The bill proposes amendments to the Code of West Virginia concerning certified public accountants (CPAs), focusing on modernizing the regulatory framework. Key changes include clarifying definitions, updating the education, examination, and experience requirements for certification, and modifying the rule-making authority of the Board of Accountancy. Notably, the bill removes the requirement for applicants to demonstrate "good moral character," replacing it with a focus on criminal history record checks. It also introduces new definitions, such as "substantial equivalency," which considers the qualifications of CPAs without regard to the sequence of their experience, education, or examination requirements.

Additionally, the bill outlines new pathways for obtaining a CPA certificate, including various educational qualifications and experience verification through licensed professionals. It addresses the certification process for out-of-state applicants, allowing them to practice in West Virginia under certain conditions without needing a local certificate. The bill also includes provisions that refine the language regarding certification and professional conduct, emphasizing compliance with specific subsections of existing law. Overall, these changes aim to align West Virginia's CPA regulations with current standards and practices in the accounting profession.

Statutes affected:
Introduced Version: 30-9-2, 30-9-5, 30-9-7, 30-9-8, 30-9-9, 30-9-10, 30-9-11, 30-9-16, 30-9-26