Bill > HB1035

This bill modifies provisions related to the licensure of public accountants by updating definitions, clarifying requirements for obtaining a certificate, and adjusting rules for out-of-state and foreign-licensed accountants. Specifically, it amends sections that define terms like "Board" (South Dakota Board of Accountancy), "Certificate" (a CPA certificate), "Licensee" (someone holding a certificate or permit), and "Practice Privilege" (the ability to practice public accountancy). The bill also revises rules concerning the board's authority to set fees for various services, including firm permits, certificates, and examinations, and updates educational and experience requirements for individuals seeking to become certified public accountants (CPAs). Furthermore, it clarifies the process for accountants licensed in other states or foreign countries to obtain a South Dakota certificate or practice within the state, ensuring their qualifications are comparable to South Dakota's standards, and establishes a grandfather clause for those who previously exercised practice privileges.