The bill amends the Occupational Code of Michigan, specifically sections 725 and 727a, to update the requirements for individuals seeking certification as public accountants. Key changes include a reduction in the required college education from at least 150 semester hours to not less than 60 semester hours, and the allowance for applicants to hold an associate degree instead of a baccalaureate degree. Additionally, the bill specifies that applicants must have one year of verified qualifying experience, which can be obtained through various professional accounting-related activities. It also clarifies that nonprofessional and paraprofessional work will not count towards qualifying experience.

Furthermore, the bill outlines provisions for individuals whose principal place of business is outside Michigan, allowing them to practice public accountancy in the state without needing a certificate or license, provided they meet certain educational and experience criteria. This includes holding a valid CPA license from another jurisdiction that requires a minimum of 60 semester hours of education and passing the CPA exam. The bill ensures that these individuals can offer professional services without additional notice or fees, while still being subject to specific state requirements.

Statutes affected:
House Introduced Bill: 339.725, 339.727