Michigan SB1112 modifies accountancy firm licensing requirements, including conditions for performing certain services without a license.

Michigan SB1112 amends sections 724 and 728 of the 1980 Public Accounting Act to modify the requirements for accountancy firm licenses. The bill specifies conditions under which firms can perform attestation engagements or compilations without a Michigan license, including through individuals with practice privileges. It also outlines conditions for firms not required to obtain a Michigan license to perform review engagements, examinations, reviews, or agreed-upon procedures. The act takes effect 90 days after enactment.

Michigan SB1112 modifies accountancy firm licensing requirements, including conditions for performing certain services without a license.

Michigan SB1112 amends sections 724 and 728 of the 1980 Public Accounting Act to modify the requirements for accountancy firm licenses. The bill specifies conditions under which firms can perform attestation engagements or compilations without a Michigan license, including through individuals with practice privileges. It also outlines conditions for firms not required to obtain a Michigan license to perform review engagements, examinations, reviews, or agreed-upon procedures. The act takes effect 90 days after enactment.