Bill > LD1789

This bill amends the education requirements for becoming a Certified Public Accountant (CPA) in Maine by modifying existing licensure rules. Specifically, the bill clarifies that 150 semester hours of education, including a minimum 4-year baccalaureate degree from an acceptable college or university, are required for licensure. The bill also adjusts examination eligibility rules, allowing candidates who have completed at least 120 semester hours of education, including required accounting and auditing courses, to take the CPA examination. Previously, candidates were required to complete their degree within 120 days after the examination, but this time restriction has been removed, providing more flexibility for aspiring CPAs. The changes are designed to standardize education requirements and make the path to CPA licensure more accessible while maintaining professional educational standards. The modifications will be implemented through routine technical rules established by the state board overseeing CPA licensure.

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https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1789&snum=132