Illinois HB2459 amends the Illinois Public Accounting Act to adjust licensing requirements for certified public accountants (CPAs).
HB2459 modifies the Illinois Public Accounting Act by updating the qualifications for CPA licensure. Effective January 1, 2023, applicants must present proof of 120 college semester hours or equivalent academic credits. The bill also introduces enhanced mobility provisions, allowing individuals with equivalent licenses from other states to practice in Illinois without additional licensure. Effective January 1, 2027, the Department of Financial and Professional Regulation may license individuals with a bachelor's degree in accounting, an exam certificate, and at least one year of experience.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.