This bill amends the qualifications for obtaining a certificate as a certified public accountant (CPA) in Iowa. It establishes two pathways for applicants: one requiring 150 semester hours of college education, a degree, and one year of experience, and the other requiring 120 semester hours, a degree, and two years of experience. The degree must be at least a baccalaureate and include a concentration in accounting or a related field as determined by the board. Additionally, the bill specifies that the required experience must involve providing services related to accounting and can be gained in various sectors, including government and academia.

The bill also makes several amendments to existing law, including the deletion of certain subsections and the insertion of new provisions regarding practice privileges for out-of-state accountants. It clarifies that individuals or firms practicing public accounting in Iowa must hold a valid license in their principal state of business and comply with Iowa's regulations. Furthermore, the bill introduces a new requirement for compliance with all rules adopted by the board. The effective date for these changes is set for July 1, 2026.

Statutes affected:
Introduced: 542.5, 542.19, 542.20