Illinois HB2459 amends the Illinois Public Accounting Act to update licensure requirements for certified public accountants (CPAs).
HB2459 modifies the Illinois Public Accounting Act by changing the definition of "CPA firm" to include professional limited liability companies and changing references from "substantial equivalency" to "enhanced mobility." It updates provisions regarding substantial equivalency for individuals with valid licenses from other states. The bill also specifies that individuals with certain degrees and exam certifications can apply for licensure as a licensed CPA starting January 1, 2027.
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