Occupations: accounting; required hours of instruction for accountants; revise. Amends secs. 725, 727a & 729 of 1980 PA 299 (MCL 339.725 et seq.).

SB 1113 updates Michigan's rules for becoming a certified public accountant by clarifying education and experience requirements. To qualify, applicants must complete at least 150 semester credit hours in accounting and pass a standard examination, while the required work experience is set at one year for those with a baccalaureate degree or post-baccalaureate degree and two years for those with only 120 credit hours. The bill also defines which types of professional work count toward these experience requirements and excludes non-professional tasks like bookkeeping. Additionally, the law establishes criteria for out-of-state accountants to practice in Michigan without obtaining a local license if they hold a substantially equivalent credential from another jurisdiction.