Modifies provisions relating to public accounting

Summary

The bill removes several old sections of the state accounting code and replaces them with new sections that define key terms such as CPA, attest services, public accounting, and peer review. It also creates specific education, age and character requirements for anyone applying to take the CPA exam and tells the state board to adopt national accounting standards. The changes would affect current and future accountants, CPA firms, their clients, and the board that oversees licensing.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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