This legislative bill amends various sections of the Reissue Revised Statutes of Nebraska and the Revised Statutes Cumulative Supplement, 2024, focusing on the regulation of certified public accountants (CPAs). Key updates include the removal of outdated provisions, changes to examination requirements, and adjustments for CPAs credentialed outside of Nebraska. The bill introduces new disciplinary action provisions and reciprocal certificate issuance for out-of-state CPAs, while also repealing sections that are no longer applicable.

Significant insertions include revised eligibility criteria for the CPA examination, which now mandates a baccalaureate degree and specific academic credits, along with new educational and experience requirements for practicing permits. The bill clarifies that out-of-state CPAs can practice in Nebraska without a state certificate or permit if they meet certain conditions. Additionally, it grants the board authority to take various actions following a hearing, including issuing censure, suspending judgment, and imposing civil penalties. The bill also repeals several sections to streamline the regulatory framework and enhance enforcement capabilities.

Statutes affected:
Introduced: 1-136.04, 1-116, 1-117, 1-124, 1-125.01, 1-136.02, 1-137, 1-148
Final Reading: 1-136.04, 1-116, 1-117, 1-124, 1-125.01, 1-136.02, 1-137, 1-148
Slip Law: 1-136.04, 1-116, 1-117, 1-124, 1-125.01, 1-136.02, 1-137, 1-148