This bill amends the Oklahoma Accountancy Act to update the qualifications and requirements for individuals seeking to become certified public accountants (CPAs) in the state. Key changes include new educational requirements mandating that applicants possess at least a baccalaureate degree from an accredited institution, along with specific accounting coursework. The bill introduces a phased timeline for these educational requirements, set to be implemented from November 1, 2026, to May 31, 2030. Additionally, it clarifies the experience requirements, specifying that applicants must demonstrate one or two years of relevant experience based on their educational background. The process for issuing accounting certificates is also revised to align with the Uniform Accountancy Act, emphasizing the importance of good character and detailing grounds for denial of certification.

Furthermore, the bill modifies the licensure requirements for CPAs licensed in other jurisdictions by removing the presumption of substantial equivalence for those from unverified jurisdictions. Instead, it establishes that individuals who have passed the Uniform Certified Public Accountant Examination and meet specific educational and experience criteria will be granted practice privileges in Oklahoma without needing additional certification. The bill outlines three pathways for meeting these requirements and clarifies that individuals with existing practice privileges as of December 31, 2025, will retain them without needing a state certificate. New provisions for certification applicants include proof of completion of licensure requirements from their original jurisdiction, passage of the Uniform CPA Examination, a national criminal history record check, and a fee structure for applications, with all changes set to take effect on November 1, 2026.

Statutes affected:
Introduced: 59-15.8, 59-15.9, 59-15.12A, 59-15.13