LRB-4138/1
MPG:cjs:jf
2013 - 2014 LEGISLATURE
March 10, 2014 - Introduced by Senator Grothman. Referred to Committee on
Government Operations, Public Works, and Telecommunications.
SB667,1,2
1An Act to amend 442.04 (5) (b) 3. of the statutes;
relating to: semester hours
2required to become a certified public accountant.
Analysis by the Legislative Reference Bureau
Under current law, a person may be qualified to receive a certificate as a
certified public accountant from the Accounting Examining Board if, among other
requirements, the person completes at least 150 semester hours with an accounting
concentration at an accredited bachelor's degree-granting institution of higher
education. This bill reduces that requirement to 120 semester hours. However,
under the bill, if the board grants a certificate as a certified public accountant to a
person who has completed at least 150 semester hours with an accounting
concentration, the certificate the board grants to that person must reflect that the
person completed that number of semester hours.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB667,2,7
1442.04
(5) (b) 3. The person has completed at least
150 120 semester hours of
2education with an accounting concentration at an institution, and has received a
3bachelor's or higher degree with an accounting concentration from an institution,
4except as provided in par. (c).
If the examining board grants a certificate to a person
5who has completed at least 150 semester hours of education with an accounting
6concentration at an institution, the certificate shall reflect that the person completed
7that number of semester hours.
SB667,2
8Section
2.
Initial applicability.
SB667,2,109
(1) This act first applies to a certificate as a certified public accountant granted
10by the accounting examining board on the effective date of this subsection.
