This bill amends several sections of South Dakota's public accountancy laws to update the definitions, requirements, and procedures related to the licensure of public accountants. Key changes include the clarification of terms such as "license," "licensee," and "public accountant," as well as the introduction of new rules governing the board's administration, including the establishment of fees for various permits and certificates. The bill also specifies the educational and experience qualifications necessary for applicants seeking certification, including the requirement for a bachelor's or graduate degree with a concentration in accounting, and outlines the experience needed for certification based on the type of degree held.

Additionally, the bill modifies the process for applicants holding certificates from other states or foreign jurisdictions, allowing for the issuance of South Dakota certificates if certain conditions are met, such as passing equivalent examinations and fulfilling experience requirements. It also establishes practice privileges for individuals whose principal place of business is outside South Dakota, allowing them to provide services without needing a local license, provided they meet specific criteria. Overall, the amendments aim to streamline the licensure process and ensure that public accountants meet consistent standards of education and experience.

Statutes affected:
Introduced, 01/07/2026: 36-20B-1, 36-20B-12, 36-20B-15, 36-20B-21, 36-20B-22, 36-20B-25, 36-20B-26, 36-20B-30, 36-20B-66, 36-20B-67
Enrolled, 02/19/2026: 36-20B-1, 36-20B-12, 36-20B-15, 36-20B-21, 36-20B-22, 36-20B-25, 36-20B-26, 36-20B-30, 36-20B-66, 36-20B-67