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Bill > SB171
OK SB171
OK SB171Accounting; qualifications for application; decreasing required semester hours for certification. Effective date.
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/05/2023
04/05/2023
Crossed Over
03/14/2023
03/14/2023
Passed
04/18/2023
04/18/2023
Dead
Signed/Enacted/Adopted
04/19/2023
04/19/2023
Introduced Session
2023 Regular Session
Bill Summary
An Act ENROLLED SENATE BILL NO. 171 By: Dugger of the Senate and Kendrix of the House An Act relating to accounting; amending 59 O.S. 2021, Section 15.8, as amended by Section 3, Chapter 26, O.S.L. 2022 (59 O.S. Supp. 2022, Section 15.8), which relates to qualifications for application; decreasing required semester hours for certification; removing requirement for elective hours; amending 59 O.S. 2021, Section 15.9, as amended by Section 4, Chapter 26, O.S.L. 2022 (59 O.S. Supp. 2022, Section 15.9), which relates to grant of certificate or license; allowing the issuance of a certificate to an applicant under certain educational requirements; specifying educational requirements; updating statutory language; and providing an effective date. SUBJECT: Accountancy qualifications
AI Summary
This bill amends the Oklahoma Accountancy Act to decrease the required semester hours for certification as a certified public accountant (CPA) from 150 to 120 hours, while maintaining the requirement for a baccalaureate or higher degree. It also removes the requirement for specific elective hours and updates language related to the issuance of CPA certificates. The bill specifies that applicants for initial CPA certification must have at least 150 semester hours, including 30 hours in accounting above introductory level, and one year of relevant work experience. The bill provides an effective date of November 1, 2023.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Approved by Governor 04/19/2023 (on 04/19/2023)
Official Document
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