Bills › 91st General Assembly
Relating to qualifications for a certificate as a certified public accountant and including effective date provisions
Sponsored by the House State Government Committee
Where it is now
- Done: IntroducedFebruary 13, 2025
- Done: SubcommitteeFebruary 13, 2025
- Done: House committeeFebruary 26, 2025
- Done: Passes the HouseMarch 17, 202596–0
- Done: Senate committeeApril 3, 2025
- Done: Passes the SenateApril 8, 202547–0
- Done: To the GovernorMay 1, 2025
- Done: Signed into lawMay 1, 2025
Signed into law What’s a funnel?
What’s in it
AI summary People who want to become certified public accountants (CPAs) in Iowa would have two different paths to qualify. They could either complete 150 college credit hours and one year of work experience, or 120 credit hours and two years of experience. In both cases, applicants must earn a bachelor's degree in accounting or a similar subject and gain experience in fields like tax, consulting, or financial advice.1
Read the official explanation
This bill relates to the qualifications for a certificate as a certified public accountant and the practice of public accounting, and includes effective date provisions. Under the bill, an applicant for initial issuance of a certificate as a certified public accountant (CPA) shall have completed at least 150 semester hours of college education, a degree, and no less than one year of experience, or shall have completed at least 120 semester hours of college education, a degree, and no less than two years of experience. A degree required by the bill must be at least a baccalaureate degree and be conferred by a college or university recognized by the board, and the degree program must include a concentration in accounting or another area of study that the board determines to be substantially equivalent. The experience required by the bill shall include providing any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax, or consulting, as verified by an applicant, that meets the requirements prescribed by the board by rule. The experience may be in the government, industry, academia, or public sector.
Why it matters. People applying to become certified public accountants would need to meet new education and experience requirements. Applicants must have a baccalaureate degree from a recognized college and either 150 semester hours of college with one year of experience or 120 semester hours with two years of experience.2
House subcommittee
Named February 13, 2025 (as HSB 177). On February 25, 2025 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
2 for · 0 against · 2 undecided · Who →
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91st General Assembly