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 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 introduction of new provisions regarding the practice of public accounting by individuals or firms from outside Iowa. It specifies that such entities must hold a valid license in their principal place of business and comply with Iowa's regulations. The effective date for these changes is set for July 1, 2026.

Statutes affected:
Introduced: 542.5, 542.19, 542.20