A bill for an act relating to qualifications for a certificate as a certified public accountant and including effective date provisions.(See SF 477.)
Impact
The bill impacts several provisions of the Iowa Code relating to public accounting, revising criteria to ensure that candidates prepared to navigate an evolving business landscape are entering the profession. With an effective date set for July 1, 2026, the revisions lay groundwork for future practitioners to meet enhanced qualifications, thereby potentially elevating the standards of practice across the state.
Summary
Senate Study Bill 1141 (SSB1141) proposes changes to the qualifications necessary for obtaining a certificate as a certified public accountant (CPA) in Iowa. The bill aims to enhance the standards for candidates seeking initial certification by establishing clearer educational and experience requirements, which include a minimum of 150 semester hours of college education or 120 semester hours with additional work experience. The intent behind these changes is to ensure that new CPAs possess sufficient academic knowledge and practical skills to effectively perform their duties in a complex financial environment.
Contention
Notable points of contention surrounding SSB1141 may revolve around the perceived burdens it places on prospective CPAs. Some stakeholders could argue that the increased educational and experiential requirements could discourage individuals from pursuing a career in accounting or increase costs related to obtaining necessary credentials. Meanwhile, proponents of the bill may contend that these changes are necessary to better equip future accountants to manage professional responsibilities, adhere to ethical standards, and understand complex regulatory frameworks.
Replaced by
A bill for an act relating to qualifications for a certificate as a certified public accountant and including effective date provisions.(Formerly SSB 1141.)
Replaced by
A bill for an act relating to qualifications for a certificate as a certified public accountant and including effective date provisions. (Formerly HSB 177.) Effective date: 07/01/2026.
Related
A bill for an act relating to qualifications for a certificate as a certified public accountant and including effective date provisions.(See HF 778.)
A bill for an act relating to the publication of certain public notices by designated public entities, providing for fees, and including effective date provisions.(See SF 480, SF 546.)
A bill for an act relating to health facilities and health services including licensing and the certificate of need process, and including effective date provisions. (Formerly SSB 1117.)
A bill for an act relating to the publication of certain public notices by designated public entities, providing for fees, and including effective date provisions.(Formerly SSB 1190; See SF 546.)
A bill for an act relating to the publication of certain public notices by designated public entities, and including effective date provisions. (Formerly SF 480, SSB 1190.)
A bill for an act relating to publication requirements for official publications, and including effective date provisions. (Formerly SSB 3107.) Effective date: 04/10/2024, 07/01/2024, 07/01/2025.