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AB 696

Relating to: various changes to the laws governing the practice of accounting and modifying various administrative rules promulgated by the Accounting Examining Board relating to accounting.

2025-2026 Regular Session Introduced by Barbara Dittrich and 4 co-sponsors

Overview: AB 696, Relating to: various changes to the laws governing the practice of accounting and modifying various administrative rules promulgated by the Accounting Examining B

Read first time and referred to Committee on Regulatory Licensing Reform
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Bill Summary · AB 696

Overview: AB 696, Relating to: various changes to the laws governing the practice of accounting and modifying various administrative rules promulgated by the Accounting Examining Board relating to accounting.
Status: Read first time and referred to Committee on Regulatory Licensing Reform
Introduced: February 14, 2025

Purpose and Intent: The main goal of this bill is to update and modernize the laws governing the accounting profession in the state. It aims to align the state's regulations with evolving industry practices and standards.

Key Provisions:
- Revises the educational and experience requirements for certified public accountant (CPA) licensure
- Modifies the continuing professional education (CPE) requirements for CPAs
- Updates the rules and procedures for disciplining CPAs who engage in misconduct
- Streamlines the process for CPAs to obtain practice privileges in multiple states
- Grants the Accounting Examining Board more flexibility in promulgating administrative rules

Affected Parties and Impacts:
- Certified public accountants (CPAs) will be subject to the new licensing, education, and disciplinary requirements
- Accounting firms and businesses that employ CPAs will need to adapt to the regulatory changes
- The Accounting Examining Board will have expanded rulemaking authority to oversee the accounting profession

Procedural and Timeline Considerations:
The bill has been introduced and referred to the Committee on Regulatory Licensing Reform for further consideration. If passed by the legislature, it would take effect upon the governor's signature.

Compiled from official sources — confirm details with the bill’s official record.

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