AN ACT CONCERNING CERTIFIED PUBLIC ACCOUNTANTS.

HB 7020 clarifies definitions for Connecticut's Certified Public Accountant (CPA) regulations, directly affecting CPAs, accounting firms, and the State Board of Accountancy. It replaces outdated terms with updated definitions (e.g., "license" for practice authorization, "permit" for firm registration, and "quality review" for independent audits) to align with current professional standards. The bill standardizes terminology for services like audits ("attest"), financial statement preparation ("compilation"), and the use of CPA titles, ensuring consistent regulatory application. Effective October 1, 2025, it updates statutory references without creating new practice requirements or fees.