certified public accountants; certification; alternative.

Added a new sanction allowing the Board to require restitution payments to clients or persons suffering economic loss due to violations.

Updated definitions to clarify terms like 'attest services', 'disciplinary action', and 'management advisory services' to align with current standards.

Modified CPA qualification requirements to explicitly include postbaccalaureate degrees and clarify experience hour calculations.

Expanded the criteria for 'limited reciprocity privilege' to allow out-of-state CPAs to practice in Arizona under specific conditions without full registration.

Clarified registration requirements for firms, specifically regarding ownership structure and the use of the CPA designation in firm names.

Set the effective date of the new provisions to December 31, 2026.

Corrected formatting inconsistencies, removed redundant numbering, and standardized capitalization throughout the statute.