summary
Introduced
01/09/2025
01/09/2025
In Committee
01/24/2025
01/24/2025
Crossed Over
03/19/2025
03/19/2025
Passed
Dead
06/16/2025
06/16/2025
Introduced Session
2025 Regular Session
Bill Summary
An act relating to public accountancy; amending s. 473.301, F.S.; making a technical change regarding the purpose of ch. 473, F.S.; amending s. 473.302, F.S.; deleting the definition of the term “Uniform Accountancy Act”; amending s. 473.3035, F.S.; authorizing the Board of Accountancy to competitively procure contracted services with certain corporations not for profit for the performance of certain duties assigned to the Division of Certified Public Accounting of the Department of Business and Professional Regulation; authorizing the board to rescind such contracted services at any time by a majority vote; amending s. 473.306, F.S.; conforming a cross-reference; making a technical change; amending s. 473.308, F.S.; revising the education and work experience requirements for a certified public accountant license; directing the board to prescribe specified coursework for licensure; revising requirements for licensure by endorsement; revising requirements for licensure of international applicants; deleting obsolete language; amending s. 473.312, F.S.; revising requirements for the approval of providers who administer continuing education on ethics for certified public accountants; requiring the board to give preference to certain providers; amending s. 473.3141, F.S.; revising requirements for certified public accountants licensed in another state or a territory of the United States to practice in this state without obtaining a license; reenacting s. 473.311(1)(b), F.S., relating to renewal of license, to incorporate the amendment made to s. 473.312, F.S., in references thereto; providing effective dates.
AI Summary
This bill modifies Florida's laws regarding public accountancy, making several key changes to licensing, education, and professional requirements for certified public accountants (CPAs). The bill updates educational requirements for CPA licensure, now allowing applicants to qualify through various pathways such as holding a master's degree in accounting or finance, a baccalaureate degree in accounting or finance, or completing specific coursework prescribed by the Board of Accountancy. The bill also revises work experience requirements, with applicants needing either one or two years of verified professional experience depending on their educational background. Additionally, the legislation authorizes the Board of Accountancy to competitively procure contracted services from non-profit corporations and allows the board to rescind such services at any time. The bill updates continuing education requirements, mandating that at least 5% of required education hours focus on ethics and giving preference to non-profit professional associations when approving education providers. The bill also modifies rules for out-of-state and international CPAs practicing in Florida, streamlining the process for licensed professionals from other states or territories to provide accounting services. These changes aim to modernize and standardize professional requirements while maintaining high standards of competence and ethical practice in the accounting profession.
Committee Categories
Budget and Finance
Sponsors (3)
Other Sponsors (1)
Regulated Industries (Senate)
Last Action
Died in Messages (on 06/16/2025)
Official Document
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