Bill > LB718

This bill modifies the requirements for becoming and practicing as a Certified Public Accountant (CPA) in Nebraska by updating examination and educational prerequisites, streamlining the process for CPAs credentialed in other states, and adjusting disciplinary actions. Specifically, it changes the educational requirements for taking the CPA exam, making a baccalaureate degree the primary requirement, and alters the experience needed to obtain a permit to practice. The bill also clarifies the "practice privilege" for CPAs whose principal place of business is outside Nebraska, allowing them to practice in the state without a Nebraska permit if they hold a valid license elsewhere and meet certain criteria, while also subjecting them to Nebraska's disciplinary authority. Additionally, it revises the grounds and actions the state board can take in disciplinary proceedings against CPAs, including making certain revocations considered nondisciplinary if they are for specific failures like not obtaining a required permit. The bill also repeals several existing sections of Nebraska law related to CPAs and outright repeals one specific section.

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https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62654