Iowa SF477 modifies qualifications for a certified public accountant certificate, including education and experience requirements.

Iowa SF477 updates the qualifications for a certificate as a certified public accountant. It requires applicants to have either 150 semester hours of college education and one year of experience, or 120 semester hours and two years of experience. The bill also allows for equivalent requirements set by the board. Additionally, it modifies the practice of public accounting by out-of-state firms, requiring them to hold a valid license in their home state that is substantially equivalent to an Iowa license. The changes take effect July 1, 2026.

Iowa SF477 modifies qualifications for a certified public accountant certificate, including education and experience requirements.

Iowa SF477 updates the qualifications for a certificate as a certified public accountant. It requires applicants to have either 150 semester hours of college education and one year of experience, or 120 semester hours and two years of experience. The bill also allows for equivalent requirements set by the board. Additionally, it modifies the practice of public accounting by out-of-state firms, requiring them to hold a valid license in their home state that is substantially equivalent to an Iowa license. The changes take effect July 1, 2026.