This bill amends various sections of Louisiana's Revised Statutes related to certified public accountants (CPAs), specifically R.S. 37:74, 75, 76, and 94. Key changes include the redefinition of the State Board of Certified Public Accountants' membership to ensure diversity in practice areas, the clarification of the board's powers to issue subpoenas and cooperate with regulatory authorities, and the introduction of "mobility practice privileges" which allow out-of-state CPAs to practice in Louisiana without needing to obtain a state license, provided they meet certain educational and experience requirements. The bill also updates educational pathways for CPA certification, allowing for more flexibility in meeting the necessary qualifications.

Additionally, the bill repeals R.S. 37:73(19) and 74.1(3), which may have contained outdated provisions. The amendments aim to modernize the CPA licensing process, enhance the board's regulatory capabilities, and facilitate the practice of CPAs across state lines, thereby promoting a more efficient and accessible accounting profession in Louisiana.

Statutes affected:
HB548 Original: 37:74(B)(1), 37:75(G), 37:76(A)(1), 37:94(A)(1), 37:73(19), 37:1(3)
HB548 Engrossed: 37:74(B)(1), 37:75(G), 37:76(A)(1), 37:94(A)(1), 37:73(19), 37:1(3)
HB548 Enrolled: 37:74(B)(1), 37:75(G), 37:76(A)(1), 37:94(A)(1), 37:73(19), 37:1(3)
HB548 Act 653: 37:74(B)(1), 37:75(G), 37:76(A)(1), 37:94(A)(1), 37:73(19), 37:1(3)