This bill amends the qualifications for obtaining a certificate as a certified public accountant (CPA) in Iowa. It establishes two pathways for applicants: one requires completion of at least 150 semester hours of college education, a degree, and one year of experience, while the other requires 120 semester hours, a degree, and two years of experience. The degree must be a baccalaureate conferred by a recognized institution and include a concentration in accounting or a related field. Additionally, the bill specifies that the required experience must involve providing services related to accounting, which 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 the practice of public accounting by individuals or firms from outside Iowa. It allows these entities to practice in Iowa without licensure under specific conditions, including holding a valid license in their principal state of business. Furthermore, the bill introduces new compliance requirements and establishes an effective date of July 1, 2026, for the changes to take effect.

Statutes affected:
Introduced: 542.5, 542.19, 542.20