Eligibility requirements modification for certain certified public accountants and firms

This bill modifies Minnesota's regulations to clarify when out-of-state certified public accounting firms and individuals must obtain local permits or practice privileges. It requires firms without a Minnesota office to get a permit if they perform specific attest services for clients headquartered in the state or if they use the title "CPA" or "CPA firm." The legislation also updates rules for individual accountants working remotely for out-of-state firms, granting them practice privileges if they hold valid licenses from other states and meet education and examination requirements. Additionally, the bill strengthens enforcement by mandating that firms take immediate corrective action if changes in ownership or personnel cause them to lose compliance with permit conditions.