Iowa Senate Bill SF477

Iowa 2025-2026 Regular Session

• Introduced: 3/3/25

Caption

A bill for an act relating to qualifications for a certificate as a certified public accountant and including effective date provisions.(Formerly SSB 1141.)

Impact

The implications of SF477 are significant for the future of accounting professionals in Iowa. By establishing clear educational and professional experience requirements, the bill aims to ensure that CPAs have a robust background that meets industry standards. This standardization is expected to improve the quality of accounting services in the state, while also providing a clearer path for individuals aspiring to enter the profession. However, it may also have the effect of limiting access for those who may not have the resources to achieve the educational requirements yet possess significant practical experience in the field.

Summary

Senate File 477 aims to amend the qualifications required for obtaining a certificate as a Certified Public Accountant (CPA) in Iowa. The bill proposes two primary pathways for candidates. Under the first pathway, an applicant must complete at least 150 semester hours of college education along with a degree, and have a minimum of one year of experience in relevant fields. Alternatively, the second pathway allows for completion of at least 120 semester hours of college education and a degree, but requires two years of professional experience. This dual approach is designed to accommodate candidates with varying levels of educational background and practical experience.

Contention

Notably, there may be contention regarding the stringent educational requirements outlined in the bill. Opponents might argue that these regulations create barriers for potential candidates, particularly those from non-traditional backgrounds or those who have extensive experience but less formal education. Advocates for accessibility in the profession may raise concerns that the bill could disproportionately affect underrepresented groups who might excel in practical work but lack the formal qualifications specified. There will likely be discussions surrounding the balance between the need for regulation and the necessity of maintaining an inclusive entry into the profession.