Bill > HF778

This bill modifies the qualifications for becoming a certified public accountant (CPA) in Iowa by establishing two alternative pathways for initial certification. The first pathway requires 150 semester hours of college education, a degree, and at least one year of professional experience. The second pathway requires 120 semester hours of college education, a degree, and at least two years of professional experience. The degree must be at least a baccalaureate level from a board-recognized college or university, with a concentration in accounting or an equivalent area of study. Experience can be in government, industry, academia, or the public sector, and must involve services such as accounting, tax, consulting, or financial advisory work. The bill also updates provisions related to out-of-state practitioners, allowing them to practice in Iowa under certain conditions, and removes a previous subsection about experience requirements. Additionally, the bill updates language about reciprocity and practice privileges for CPAs from other jurisdictions, ensuring they comply with board requirements. The changes will take effect on July 1, 2026, providing a transition period for current and prospective CPAs to adapt to the new standards.

State Government (House)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF778