Bill > AB696

This bill makes several changes to the laws governing the practice of accounting and modifies administrative rules set by the Accounting Examining Board. Key provisions include updating the requirements for individuals seeking to practice as a Certified Public Accountant (CPA), particularly concerning educational background and work experience. It clarifies that out-of-state CPAs with practice privileges in Wisconsin will continue to have those privileges under certain conditions, and it adjusts the language regarding the equivalency of out-of-state licenses. The bill also redefines what constitutes a "bachelor's degree" for accounting licensure purposes and modifies the criteria for acceptable work experience, allowing for experience gained in government, industry, or academia in addition to public practice, and specifies that this experience must demonstrate skills needed to serve the public. Furthermore, it changes the timeframe for continuing professional development credits required for license renewal from one year to three years and adjusts the eligibility requirements for taking the CPA examination, including the number of semester hours of education needed.

Government Affairs

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab696