Practice mobility and substantial equivalency are in the spotlight as various state legislatures look to change education and experience requirements for CPA licensure.
To help CPAs and firms continue to practice successfully across state lines and remain in compliance with regulations should states enact changes, the AICPA recently issued guidance that includes an overview of the issue and a checklist to explain the effects of new rules.
"With states introducing or looking to introduce legislation, and the issue of CPA mobility consistently being in the press, our members and firms need to be aware of what the consequences may be to the potential loss of mobility," said Marta Zaniewski, vice president, AICPA State Regulatory & Legislative Affairs.
The AICPA’s interstate practice compliance checklist is a resource that aims to explain how CPAs may need to work and conduct business across state lines in a changed regulatory environment, Zaniewski added.