without obtaining a Florida license, provided they have an active license in good standing and meet specific educational criteria. It also updates requirements for partnerships, corporations, and limited liability companies in public accounting, mandating that at least one partner, shareholder, or member be a licensed CPA in Florida or meet the new requirements. The bill addresses the renewal of licenses for nonresident licensees, allowing them to fulfill continuing education requirements based on their home state's regulations, with certain exceptions. The act is set to take effect on July 1, 2026.

Statutes affected:
S 364 Filed: 473.301, 473.302, 473.3035, 473.306, 473.312
S 364 c1: 473.301, 473.302, 473.3035, 473.306, 473.312