Reforms the education requirements for persons who want to become certified public accountants

Education requirements were rewritten to clarify that applicants must complete a bachelor's degree or equivalent from a registered or comparable accountancy program, with specific semester hour thresholds of 120 or 150 hours depending on the program type.

Experience requirements were reorganized and clarified, maintaining the two-year full-time or equivalent experience standard for 120-hour programs and one-year for 150-hour programs, with updated language about acceptable experience verification.

New provisions require CPAs practicing in New York under out-of-state licenses to meet both education and experience requirements, and to pass the written examination.

New rules require firms employing out-of-state CPAs to register with the state, and specify conditions under which out-of-state practitioners can provide certain services through unregistered firms.

Practice privilege language was updated to clarify that out-of-state CPAs must hold licenses in good standing and practice from their principal place of business in another state.