Pennsylvania's Senate has approved a bill raising the education requirements for accountants who want to become certified there. The bill, which now goes to the commonwealth's House of Representatives, incorporates the national “substantial equivalency” provision, which allows CPAs to practice in other states without having to apply for additional licenses. The Pennsylvania Institute of Certified Public Accountants points out that the requirement means CPA candidates would have to complete at least 150 semester hours of post-secondary education before receiving their certification, beginning in 2012. Currently, 48 of the 55 licensing jurisdictions have this requirement.
Senate Unanimously Approves PICPA’s CPA Law Bill [PICPA]
(And if you really want to read the bill, click here.)
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