Michigan SB1113 revises the requirements for certified public accountants, including education, experience, and continuing education.
Michigan SB1113 amends the licensing requirements for certified public accountants. It revises the education and experience criteria for applicants, including specific semester credit hours and qualifying experience. The bill also updates the continuing education requirements, specifying the number of hours needed annually and the areas they must cover. Additionally, it mandates participation in a peer review program for firms and sole practitioners performing audits, reviews, and compilations.
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- Critical Issues
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