Modifies eligibility requirements for certified public accountants and firms in Minnesota.
The bill modifies eligibility requirements for certified public accountants and firms in Minnesota. It allows firms with a valid permit from another state to perform attest services for clients with headquarters in Minnesota without a Minnesota permit if certain conditions are met. These conditions include having a bachelor's degree or higher with an accounting concentration, holding a valid CPA license in good standing, and passing the Uniform CPA Examination. The bill also specifies that firms must comply with Minnesota's rules and disciplinary authority.
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.