Bill > HB4893

This bill revises the requirements for obtaining and maintaining a Certified Public Accountant (CPA) license in Michigan, specifically modifying education, examination, and experience standards. The bill introduces more flexible educational pathways for becoming a CPA, offering three options: 1) 150 semester hours with a baccalaureate or higher degree in accounting, 2) a post-baccalaureate degree with an accounting concentration, or 3) 120 credit hours or a baccalaureate degree in accounting. The experience requirements are now tied to the specific educational path, with applicants following the third option requiring two years of qualifying experience compared to one year for the first two options. The bill also updates continuing education requirements, maintaining the 40-hour annual requirement but refining rules about carry-over hours and professional ethics training. Additionally, the legislation clarifies practice privileges for out-of-state CPAs, including a grandfather provision for those with existing practice privileges as of December 31, 2024. The changes aim to modernize the CPA licensing process, provide more flexibility for professionals, and ensure consistent educational and professional standards. The bill will take effect 90 days after being enacted into law.

Budget and Finance, Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4893