This bill amends the New Hampshire Accountancy Act to modify the requirements for obtaining a certificate as a certified public accountant (CPA) and to facilitate the practice of CPAs from other states in New Hampshire. Key changes include the repeal and reenactment of educational requirements for certification, allowing candidates to qualify with a post-baccalaureate degree or a baccalaureate degree with additional credit hours. The bill also introduces a provision that permits applicants to sit for the CPA examination up to 120 days before obtaining their baccalaureate degree. Additionally, the definitions of "substantial equivalency" and "Uniform Accountancy Act" are updated to reflect current standards.

Furthermore, the bill establishes a new section that grants individuals with valid CPA licenses from other states the privilege to offer services in New Hampshire without prior notice or additional documentation, provided they meet the state's educational and experience requirements. It also modifies the language regarding the issuance of certificates to holders of comparable foreign designations, ensuring that the standards for foreign qualifications align with those in New Hampshire. The term "substantially equivalent" is replaced with "comparable" in several instances to clarify the criteria for foreign designations. The act will take effect upon its passage.

Statutes affected:
Introduced: 309-B:3, 309-B:5, 309-B:7
HB1259 text: 309-B:3, 309-B:5, 309-B:7