Occupations: accounting; qualifications for certified public accountants; revise. Amends secs. 725 & 727a of 1980 PA 299 (MCL 339.725 & 339.727a).

House Bill 4502 revises the qualifications for Certified Public Accountants (CPAs) in Michigan, directly affecting individuals seeking this professional certification and those licensed in other states. The bill lowers the educational requirement for aspiring CPAs, allowing them to qualify with an associate degree and at least 60 semester hours of college education, rather than a baccalaureate degree and 150 semester hours. It also adjusts the educational criteria for out-of-state CPAs to be recognized as having substantially equivalent qualifications for practicing public accountancy in Michigan, similarly reducing the required college education to an associate degree and 60 semester hours.