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Bill > SB719

PA SB719

PA SB719
Further providing for definitions, for general powers of the board, for examination and for requirements for issuance of certificate; repealing provisions relating to practice in this Commonwealth by individuals under substantial equivalency; further providing for practice outside this Commonwealth under substantial equivalency and for practice by firms and unlicensed entities under substantial equivalency; providing for practice in this Commonwealth by individuals under automatic mobility; and

summary

Introduced
05/06/2025
In Committee
06/26/2025
Crossed Over
06/11/2025
Passed
06/30/2025
Dead
Signed/Enacted/Adopted
06/30/2025

Introduced Session

Potential new amendment
2025-2026 Regular Session

Bill Summary

Amending the act of May 26, 1947 (P.L.318, No.140), entitled "An act relating to the practice of public accounting; providing for the examination, education and experience requirements for certification of certified public accountants and for the licensing of certified public accountants, public accountants and firms; requiring continuing education and peer review; providing for the organization and ownership of firms and for the procedures and grounds for discipline and reinstatement of licensees; prescribing the powers and duties of the State Board of Accountancy and the Department of State; providing for ownership of working papers and confidentiality; regulating the professional responsibility of licensees; defining unlawful acts and acts not unlawful; providing penalties; and repealing existing laws," further providing for definitions, for general powers of the board, for examination and for requirements for issuance of certificate; repealing provisions relating to practice in this Commonwealth by individuals under substantial equivalency; further providing for practice outside this Commonwealth under substantial equivalency and for practice by firms and unlicensed entities under substantial equivalency; providing for practice in this Commonwealth by individuals under automatic mobility; and further providing for licenses to practice, for licensing of firms, for grounds for discipline, for reinstatement and for unlawful acts.

AI Summary

This bill amends Pennsylvania's Certified Public Accountant (CPA) Law to introduce several key changes to the regulation of public accounting practice. The bill modifies definitions, examination requirements, and practice privileges for CPAs, most notably by replacing the concept of "substantial equivalency" with "automatic mobility" for out-of-state accountants. Key provisions include: establishing a new definition of "automatic mobility" that allows CPAs from other states to practice in Pennsylvania without additional licensing, creating a rolling 30-month period for passing different parts of the CPA examination, updating educational requirements for certification, and modifying the experience requirements for obtaining a CPA certificate. The bill also updates provisions related to disciplinary actions, continuing education, and practice rights for individuals and firms, making it easier for qualified CPAs from other states to practice in Pennsylvania while maintaining rigorous professional standards and the board's ability to take disciplinary action if needed. These changes aim to streamline the certification process, provide more flexibility for professional accountants, and maintain the integrity of accounting practice in the state.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (11)

Last Action

Act No. 27 of 2025 (on 06/30/2025)

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