Modifies provisions relating to public accounting

HB 1797 updates Missouri's accounting laws by revising definitions and licensing requirements for certified public accountants (CPAs). It replaces outdated terms with new definitions (like "attest services" and "peer review") and requires CPA exam applicants to hold a bachelor's degree with an accounting concentration starting June 2021. This directly affects CPAs, accounting firms, and individuals seeking licensure in Missouri by clarifying professional standards and raising educational thresholds for exam eligibility. The bill focuses on modernizing regulatory language and alignment with national accounting standards, without changing core practice rules.