Bill > SB571

This bill modifies the requirements for obtaining a Certified Public Accountant (CPA) certificate in New Hampshire by making several key changes. The bill removes the definition of "substantial equivalency" and replaces it with a standard of "comparable" when considering foreign accountancy designations. It updates educational requirements to now include either a post-baccalaureate degree with an accounting concentration or a baccalaureate degree plus an additional 30 semester credit hours. The bill allows applicants to sit for the CPA examination up to 120 days before expecting to obtain their baccalaureate degree, which provides more flexibility for aspiring accountants. Additionally, the legislation adjusts experience requirements, specifying two years of experience for candidates with a more comprehensive educational background and one year for those with less extensive education. The bill also modifies the process for issuing certificates to holders of foreign designations, requiring that these designations meet comparable educational, examination, and experience standards to those in New Hampshire. These changes aim to modernize and standardize the certification process for public accountants in the state, aligning more closely with national professional standards and providing clearer pathways to certification.

Government Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1261&inflect=2